NEXT Address Batumi: Alley of Heroes Apartments Guide (2026)

NEXT Address Batumi is a multifunctional complex that the Georgian developer NEXT is building on Alley of Heroes in the centre of Batumi, with studios from 34.8 m², one-bedroom and two-bedroom apartments, a 33-month instalment plan at 0% and a handover that the developer states for December 2028.

This guide reads the developer’s project page as shown on 8 November 2026: a studio from USD 68,000 without renovation, a 20% first payment, a list of facilities and a list of engineering items. It adds sourced context on Batumi and on buying property in Georgia, and it marks each point on which the developer publishes nothing. The page is the developer’s project page.

Overview of NEXT Address Batumi

The developer presents the project as a complex for living, business and leisure, and the project page gives its location as the centre of Batumi on Alley of Heroes, 700 metres from the Black Sea. The developer’s About page places the launch of the project in 2022. The images on the page are developer renders; the page prints no street number, no map pin and no coordinates, so the exact plot is a point to confirm in the sale documents.

Three apartment types are priced: a studio, a one-bedroom apartment and a two-bedroom apartment. Each type appears in two price sets that the page labels with and without renovation, and the page does not itemise what the renovation set includes. The developer does not publish a unit count, a number of floors or a number of buildings.

It does print a ceiling height of 3.1 metres for all apartments and a list of facilities that includes a pool, a fitness centre, a restaurant and a commercial area.

Payment is described as a 20% first payment followed by 33 instalments at 0%, monthly or quarterly. The page’s price panels give a handover of December 2028, while a separate block says the project will be fully completed in June 2029; section 4 sets the two dates beside the instalment calendar. The page also lists rental-return and price-growth projections. They are the developer’s projections and not terms of sale, so this guide does not restate them.

Unit types, sizes and what the two price sets cover

The layout section of the project page shows three plans. Each card gives a smallest size with its starting price and an “up to” size with its top price, and the figures are in dollars (USD). The page has a toggle labelled “Included / With renovation” and “Not Included / Without renovation”. The default state is the one without renovation, and the table below reads the second set of prices as the one with renovation, following those toggle labels.

For the renovation set only the starting prices are printed.

The cards describe the open layouts with floor-to-ceiling windows and say the apartments take advantage of sea and mountain views. Each plan lists a terrace, bedroom, kitchen, sitting area, closet, bathroom and main entrance. The page does not say which floors or orientations carry the sea view, and it publishes neither a floor-by-floor price list nor an availability table, so the starting price describes the smallest layout of each type and not every unit.

The second table uses only the published figures. Each rate is a price divided by a size, so it is an arithmetic result and not a rate the developer prints; it also assumes that each starting price belongs to the smallest size on the card and each top price to the largest.

On the plain price set, the starting rate rises from USD 1,954 per m² for the studio to USD 2,475 per m² for the one-bedroom apartment and then falls to USD 2,101 per m² for the two-bedroom apartment. The two-bedroom rate is 15.1% below the one-bedroom rate (2,101 divided by 2,475).

A two-bedroom apartment of 80.3 m² therefore starts at USD 168,710, which is USD 43,723 more than a one-bedroom apartment of 50.5 m² for 29.8 m² more floor area; the extra area costs USD 1,467 per m² at the starting figures.

Prices also move inside each type. The studio card runs from 34.8 m² at USD 68,000 to 37.3 m² at USD 89,035: the size grows by 7.2% and the price by 30.9%, so the rate climbs from USD 1,954 to USD 2,387 per m². The one-bedroom card tracks its size more closely (size up 59.8%, price up 63.4%). The two-bedroom card moves from 80.3 m² to 88.1 m² (up 9.7%) while its price moves from USD 168,710 to USD 210,294 (up 24.6%).

The page does not say what separates the cheapest unit from the dearest in a type; floor, view and orientation are the usual reasons, but the developer does not name them.

The types also overlap in size. The largest one-bedroom unit, 80.7 m², is 0.4 m² larger than the smallest two-bedroom unit, 80.3 m², yet it is priced USD 35,461 higher on the plain set (USD 204,171 against USD 168,710, a difference of 21.0%). Anyone comparing the two types should therefore ask for the plan and the price of the specific unit and not rely on the bedroom count.

