Mardi City Center Batumi: Status, Sizes and Prices (2026)
33 Pushkin Street, Batumi, Georgia
Asks from $86,100
Description
Mardi City Center Batumi is a residential and commercial complex of three 20-floor blocks at 33 Pushkin Street in the Bagrationi district of Batumi, Georgia, developed by Mardi Holding. The property portal Korter lists the three blocks as under construction with completion in Q4 2028 (availability data dated 26 October 2026), and batumi.estate gives 1 December 2028. Portals also use the name Mardi Mall for the complex.
This guide sets out what the developer publishes about Mardi City Center Batumi, what portals quote for sizes and prices, where the sources disagree and what a buyer can check.
All facts, prices and rules are stated as of 5 November 2026, and conversions use the National Bank of Georgia official rate valid from that date, USD 1 = GEL 2.5958. The developer’s project page carries no price, floor-area or completion field and Mardi Holding publishes no price list for the project, so the prices below are asking prices seen on portals, with the site and the date of each.
Section 7 sets the quoted rates against the Georgian residence-permit threshold, which is USD 150,000 in the law and on the Public Service Development Agency’s page.
Contents
Overview of Mardi City Center Batumi
Mardi Holding’s project page describes the complex as a modern multifunctional residential complex located deep in the residential sector, with a shopping centre inside the building. Its fact line reads 20 floors, 3 buildings with separate entrances, panoramic city and mountain views, 600 metres to the sea, underground parking for 60 lots and a terrace. The address given is Pushkini 33, Batumi, Adjara, postal code 6010. Those are the only hard facts on the page: it gives no unit mix, no floor areas, no prices and no completion date.
The remaining detail comes from portals that quote the developer’s sales information. Korter describes three 20-storey blocks above a shared lower volume, with a monolithic reinforced-concrete frame, pumice-block walls, double-glazed windows and 3.0 m ceilings. batumi.estate describes the same 20-storey complex as three residential blocks plus three commercial levels, with about 400 apartments mainly on floors 4 to 20 and six lifts, two per block. Where the portals give different numbers, the tables in this guide show each figure with its source rather than choosing one.
The name needs a note. The developer writes Mardi City Center. Korter’s web address and several directories use Mardi Mall for the same street address, and a 2018-2019 listing on gege24.com writes MARDI Citi Center and describes Mardi Mall as the shopping and entertainment part. Treat Mardi Mall and Mardi City Center Batumi as one address when reading portal pages, and confirm with the sale contract which building and which block it names.
Mardi City Center Batumi key facts
As published or found (read on 5 November 2026)
Developer
Mardi Holding; the project is listed on mardi.ge and on Korter’s and batumi.estate’s developer pages
Names in use
Mardi City Center (developer, Korter, batumi.estate); Mardi Mall (Korter address slug, Madloba, gege24.com); MARDI Citi Center (gege24.com)
Address
Pushkini 33, Batumi 6010, Adjara (developer); 33 Alexander Pushkin Street / Alexander Sulaberidze Street, Bagrationi district (batumi.estate)
Map position
41.6436 N, 41.6429 E: OpenStreetMap building outline named Mardi City Center; the developer’s map link carries 41.6436375, 41.6429251
Blocks
3 buildings with separate entrances, 20 floors each (developer); named A, B, C on Korter and A, B, G on batumi.estate
Commercial part
Shopping centre inside the building: 4 storeys (developer), 3 storeys (Korter), 3 commercial levels (batumi.estate)
Apartments
About 400 (batumi.estate; Korter’s sales text); 320 (Korter’s characteristics list)
Sizes
21.4 to 149.8 m² (batumi.estate); 41.7 to 149.8 m² among units on Korter’s availability list of 26 October 2026
Finishing
Black frame and turnkey (Korter, batumi.estate)
Status
Under construction; start Q1 2017 and completion Q4 2028 (Korter); completion 1 December 2028 (batumi.estate)
Parking
Underground, 60 spaces, plus courtyard parking (developer, Korter)
Distance to the sea
About 600 m (developer, Korter, batumi.estate); 750 m (worldestate.homes)
Price
No price list from the developer; asks seen on portals in section 3
Contact details
Not reproduced
Unit types and sizes: what the sources list
The developer’s page names no unit types. The portals do, and they do not use the same labels. batumi.estate sorts the units into studios, one-bedroom, two-bedroom, three-bedroom and four-bedroom apartments and prints sizes as total area including balcony. Korter sorts them into one-room, two-room and three-room layouts and shows only the units currently on sale, with the count of each. The table keeps the two lists apart.
