Grand Avenue by Archi Tbilisi: Sources and Prices Guide (2026)

Tbilisi, Georgia
  • ARGA3001
  • Property ID
  • Apartment
  • Property Type
  • 36.7 - 130.8
  • sq. m.
For Sale
Grand Avenue by Archi Tbilisi: Sources and Prices Guide (2026)
Tbilisi, Georgia

Description

Grand Avenue by Archi Tbilisi is a 21-hectare district on Tsotne Dadiani Street near the Dinamo Arena, and on 12 November 2026 the developer’s pages show one building open for sale there: Wyndham Residences by Archi, whose public flats list holds 591 flats of 36.7 to 130.8 m².

Grand Avenue by Archi Tbilisi render of towers and park

This guide to Grand Avenue by Archi Tbilisi reads Archi’s pages as they stood on 12 November 2026 and sets beside them what Korter, the press and the design firms print. The developer’s block pages flag Blocks A, B, E, F and G as all sold, its list shows no flats for them, and the pages print no price and no handover date.

Each figure is given with its source and date, and the guide does not choose between sources. It adds sourced background on the area and on buying, taxes and residence in Georgia, and a list of what a buyer can ask for in writing.

Overview of Grand Avenue by Archi Tbilisi

The developer’s complex page describes the district as a project on Tsotne Dadiani Street, near Dinamo Stadium and 150 metres from Nadzaladevi metro station, built on the site of an old factory under what Archi calls a “city within a city” concept. Six buildings are listed on that page: Blocks A, B, E, F and G, and Wyndham Residences by Archi. This is the developer’s own wording, read on 12 November 2026.

Aerial render of Grand Avenue towers with Dinamo Arena and the city behind

For a buyer the key fact is which of the six is open. On 12 November 2026 the block pages for A, B, E, F and G carry an all-apartments-sold flag, and the public flats list returns no flats for them. Wyndham Residences by Archi is the building whose list holds flats: 591 of them, with total areas from 36.7 to 130.8 m². Section 3 sets out the page-by-page evidence.

The pages do not print a price, a handover date, a payment schedule, a furnishing specification or the name of the entity that signs the contract. Third-party figures exist, mainly on the Korter portal, and they are shown in sections 2 and 5 with their dates and labelled as listing-site indications, not as Archi prices.

Grand Avenue by Archi Tbilisi key facts As published (archi.ge, 12 November 2026, unless stated)
Location Tbilisi, 32 Tsotne Dadiani Street, near Dinamo Stadium; 150 m from Nadzaladevi metro station, per the developer
Developer Archi (archi.ge)
Scale 21-hectare district; 75 percent of the territory for greenery and recreation, per the developer
Buildings listed Six: Blocks A, B, E, F, G and Wyndham Residences by Archi
Open for sale on the public list Wyndham Residences by Archi: 591 flats listed on 12 November 2026
Blocks A, B, E, F, G Block pages carry the all-apartments-sold flag; the public flats list returns no flats for them (12 November 2026)
Flat sizes in the public list 36.7 to 130.8 m² total area; 1 to 4 rooms as counted by the list
Price Not printed by the developer; Korter (26 October 2026) shows studios from USD 65,647 and from USD 1,609 per m²
Handover Not printed by the developer; Korter prints “start in Q4 2025” for Block A and no completion date
Construction progress Block A 1 percent, Block B 4 percent, Wyndham Residences, E, F, G 0 percent (progress log of 13 October 2026)
Payment plan Not published; the investor page says Archi will offer an individual payment plan
Finish and furnishing Not stated on the pages read
Brand Wyndham Residences by Archi, as the developer names it; no page on Wyndham’s own sites found
Contracting entity Not named on the pages read

What each source prints about blocks, units, status, price and handover

Public information on the district comes from the developer’s pages, from Archi-issued press material and from portals, and the figures do not always agree. The table below puts them side by side. The developer’s pages are quoted as “per the developer” with the date they were read; every other figure is “per” the named source on its date, and the guide does not decide which is right.

