Gumbati Strada Batumi: Prices and Sources Guide (2026)

  • From $61,320
New Boulevard, Batumi, Georgia
  • GUST3055
  • Property ID
  • Apartment, Studio
  • Property Type
  • 2
  • Bedrooms
  • 28.8 - 93.6
  • sq. m.
For Sale
Gumbati Strada Batumi: Prices and Sources Guide (2026)
New Boulevard, Batumi, Georgia
  • From $61,320

Description

Gumbati Strada Batumi is a 31-storey mixed-use tower on Sherif Khimshiashvili Street in central Batumi, listed as a current project on gumbati.ge, where the developer prints three apartment types of 28.8, 59.1 and 93.6 m², a headline of “Apartments from $61 320”, a 25 percent initial payment and a 48-month instalment, but no handover date and no flat-by-flat stock.

Gumbati Strada Batumi tower render at dusk, seen from the park side

This guide to Gumbati Strada Batumi reads the developer’s page, its public flat feed and the listing sites and brokers that carry the project, as they stood on 13 November 2026. Gumbati’s own flat feed returns no flats for Strada, so every figure about stock, prices by layout and handover comes from Korter, brokers or a project microsite, and each is shown with its source and date. Where they disagree, no figure is chosen.

The guide adds the price and instalment arithmetic for the three layouts, the finish and equipment that each source lists, the district around Sherif Khimshiashvili Street, the Georgian rules on registration, tax, residence and bank financing, and a list of what a buyer can ask for in writing before paying a reservation.

Overview of Gumbati Strada Batumi

The developer’s gumbati.ge project page describes Strada by Gumbati as a 31-story mixed-use development in the heart of Batumi that combines residential and hotel apartments in one multifunctional complex. The page, read on 13 November 2026, prints three apartment types: a studio of 28.8 m², a one-bedroom of 59.1 m² and a two-bedroom of 93.6 m². Beside them it prints “Apartments from $61 320”, “25 % Initial Payment” and “48 Month Installment”. All of that is the developer’s wording and is quoted as printed.

Several basic facts are absent from the developer’s English page. It prints no street address, no handover date and no count of apartments, and it gives no price for any single flat. The page does not say which floors or units are residential and which are hotel apartments. A reader who wants those facts has to look at other sources, and this guide lists what they print without ranking them.

The project is one of five that Gumbati files under its current projects, and its record in the developer’s public project feed carries the same status value as the other four (project id 169, slug strada). Korter, a listing portal that carries it, files the project in the Khimshiashvili district and reports Block A under construction with a start in the fourth quarter of 2025 and Block B as planned.

The table collects the basic facts as published, with the source of each. Where sources print different values, the row shows both and leaves the choice open.

Gumbati Strada Batumi key facts As published Source and date
Address Sherif Khimshiashvili Street, Batumi; the developer page prints no number; 39 (four sources) or 43 (Korter) gumbati.ge; microsite, ProfitKey, batumi.estate, EVA Estate; Korter; 13 Nov 2026
Developer Gumbati Group (Korter, microsite, ProfitKey); EVA Estate names Gumbati Holding Pages above; 13 Nov 2026
Type 31-storey mixed-use complex with residential and hotel apartments gumbati.ge, 13 Nov 2026
Apartment types Studio 28.8 m², 1 bedroom 59.1 m², 2 bedroom 93.6 m² (developer); Korter ranges: studio 28.8 to 41.8, one-bedroom 59.1 to 61, two-bedroom 93.6 gumbati.ge; Korter, 25 Oct 2026
Headline price Apartments from $61 320 (developer); Korter studio from $61,344 gumbati.ge, 13 Nov 2026; Korter, 25 Oct 2026
Payment plan 25 % initial payment and 48-month instalment (English page); 10 % on the Russian page gumbati.ge, 13 Nov 2026
Status Under construction; Block A start Q4 2025, Block B planned (Korter); foundation stage (ProfitKey) Korter, 25 Oct 2026; ProfitKey, 13 Nov 2026
Handover Not printed on the English page; sources print Q2 2029 to summer 2030 See section 2
Flat selector No flats published for Strada gumbati.ge feed, 13 Nov 2026
Number of apartments Not printed by the developer; Korter lists 66 for sale in Block A Korter, 25 Oct 2026

What each source prints about status, handover, blocks, floors and address

Nine public pages say something about when Strada will be finished, and none of them is a contract. The developer’s English page prints no handover date. Its Georgian and Russian versions print an end date for the instalment plan, and the other sources print a handover or an occupancy estimate. The table sets every figure beside its source and the date it carries or was read.