Type
Size as listed
Source and date
Count or price shown
Studio
About 21.4 to 24.9 m²
batumi.estate, page showing 8 October 2026
Turnkey price subject to availability
One-bedroom
From about 38.4 m²; larger versions to about 69-70 m²
batumi.estate
Turnkey from about USD 86,100
Two-bedroom
From about 60.7 m²
batumi.estate
Turnkey from about USD 133,540
Three-bedroom
From about 93.4 m²
batumi.estate
No price printed
Four-bedroom
Up to about 149.8 m², balcony included
batumi.estate
No price printed
1-room
41.7 to 69.7 m²
Korter, availability as of 26 October 2026
9 apartments, price upon request
2-room
70.9 to 77.6 m²
Korter, availability as of 26 October 2026
7 apartments, price upon request
3-room
93.8 to 149.8 m²
Korter, availability as of 26 October 2026
4 apartments, price upon request
Whole project, Korter characteristics
22 to 124.6 m²; the sales text says a minimum of 21 m² and up to 134 m² for two- and three-room units
Korter
320 apartments; the sales text says 400
Three points follow from the table. First, the Korter availability list adds up to 20 apartments (9 + 7 + 4). Against Korter’s own total of 320 that is 6.3% of the apartments, and against the 400 in its sales text it is 5.0%. batumi.estate describes the remaining developer inventory as limited, which is consistent with a small share on sale, but neither portal says how many of the apartments are sold.
Second, the size ranges overlap rather than match. Korter’s three-room range of 93.8 to 149.8 m² covers what batumi.estate calls three-bedroom and four-bedroom units, and Korter’s characteristics list gives a largest area of 124.6 m² while its own layout list reaches 149.8 m². The largest advertised unit is 7.0 times the smallest (149.8 divided by 21.4), so a single price per square metre cannot describe the whole building.
Third, area figures on portals are usually total area. The sale documents should show the internal (net) area, the balcony or terrace area and the way each is measured, and the registry extract for the finished unit shows the registered area, which should be compared with the contract.
Before any deposit, a buyer can request the following in writing for the specific apartment:
The block (A, B or C), floor, unit number and layout name, with a dimensioned floor plan
Net and total area, with balcony and terrace areas stated separately
Whether the price is for black frame or turnkey, and the written specification of that finishing
The orientation and view category the price assumes (sea, mountain or city)
The allocation of any parking space or storage, and whether it is part of the same registered unit
The count of apartments by type in the block, and the number still unsold
The handover date in the contract and the consequence of delay
Prices quoted in the market for Mardi City Center Batumi
Mardi Holding’s project page shows no price for the complex and the developer publishes no price list for it. The prices that circulate come from three portals, and each is a snapshot taken on a date the portal may not state. They are presented here as asking prices seen on those sites on the dates given, not as developer prices, and no average is drawn from them.
Mardi City Center Batumi: source and date
Type of figure
What it prints
Korter, availability as of 26 October 2026
Portal “from” rate
From USD 1,700 per m²; price upon request for each layout group; 20 apartments listed
batumi.estate, page showing 8 October 2026 (the date carries no label)
Portal rates and unit asks
Black frame from about USD 1,400 per m², current range to about USD 1,750; turnkey from about USD 2,050, current range to about USD 2,400; one-bedroom of about 38.4 m² turnkey from about USD 86,100; two-bedroom of about 60.7 m² turnkey from about USD 133,540
worldestate.homes, undated
Aggregator “from”
From USD 51,988 for a minimum area of 21.4 m²; its page title reads from USD 29,960; same per-m² ranges as batumi.estate; 750 m to the sea
mardi.ge, 5 November 2026
Developer
No price
The three portals agree on the shape of the pricing even where their totals differ: a lower rate for black frame and a higher one for turnkey, and a rate that varies with floor, view and size. The aggregator’s two headline numbers can be reconciled with the batumi.estate rate: 21.4 m² at USD 1,400 per m² is USD 29,960, which is the figure in the aggregator’s page title, while the USD 51,988 in its body is not explained by any rate printed on the page.
A reader comparing asks should therefore note whether a figure is black frame or turnkey and whether it is a total or a rate.
The two unit asks on batumi.estate can be turned into rates with simple division. USD 86,100 divided by 38.4 m² is USD 2,242 per m², and USD 133,540 divided by 60.7 m² is USD 2,200 per m². Both sit inside the portal’s own turnkey range of USD 2,050 to USD 2,400, which is a useful internal check on the page. At the National Bank of Georgia rate of 5 November 2026 (USD 1 = GEL 2.5958), USD 86,100 is GEL 223,498 and USD 133,540 is GEL 346,643.