3D plan of a 1-room 40.9 m2 apartment at Grand Avenue
Item Per the developer (archi.ge, 12 November 2026) What third parties print
Buildings Six on the complex page: A, B, E, F, G and Wyndham Residences by Archi Korter (26 October 2026): “6 houses”; its short list shows Blocks A, B and C
Floors Floor selectors: A 4 to 30, B 4 to 25, Wyndham Residences 4 to 27, E 4 to 28, F 4 to 16, G 4 to 31; page text calls E 28-storey, F 16-storey, G 31-storey Korter: A 30 floors, B 24, “C” 25; project “24-30”
Flats Complex-page counters: A 476 (376 sold, 100 for sale), B 356 (321 sold, 35 for sale), Wyndham Residences 591 for sale, E 427, F 228, G 487 for sale; public flats list: 591, all in Wyndham Residences Korter: A 476, B 356, “C” 541; 192 listings for sale
Sale status Block pages for A, B, E, F, G: all-apartments-sold flag; Wyndham Residences: not flagged Korter shows apartments for sale from USD 65,647 in its Block B row and “price upon request” for A and C
Investment figure GEL 2 billion (Archi news, 9 October 2026); “approximately USD 770 million” in the Archi release of 19 October 2026 (MENAFN, TradeArabia) “over $1 billion” in a Forbes Georgia paid placement of 11 September 2025 (developer-supplied text)
Fitness centre 2,500 m² (complex page); 3,200 m² (Archi news of 9 October 2026 and the investor page) Korter: “2500 sq m gym”
District Street address only; no district named on the pages read Korter header: Nadzaladevi; Chapman Taylor places the site in Nadzaladevi district
Price None: the price field is 0 for all 591 listed flats and the pages’ price flag is false Korter (26 October 2026): studios from USD 65,647; from USD 1,609 per m²; 3-room from USD 139,661
Handover No date on any block page Korter: Block A “start in Q4 2025”; no completion date
Hotel and brand News of 9 October 2026: the next stage “introduces” a five-star Hilton hotel and Wyndham Residences Madloba (1 November 2026): a memorandum with Hilton signed, final contract expected, per the founder as relayed by BMG on 24 September 2026

Three of these rows change what a buyer can rely on. The first is the flat count. The complex page prints for-sale counters for every block, while the block pages and the public list show something different for A, B, E, F and G. The guide takes no view on how the two relate; a buyer can ask which is current for the unit in question and have the answer in writing.

The second is the block naming. Korter lists a “Block C” of 25 floors and 541 apartments, and the developer’s pages have no block of that name. A buyer who sees a unit labelled with a letter on a portal should match it to a block page on archi.ge and to a floor and unit number before relying on it.

The third is the investment figure. The September 2025 text and the October 2026 release give different numbers in different currencies. At the National Bank of Georgia’s rate for 12 November 2026 (USD 1 = GEL 2.5933), GEL 2 billion is about USD 771 million, which is close to the release’s own conversion. The earlier figure carries no conversion date.

Sale-status flags and construction progress, block by block

Each block has its own page on archi.ge, and each page carries a status flag, a construction percentage and, for some blocks, a dated progress log. The table below reports exactly what the pages and the public flats list showed on 12 November 2026. The pages are Block A, Block B, Block E, Block F, Block G and Wyndham Residences.

Masterplan render of Grand Avenue with blocks E, F, G, Hilton and Wyndham marked
Block Floors in selector Progress (archi.ge) Sale flag on block page Flats in public list Complex-page counter
A 4 to 30 1 percent All apartments sold: true 0 376 sold, 100 for sale
B 4 to 25 4 percent All apartments sold: true 0 321 sold, 35 for sale
E 4 to 28 0 percent All apartments sold: true 0 427 for sale
F 4 to 16 0 percent All apartments sold: true 0 228 for sale
G 4 to 31 0 percent All apartments sold: true 0 487 for sale
Wyndham Residences 4 to 27 0 percent All apartments sold: false 591 591 for sale

In plain terms: per the developer’s block pages, read on 12 November 2026, Blocks A, B, E, F and G are flagged as all sold, and the public flats list returns no flats for any of them; Wyndham Residences is not flagged and its list holds 591 flats. No price is attached to any of them. That is the whole of the sale position the developer’s pages show, and the guide adds nothing to it.

Construction progress is shown as a percentage on each block page. A and B are the only blocks with log entries, and the wording is short. The table gives each entry in the order of its date.

Date shown on archi.ge Block What the page says (paraphrased)
14 July 2026 B Excavation of the foundation pit has started
7 August 2026 B Clearing of the area is close to complete; excavation is under way
8 September 2026 B Clearing and excavation are both close to complete
8 October 2026 Whole district Archi news: a symbolic signing ceremony and the placing of a time capsule in the foundation, marking the next stage (news item of 9 October 2026)
13 October 2026 B Pit ground treatment is complete; positioning of piles starts
13 October 2026 A Pit ground treatment is in progress
12 November 2026 Wyndham Residences, E, F, G Status “ongoing”, 0 percent, no log entries

Read together, the log places the district at the pit and piling stage on the blocks that show any progress. The developer prints no completion date for any block, so the percentages cannot be turned into a handover estimate, and the guide does not try to.