Floor plan of a 28.8 m2 studio at Strada with balcony
Floor plan of a 59.1 m2 one-bedroom apartment at Strada with balcony
Floor plan of a 93.6 m2 two-bedroom apartment at Strada with two balconies
Handover, completion or instalment end for Gumbati Strada Batumi Where it is printed Date of the source
Not printed (only “48 Month Installment”) gumbati.ge project page, English Read 13 Nov 2026
Instalment until April 2030 gumbati.ge, Georgian page and Russian page Read 13 Nov 2026
Instalment until May 2030 stradagumbati.ge Read 13 Nov 2026
Block A completion Q2 2029; Block B no date (“Planned, coming soon”) Korter Prices and availability dated 25 Oct 2026
Completion 2029 batumi.estate (card shows 3 October 2026) Read 13 Nov 2026
“Handover from 2029” realestatebatumi.ge, list prices of September 2026 Read 13 Nov 2026
Delivery in Q4 2029 EVA Estate Read 13 Nov 2026
Completion and occupancy summer 2030, “under construction, foundation” ProfitKey (pkp.ge) Read 13 Nov 2026

The instalment end dates are payment dates, and the developer’s pages do not tie them to a handover. The Korter date refers to Block A only. Reading across the rows, the earliest figure is the second quarter of 2029 and the latest is the summer of 2030, a spread of about a year. A buyer comparing Strada with other Batumi towers should compare dates from the same kind of source, and the date that binds is the one written into the sale contract.

The physical description also varies. The developer’s text speaks of one 31-floor complex and does not say how many buildings stand on the plot. Korter and EVA Estate describe two blocks of 31 floors, of which Korter marks Block A as under construction and Block B as planned. Korter’s own page is not uniform: its header counts one house in the project while the project-houses list shows two. The table collects the structural facts.

Item Developer (13 Nov 2026) Korter (25 Oct 2026) Other sources (13 Nov 2026)
Street number Not printed 43 39 on the microsite, ProfitKey, batumi.estate and EVA Estate
Buildings One “31-floor multifunctional complex”; no block count Two houses: Block A under construction, Block B planned EVA Estate: 2 blocks
Floors 31 31 in each block 31 on every broker page read
Apartments No total printed 66 for sale in Block A (37 studios, 16 one-bedroom, 13 two-bedroom) ProfitKey: 12 apartments per floor, of which two one-bedroom, one two-bedroom and the rest studios
Commercial space Not mentioned Lower levels allocated to commercial premises; no area or count realestatebatumi.ge: shops and cafés on the lower floors
Developer named Gumbati Group Gumbati Group EVA Estate: Gumbati Holding

No source gives a building permit number, an architect or a construction contractor for Strada. The permit and the permitted number of blocks and floors are therefore on the list of documents to ask for in section 8. Korter prints a cadastral number for the plot. It is not reproduced here because it has not been matched against a registry extract, and the registry is the place to check it.

Stock and prices: what the developer’s feed shows and what listing sites add

The developer’s website has a flat selector behind its “Choose Apartment” buttons, and the selector reads from a public feed. On 13 November 2026 a plain request to that feed for Strada returned an empty list for flats, types, blocks and floors. The same request for the Montemar project returned 720 flat records, so the feed works and simply holds nothing for Strada. The table records the checks.

Check on the developer’s feed (13 Nov 2026) What was asked Result
Project feed public project feed: is Strada listed? Yes: project id 169, slug strada, status value as for the other current projects; the feed reports 15 projects in total
Flats public flat feed for project 169 0 records
Types getTypes for project 169 0 records
Blocks getBlocks for project 169 0 records
Floors getFloors for project 169 0 records
Control getFlats for project 168 (Montemar) 720 records

There is therefore no developer stock to count by status for Strada: no flats shown as available, reserved or sold, and no price flag to interpret. The developer’s only price statement is the headline “Apartments from $61 320” on the English, Georgian and Russian pages, in US dollars, with no unit type or floor attached.

The studio of 28.8 m² is the smallest type, so the headline is most naturally read as the entry price of the smallest studio, but the page does not say so.

Among the sources read, Korter is the only one that shows a unit count by type. Its page, with prices and availability dated 25 October 2026 and still unchanged when read on 13 November 2026, lists the following. These are listing-site figures for Block A and not developer figures.

Layout on Korter Area range From price From price per m² Apartments listed
Studios 28.8 to 41.8 m² USD 61,344 USD 2,030 37
2-room (one bedroom) 59.1 to 61 m² USD 122,928 USD 2,080 16
3-room (two bedrooms) 93.6 m² USD 184,392 USD 1,970 13
Block A total 28.8 to 93.6 m² USD 61,344 USD 1,970 to 2,080 66

Korter’s own text adds a wrinkle: its description says studios start at 32 m², while its layout table starts at 28.8 m². The layout table agrees with the developer’s studio of 28.8 m², and this guide uses it. The count of 66 is Korter’s count of listed apartments in Block A, and no source says how many apartments the whole complex will have.

Brokers print their own price lists. They agree with Korter on the studio and one-bedroom and differ on the two-bedroom, and several print other entry prices. The table gives each indication with its date and does not choose between them. All are listing-site or broker indications and none is a Gumbati price list.