The next table applies the published rates to sizes that appear in the sources. It is arithmetic on advertised rates, not an offer, and the real price of any apartment depends on floor, view and block.
Area (calculated from the advertised rates)
Black frame at USD 1,400 / 1,750
Turnkey at USD 2,050 / 2,400
At Korter’s from-rate of USD 1,700
21.4 m² (smallest studio)
USD 29,960 / 37,450
USD 43,870 / 51,360
USD 36,380
38.4 m² (smallest one-bedroom)
USD 53,760 / 67,200
USD 78,720 / 92,160
USD 65,280
60.7 m² (smallest two-bedroom)
USD 84,980 / 106,225
USD 124,435 / 145,680
USD 103,190
93.4 m² (smallest three-bedroom)
USD 130,760 / 163,450
USD 191,470 / 224,160
USD 158,780
149.8 m² (largest)
USD 209,720 / 262,150
USD 307,090 / 359,520
USD 254,660
For market context, Galt & Taggart’s Batumi review for 2025, as reported by Investor.ge on 20 April 2026, puts the average turnkey price in Batumi at USD 1,865 per m² (USD 1,699 in 2024 and USD 1,569 in 2023), with Old Batumi above USD 3,000 and peripheral zones below USD 1,500. Against the USD 1,865 average, the turnkey range quoted for the complex is 9.9% to 28.7% higher (2,050 and 2,400 divided by 1,865), and Korter’s from-rate of USD 1,700 is 8.8% lower.
The comparison is only partly like for like: the average covers the surveyed city market, it is a 2025 figure, and a black-frame rate is not a turnkey rate. The guide Batumi apartment prices per square metre compares the Georgian listings on this site with the same Galt & Taggart average.
Payment terms are quoted differently by each source, and the developer’s own wording is company-wide rather than specific to this project.
Source
Down payment
Instalment period
Other terms
batumi.estate (project page)
30%
Remaining 70% over up to 20 months, interest-free
Splits by size printed as 70/30 below 70 m², 60/40 for 70-100 m², 50/50 above 100 m² (the page does not say which number is the down payment); discount of up to 7% for full payment, subject to commercial approval
Korter
30%
Loan term up to 1 year
In-house instalment plans; a TBC Bank mortgage mentioned in its questions
Mardi Holding home page (company-wide FAQ)
30%
Interest-free, up to 36 months
5% discount for a single payment
batumi.estate prints a worked example for the USD 86,100 one-bedroom: a 30% down payment of USD 25,830 and then USD 3,014 a month for up to 20 months. The arithmetic holds: 30% of 86,100 is 25,830, the remaining 70% is 60,270, and 20 payments of 3,014 come to 60,280, a USD 10 rounding difference. The instalment period matters for the total cost only if the contract adds interest or a currency clause, so the schedule, the currency of each payment and the exchange rate used belong in the contract.
The guide Off Plan Property in Batumi sets out the registry and financing checks that apply to payment schedules.
Location of Mardi City Center Batumi: Pushkin Street, Bagrationi district
The complex stands at 33 Pushkin Street, on the corner with Alexander Sulaberidze Street according to batumi.estate, in the Bagrationi district of central Batumi. mardi.ge describes it as deep in the residential sector, and Korter describes an established urban area with shops, services, restaurants and public transport, and with low-rise buildings standing beside taller ones. The map position used in this guide is the OpenStreetMap building outline, 41.6436 N, 41.6429 E, which matches the coordinates in the developer’s own map link to four decimal places.
Batumi is the main city of the Adjara region. The 2024 census, as reported by Civil Georgia from Geostat, counted 235,668 people in Batumi, 54.2% more than in 2014, and 3,929,581 in Georgia as of 14 November 2024. The same Galt & Taggart review that gives the city average also describes a market of 17,478 apartment sales in 2025 and foreign buyers at 52% of those sales.
Those are city-wide figures; the review as reported by Investor.ge gives zone figures for Old Batumi and for peripheral zones, and neither is a figure for the Bagrationi district.
Distances in the sources are given in minutes without a stated route or time of day, so this guide adds two measurements of its own. Straight-line distances are calculated from the map position with the haversine formula. Road and walking distances come from the public OpenStreetMap router, run on 5 November 2026 (request examples: car profile and foot profile). They are indicative, take no account of traffic, and the router’s walking time is a calculation, not a timed walk.