Wyndham Residences by Archi: the 591 flats in the public list

The Wyndham Residences block page is the only one with a flat list behind it, so it is the part of the district a buyer can actually inspect today. The list returned by the developer’s public interface on 12 November 2026 holds 591 flats, none marked sold or booked, none with a price. Within Grand Avenue by Archi Tbilisi it is the only building with an open list. Everything in this section that is not a quotation is counted or calculated from that list, and the calculations are shown.

Render of a landscaped plaza and play area at Grand Avenue

The list counts rooms with a field the developer calls roomsCount. The guide reports it as printed, because the meaning of the count is not explained on the pages: a flat counted as 3 rooms can be as small as 49.8 m², while a flat counted as 1 room can reach 50.8 m². The list also splits each total area into a living area and a “summer area”, which behaves like the balcony or terrace share; for all 591 flats the two add up to the total within 0.1 m².

Rooms as counted by the list Flats listed Share of 591 (calculated) Total area range (m²) Average total area (m², calculated) Living area range (m²) Summer area range (m²)
1 286 48.4 percent 36.7 to 50.8 39.9 28.5 to 43.8 7.0 to 9.5
2 180 30.5 percent 40.3 to 80.0 54.8 31.2 to 55.0 6.9 to 25.0
3 101 17.1 percent 49.8 to 130.8 93.3 42.9 to 74.0 6.9 to 63.3
4 24 4.1 percent 107.8 to 109.1 108.5 68.8 to 70.1 39.0
All 591 100 percent (rounded) 36.7 to 130.8 56.3 28.5 to 74.0 6.9 to 63.3

The averages are the sum of total areas divided by the number of flats in each row: 11,414.3 m² over 286 one-room flats, 9,857.2 m² over 180, 9,421.7 m² over 101 and 2,603.6 m² over 24, which together make 33,296.8 m² over 591 flats. The list contains 116 distinct layout records, 56 of them for the one-room count, 35 for two rooms, 20 for three and 5 for four.

The list covers floors 4 to 27. Floor 4 holds 16 flats and each of floors 5 to 27 holds 25, which gives 16 plus 23 times 25, or 591. The developer’s gallery also shows three-dimensional plans with room areas for a one-room flat of 40.9 m², a two-room flat of 56.3 m² and a three-room flat of 103.6 m².

Portal labels differ from the list. Korter (26 October 2026) shows studios of 35.5 to 62.5 m², two-room units of 49.8 to 116.2 m², three-room units of 63.1 to 142.7 m², four-room units of 107.8 to 230.8 m² and one six-room unit of 457.7 m². The portal’s ranges extend beyond the Wyndham Residences list at both ends, so they evidently cover more than that block, and the page does not say which.

What the block page says about the building is brief and is attributed to the developer. It describes Wyndham Residences by Archi as a branded, multifunctional hospitality and residential development inside the district, “developed and managed in accordance with Wyndham’s strict international brand standards”, with residences designed for personal use, vacation stays and investment purposes, and professional property management intended to reduce day-to-day involvement by owners.

Topic What the block page prints What it does not print
Brand wording Wyndham Residences by Archi; brand standards apply to development and management The licence or franchise entity, its term, and what the standards require of an owner
Amenities listed Swimming pool, fitness centre, co-working spaces, restaurant and dining, children’s area, lobby, indoor parking; the facility list adds concierge, bar, lounge, conference room and commercial space Which amenities are in the first stage, who may use them and under what charge
Materials listed Low-emission glass, Ytong blocks, HPL panels Interior finish, appliances and furnishing
Management “Professional property management” intended to minimise day-to-day investor involvement The operator’s name, the fee, whether joining is optional, and how income or costs are shared, if at all
Use Personal use, vacation stays and investment purposes Any limits on owner use or on letting
Progress 0 percent, status ongoing (12 November 2026) Completion date

The brand claim rests on Archi’s material. A quotation from David Gesto, Director of Franchise Operations, Wyndham Hotels and Resorts, EMEA, appears in the Archi-issued release of 19 October 2026 as carried by MENAFN and TradeArabia; it speaks of Wyndham bringing its experience to the project. No page announcing the project was found on Wyndham’s own sites on 12 November 2026. Wyndham-branded projects in Gonio and Batumi that are listed elsewhere on this site are different buildings by other developers.