The renovation set is the other large variable. It adds USD 29,962 to the studio (44.1%), USD 50,501 to the one-bedroom apartment (40.4%) and USD 80,300 to the two-bedroom apartment (47.6%). For the one-bedroom and two-bedroom starting units the difference equals USD 1,000 for each square metre of the starting size (50,501 divided by 50.5 and 80,300 divided by 80.3); for the studio it is USD 861 per m². This is a calculation on the printed figures.

The page describes the renovation set only as an option and lists no specification, so the content is a point for the sale agreement.

For market context, the Batumi price-per-square-metre guide on this site cites Galt and Taggart’s average turnkey price in Batumi of USD 1,865 per m² for 2025. The starting rates above are rates for the smallest layouts of one project, one of them for a plain finish, so they are not comparable with a citywide average on the same basis.

Location of NEXT Address Batumi: Alley of Heroes and the city centre

NEXT Address Batumi is placed by the developer in the centre of Batumi on Alley of Heroes. The project page says the site is 700 metres from the Black Sea and does not say whether that is a straight line or a walking distance. It describes the surroundings as shops, restaurants and entertainment, with access to the boulevard, business centres and cultural attractions, and it names none of them.

The page has no map embed, and the sections below therefore rely on official sources for what can be said about the city and on the developer’s own words for the plot.

Among the features of the surroundings, the seaside boulevard is the one that official sources document in most detail. The official tourist guide of Ajara, run by the region’s Tourism Product Development Agency, says the Batumi Boulevard is 7 km long, lies in the historic part of the city along the sea, and has been a national monument of Georgian garden-park art since 1987.

Its construction began in 1881, and in 2009 the area was enlarged to a design by a Spanish architect and is called the New Boulevard. The guide does not give a distance from Alley of Heroes, and neither does the developer.

Another central landmark in the same guide is Europe Square, which it places on Memed Abashidze Avenue in Batumi, also known as Era Square. The developer’s page does not mention it. The two landmarks are listed here as city context only, because the project page publishes no distance to either, and the table below keeps each distance as “not published” instead of estimating it from a map.

Batumi lies in the Autonomous Republic of Adjara, which Geostat reports as Adjara A.R. The Geostat release on the population at 1 January 2026 gives Adjara A.R. 413.2 thousand residents, of whom 279.9 thousand live in urban settlements, out of 3,941.1 thousand for Georgia as a whole. Dividing the first figure by the second shows that Adjara holds about 10.5% of the national population (calculated).

The release does not give a separate figure for the city of Batumi, so the regional number is the one used here; it is in the Geostat population release.

On visitors, Geostat’s inbound tourism statistics for 2025 report 7.8 million arrivals of international non-resident travellers, 5.9% more than in 2024, and 6.9 million visits by international visitors. The same release says the majority of visits were made in Tbilisi and Adjara A/R, with 3.8 million and 2.7 million respectively. The figures describe the whole region and not Batumi alone, and they are not a forecast of occupancy for any building; they are in the Geostat inbound tourism release.

The climate is a practical point for a coastal purchase. The Visit Batumi climate note describes Batumi’s climate as humid subtropical, with an average annual temperature of 14.5 °C, an average of 7.1 °C in January and 23.2 °C in August, and 2,560 mm of precipitation a year. Snow is described as rare. The developer’s page does not print climate data; its engineering list names central heating, window ventilation channels and low-emissivity glass.

Readers who want the wider picture can use the Georgia country page for the Georgian listings on this site and the Batumi city page for the city. The Black Sea coast guide covers the coast south of Batumi, which is a different setting from a central address, and the off-plan guide explains how sales before completion are documented in Georgia.

Reading the 33-month instalment schedule: from the 20% first payment to handover

The payment panel of the project page is built from four printed numbers: a first payment of 20%, a period of 33 months, an interest rate of 0%, and a monthly amount. For the starting studio without renovation the panel shows USD 68,000, a first payment of USD 13,600 and a monthly payment from USD 1,648. For the starting studio with renovation it shows USD 97,962, a first payment of USD 19,600 and a monthly payment from USD 2,375.