Place (distances from the Mardi City Center Batumi map position)
Straight line
Road or walking route (router, indicative)
What the sources print
Europe Square, Old Batumi
0.99 km
1.19 km by car, 2.7 min; 1.16 km on foot, 15.5 min
No distance published
Batumi Boulevard (OpenStreetMap reference point)
1.31 km
2.13 km by car, 5.2 min; 1.55 km on foot, 20.7 min
Sea about 600 m (developer, Korter, batumi.estate); 750 m (worldestate.homes); about a 7-minute walk to the seafront (Korter)
Shota Rustaveli State University
1.46 km
2.11 km by car, 5.0 min; 1.88 km on foot, 25.1 min
No distance published
Batumi Referral Hospital
1.82 km
2.82 km by car, 3.8 min; 2.06 km on foot, 27.5 min
Hospital 10 minutes (worldestate.homes)
Batumi Central railway station (Nobel Brothers Street)
3.33 km
4.72 km by car, 7.2 min
Batumi Central transport hub about 5 km (Korter)
Batumi International Airport
5.15 km
8.15 km by car, 10.6 min
About 15 minutes by car (Korter); 20 minutes (worldestate.homes)
Nearest bus stop
–
–
120 m; minibuses 441 and 442 and bus 7a at 10-15 minute intervals (Korter)
The sea distance deserves a comment because it changes with the reference point. The developer, Korter and batumi.estate all give about 600 m, and Korter converts that to a seven-minute walk. The router’s walking route to the OpenStreetMap reference point for Batumi Boulevard is 1.55 km and 20.7 minutes, which is a different measurement: a point on the boulevard is not necessarily the nearest water. A buyer who cares about the walk to a particular beach can measure that walk to that beach from the entrance of the chosen block.
For daily needs the portals list shops, restaurants, a pharmacy, beauty services and a spa among the planned or operating tenants of the building’s commercial levels, and Korter notes that shops, services and restaurants operate in the surrounding area. Madloba lists a JYSK furniture store at 33 Pushkin Street, open daily from 10:00 to 19:00, in an entry updated on 24 September 2026, and batumi.estate names JYSK and ICR Home as commercial brands associated with the development. OpenStreetMap lists furniture and interior-decoration shops at the same address.
These entries show that part of the address already trades, which is a separate matter from the delivery date of the apartment blocks.
Transport details come mainly from Korter, which lists the nearest stop at 120 m, a major road with regular bus services about 260 m away and a passenger terminal used for intercity travel 3 km away. The router distance to Batumi Central railway station (4.72 km by road) is close to Korter’s 5 km for the central hub.
The router’s 10.6 minutes by car to the airport is shorter than the 15 minutes Korter gives and the 20 minutes on worldestate.homes, and the difference reflects two methods, a router calculation and a quoted travel time. The Batumi city page lists every Batumi project on this site, and the Georgia country page covers the national context.
Three 20-floor blocks: status, completion date, finishing and facilities
The most important fact for a buyer is the stage of construction, because sources give different dates and the difference decides what is being bought: a finished apartment or a contract for a future one. The table sets out every date found, with its origin.
Source
Date of the source
Statement
Mardi Holding project page
Read 5 November 2026
20 floors, 3 buildings; no completion date or status field
Mardi Holding completed-projects page
Read 5 November 2026
Thirteen projects carry “Completed In” years from 2013 to 2024, Mardi Stadium among them with 2024; Mardi City Center appears in the project grid with no year
Korter
Availability as of 26 October 2026; progress photos updated October 2026
Blocks A, B and C each 20 floors, “Under construction”, start Q1 2017, completion Q4 2028
batumi.estate
Page showing 8 October 2026
Completion 1 December 2028; 20 floors
worldestate.homes
Undated
Construction “scheduled to be completed in December 2028”
Korter’s developer page
Read 5 November 2026
Mardi City Center among 3 current projects, completion in Q4 2028; 14 completed projects
gege24.com listing
Reader comments dated 29 December 2018 and 4 January 2019
Read together, the sources dated 2026 give a consistent picture: the three blocks are under construction, and the stated completion is December 2028 or Q4 2028. Counting from 5 November 2026 to 1 December 2028 is about 25 months. The two sources that give a start (Korter and OpenStreetMap) place it in 2017 or Q1 2017, so the stated build period is close to twelve years from start to completion.
The older entries are from earlier plans: a 2018-2019 listing describing 15 floors and a Q4 2024 completion, and a map tag with a June 2025 end date. Both predate the 2026 entries, and neither is the developer’s current statement.
Block and apartment counts
The count of apartments is stated three ways: 320 (Korter’s characteristics), 400 (Korter’s sales text) and about 400 (batumi.estate). Divided by three blocks, 320 is about 107 apartments per block and 400 is about 133. batumi.estate says the apartments sit mainly on floors 4 to 20, which is 17 residential floors per block, so the average is about 6.3 apartments per floor on 320 and about 7.8 on 400. These are calculated averages, not plan data.