Price indications by source and date

The developer prints no price for Grand Avenue by Archi Tbilisi. Every flat in the public list has a price field of 0, and the price flag on the complex and block pages is false. The investor page says only that Archi will offer an individual payment plan. The sole price information in circulation therefore comes from portals, and it is shown here as listing-site indications dated 26 October 2026.

Render of a Grand Avenue residential tower with landscaped podium
Source and date Unit scope Figure printed At USD 1 = GEL 2.5933 (12 November 2026)
Korter, 26 October 2026 Studios, 35.5 to 62.5 m² From USD 65,647 About GEL 170,242
Korter, 26 October 2026 3-room units, 63.1 to 142.7 m² From USD 139,661 About GEL 362,183
Korter, 26 October 2026 Studios and 3-room units From USD 1,609 per m² About GEL 4,173 per m²
Korter, 26 October 2026 2-room, 4-room and 6-room units Price upon request Not applicable
Archi (archi.ge, investor page) All units No price; individual payment plan offered, terms not stated Not applicable

The portal does not say which building a given from-price belongs to; its list shows the studio price in a Block B row and in the page header. Because the developer’s block pages flag Block B as all sold, a reader cannot tell from the page whether a Korter price refers to a flat that is currently available from the developer, from an earlier buyer, or from a broker. The figures are therefore indications of what a portal prints, not offers.

Korter also embeds a mortgage calculator from TBC Bank with a nominal rate “from 7.4 percent” and an effective rate “from 8.3 percent”, tied to Term SOFR and described by the portal as the minimum, with final terms set at credit approval. It is a portal widget, not an Archi offer, and the developer’s pages say nothing about bank partnerships. The National Bank of Georgia’s limits on loans are covered in section 8.

One comparison matters for residence rules. Georgia’s threshold for a short-term residence permit through property is a market value exceeding USD 150,000, set by an accredited assessor, which at the rate above is GEL 388,995. Both printed Korter from-prices sit below it. At a constant USD 1,609 per m², a flat would need an area above 93.2 m² to pass USD 150,000; that is pure arithmetic and not a price for any real flat.

Printed figure (Korter, 26 October 2026) USD Against USD 150,000 (GEL 388,995)
Studios, from 65,647 Below
3-room units, from 139,661 Below
Per m², from (constant-rate arithmetic: 150,000 / 1,609) 1,609 per m² 93.2 m² would be needed to exceed USD 150,000

The developer’s investor page and Archi press material also carry return and price-rise percentages. This guide does not reproduce them, since they are marketing statements and not terms of any sale document; what a purchase delivers is set by the contract.

Location of Grand Avenue by Archi Tbilisi: Dadiani Street, Nadzaladevi metro and the Dinamo Arena

The district sits at 32 Tsotne Dadiani Street in Tbilisi, the street that also gives its name to the metro station nearest the site. Archi’s pages place it “near Dinamo Stadium, just 150 meters from Nadzaladevi Metro station”. The Wikipedia entry for Nadzaladevi station lists its location as Tsotne Dadiani Street and says the station opened on 11 January 1966 on the First Line (Akhmeteli-Varketili), between Gotsiridze and Station Square.

Render of the Wyndham Residences towers at Grand Avenue

The stadium is the Boris Paichadze Dinamo Arena; Wikipedia gives its construction year as 1976 and its home teams as FC Dinamo Tbilisi and the national football and rugby sides. No source read for this guide describes how stadium events affect the street, so the guide does not either.

Geostat puts Georgia’s population at 3,941.1 thousand on 1 January 2026, of which 1,369.4 thousand live in the city, which Geostat describes as more than one third of the total. That context says nothing about this project, but it shows the scale of the city the district would join.

District naming differs by source. Archi’s pages give a street address and no district. Korter’s header reads Nadzaladevi, and the design firm Chapman Taylor, whose representatives took part in preparing the initial master plan for the site’s previous owners, places the site in Tbilisi’s Nadzaladevi district. A buyer who needs the district for a document should take it from the cadastral record and not from a portal.

Archi describes the site as a former railway carriage factory and says a tunnel will connect the district to Tsereteli Avenue. The developer’s pages use the future tense for the tunnel, and no source read gives a start date, a route or a permit for it. The same applies to the factory conversion, which the 9 October 2026 news item attributes to Benoy with Alkaş and Han Spaces.