The page adds that instalments can be monthly or quarterly and that its 0% plans run from 12 to 45 months depending on the project and the handover date.

The arithmetic is simple, and it explains what “0%” means on this page. The remaining 80% of the price divided by 33 reproduces both printed monthly figures: 54,400 divided by 33 is USD 1,648.48, and 78,369.60 divided by 33 is USD 2,374.84. The instalments therefore add up to the price and the printed figures contain no separate financing charge.

The same rule applied to the other starting prices gives the figures in the table below, where only the studio amounts are printed by the developer and the rest are calculated.

The page does not print a start date for the instalments, so the calendar below makes one assumption and labels it: the first payment is made in November 2026 and the first instalment falls due a month later. The percentages are shares of the price paid up to each point, and the dollar column applies them to the starting studio without renovation.

On that assumption, the December 2028 handover on the price panels coincides with instalment 25, by which point 80.6% of the price has been paid (USD 54,812 on the studio) and eight instalments, 19.4% of the price or USD 13,188, remain. If the June 2029 completion date is the operative one, 95.2% has been paid by then and two instalments remain. In both cases the last scheduled payment falls after the stated date.

A booking in a later month moves the whole calendar later, and a quarterly schedule changes the timing of payments but not the total.

The ownership sequence matters as much as the calendar. The page says the buyer signs a preliminary purchase agreement, registers future ownership with the Public Registry, pays a down payment or reservation deposit of USD 1,000 to 3,000 that holds the unit for one week or up to one month, and becomes the official owner within one business day after construction is completed and full payment is made. On the page’s own wording, final ownership therefore follows the last payment, not the handover month.

Whether keys are given before the last instalment, and on what terms, is not stated.

The Georgian rules behind “registration of future ownership” are in the Law on the Public Registry. Article 12 allows a right to be pre-registered on the basis of an agreement between the parties, which rules out registration of any other right to the property unless the agreement says otherwise. Article 156(10) allows an obligation to transfer a unit in a building under construction to be registered on the land once the conditions for using the land for construction have been issued.

The off-plan guide sets out these steps in more detail. The page does not say which of the two mechanisms the developer uses.

The page also shows a pop-up headed “NEXT ADDRESS Special Offer” with a down payment from USD 3,000 and monthly instalments from USD 500. The page does not say how that offer combines with the 20% first payment or with the 33-month term. After a USD 3,000 down payment the balance on the starting studio is USD 65,000, and 33 payments of USD 500 add up to USD 16,500, about 25% of it (calculated).

The page gives no further terms that would complete the schedule, so the offer is a point to have written into the schedule that goes with the agreement.

The checklist below lists what a buyer can ask to have stated in writing about the schedule before paying the first instalment.

1. The start date of the instalments and the day of the month on which each falls due.
2. Whether the plan is monthly or quarterly, and the amount of each payment in that case.
3. The currency in which each instalment is invoiced and the exchange rate used, if it is not the dollar.
4. The handover date for the specific unit, December 2028 or another, and the date of full completion of the project.
5. What happens to the schedule, and to the money paid, if handover is late.
6. Whether the unit is delivered with or without renovation, and the written specification of the finish in each case.
7. How the special offer relates to the 20% first payment and to the 33 instalments.
8. The date on which ownership is registered in the buyer’s name and who pays the registration fee.

The facilities and engineering items on the page are listed below as the developer states them. The page gives no opening dates for the facilities, and renders are not the contractual specification. Quality claims that the page attaches to some items, such as energy-saving percentages, are the developer’s and are not repeated here.

The page lists these as facilities of the building or complex. It does not say which are inside the service charge, which are open to the public, and which are run by third parties, and it names no operator for the restaurant, the pharmacy or the commercial units. The service-charge schedule is among the documents worth requesting.

Registering a purchase in Georgia: the register, the fees and the order of steps

Property in Georgia changes hands through the Public Registry.

The Civil Code states in Article 183 that, to acquire an immovable thing, the transaction is made in writing and the acquirer’s ownership right is registered in the Public Registry. Article 311-1 adds that the written transaction is submitted to the registry, that the transaction or the parties’ signatures are authenticated as the law provides, and that no separate authentication is needed when the parties sign in front of an authorised person at the registration authority.