With six lifts in total, two per block as batumi.estate prints, the figures are about 53 apartments per lift on 320 and 67 on 400. The sale documents should state the exact number of apartments in each block.
The commercial base
Every source describes a commercial base under the residential blocks, and every source counts its levels differently: four storeys (developer), three storeys (Korter) and three commercial levels (batumi.estate). Korter says the lower levels hold commercial premises and a three-storey shopping and entertainment centre, with shops, restaurants and cafes, a pharmacy, beauty salons, spa services, offices and a rooftop terrace on the upper level of the commercial section. The developer lists the shopping centre as part of the building.
The commercial part matters to a buyer in two ways: it sets the noise, access and delivery pattern at the foot of the blocks, and it affects the service charge and the shared-property arrangements, because a mixed-use building has residential and commercial users under one roof.
Parking and lifts
The developer, Korter and the 2018-2019 listing all give underground parking for 60 vehicles, with additional courtyard spaces. Sixty spaces for 320 apartments is 0.19 spaces per apartment, and for 400 apartments it is 0.15, before any use by the commercial levels. These are calculated ratios from the published counts. The allocation rules, the price of a space and whether a space is registered with the apartment are questions for the contract.
Finishing: black frame and turnkey
Korter defines the two handover conditions. In black frame the main structural works are complete, the windows and entrance door are installed, and the load-bearing walls and partitions are in place, but engineering networks and decorative finishes are not included and the owner completes them. Turnkey apartments are handed over fully finished and ready for use, with the exact scope of finishing, furniture and equipment depending on the selected unit and the applicable specification.
The developer’s company-wide FAQ uses the term white frame for a similar stage and describes turnkey as fully finished with furniture and appliances; the stage names are not standard across sellers, so the contract annex should list what is installed.
Facilities
The facilities named by the sources are underground and courtyard parking, security and CCTV with controlled access to the residential entrances, a gym (batumi.estate), a children’s playground, bicycle paths and a landscaped courtyard (Korter), a rooftop terrace on the commercial level, low-noise lifts and professional management of the common areas (Korter). The amenity lists of the developer and the portals do not include a swimming pool or a sauna.
Facilities that are described in the future tense belong to the finished project, and the ones that matter to a buyer should appear in the specification annex of the contract.
A buyer can use the following order of checks to settle the status of a unit in a building of this kind:
Ask the seller for the construction permit for the block that contains the unit, and compare its issue date and stated completion with the date in the contract.
Obtain a National Agency of Public Registry extract for the land plot and the building, and read the owner, the registered rights and any mortgage or other encumbrance.
Check whether the buyer’s right to the unit is recorded in the registry as a preliminary registration or a registered obligation, and on what date.
Compare the handover date in the contract with the portal dates, and read the clause that sets the remedy for delay.
Ask for the commissioning (acceptance) documents of the block when it is completed, and for the registration of the unit as a separate object.
Take the finishing specification as a contract annex, and record the condition of the unit in a handover protocol.
Buying an apartment in Georgia in brief: steps, fees and taxes
Foreign citizens can buy apartments in Georgia. The main restriction on foreign ownership concerns agricultural land, which does not arise in an apartment purchase; the Georgian residence-permit rule itself excludes agricultural land from qualifying property. Mardi Holding’s company-wide FAQ says the agreement for a foreign buyer is prepared in two languages, Georgian and the buyer’s preferred language, that both copies hold legal force, and that a foreign buyer needs a passport and a document confirming the amount payable, with no requirement to be in Georgia.
Written agreement; for a foreign buyer prepared in Georgian and in the buyer’s language (developer FAQ)
Payment schedule, currency, delay remedy and specification in the contract
4. Payments
Instalments or single payment per the contract
Developer FAQ: with in-house instalments the deposit is registered in the public register once it reaches 50% of the value
5. Registration
Preliminary registration or recorded obligation while the block is unfinished; registration of the unit when it exists as a separate object
Explained in the off-plan guide linked in section 3
6. Handover
Inspection against the specification and a handover protocol
Keep the documents for any later residence-permit application
7. Taxes
Tax registration for any rental income; annual property tax declaration
Rates in the sources below
The National Agency of Public Registry publishes its own fee schedule. The registry fee is paid in lari, and the table adds the US dollar equivalent at the National Bank of Georgia rate of 5 November 2026 (USD 1 = GEL 2.5958).