The table gives distances from the site coordinates printed on the developer’s page (41.7298894, 44.7940251). Straight-line figures are calculated from coordinates; road figures come from the OpenStreetMap-based routing service OSRM, without traffic, so they are floors for a real journey. Portal figures are the portal’s own.

Place Developer or portal figure Calculated straight line Road, OSRM without traffic
Nadzaladevi metro station 150 m (archi.ge); about 5 minutes on foot (Korter) About 0.18 km Not computed
Dinamo Arena “Near Dinamo Stadium” (archi.ge) About 0.84 km Not computed
Station Square metro (rail station area) Tbilisi Central Railway Station 1 km (Korter) About 0.86 km Not computed
Freedom Square City centre 15 to 20 minutes by car (Korter) About 4.1 km About 5.8 km, about 12 minutes
Tbilisi International Airport “Just over twenty kilometres”, about 30 minutes by car (Korter) About 15.0 km About 21.8 km, about 33 minutes

The coordinates of the stations, the square and the airport come from the Station Square, Freedom Square and airport pages on Wikipedia, and routes were requested from Project OSRM on 12 November 2026. Korter also lists nearby bus stops 320 metres away and a main road about 150 metres away; the guide reports these as the portal’s figures and has not checked them on the ground.

Master plan, designers, Hilton and amenities as the developer lists them

The master plan is credited on the developer’s pages to Chapman Taylor’s Madrid studio, with Wei Yap Ooi (Wei Yap Architecture) for the architectural concept and Bob Earl of OCULUS for landscape design. The 9 October 2026 news item adds Benoy of London for the conversion of the former railway carriage factory, supported by Alkaş and Han Spaces, and says Chapman Taylor is also designing the Hilton hotel.

Render of the renovated railway carriage factory hall at Grand Avenue

A Chapman Taylor news page confirms the firm’s role in the master plan and names Jan Dijkema and Álvaro Alonso Martínez as its representatives at the presentation held on 20 September 2025.

Role as the developer states it Name Confirmed on the firm’s own page
Master plan; Hilton hotel architecture Chapman Taylor, Madrid studio Yes, for the master plan (Chapman Taylor news page)
Architectural concept Wei Yap Ooi, Wei Yap Architecture Not checked
Landscape design Bob Earl, OCULUS Not checked
Former railway carriage factory conversion Benoy, with Alkaş and Han Spaces Not checked

The facility list on the complex page is written in the future tense and covers a long programme: 75 percent greenery and recreation, co-working spaces, indoor and outdoor pools and a spa, a padel centre, a museum, a fitness centre, a gastro hub of cafes and restaurants, tennis, basketball and football grounds, cycling lanes, children’s spaces, a school, a kindergarten, a children’s entertainment centre, a bowling club and multi-level parking. The investor page adds volleyball, a skatepark, an urban amphitheatre and a 2.64 km running loop.

Where the developer’s own pages disagree, both figures are shown: the fitness centre is 2,500 m² on the complex page and 3,200 m² on the news item and the investor page. Madloba, in the report cited below, mentions a pool 31 metres long and a padel centre of nine courts; neither figure appears on the developer’s pages, so they are the outlet’s reporting only.

On the hotel, the 9 October 2026 news item says the next stage introduces a five-star Hilton hotel. Madloba, a Russian-language outlet, reports on 1 November 2026 that, according to Archi’s founder as relayed by BMG on 24 September 2026, a memorandum with Hilton had been signed for the brand’s first five-star hotel in Tbilisi and that the final contract was expected soon. No Hilton page about the project was found on 12 November 2026. The hotel is not among the flats for sale.

For a buyer, the practical point is that the facility list is written as a plan. The progress log shows the pit and piling stage on the first blocks, so the guide treats every amenity as planned until the developer’s pages or a permit say otherwise. Which facilities belong to the Wyndham Residences owners, and which are public or commercial, is not stated and belongs on the written list in section 9.

Buying in Georgia: registration, taxes, residence and financing

Georgian law lets a foreigner own an apartment on the same footing as a citizen, with one category carved out. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s ownership in the Public Registry before ownership of an immovable thing passes.

Render of the fitness hall at Grand Avenue

The carve-out is agricultural land, which the Organic Law on Agricultural Land Ownership reserves in its Article 4 for the state, municipalities, citizens and certain Georgian entities. A flat in a city block is not agricultural land. The guides on whether foreigners can buy property in Georgia and on how to buy property in Georgia give the general position.