The registry is run by the National Agency of Public Registry, NAPR, which publishes its fees online.

NAPR’s fee page lists the registration of a change in a right to immovable property at GEL 150 for a service in four working days, GEL 270 in one working day and GEL 350 on the day of filing; at the National Bank rate of USD 1 = GEL 2.5949 for 8 November 2026 those fees are about USD 58, USD 104 and USD 135.

The same page lists the registration of an obligation related to an ownership right at the same three levels, and the confirmation of the parties’ signatures at GEL 7 immediately.

The informational services fee page lists an extract from the registry at GEL 20 in one working day, GEL 13 if requested online, with GEL 26 added when the extract is requested in English. NAPR also runs a smart-contract service through which immovable property rights can be registered online after booking a virtual meeting.

A buyer who signs from abroad usually needs foreign documents recognised in Georgia. Georgia acceded to the Hague Apostille Convention, which entered into force for it on 14 May 2007 according to the HCCH status table. The guides on buying from abroad and on how to buy property in Georgia cover the sequence for a non-resident.

On ownership by foreigners, the Organic Law on Agricultural Land Ownership restricts agricultural land, and an apartment is not agricultural land. The guide on whether foreigners can buy property in Georgia on this site gives the general position.

The developer describes its own sequence in four stages: an agreement that secures the right of ownership, a payment with a confirmation statement, registration of the contract with the Ministry of Justice, and a code of the property in the state register. The register itself is kept by NAPR, the body whose fees are listed above. Notary or lawyer fees, if any, are separate and are not published by the developer.

Residence, tax and financing for a foreign owner

Residence is the question that the developer’s page raises directly, with a statement about a residence permit through the purchase of real estate. The official rule is on the Public Service Development Agency page and in the Law on the Legal Status of Aliens and Stateless Persons.

A short-term residence permit can be issued to an alien who holds title to immovable property in Georgia, other than agricultural land, with a market value exceeding USD 150,000 equivalent in GEL, as established by a certified assessor. An investment residence permit is tied to a market value exceeding USD 300,000 equivalent.

Set against the published prices, the starting prices of the studio and of the one-bedroom apartment are below USD 150,000, whether without or with renovation (USD 68,000, USD 97,962 and USD 124,987), and the one-bedroom starting price with renovation, USD 175,488, is above it. The two-bedroom starting prices, USD 168,710 and USD 249,010, are above USD 150,000 and below USD 300,000.

The one-bedroom plain price card runs up to USD 204,171, so some one-bedroom units on the plain set are above the figure and some are below it.

The test is the assessor’s market value, which can differ from a contract price, and the permit rests on a document of title to the property. How the agency treats a unit that is still under construction is a question for the agency, not the developer. The residence-permit guide explains the process, and nothing on this page is a promise that any unit qualifies.

Taxes on an individual owner come from the Tax Code, whose English text is on matsne.gov.ge. Property tax is a local tax on real estate owned by a natural person; Article 202(5) sets a rate of not less than 0.8% and not more than 1% of the market value at the end of the previous year, and Article 206(1)(a) exempts the property of a person whose family income in the previous year did not exceed GEL 100,000, about USD 38,537 at GEL 2.5949 per USD.

Article 201 includes unfinished construction among the real estate of a natural person, and Article 205 requires an individual to file the return by 1 November. The Revenue Service publishes a property tax page. The property tax guide on this site works through the arithmetic.

Rent and sale have their own rules. Article 81 taxes residential rent received by an individual who makes no deductions at 5%, and otherwise at the general 20% rate; the surplus from selling a residential apartment is taxed at 5%, and Article 82(1)(f.a) exempts the surplus on an apartment owned for more than two years. When an instalment buyer counts as the owner for these purposes is a matter for the contract and the registry record.

The short-term rental guide explains how short-term letting is treated.

On financing, the project page publishes no mortgage arrangement and its payment plan is the developer’s own. The National Bank of Georgia sets loan-to-value limits of 90% for lari loans and 70% for foreign-currency loans and payment-to-income limits that depend on income and currency, on its PTI and LTV page. Whether a bank lends to a non-resident against an unfinished unit is that bank’s decision; the mortgage guide covers practice.