Source of price indications for Gumbati Strada Batumi Date What it prints
Developer (gumbati.ge) 13 Nov 2026 Apartments from $61 320; no type stated
Korter 25 Oct 2026 Studio from $61,344; one-bedroom from $122,928; two-bedroom from $184,392
realestatebatumi.ge List prices Sept 2026 Studio from $61,344; one-bedroom from $122,928; two-bedroom from $180,180, white frame; lowest asking price $1,925 per m²
batumi.estate Card dated 3 Oct 2026 Studios from $61,344; one-room from $122,928; two-room from $180,180; from $1,925 per m²
ProfitKey (pkp.ge) 13 Nov 2026 Studios from $54,000 (GEL 140,000 as shown); indicative $1,870 to $2,550 per m² depending on finish and floor, attributed by the broker to the developer’s materials
stradagumbati.ge 13 Nov 2026 Minimum entry “from 59 616” and initial contribution “from 14 904”; currency not printed
broker review on realestatebatumi.ge Read 13 Nov 2026, undated Studios from about $56,000; sea-view units from about $2,000 per m²; turnkey from about $2,600 per m²; a two-bedroom of 74 m² from about $148,500

The spread between the developer’s $61,320 and Korter’s $61,344 is USD 24, about 0.04 percent, and may simply reflect an exchange or rounding step. The lower entry figures of USD 54,000 and about USD 56,000 and the higher per-m² ranges belong to other dates, finishes or units that the pages do not specify. The broker review’s 74 m² two-bedroom matches no layout on the developer’s page and is shown only as printed.

The broker pages also publish a monthly series of lowest asking prices per m², which is not reproduced because the broker itself notes that the figure moves when cheaper units sell out.

The 25 percent and 48-month plan: terms by source and the arithmetic for each layout

The one commercial term the developer prints on the English page is a 25 percent initial payment followed by a 48-month instalment. Two other language versions and several brokers print variations. This section lays the terms side by side, then works out what the printed prices and percentages mean in dollars-and-cents arithmetic for each layout, using only figures that appear in the sources.

Gumbati Strada Batumi: source Date Down payment and instalment as printed
gumbati.ge, English page 13 Nov 2026 25 % initial payment; 48 month instalment
gumbati.ge, Georgian page 13 Nov 2026 25 % initial payment; instalment until April 2030
gumbati.ge, Russian page 13 Nov 2026 10 % initial payment; instalment until April 2030
stradagumbati.ge 13 Nov 2026 Instalment until May 2030; initial contribution from 14 904 on a minimum entry of 59 616; payment by bank transfer or cryptocurrency
realestatebatumi.ge Sept to Nov 2026 25 % down, then interest-free instalments to Gumbati until completion; TBC Bank has also offered mortgages
ProfitKey (pkp.ge) 13 Nov 2026 25 % per the developer’s currently published plan (earlier materials cite 30 %), interest-free instalments to completion, roughly 48 to 50 months
broker review on realestatebatumi.ge Read 13 Nov 2026 Up to 50 months with around a 20 % deposit
Korter 25 Oct 2026 Full payment, or a mortgage from TBC Bank shown in a calculator
gumbati.ge, home page 13 Nov 2026 Statistics block lists “0%” against “Investment-fee installment” for the company, without a project reference

Four down-payment figures appear across these rows: 10, 20, 25 and 30 percent. Two come from the developer’s own language versions, 25 percent in English and Georgian and 10 percent in Russian, so the developer’s pages themselves differ. Instalment end dates of April and May 2030 are also printed, which, counted back 48 months, would start in May 2026 or June 2026.

None of the pages says when the 48 months begin, whether they run from the contract date or from a fixed calendar date, or whether the instalment ends at or after handover.

Counting forward from the Korter handover quarter gives another view. The end of the second quarter of 2029 is 30 June 2029, which is ten months before 30 April 2030 and eleven months before 31 May 2030. If both figures are right, an instalment plan could run beyond a Q2 2029 completion. If the handover is later, as other sources print, the gap closes. This is arithmetic on dated differences and not a judgement, and the contract schedule settles it.

The next table divides each printed price by the layout’s area. The one-bedroom and two-bedroom rates match Korter’s printed rates exactly (2,080 and 1,970), which is consistent with Korter’s “from” price being the smallest layout multiplied by a rate. For the studio the calculated 2,130 differs from Korter’s printed from-rate of USD 2,030 per m², which therefore belongs to a larger studio in the 28.8 to 41.8 m² range and not to the 28.8 m² unit.

The last two rows assume that the entry figure refers to the smallest studio, which those pages do not state.

Layout and source Area used (m²) Price printed Price per m² (calculated) Rate printed by the source
Studio, developer headline 28.8 USD 61,320 2,129 None
Studio, Korter 28.8 USD 61,344 2,130 From 2,030 for the type
One-bedroom, Korter 59.1 USD 122,928 2,080 From 2,080
Two-bedroom, Korter 93.6 USD 184,392 1,970 From 1,970
Two-bedroom, realestatebatumi.ge and batumi.estate 93.6 USD 180,180 1,925 Lowest 1,925
Studio entry, stradagumbati.ge (currency not printed) 28.8 59,616 2,070 None
Studio entry, ProfitKey 28.8 USD 54,000 1,875 None

Two observations follow. First, the microsite’s minimum entry of 59,616 equals 28.8 m² multiplied by 2,070, and ProfitKey’s USD 54,000 equals 28.8 m² multiplied by 1,875; each equals the smallest studio at a different rate, and the pages do not say which unit or date their figure refers to. Second, a larger studio at Korter’s lowest studio rate of USD 2,030 per m² would cost about USD 84,854 at 41.8 m², which is a calculation and not a price any source prints.

The next table turns the 25 percent and 48-month terms into cash amounts. It assumes equal monthly payments, no interest and no fees, because no source prints a schedule. The figures are an illustration of the arithmetic and not a payment plan from the developer.