For a building not yet complete, the order of events is set by the contract and the registry. The registry fee page lists registration of a change of right and registration of an obligation related to an ownership right at the same three tariffs: GEL 150 for four working days, GEL 270 for one working day and GEL 350 on the day of filing.

At GEL 2.5933 per USD (National Bank of Georgia, 12 November 2026) those are about USD 57.8, USD 104.1 and USD 135.0. The fee depends on the speed chosen, not on the price.

A buyer abroad has two common routes. One is a power of attorney legalised for use in Georgia; the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007. The other is the registry’s smart-contract service, which registers rights online through a booked virtual meeting. Which route the developer accepts is a point to settle in writing.

Step Who Typical time or fee Source
Get the unit number, price list and draft contract in writing Buyer, developer Not published on archi.ge Complex page
Order a Public Registry extract for the plot Buyer, lawyer, NAPR GEL 20 in 1 working day, GEL 13 online; GEL 26 extra for English NAPR information fees
Match plot and cadastral data to the extract Buyer, lawyer Korter prints cadastral number 01.12.12.036.001; not checked against the registry Korter
Sign the written contract Buyer, developer Terms set in the contract Civil Code, Art. 183
Pay under the schedule Buyer Schedule not published Investor page
Register the right or the obligation Buyer, NAPR GEL 150 / 270 / 350 by speed NAPR fee page
Sign from abroad, if needed Buyer, NAPR Apostilled power of attorney, or booked virtual meeting NAPR smart contract

Property tax on individuals changed on 30 September 2026: the English text of the Tax Code on matsne.gov.ge now cites Law No. 1874 of that day among its amendments. Article 202(5) sets the rate on a natural person’s taxable property other than land at 0.8 to 1 percent of its market value at the end of the previous year.

Article 206(1)(a) exempts that property where the family’s income in the previous year did not exceed GEL 100,000. The EY Georgia brief for July to September 2026 says the earlier exemption threshold was GEL 40,000, so guides written before that date carry older bands.

Article 201(1)(c.a) covers real estate “including an unfinished construction” owned by a natural person; whether a buyer under an off-plan contract counts as the owner is a question for the contract and the registry record. Returns are due by 1 November and payment by 15 November (Article 205), and the Revenue Service page offers a 2026 calculator for individuals. The guide to property tax in Georgia covers the filing steps.

For income and sales, Article 81 of the Code taxes residential rent received by an individual with no deductions at 5 percent, the general personal rate at 20 percent, and the surplus on the sale of a residential apartment at 5 percent; Article 82(1)(f.a) exempts that surplus where the apartment was owned for more than two years. VAT is 18 percent (Article 166), and whether a quoted price includes it is a contract term.

For residence, the Public Service Development Agency describes a short-term residence permit for an alien who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, established by an accredited assessor.

It also describes an investment residence permit for property exceeding USD 300,000. The Law on the Legal Status of Aliens and Stateless Persons states the first test in Article 15(j) in the same terms. It is the valuation that counts, and the contract price does not substitute for it. See the guide to getting a residence permit in Georgia.

On financing, the National Bank of Georgia’s PTI and LTV page sets a loan-to-value limit of 90 percent for loans in lari and 70 percent for foreign-currency loans, and payment-to-income limits of 25 percent (lari) or 20 percent (foreign currency) for net monthly income below GEL 1,500, rising to 50 percent and 30 percent from GEL 1,500. Each bank sets its own terms for non-residents; see the guide to mortgages for foreigners in Georgia.

Item Rule Source
Property tax, individual Rate of 0.8 to 1 percent of the year-end market value; no tax where the earlier year’s family income was GEL 100,000 or less; return due 1 November, payment due 15 November Tax Code arts. 202(5), 205, 206(1)(a)
Rental income, individual 5 percent on residential rent with no deductions; 20 percent general rate Tax Code art. 81(1)-(2)
Sale of an apartment Surplus taxed at 5 percent; surplus exempt on a residential apartment owned for more than two years Tax Code arts. 81(3), 82(1)(f.a)
VAT 18 percent; whether a price includes it is a contract term Tax Code art. 166
Short-term residence permit Property other than agricultural land with market value exceeding USD 150,000 equivalent in GEL, set by an accredited assessor SDA page; Aliens Law
Investment residence permit Property exceeding USD 300,000 equivalent in GEL SDA page
Mortgage limits Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band NBG page
Exchange rate used USD 1 = GEL 2.5933, official rate for 12 November 2026 NBG official rate

What to ask for in writing before reserving

The developer’s pages for Grand Avenue by Archi Tbilisi leave several points open, so the list below turns each gap into a document or an answer that a buyer can request before paying. Some belong in the reservation form and the rest in the sale contract. Where a point depends on the block, the unit number is the anchor.

