NEXT Magnolia Batumi: Studios From USD 49,000 Guide (2026)

NEXT Magnolia Batumi is an apartment building of 15 residential floors that the developer NEXT places near Batumi’s New Boulevard, with studios of 31.9 to 35.4 m² from USD 49,000, one-bedroom and two-bedroom layouts, and a payment plan of 20% down followed by 29 monthly instalments at 0%.

This guide reads the developer’s project page as it stood on 8 November 2026. It sets out the unit sizes and prices, turns them into price-per-square-metre and payment-calendar tables, adds sourced context on Batumi and on buying in Georgia, and marks each point where the page publishes nothing, such as a unit count, a street address or a map pin.

Overview of NEXT Magnolia Batumi

The building configuration on the developer’s project page lists a lobby with public areas and commercial spaces, parking, a terrace and 15 residential floors. The page names three apartment types, a studio, a one-bedroom (1+1) apartment and a two-bedroom (2+1) apartment, and prices each of them in two states, without renovation and with renovation.

The project is under construction. The handover tile shows December 2028, while a separate text block on the same page says the project will be fully completed turnkey in April 2029. Both dates are the developer’s, and the sale agreement is the document that fixes the binding one. The page prints no unit count, no street address and no map pin. It places the building near Batumi’s New Boulevard, a few minutes’ drive from the city centre, and one text block calls the project “Magnolia Batumi (Airport)”.

Prices are printed in US dollars. The starting price is USD 49,000 for a 31.9 m² studio without renovation, which is the lowest published starting price among the 13 NEXT listings compared in section 7. The same studio with renovation starts at USD 57,420. The payment plan is a 20% first payment and 29 instalments at 0%, monthly or quarterly.

The page also carries projections of rental income and price growth, and statements about taxes for owners. Those are the developer’s marketing statements, their basis is not given, and this guide does not restate them; the official Georgian rules are in sections 5 and 6.

Unit types, sizes and prices

The layout section of the page shows three cards. Each gives a “from” size and price and an “up to” size and price. The first table reproduces those figures for the page’s default price set, which is the one without renovation, and adds the starting price of the with-renovation set. For that second set the page prints only a starting price, not an upper value.

The cards carry one shared legend for the drawings: terrace, bedroom, kitchen, sitting area, closet, bathroom and main entrance. The text under them describes an open layout with floor-to-ceiling windows. The page lists no three-bedroom, penthouse or townhouse type, and it shows no floor plans as separate files.

The second table compares the figures with each other. Every value in it is calculated from the numbers above, and none is printed by the developer.

Two readings come out of the table. First, the price spread inside a type is wider than the size spread for the one-bedroom and the two-bedroom layouts: the largest 1+1 is 17.0% bigger than the smallest and 41.3% dearer, and the largest 2+1 is 17.9% bigger and 42.5% dearer. In the studio the order is reversed, with 11.0% more area costing 4.8% more. The page does not say whether floor, view, orientation or layout explains the spread, and it publishes no price list by unit.

Second, the step from the smallest 1+1 to the smallest 2+1 is the same in area and in price, 1.39 times in both. That follows from the two “from” prices being the same rate per square metre, a point that section 4 takes up. The step from the smallest studio to the smallest 1+1 is not proportional: the area grows by 65% and the price by 29%.

There are gaps between the type ranges as well. The largest studio, at 35.4 m², is 17.1 m² smaller than the smallest 1+1, and the largest 1+1, at 61.4 m², is 11.8 m² smaller than the smallest 2+1. A buyer who wants a size between those ranges would have to ask the developer whether such a layout exists, since the page lists none.

Location of NEXT Magnolia Batumi: the New Boulevard area

The developer’s location statement is short. The project is “near Batumi’s New Boulevard”, a few minutes’ drive from the city centre, in a setting that the page describes as close to the sea and away from urban noise. No distance is given in kilometres or minutes, and the page does not say whether the drive is by car or by public transport.

A separate text block refers to the project as “Magnolia Batumi (Airport)” and to the airport area, so the page ties the site to two reference points, the New Boulevard and the airport district, without saying how far apart they are.

The portal Visit Adjara describes the Batumi seaside boulevard as 7 km long and a national monument of Georgian garden-park art since 1987. It adds that in 2009 the area of the boulevard was significantly enlarged and designed by a Spanish architect, and that this enlarged part is called the New Boulevard. The 7 km is the figure for the boulevard as a whole; the portal gives no separate length for the New Boulevard.