Registry service (National Agency of Public Registry)
Term
Fee in GEL
About in USD
Registration of change, origin or termination of a right to immovable property
4 working days
150
57.79
The same service
1 working day
270
104.01
The same service
Day of filing
350
134.83
Confirmation of signatures on a transaction submitted for registration
Immediate
7
2.70
Extract from the registry
1 working day
20
7.70
Extract from the registry
Day of filing
75
28.89
Extract via the internet
1 working day
13
5.01
Extract via the internet
Day of filing
52
20.03
The fees are small beside the price of an apartment. Notary and translation costs, the cost of a certified valuation if a residence permit is planned, and any bank or legal charges are separate. The registry page lists no separate fee for registering a right to a building under construction, so the contract and the registrar should confirm what is registered at each stage.
Taxes during ownership and on sale are set out by the Revenue Service and by professional publishers. PwC’s Georgia tax summary, last reviewed on 2 September 2026, states that an individual’s rental income from residential space let for residential purposes is taxed at 5% when no deductions are claimed, and that profit from the sale of an apartment or house with an attached plot is taxed at 5%.
The Georgia Revenue Service describes the annual property tax for individuals as a tax on property including land, proportionate to the months of ownership for non-land property, with the declaration due by 1 November and the payment by 15 November; its page lists no rates. Rates and exemptions change, so the position on the day of a transaction is the one that counts.
Residence-permit threshold and the price ranges quoted for Mardi City Center
Buying property in Georgia does not itself grant residence. The law offers a one-year renewable permit to an owner of non-agricultural property above a value threshold.
The Law of Georgia on the Legal Status of Aliens and Stateless Persons states in Article 15(j) that the property must have a market value exceeding USD 150,000 equivalent in GEL, and the Public Service Development Agency (SDA) page repeats the figure and requires a valuation by a certified assessor of a body accredited by the national accreditation body, together with a title document for the property. Legal.ge and Erickson Immigration Group report that the threshold rose from USD 100,000 to USD 150,000 on 1 March 2026 under amendments passed in June 2025.
Element
Position as of 5 November 2026
Source
Threshold
Market value exceeding USD 150,000 equivalent in GEL; at USD 1 = GEL 2.5958 that is GEL 389,370
Law (Article 15(j)); SDA; NBG rate
Date of change
1 March 2026, from USD 100,000
Legal.ge; Erickson Immigration Group
Valuation
Certified assessor of an accredited body, not the invoice price
SDA
Property
Real property in Georgia other than agricultural land
Law (Article 15(j))
Duration
Issued and each time extended for one year; ends when ownership ends
Law (Articles 16(1)(f), 21(11))
Family
Spouse and child or children, with proof of kinship
Law; SDA
Property delivered
Properties must be delivered and ownership formalised before an application
Legal.ge
Several properties
Reported as combinable to reach the threshold; confirm with the SDA
Legal.ge; Erickson Immigration Group
Mardi Holding’s residence-permit page, read on 5 November 2026, states a threshold of USD 100,000 for the one-year permit and USD 300,000 for the five-year permit, and its home page FAQ also uses 100,000. The figures differ from the law and the SDA page on the date of reading, so a buyer relying on the permit route should take the threshold from the SDA or the law and have the property valued before committing.
The next table asks how large an apartment would have to be to reach USD 150,000 at the rates quoted for the complex. It is arithmetic on advertised rates (150,000 divided by the rate), and the test in law is the assessor’s valuation, which can differ from any asking price.
Rate quoted
Source
Area at which price equals USD 150,000
USD 1,400 per m², black frame (low end)
batumi.estate
107.1 m²
USD 1,750 per m², black frame (high end)
batumi.estate
85.7 m²
USD 1,700 per m², from-rate
Korter
88.2 m²
USD 2,050 per m², turnkey (low end)
batumi.estate
73.2 m²
USD 2,400 per m², turnkey (high end)
batumi.estate
62.5 m²
The two unit asks on batumi.estate fall below the line on the invoice: the USD 86,100 one-bedroom is 57.4% of USD 150,000, and the USD 133,540 two-bedroom is USD 16,460 short of it. A purchase priced near the line leaves no margin if the assessor’s value is lower, which is why the valuation is the first document to ask about.
The property also has to be delivered and registered in the owner’s name before the application, according to Legal.ge, and the stated completion of the blocks is Q4 2028; the order of events depends on the contract’s handover date.
Risks, title and due diligence
A purchase in an unfinished block carries the risks of any off-plan sale, and this project has additional points that come from the spread of sources. The table pairs each point with the check that answers it.