Layout (Korter from-price) Price (USD) 25 % initial payment Balance Monthly over 48 months
Studio 28.8 m² 61,344 15,336.00 46,008.00 958.50
One-bedroom 59.1 m² 122,928 30,732.00 92,196.00 1,920.75
Two-bedroom 93.6 m² 184,392 46,098.00 138,294.00 2,881.13

The percentage matters more than it looks. The same 28.8 m² studio at Korter’s price of USD 61,344 needs different cash at the four down-payment figures that the sources print, with the balance spread over 48 equal months in the same assumption.

Down payment (studio, USD 61,344) Initial payment (USD) Balance (USD) Monthly over 48 months (USD)
10 % (Russian page) 6,134.40 55,209.60 1,150.20
20 % (broker review, “around”) 12,268.80 49,075.20 1,022.40
25 % (English and Georgian pages) 15,336.00 46,008.00 958.50
30 % (ProfitKey, earlier materials) 18,403.20 42,940.80 894.60

Between the lowest and highest percentage the initial payment differs by USD 12,268.80 for the same studio. The currency of the payments, the date each instalment falls due, any surcharge for paying late and what happens to the balance at handover are all details of the contract and are listed in section 8. The developer’s FAQ says purchase is possible by internal instalment and, through partner banks, by mortgage. It names no bank, and the FAQ page lists none for Strada.

Residential and hotel apartments in one tower: operation, finish and equipment by source

The developer calls Strada a complex of residential and hotel apartments. Its apart-hotel page says that since 2019 Gumbati has launched hotel-type services in its projects, and that two facilities of the project “Gumbati Apartotel” are operating in the resort area of Batumi. Its FAQ page lists apartment management services for owners: lighting, cleaning and elevator operation in common areas, video surveillance, 24/7 security, apartment management (rental), concierge, administration, cleaning and laundry.

What the pages do not say is which floors or units of Strada are residential and which are hotel apartments, who operates the hotel apartments, or what terms a management agreement would carry. ProfitKey writes that hotel-type management is available through Gumbati’s in-house property-management division and tells readers to confirm the terms. No hotel brand is named for Strada by any source read, and none is implied here.

The finish is described in different words by each source. The developer’s English page prints no specification for Strada. The labels “premium frame condition” and “Renovated & Turnkey” appear in the page’s underlying data but not in its visible layout, so the table does not treat them as a specification.

Source Finish as described
Korter, 25 Oct 2026 “Premium frame”; partial finishing; utilities installed; partitions placed; screed floors; walls prepared; metal-plastic double-glazed windows in the base price
realestatebatumi.ge, Sept 2026 White frame handover: screed floors, plastered walls, partitions, wiring, windows; a fully finished option at extra cost
ProfitKey (pkp.ge), 13 Nov 2026 Premium (white frame, cosmetic finish and plumbing), Lux (painted walls, plumbing, kitchen, fitted bathroom) and Turnkey; 3 m ceilings after renovation; air conditioning in every unit
stradagumbati.ge, 13 Nov 2026 Green Frame (basic finishing, with renovation) and TurnKey (furniture and appliances); categories Standard, Deluxe and Lux
EVA Estate, 13 Nov 2026 “Turnkey” finishing and panoramic windows
Developer FAQ (all Gumbati projects) Green frame condition, or fully renovated with furniture and appliances

The sources use several names for the finish levels, and “premium frame” and “white frame” are used for what may be the same state. What the base price includes is therefore the first question for the sale contract: whether windows, balcony glazing, utilities connection points, screed and interior doors are in the price, and whether a Turnkey option is quoted per square metre or per unit.

Building feature Source and date Printed
Facade, windows, railings ProfitKey, 13 Nov 2026; realestatebatumi.ge, Sept 2026 Ventilated facade, aluminium doors and windows, glass balcony railings
Lifts Korter and ProfitKey Kone, Mitsubishi or Otis (Korter); Otis, Kone or Mitsubishi (ProfitKey)
Climate systems ProfitKey; EVA Estate VRF systems by Daikin or Mitsubishi, gas heating on floors 1 to 10 and split systems above (ProfitKey); “Gas: No” (EVA Estate)
Security and reception Korter; EVA Estate Reception, concierge, 24/7 security and video surveillance
Parking Korter; EVA Estate; realestatebatumi.ge Parking (Korter); underground parking (EVA Estate); a space sold separately (realestatebatumi.ge)
Pool, gym, spa realestatebatumi.ge; EVA Estate; Korter Pool, gym and spa in Block B (realestatebatumi.ge); outdoor pool, fitness centre and playground (EVA Estate); none listed (Korter)
Courtyard Korter; EVA Estate Landscaped courtyard with zoning (Korter); inner courtyard with pedestrian lane (EVA Estate)
Commercial premises Korter; realestatebatumi.ge Lower levels allocated to commercial use; shops and cafés

The pool, gym and spa illustrate how much the pages differ. One broker places them in Block B, which Korter lists as planned. Another lists a pool and fitness centre without a block, and Korter lists none. The developer’s page names none of them. Until a plan or contract schedule names the facilities, which block holds each and when each is due, the safe reading is that the facilities are described by third parties and not confirmed by the developer.