What to prepare when reserving

The developer’s description of the purchase and the registry rules point to one set of documents, which a buyer can assemble before the first payment.

1. The reservation form, a passport copy and the identity documents the developer asks for.
2. The preliminary purchase agreement, stating the unit, its area, the price set (plain or with renovation), the handover date and the consequence of a delay.
3. The full payment schedule with amounts, dates and the currency of each instalment, including any special-offer terms.
4. An extract from the Public Registry covering the plot and, after registration, the unit itself.
5. The payment-account or escrow details for every instalment, in writing.
6. The full legal name and registration details of the contracting entity; the developer’s site does not name it.
7. The service-charge schedule and the list of facilities included in it.
8. If the buyer will not be in Georgia for the signing, a power of attorney or another document signed abroad, carrying an apostille.

How NEXT Address Batumi compares with the other NEXT projects

This site lists thirteen NEXT projects: seven in the Batumi area including Gonio, four in Tbilisi, one in Kobuleti and one in Dubai. The table gives each project’s city, the status or handover as its project page states it, its unit types and the starting price it publishes. The columns do not share one basis: some prices are for a plain studio, some for a furnished one, some include renovation, and the page for each project names its own finish.

The row for this page is not a link.

Because each page states its own basis, the figures do not put the projects in an order. Within the Batumi group the studio starting prices run from USD 49,000 to USD 161,460, and NEXT Address Batumi sits near the lower end of that range at USD 68,000 for a plain studio. The plans differ as well: the instalment lengths, first payments, finish states and handover months are set project by project, and several pages carry two dates, a handover and a later completion.

Each page should be read for its own schedule.

Among the other Georgian listings on this site, Mira Verde Tbilisi is the Tbilisi project of another developer, and two Batumi listings give context for entry prices: Delux Horizon lists a starting price of USD 65,000 and Mardi Hills one of USD 45,276, each on the basis its own page states. The price guide sets listings and the citywide average side by side, and the Georgia country page covers the Georgian coast.

NEXT (developer)

NEXT presents itself on its About page as an international developer from Georgia and says it was founded in Batumi by Kakha Devadze. The same page describes the first project as NEXT Orange and lists a timeline that begins in 2018 with NEXT Apartments, NEXT Green and NEXT White, continues with a hotel-brand partnership and Villa Park in 2020, Radisson Blu Residences and NEXT Collection in 2021, and NEXT Address, NEXT Coral and NEXT Gardens in 2022.

The developer’s home page states that the company has about eight years in real estate development, and its contact pages list offices in Batumi, Tbilisi, Dubai and Warsaw. Its project list names Georgian projects, one project in Dubai, a villa project in Spain and an apartment project in Kenya; the About page also mentions Zanzibar as a direction of expansion. The pages name several international awards but give few details of them, so none is repeated in this guide.

The developer’s site does not publish a registered company name or a registration number, and it describes the brand as NEXT, NEXT Group and NEXT Property. The sale documents are the place where the contracting entity is named. This guide reproduces no contact details of the developer.

Frequently asked questions

What is NEXT Address Batumi?

NEXT Address Batumi is a complex that the developer NEXT describes as built for living, business and leisure, on Alley of Heroes in the centre of Batumi. The page lists studios, one-bedroom and two-bedroom apartments in two price sets, with and without renovation, plus facilities such as a pool, a fitness centre, a restaurant and commercial space. The developer states a December 2028 handover, a 20% first payment and 33 instalments at 0%, and publishes no unit count or number of floors.

Where is NEXT Address Batumi and how far is the sea?

The developer places the project in the centre of Batumi on Alley of Heroes and says the Black Sea is 700 metres away. It does not say whether that is a straight line or a walking route, and it gives no house number, map pin or coordinates. The official Ajara guide describes the 7 km Batumi Boulevard along the sea, but neither it nor the developer gives a distance from the project to the boulevard.

What prices does the developer publish for NEXT Address Batumi?

Starting prices in dollars (USD): a studio from USD 68,000 without renovation and USD 97,962 with renovation, a one-bedroom apartment from USD 124,987 and USD 175,488, and a two-bedroom apartment from USD 168,710 and USD 249,010. The cards also show top prices of USD 89,035, USD 204,171 and USD 210,294 on the plain set. These are starting values for the smallest layouts and can differ from a contract price.