Point
Why it arises here
Check
Completion date
Sources dated 2026 say Q4 2028 or 1 December 2028; older entries say 2024 or 2025
Handover date and delay remedy in the contract; permit and commissioning documents
Which building
Portals use Mardi Mall and Mardi City Center for the same address
Block, unit number and cadastral data in the contract and the registry extract
Apartment count and areas
320, 400 and about 400 apartments; several size ranges
Written unit list for the block; net and total areas in the contract
Price basis
Black frame and turnkey rates differ by about USD 650 per m² at the low end (2,050 minus 1,400)
Written price with finishing, VAT treatment and currency stated
Payment terms
20 months, 1 year and 36 months are all quoted
The contract’s schedule and currency; interest or penalties
Commercial levels
Levels counted as 3 or 4; mixed-use building
Shared-property rules, service charge split, noise and access arrangements
Parking
60 underground spaces against 320-400 apartments
Whether a space can be bought and registered with the unit
Residence-permit plan
Developer pages quote USD 100,000; the law and the SDA page state USD 150,000
Valuation by a certified assessor before signing
Registration stage
The registry lists no fee for a building under construction
What right is registered, when, and in whose name
Foreign-currency payments
Prices in USD, registry fees and taxes in GEL
Exchange rate and date used in the contract
None of these points is a finding about the developer. They are the questions that the spread of public information raises, and the documents in the table answer them for a specific apartment. Rules and contract terms differ by transaction, so the documents for the specific apartment are the reference.
Title is the central point in an unfinished block. The guide Off Plan Property in Batumi explains, with the statute articles, that a unit can be sold as a separate object only after its ownership is registered and that a buyer’s right before that rests on the contract and on any preliminary registration. In practice the buyer holds contractual rights against the seller until the block is commissioned and the unit is registered, which is why the contract wording on delay, refund and registration deserves the most attention.
Currency is a second point. Portal prices are in US dollars, the registry fees and property tax are in lari, and the residence-permit threshold is stated in dollars with a lari equivalent. A contract in dollars with instalments paid from another currency exposes the buyer to the exchange rate on each payment date, and a contract in lari does the same in reverse.
The National Bank of Georgia rate of 5 November 2026 (USD 1 = GEL 2.5958) is a single day’s figure, and the contract should state the rate or the rule that applies to each payment.
How Mardi City Center compares with other Mardi Holding listings on this site
Mardi Holding has four other projects with listing pages on this site. The table shows what each listing card carries on 5 November 2026, next to the sourced figures for Mardi City Center from this guide. The comparison reports listed data and does not rank the projects.
Mardi Holding listings compared
Price on the listing card
Area on the card (m²)
Year or status field
Developer or portal status
Mardi City Center
Asks from section 3: turnkey one-bedroom from USD 86,100 (batumi.estate)
21.4 to 149.8 (batumi.estate)
Completion Q4 2028 / 1 December 2028 (Korter, batumi.estate)
Two comparisons stand out. First, the Mardi Holding listings differ in stage: Mardi Stadium is shown by the developer as completed in 2024, Mardi City Center, Mardi Aquapark and Novotel Living Batumi are under construction according to the portals, and the developer’s page for Mardi Hills carries no year. Second, the stated completion of Mardi City Center, Q4 2028, is the same quarter that batumi.estate gives for Mardi Aquapark. A buyer who compares the listing cards of the five projects should therefore compare the stage as well as the price.
Price per square metre can be calculated only where a price and an area are both known; the guide Batumi apartment prices per square metre does this for the listings that carry both.
Mardi Holding
Mardi Holding is a Batumi-based group. Its own about page says the company began in January 1991 as LLC Imeri, funded with private capital, and names Irakli Turmanidze as founder and CEO. The same page says the business lines have included manufacturing, tobacco production, logistics and real estate development, and it cites more than 17 large-scale real estate projects in Batumi and other regions of Georgia.
Korter’s developer page says the holding has operated in Georgia since 2010 and lists 17 projects, 14 completed and 3 current, and batumi.estate’s developer page gives 1991 as the founding year, 2010 as the start of real estate development, and 5,000+ apartments and 300,000+ m² delivered. Those totals are the sources’ own statements and are not audited here.
Mardi Holding’s completed-projects page lists thirteen projects with printed completion years: ten in Batumi, two in Tbilisi and one in Bakuriani by the page’s own labels, with years from 2013 (Mardi House at Gorgasali) to 2024 (Mardi Stadium). Its project navigation shows Novotel Living Batumi under the Accor brand, Mardi Hills under the Handwritten Collection brand, Aquapark Batumi under the Mercure brand, Aquapark Residence, Mardi City Center and Mardi Stadium, and its ventures menu names Mardi Comfort, Mardi Energy, Mardi Capital, Adjarian Wine House, TravelLab and Cigar.