Render of a rooftop pool terrace at Grand Avenue
  1. The price list with unit numbers, floors, areas and the date of issue, and which of the 591 listed flats each price covers.
  2. The handover date written into the contract, what counts as handover, and what the contract provides if the date is not met.
  3. The full legal name and registration details of the entity that signs the contract, and the entity that owns the plot.
  4. The cadastral code of the plot and a Public Registry extract showing owner, encumbrances and any registered obligations.
  5. The construction permit and the design documents for Wyndham Residences, including the final floor count and the unit’s own floor.
  6. The payment schedule, the account or escrow that receives each payment, and the refund rule for a reservation deposit.
  7. The finish and furnishing specification for the unit: what is included, at what quality and from which date.
  8. The licence or franchise arrangement with Wyndham: which entity holds it, its term, and what happens to the branding if it ends.
  9. The name of the operator or property manager, the management agreement, its fee and term, and whether joining is optional.
  10. The service-charge schedule, the owners’ share of shared parts, and the rules for pool, fitness and parking use.
  11. Which district facilities belong to residents, which are public or commercial, and the schedule on which they open.
  12. In writing, the current status of any unit in Blocks A, B, E, F or G, if one of those blocks is of interest.
  13. Whether the price includes VAT, registration costs and any charge for the power of attorney.
  14. If signing from abroad: the form of the power of attorney or the booked registry meeting the developer accepts.

The list is the normal due-diligence set for an off-plan purchase and implies nothing about the project. A written answer to each point, attached to the reservation, is what lets a buyer compare this project with others on equal terms.

How Grand Avenue by Archi Tbilisi sits among Archi’s other Tbilisi projects

Archi has several developments in Tbilisi on this site. The table lists those in the same city with the status and the information their developer pages print on 12 November 2026. No project is ranked against another, and each page carries its own sources and conflicts. Like Grand Avenue by Archi Tbilisi, none of them shows a price on archi.ge; the pages print no handover date either.

Render of an apartment living room at Grand Avenue
Project Area per archi.ge Status as published (12 November 2026) Price and handover on archi.ge
Archi Horizon Tbilisi Ortachala, 109 Vakhtang Gorgasali St Under construction; progress A 6 percent, B 2 percent, C 0 percent None printed
Archi Universe Tbilisi Saburtalo, 15a University St Under construction; progress A 65 percent, B 67 percent None printed
Archi Rivertown Tbilisi Dighomi 8, David Aghmashenebeli Alley Block A completed in 2025; other blocks under construction None printed
Archi Alley Tbilisi Didi Dighomi, 14th km of Aghmashenebeli Alley Blocks A and B completed; Block C under construction None printed
King Tamar by Archi Tbilisi Saburtalo, 15 Merab Aleksidze St Under construction; progress 1 percent None printed
Archi Panorama Tbilisi Saburtalo / Vashlijvari, Marshal Gelovani Ave Under construction; progress 33 percent (log of 13 October 2026) None printed

Beyond Tbilisi, the Kobuleti Beach Resort listing on this site is a joint development announced by Archi and NEXT; see the Kobuleti Beach Resort guide. For a Tbilisi project by a different developer, the Mira Verde Tbilisi guide is a reference point, and the Tbilisi real estate prices guide, the Tbilisi city page and the Georgia country page give market and listing context.

Archi (developer)

Archi is a Georgian development group. Its About page on 12 November 2026 shows counters of 55 completed projects, 31 ongoing projects, 20 years of experience, 1,568,653 m² of completed construction and 1,238,468 m² of ongoing construction. The same page’s longer text, which appears older, speaks of 51 projects, 30 under construction and 1,058,723 m² completed. Both are the developer’s own statements and are shown as printed.

An Archi news item of 4 July 2021 says the company was founded in 2006 by Ilia Tsulaia, Meni Benish and Irakli Kapianidze, joined the development industry in 2008, and gained the basketball player Zaza Pachulia as a co-owner in 2018. The news item of 9 October 2026 quotes Ilia Tsulaia as Founder and Chairman. No shareholder register was found in the public sources read.

On audit, an Archi news item of 13 June 2024 says Deloitte was engaged to audit the group’s consolidated financial statements prepared under International Financial Reporting Standards. Archi’s About page also describes a building-block factory built with the German company Xella, with an investment of USD 15 million, and the district’s block pages name Ytong blocks among the materials.