How does the 33-month instalment plan work?

The developer prints a first payment of 20% and 33 instalments at 0%, monthly or quarterly. On the starting studio without renovation, the first payment is USD 13,600 and the remaining USD 54,400 divides into 33 payments of about USD 1,648, which matches the printed figure. The page prints no start date, so the calendar depends on the booking month. The agreement fixes the dates, the currency and the consequences of late payment.

When is the handover, and what is the completion date?

The price panels give December 2028 as the handover, and a separate block says the project will be fully completed in June 2029. With a first payment in November 2026, instalment 25 falls in December 2028 and instalment 31 in June 2029. The developer says ownership is registered within one business day after completion and full payment, so the sale agreement is the document that sets both dates and the consequence of a delay.

What does the renovation price set include?

The page offers a toggle between a price set without renovation and one with renovation, and does not itemise what the second includes. The difference is USD 29,962 on the starting studio, USD 50,501 on the starting one-bedroom apartment and USD 80,300 on the starting two-bedroom apartment, calculated from the printed prices. A written specification of the finish, item by item, should be part of the agreement.

Are foreign buyers allowed to purchase an apartment in Batumi?

The sources read for this guide point to yes. Under the Civil Code a purchase needs a written transaction and registration of the right in the Public Registry, while the Organic Law on Agricultural Land Ownership restricts only agricultural land, and an apartment is not agricultural land. The registration fees are published by NAPR. The guide on this site on foreign ownership gives more detail, and the sale agreement states the exact title terms for the unit.

Does a unit in the project qualify for a Georgian residence permit?

Georgian law grants a short-term residence permit to the holder of title to property other than agricultural land with a market value exceeding USD 150,000 equivalent, set by a certified assessor. The starting prices of the studio and of the plain one-bedroom apartment are below that figure, and those of the two-bedroom apartment are above it. The test is the certified assessor’s valuation of the unit and not the price in the contract.

Which taxes can a foreign owner face?

The Tax Code sets property tax at 0.8% to 1% of market value, due only where the previous year’s family income exceeded GEL 100,000, and a 5% rate on residential rent when the individual makes no deductions. The surplus from selling an apartment is taxed at 5%, with an exemption when the apartment was owned for more than two years. These are rules for individuals; personal circumstances and tax residence change the result.

How is a purchase registered, and what are the fees?

The buyer and developer sign a written contract, with signatures confirmed by a notary or at NAPR, and the registry records the right. In its fee list, NAPR charges GEL 150 for registration within four working days, GEL 270 within one working day and GEL 350 on the day of filing, with GEL 7 added for confirming the signatures. At the official rate of GEL 2.5949 per USD for 8 November 2026, the lowest fee is close to USD 58.

Notary or other professional fees are separate.

Sources and last check

Last checked: 8 November 2026. Sources:

• NEXT: NEXT Address project page
• NEXT: About page
• NEXT: home page
• Civil Code of Georgia, Articles 183 and 311 (matsne.gov.ge)
• Law of Georgia on the Public Registry, Articles 12 and 156 (matsne.gov.ge)
• Tax Code of Georgia, English text (matsne.gov.ge)
• Law on the Legal Status of Aliens and Stateless Persons (matsne.gov.ge)
• Organic Law on Agricultural Land Ownership (matsne.gov.ge)
• NAPR: immovable property registration fees and terms
• NAPR: informational services fees
• NAPR: smart-contract registration service
• Public Service Development Agency: residence permits
• Revenue Service of Georgia: property tax
• National Bank of Georgia: official exchange rates (USD 1 = GEL 2.5949, 8 November 2026)
• National Bank of Georgia: PTI and LTV requirements
• Geostat: Number of population as of 1 January 2026
• Geostat: Inbound tourism statistics, 2025
• Hague Conference on Private International Law: Apostille Convention status table
• Official Tourist Guide of Ajara: Batumi Boulevard
• Official Tourist Guide of Ajara: Europe Square fountain
• Visit Batumi: climate and weather in Ajara

This is not legal, tax or financial advice.