Location of Gumbati Strada Batumi: Sherif Khimshiashvili Street and the New Boulevard side

Strada stands on Sherif Khimshiashvili Street, on the New Boulevard side of central Batumi. Korter files the project in the Khimshiashvili district and describes the site as an area adjacent to the New Boulevard, an extended coastal line with walking routes. The developer’s page says only “in the heart of Batumi”.

EVA Estate calls the street the city’s central street, ProfitKey places the project in the “southern stretch” of the city, and realestatebatumi.ge describes Khimshiashvili Street as a busy main road. Korter says the complex is away from high-traffic highways. These are opinions of the sources and the table of distances below carries only numbers.

The city around the site is large and seasonal. The Wikipedia article on Batumi describes Batumi as the second-largest city in Georgia and the capital of the Autonomous Republic of Adjara, on the Black Sea about 20 km north of the Turkish border, with 246,300 residents in 2026 over 82.3 km² (the article cites Geostat; the Geostat publishes the national total of 3,941.1 thousand on 1 January 2026).

The same article gives a humid subtropical climate, an average annual temperature of about 14 °C, 5 °C in January, 22 °C in August and annual precipitation of 2,435 mm, with November the wettest month.

What this means for the site is practical. A tower on the New Boulevard side stands in a district of mid-rise buildings per Korter, close to the seafront. The climate figures show mild winters and a wet autumn, with November the wettest month, so a buyer who wants to judge the street can look at it in more than one season. The pages read for this guide print no noise measurements or flood-risk information for the street.

Distances are printed in metres and kilometres without saying whether they are straight-line or by road, and the sources disagree. The table lists each figure as printed.

Item Figure as printed Source and date
Sea or coast 100 m stradagumbati.ge, 13 Nov 2026
Sea or beach About 50 m broker review, read 13 Nov 2026
Sea or beach About 100 m batumi.estate, 13 Nov 2026
Sea or beach “Across the road” Korter, 25 Oct 2026
Sea or beach “Not a seafront resort” ProfitKey, 13 Nov 2026
New Boulevard 350 m stradagumbati.ge, 13 Nov 2026
Water park 170 m; Korter: Euro Park 10 to 15 minutes on foot stradagumbati.ge; Korter
Largest shopping mall 350 m (“largest mall”); batumi.estate gives Grand Mall about 350 m; Korter names the Metro City centre as nearby without a distance stradagumbati.ge; batumi.estate; Korter
Casino 650 m stradagumbati.ge, 13 Nov 2026
Bus stop 145 m; routes 1A, 2a, 3, 4, 10 and 10A, about every 10 minutes Korter, 25 Oct 2026
Airport 2 km (stradagumbati.ge, batumi.estate); about 3 km (ProfitKey); about 4 km (Korter, realestatebatumi.ge) Dates as above
Seaport and Argo cable car About 5 km Korter
Railway station and bus station About 8 km Korter

The airport figures show the spread: 2 km, 3 km and 4 km for the same building. The Wikipedia article on Batumi International Airport states that it is 2 km south of Batumi and 20 km from Hopa in Turkey, which describes the airport’s position relative to the city and not to Strada.

For a check that depends on map coordinates alone, the table below calculates straight-line distances from the coordinates Korter embeds in its page for Strada and the coordinates in the Wikipedia articles for the airport and the railway station. These are calculated by the great-circle formula, not measured on roads, and Korter’s coordinates are not from the developer.

Straight-line distance from Strada (calculated) Coordinates used Result Printed by the sources
Batumi International Airport 41.63258, 41.60523 (Korter) and 41.61028, 41.59944 (Wikipedia) About 2.5 km 2, 3 and 4 km
Batumi Central railway station 41.63258, 41.60523 and 41.65861, 41.67750 (Wikipedia) About 6.7 km Korter: 8 km

A straight line is shorter than a road, so a printed 4 km to the airport and a calculated 2.5 km straight line are compatible, and a printed 8 km to the station is compatible with 6.7 km straight. The Wikipedia article on Batumi railway station adds that Batumi Central opened in 2015, is combined with a bus terminal and shopping centre, and lies on the outskirts about 4 km from the Old Town.

A buyer who relies on a train or an intercity bus should check the real journey time instead of a distance.

For the daily radius, Korter lists a Jibe hypermarket, the Hopa market, Kaczynski Park, Lake Ardagani, the Batumi International University Hospital and the Dinamo Batumi arena as nearby. It gives no distances for these and no opening hours, so they are place names from the portal and not measurements. The Batumi listings covers the wider district and the Batumi apartment prices per square metre explains the Batumi price context.

Buying in Georgia: contract, registry, tax, residence and bank financing

The route into ownership starts with the right to buy. The developer’s page says a citizen of any country, as an individual or a legal entity, may register real estate, and that a remote purchase is possible by power of attorney. Georgian law supports the principle for an apartment: the restricted category is agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership reserves for the state, municipalities, citizens and certain Georgian entities.

A residential tower in a city is not agricultural land. The guide to whether foreigners can buy property in Georgia covers the background.