Archi has also announced partnerships with other companies. One is the joint Swissotel Kobuleti Beach Resort with NEXT, described in an Archi news item of 1 June 2026. The pages read for this guide name no contracting entity for Grand Avenue, which is why the legal name of the seller is the third item on the written list in section 9.

Frequently asked questions

Is Grand Avenue by Archi Tbilisi open for sale?

Partly. On 12 November 2026 the developer’s block pages for A, B, E, F and G carry the all-apartments-sold flag, and the public flats list returns no flats for them. Wyndham Residences by Archi is not flagged, and its list holds 591 flats. No price is attached to any of them. A buyer interested in a particular block should ask the developer for the unit’s current status in writing, since portal listings can differ from the developer’s pages.

Which building has flats listed?

Wyndham Residences by Archi, a branded building inside the district, with 591 flats on floors 4 to 27. By the list’s own room count there are 286 one-room, 180 two-room, 101 three-room and 24 four-room flats, with total areas from 36.7 to 130.8 m². The list gives no price, no view and no handover date. The developer describes the building as a hospitality and residential development with professional property management; the terms are not on the page.

What price does Archi print for Grand Avenue by Archi Tbilisi?

None. The price field is 0 for every listed flat, and the pages’ price flag is false. The investor page says an individual payment plan will be offered and gives no terms. Korter, a listing portal, printed studios from USD 65,647 and a rate from USD 1,609 per m² on 26 October 2026; those are portal indications dated that day and not Archi prices, and the portal does not say which building they refer to.

When is handover?

The developer’s pages print no handover date for any block. Korter prints “start in Q4 2025” for Block A and no completion date. Archi’s progress log of 13 October 2026 shows Block A at 1 percent and Block B at 4 percent, with the other blocks at 0 percent. A buyer would need the date written into the contract, together with what counts as handover, since the pages give no basis for an estimate.

Is the Hilton hotel part of the flats for sale?

No. The developer’s news item of 9 October 2026 says the next stage introduces a five-star Hilton hotel; it is a hotel in the district, not a flat. Madloba reported on 1 November 2026, citing Archi’s founder via BMG on 24 September 2026, that a memorandum with Hilton had been signed and a final contract was expected. No Hilton page about the project was found on 12 November 2026.

Who operates Wyndham Residences by Archi?

The block page says the building is developed and managed according to Wyndham’s international brand standards and offers professional property management. It names no operator, fee or term, and does not say whether owners must join a management arrangement. A quotation from a Wyndham executive appears in an Archi-issued release, but no page on Wyndham’s own sites was found. The operating and licence terms belong on the written list.

Can a foreigner buy a flat in Georgia?

Yes. Under Article 183 of the Civil Code a written contract and registration in the Public Registry transfer ownership of an immovable thing, and a foreigner follows the same steps as a citizen. The exception in the law is agricultural land, which is not relevant to a city flat. Registration fees are GEL 150, 270 or 350 depending on speed, and a buyer abroad can use a legalised power of attorney or the registry’s online service.

Does a purchase here reach the residence-permit threshold?

The rule is a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor, for a short-term residence permit. Archi prints no price, so the guide cannot test any flat. Korter’s printed from-prices of USD 65,647 for studios and USD 139,661 for three-room units are both below USD 150,000. The assessor’s valuation is the test, whatever the contract price says.

How far is Grand Avenue by Archi Tbilisi from the metro and the airport?

Archi states the site is 150 metres from Nadzaladevi metro station. Calculated from coordinates, the straight line is about 0.18 km. Tbilisi International Airport is about 15.0 km in a straight line and about 21.8 km by road, roughly 33 minutes without traffic by OSRM routing on 12 November 2026. Korter gives about 5 minutes on foot to the metro and about 30 minutes by car to the airport.

What should a buyer ask for before paying a reservation?

A price list with unit numbers, the handover date in the contract, the full name of the contracting entity, a Public Registry extract for the plot, the permit, the payment schedule and account or escrow, the finish specification, the licence and management terms for Wyndham Residences, and the service-charge schedule. Section 9 gives the full list. Written answers let a buyer compare this project with others.

Sources and last check

Last checked: 12 November 2026. Sources:

This is not legal, tax or financial advice.

  • City Tbilisi
  • Country Georgia

Features

  • Gym
  • Swimming Pool

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Zhamal Abdykozhoeva
  • Zhamal Abdykozhoeva

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Zhamal Abdykozhoeva
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