Frequently asked questions
What is Mardi City Center Batumi?
Mardi City Center Batumi is a complex of three 20-floor blocks at 33 Pushkin Street in the Bagrationi district of Batumi, developed by Mardi Holding. The developer lists a shopping centre inside the building, underground parking for 60 vehicles and a distance of 600 m to the sea. Portals list studios to four-bedroom apartments from about 21.4 to 149.8 m², in black frame and turnkey condition. Portal figures for unit mix, areas and prices should be read with their dates.
Where is Mardi City Center Batumi?
The complex stands at Pushkini 33 in Batumi (postal code 6010), at the corner of Pushkin and Sulaberidze streets according to batumi.estate. The map position is 41.6436 N, 41.6429 E. Calculated from that point, Europe Square is 0.99 km away in a straight line and the airport 5.15 km; by road the router gives 1.19 km and 8.15 km. The developer, Korter and batumi.estate all give about 600 m to the sea.
Is Mardi City Center finished?
Not according to the 2026 sources. Korter lists blocks A, B and C as under construction with a start in Q1 2017 and completion in Q4 2028, and batumi.estate gives 1 December 2028. Older entries, such as a 2018-2019 listing with a Q4 2024 date, describe earlier plans. A part of the address already trades, since a JYSK store is listed there. The handover date for an apartment is the one in the sale contract.
What unit types and sizes does Mardi City Center list?
batumi.estate lists studios of about 21.4 to 24.9 m², one-bedroom units from about 38.4 m², two-bedroom units from about 60.7 m², three-bedroom units from about 93.4 m² and four-bedroom units up to about 149.8 m². Korter’s availability list of 26 October 2026 shows 1-room units of 41.7 to 69.7 m², 2-room of 70.9 to 77.6 m² and 3-room of 93.8 to 149.8 m², 20 apartments in all. Ceilings are 3.0 m on Korter.
How much do apartments in Mardi City Center Batumi cost?
The developer publishes no price list. batumi.estate (page showing 8 October 2026) asks about USD 86,100 for a turnkey one-bedroom of about 38.4 m² and about USD 133,540 for a turnkey two-bedroom of about 60.7 m², with black-frame rates from about USD 1,400 per m². Korter quotes a from-rate of USD 1,700 per m² (26 October 2026). At GEL 2.5958 per dollar, USD 86,100 is GEL 223,498. These are asking prices on portals.
What payment plans are quoted for the apartments?
batumi.estate quotes 30% down and the remaining 70% over up to 20 months interest-free, with a discount of up to 7% for full payment. Korter quotes 30% down with a loan term of up to one year. Mardi Holding’s home page FAQ quotes up to 36 months interest-free with 30% down and a 5% discount for a single payment, in company-wide wording. The contract’s schedule and currency decide the plan that applies.
Can a foreigner buy an apartment in Mardi City Center Batumi?
Yes. Foreign citizens can buy apartments in Georgia, and the main restriction on foreign ownership applies to agricultural land. The developer’s FAQ says the agreement for a foreign buyer is prepared in Georgian and the buyer’s language and that no presence in Georgia is required. Ownership is recorded by the National Agency of Public Registry, whose fee is GEL 150, 270 or 350 depending on speed.
Does buying in Mardi City Center lead to a residence permit?
A purchase does not itself grant residence. The law offers a one-year renewable permit to an owner of non-agricultural property valued above USD 150,000 equivalent in GEL, assessed by a certified assessor. Legal.ge and Erickson Immigration Group date the USD 150,000 level from 1 March 2026. The quoted asks for a one-bedroom or a two-bedroom are below that level, and the property has to be registered to the owner first.
What facilities do the sources list for the complex?
The sources list underground and courtyard parking, security and CCTV, controlled residential entrances, a gym, a children’s playground, bicycle paths, a landscaped courtyard, a rooftop terrace on the commercial level, low-noise lifts and professional management of the common areas. The commercial levels hold shops, restaurants, cafes, a pharmacy, beauty salons and a spa. No source reviewed lists a swimming pool or a sauna, so a buyer who wants either should look for it in the specification annex of the contract and not assume it.
What is the difference between Mardi Mall and Mardi City Center?
The names refer to the same address, 33 Pushkin Street. The developer uses Mardi City Center for the project. Korter’s web address, Madloba’s directory and a 2018-2019 gege24.com listing use Mardi Mall, mostly for the shopping and entertainment part. A buyer should check in the contract and the registry extract which building, block and unit are being sold, because directory entries, shop listings and portal pages may use either name for the same address and may refer to different parts of the building.