The transfer itself follows Article 183 of the Civil Code: the transaction is made in writing and the acquirer’s ownership right is registered in the Public Registry. For an unfinished building, a buyer should ask the developer and a lawyer what exactly is registered and when, because the unit does not yet exist as a finished object. The developer says registration takes 30 minutes and makes the buyer the full owner.

The registry (NAPR) publishes service times of four working days, one working day and the same day.

The registry’s fee for registering a change of right is GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing (NAPR fee table). At the National Bank rate of USD 1 = GEL 2.5935 on 13 November 2026 (National Bank of Georgia), these equal about USD 57.8, USD 104.1 and USD 135.0.

A registry extract costs GEL 20 in one working day, GEL 13 online, GEL 75 on the day and GEL 52 online on the day, with GEL 26 extra for an English version (NAPR information fees).

Step Who Cost or time as published Source
Receive the unit number, price list, area basis and draft contract Buyer, developer Not published for Strada Developer page
Order a registry extract for the plot Buyer, lawyer GEL 13 to 75 plus GEL 26 for English NAPR information fees
Sign the written contract Buyer, developer Terms in the contract Article 183 of the Civil Code
Pay by transfer to the company account (developer’s wording) Buyer Schedule not published Developer page
Register the right Buyer, NAPR GEL 150, 270 or 350 by speed NAPR fee table
Sign from abroad Buyer Power of attorney, or a booked virtual meeting through the registry smart-contract service

For a buyer outside Georgia, the Hague Conference status table records that Georgia acceded to the Apostille Convention with effect from 14 May 2007, which makes an apostilled power of attorney the usual document. The registry also runs an online smart-contract service with a booked virtual meeting. Which route the developer accepts is a question to put in writing. The step-by-step view is in the guide to how to buy property in Georgia.

Tax comes next, and the rules for individuals changed on 30 September 2026. The Tax Code text on matsne.gov.ge lists Law No. 1874 of 30 September 2026 in its amendment history. Article 202(5) now fixes the rate for a natural person’s taxable property other than land between 0.8 and 1 percent of its market value on the last day of the preceding year.

Article 206(1)(a) removes the charge for a family whose income in the preceding year stayed at or below GEL 100,000. The EY Georgia Tax and Law Brief for July to September 2026 reports the same change and the earlier threshold of GEL 40,000. Older guides still show the earlier text, so a check of the date matters.

As an illustration only, a studio priced at USD 61,344 is about GEL 159,100 at 2.5935, so 0.8 to 1 percent would be roughly GEL 1,273 to 1,591 a year for a family above the income line if the market value equalled the price. The tax authority sets the market value, and a family at or below GEL 100,000 income pays nothing.

The Code requires a return by 1 November and payment by 15 November (Article 205), and Article 201 reaches real estate “including an unfinished construction”. Whether an off-plan buyer counts as holder depends on the contract and the registry record. The Revenue Service property tax page has a calculator and the guide to property tax in Georgia explains filing.

Rent and resale are taxed separately. Article 81 puts rent from residential space received by an individual with no deductions at 5 percent and the surplus from supplying a residential apartment at 5 percent, against a general personal rate of 20 percent. Article 82 excludes the surplus from the sale of a residential apartment owned for more than two years. Article 166 sets VAT at 18 percent, so a contract should state whether a quoted price includes it.

A unit registered as non-residential or hotel-type may fall under different treatment, which is a question for a tax adviser and for the registry record of that unit.

Residence is a separate application. The Public Service Development Agency describes a short-term residence permit for an alien who holds title to non-agricultural immovable property with a market value exceeding USD 150,000 equivalent in lari, assessed by a certified assessor of an accredited body. The Law on the Legal Status of Aliens and Stateless Persons repeats the test in matching terms. At the rate above, USD 150,000 is GEL 389,025.

The test is the assessed value of the property and not the contract price, and a value of exactly USD 150,000 does not exceed the line. The guide to the residence permit in Georgia describes the application.

Set against the layouts, the from-prices Korter prints for the studio (USD 61,344) and the one-bedroom (USD 122,928) are below USD 150,000, and the from-price for the two-bedroom (USD 184,392) is above it. That comparison only places the printed prices against a number. The assessor’s value decides, and a purchase of several units is a question for the permit authority and a lawyer.

Item Rule Source
Property tax, individual 0.8 to 1 percent of the year-end market value; exempt if the previous year’s family income did not exceed GEL 100,000; return by 1 Nov, payment by 15 Nov Tax Code arts. 202(5), 205, 206(1)(a)
Rent, individual 5 percent on residential rent with no deductions; 20 percent general rate Tax Code art. 81
Sale of an apartment 5 percent on the surplus; surplus excluded when a residential apartment was owned over two years Tax Code arts. 81(3), 82(1)(f.a)
VAT 18 percent Tax Code art. 166
Short-term residence permit Non-agricultural property with market value exceeding USD 150,000 equivalent in GEL Public Service Development Agency
Mortgage limits Loan to value 90 percent for GEL loans and 70 percent for foreign-currency loans National Bank of Georgia PTI and LTV page

On financing, Korter shows a calculator for a TBC Bank mortgage with a rate “from 7.4 percent” nominal and 8.3 percent effective, linked to the Term SOFR index, and ProfitKey names Bank of Georgia as the project’s bank partner and says bank financing begins only after elevators are installed. TBC’s Batumi page and Bank of Georgia’s mortgage page, read on 13 November 2026, do not mention Gumbati, and no bank page naming Strada was found.

The National Bank of Georgia PTI and LTV page sets loan-to-value limits of 90 percent for lari loans and 70 percent for foreign-currency loans, and banks decide on non-resident applicants. The guide to mortgages in Georgia for foreigners covers the options.

What to ask for in writing before reserving

The developer’s page prints a price from, three layouts and a payment plan in two figures. A reservation for a flat in Gumbati Strada Batumi needs more, and each item below is an ordinary request a buyer can make before paying a deposit. The list follows from the gaps shown in sections 2 to 7.

  1. The price list with unit numbers, floors, areas and the exact price of the unit, in the currency of the contract, and the basis on which the area is measured.
  2. The street address and the cadastral number of the plot, checked against a Public Registry extract, since sources print house numbers 39 and 43.
  3. The handover date written into the contract, the definition of handover, and what happens if it is not met; the sources print Q2 2029 to summer 2030.
  4. The full legal name and registration details of the entity that signs the contract (the site names Gumbati Group LLC, one broker names Gumbati Holding) and its link to the owner of the plot.
  5. The building permit and the permitted number of blocks and floors, so that the one-complex and two-block descriptions can be matched to a document.
  6. Which unit is residential and which is a hotel apartment, how each is registered, and the tax and operating rules that follow from that.
  7. The payment schedule: the initial payment (the pages print 10, 20, 25 and 30 percent), each instalment and its date, when the 48 months begin, and any fee or surcharge.
  8. How payments are held: an escrow or payment account at a bank, or a direct payment to the developer, and the receipt given for each payment.
  9. Whether payment in cryptocurrency, which one microsite mentions, is accepted for the contract, and how it is valued and receipted.
  10. What the finish includes in the quoted price, using the terms of the contract and not a marketing label: windows, balcony glazing, utilities points, screed, interior doors, air conditioning.
  11. If a Turnkey or renovation option is offered, its price per unit or per m², the specification and the delivery date.
  12. Which block holds the pool, gym, spa, courtyard and parking, when each is due, and whether a parking space is sold with the flat or separately.
  13. The management terms for hotel-type apartments, if any: who operates, the fee, the contract length and how to exit.
  14. The service-charge arrangement for shared areas, security, concierge and lifts, and the amount per square metre.
  15. Whether a mortgage is possible for this project, with which bank, and what the bank requires from a non-resident; a bank partner is relevant only if the bank itself confirms it.
  16. The way ownership is registered after handover and the split of the registration costs between buyer and developer.

The answers belong in the contract or in a signed schedule to it, because a web page may change without notice. The refund terms of a reservation deposit should be read before the form is signed.

How Gumbati Strada Batumi sits among the other Gumbati projects and nearby Batumi listings

Gumbati lists five current projects on gumbati.ge, and the projects page shows them in one place. The first table sets Strada beside the other four using the developer’s own descriptions and the main figures its pages or feed print. The comparison is of what is published and does not say that one project is better than another.

Gumbati project Location as published Building as described by the developer Developer-printed headline (13 Nov 2026)
Strada (this page) Sherif Khimshiashvili Street, Batumi 31-storey mixed-use, residential and hotel apartments Apartments from $61 320; 25 % initial payment; 48-month instalment; no flats in the feed
Gumbati Montemar Batumi Gonio, Batumi municipality 16-storey hotel-type complex Apartments from $100 000; 20 % initial payment; 48-month instalment
Gumbati Midtown Batumi Batumi, Vakhtang Gorgasali Street (Korter) 14-storey residential building No price on the developer page
Gumbati Portline Batumi Tengiz Makatsaria Street, Batumi 23-storey; 309 apartments (developer) Flat feed shows stock; prices as in the linked guide
Gumbati Boulevard Point Batumi New Boulevard, Batumi Apart-hotel; 377 apartments (developer) Flat feed shows stock; see the linked guide

Strada is the only one of the five whose flat feed is empty. At Midtown, Portline and Boulevard Point the developer’s page or feed shows apartments by status, and the linked guides report the counts as of 13 November 2026. Strada’s stock figures come from Korter and brokers and are labelled so throughout this page.

Other listings on the same side of Batumi are shown below for context. They are by other developers, their own pages are the source of their figures, and the numbers below come from the linked guides, each with its own date. Several print no price, which is why Strada’s from-price cannot be put on a single scale with them.

Nearby Batumi listing Area as published Published entry price or note Handover or status as published
NEXT Magnolia Batumi Near the New Boulevard From USD 49,000 per the developer page December 2028
Archi Ramada Batumi New Boulevard archi.ge prints no price; third parties print indications Not printed by the developer
Orbi Millennium Batumi New Boulevard The developer’s page prints no price Not printed by the developer
Avenue by Orbi Batumi Heroes Alley No developer price; Korter from USD 1,800 per m² (9 Nov 2026) Q4 2026 per Korter
NEXT Address Batumi Alley of Heroes Studio from USD 68,000 without renovation (8 Nov 2026) December 2028

The wider market context is in the guides on off-plan property in Batumi and on Batumi apartment prices per square metre, and the whole portfolio is on the Georgia portfolio.

Pricing in the nearby listings and in this project differs in kind as well as in level. Some developers print a total for the smallest unit, some a rate per m², and some nothing at all. Comparing the figures in the tables above without that caveat compares unlike things.

Gumbati Group (developer)

This section uses only what Gumbati’s own pages and neutral sources state. The developer’s About page says the development and construction company “Gumbati” was established in 1998, initially in reconstruction and repair, that it has been deeply involved in real estate development since 2005, that in 2019 it began offering hotel-type services within its residential properties and that in 2020 it started the construction of hotel-type apartments. The same page says the company holds ISO 9001:2015 certification in quality management.

The statistics block on the home page lists 15+ development projects, 26+ years of experience, more than 1,000,000 square metres built, 300+ employed professionals and “0%” against “Investment-fee installment”. These are the developer’s own figures. Korter’s developer page reports different figures for the same company (6 completed projects and 500,000 m² developed), and the two sets are shown as dated differences, since they may count different things.

The privacy policy names the company as Gumbati Group LLC, in a definition of the “Company” for the website. No project-specific legal entity for Strada is named on the developer’s pages, and EVA Estate lists Gumbati Holding as the developer of Strada. The legal entity that signs a sale contract is therefore an item for section 8.

The projects page of the developer shows five current projects (Strada, Montemar, Midtown, Boulevard Point and Portline by Gumbati) and completed ones, including Gumbati Residence, Gateway to the Boulevard, Vere District, Vake Residence, Gumbati in Tamarashvili, Gumbati in Alley, Gumbati in Gorgasali, Subtropic City and Gumbati in Bakuriani. The company’s in-house divisions named on its pages are Gumbati Art (renovation and amenities) and Gumbati Design (interior design).

No architect is named for Strada, and no hotel brand or bank partnership for it was confirmed on a partner’s own pages.

Frequently asked questions

Where is Gumbati Strada Batumi?

It is on Sherif Khimshiashvili Street in central Batumi, on the New Boulevard side. The developer’s page prints no number. Four sources print 39 and Korter prints 43, so the registry extract for the plot is the check. Korter files it in the Khimshiashvili district.

What does a flat in Gumbati Strada Batumi cost?

The developer prints “Apartments from $61 320” and no price for any single flat. Korter, on 25 October 2026, prints studios from USD 61,344, one-bedrooms from USD 122,928 and two-bedrooms from USD 184,392. Brokers print a two-bedroom at USD 180,180. These are listing-site indications and not a developer price list.

When will Strada be finished?

The developer’s English page prints no handover date. Korter prints the second quarter of 2029 for Block A, EVA Estate the fourth quarter of 2029 and ProfitKey the summer of 2030, and the developer’s Georgian and Russian pages end the instalment plan in April 2030. The binding date is whichever one is written into the contract.

How many apartments are there?

No source gives a total for the complex. Korter lists 66 apartments for sale in Block A, made up of 37 studios, 16 one-bedrooms and 13 two-bedrooms, and the developer’s flat feed holds no flats for Strada. A permit or unit schedule would show the total.

How does the 25 percent and 48-month plan work?

The developer’s English page prints a 25 percent initial payment and a 48-month instalment, and does not print the schedule. The Russian page prints 10 percent, and brokers print 20 and 30 percent. On a USD 61,344 studio, 25 percent is USD 15,336 and the balance over 48 equal months would be USD 958.50, as arithmetic only.

Is Gumbati Strada Batumi residential, hotel or both?

The developer calls it a complex of residential and hotel apartments. It does not say which units are which or who operates the hotel apartments. No hotel brand is named for Strada. The status of a unit, and the management terms, are items to obtain in writing.

Can a foreigner buy here and get a residence permit?

An apartment can be owned by a foreigner in Georgia, once the right is entered in the Public Registry. The Public Service Development Agency describes a short-term residence permit for non-agricultural property with an assessed market value exceeding USD 150,000 equivalent in lari. What counts is the assessor’s value and not the price in the contract.

What property tax would apply?

Under the version in force since 30 September 2026, a family with income of up to GEL 100,000 in the preceding year owes nothing on property other than land. Above that line the rate lies between 0.8 and 1 percent of market value at the previous year-end. The return falls due on 1 November and payment on 15 November.

Is a mortgage available for this project?

Korter shows a TBC Bank calculator and ProfitKey names Bank of Georgia as partner, but no bank page naming Strada was found. The National Bank of Georgia sets loan-to-value limits of 90 percent for lari loans and 70 percent for foreign currency. ProfitKey writes that bank financing begins after elevators are installed.

What does the gumbati.ge flat selector show for Strada?

Nothing. On 13 November 2026 its public feed returned no flats, types, blocks or floors for Strada, while the same call returned 720 records for Montemar. Stock and prices for Strada therefore come from Korter and brokers and carry their dates.

Sources and last check

Last checked: 13 November 2026. Sources:

Straight-line distances, per-flat totals, per-m² rates, instalment illustrations and tax illustrations are calculated from the figures named in the text and are not published prices. This is not legal, tax or financial advice.

  • City Batumi
  • Country Georgia

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Zhamal Abdykozhoeva
  • Zhamal Abdykozhoeva

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Zhamal Abdykozhoeva
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