Batumi International Airport states on its contact page that it lies 2 km from the city centre on the Black Sea coast, with direct access from the E70 highway. Other published distances differ because they start from different points: the guide to Georgia Black Sea coast property reports a routing calculation of 9.7 km by road from a central Batumi point to the airport. The developer gives no distance from the project to the airport.

The region around the city is mostly urban. Geostat’s release on the population at 1 January 2026 puts the Adjara Autonomous Republic at 413.2 thousand people, of whom 279.9 thousand live in urban settlements, which is 67.7% (calculated), and Georgia at 3,941.1 thousand, so Adjara holds 10.5% of the national population (calculated).

The census report that Geostat published in June 2025 says the high urban share in Adjara, 66% at the census date, is due to the number of people living in Batumi. The releases read for this guide do not give a figure for Batumi municipality, so no city population is quoted.

On visitors, Geostat’s inbound tourism statistics for 2025 count 7.8 million arrivals of international non-resident travellers in Georgia and 6.9 million visits by international visitors. By region, Tbilisi recorded 3.8 million visits and the Adjara Autonomous Republic 2.7 million. Holiday, leisure and recreation was the main purpose of 3,450.1 thousand of 6,856.8 thousand visits, or 50.3%. These are national and regional figures; Geostat does not publish them for a single project area, and the project page’s own city figures for tourists are not reproduced here.

On prices, Geostat’s Residential Property Price Index for the third quarter of 2026 covers the market of new residential property in Tbilisi, so no official index in the sources read covers Batumi.

The Batumi figures quoted in the guide to Batumi apartment prices per square metre come from the Galt & Taggart market review: an average of USD 1,865 per m² for turnkey apartments in 2025, with Old Batumi above USD 3,000 and peripheral zones below USD 1,500. The same guide reports that the New Boulevard area recorded more than 6,800 transactions in 2025, the largest number among the districts the review names. Those are analyst figures, reproduced as that guide gives them.

For a different building in the same area, the Horizon Elegance listing also places itself in the New Boulevard area; it is a separate project by another developer and is named here for context only. Because the page gives no address, a buyer can place the plot through its cadastral code, which a Public Registry extract shows, and ask the developer for a site plan.

Price per square metre at NEXT Magnolia Batumi and what the price includes

The rate behind each price

The page prints prices and sizes but no rate per square metre. Dividing one by the other gives the table below, in US dollars. All rates are calculated from the developer’s figures, and the with-renovation rates assume that the starting price refers to the same smallest layout as the one without renovation.

The pattern is regular. The smallest 1+1 and the smallest 2+1 are each priced at exactly USD 1,200 per m², and the largest unit of every type at exactly USD 1,450 per m². The studio’s smallest unit, at USD 1,536 per m², is the only value that departs from it. The page does not explain what sets a rate between those two figures. With renovation, the two larger types are both USD 2,000 per m² and the studio USD 1,800.

For context, the guide to Batumi apartment prices cites USD 1,865 per m² as the Galt & Taggart average for turnkey apartments in 2025. Against that figure, the without-renovation rates in the table are 17.6%, 35.7% and 22.3% lower (studio, smallest 1+1 and largest units), and the with-renovation rates are 3.5% lower for the studio and 7.2% higher for the larger types.

The comparison is arithmetic only: the average describes completed turnkey apartments in 2025, while the table describes a developer’s 2026 list for an unfinished building in two states of finish.

What each price state includes

The page marks the with-renovation state as “Included” and the without-renovation state as “Not included”, and it does not itemise either. The developer’s home page says NEXT offers two renovation packages: one from USD 650 per m² covering finishes, plumbing and electrical works, and a turnkey package from USD 900 per m² covering furnishing, appliances and décor.

The Magnolia page does not say which of the two its toggle refers to. The difference of USD 800 per m² in the two larger types lies between those two package prices, and the page does not link the two.

In relative terms the with-renovation starting price is 17.2% above the without-renovation one for the studio and 66.7% above for the other two types (calculated). The with-renovation starting price of the 1+1 (USD 105,000) is USD 15,970 above the largest 1+1 without renovation, and that of the 2+1 (USD 146,400) is USD 21,265 above the largest 2+1 without renovation, so a buyer comparing two quotes has to compare the state of finish before the size.

The result is that two things are still open on the page: the specification of the without-renovation state, and whether kitchen fittings and heating are part of it. The checklist in the next subsection turns that into questions for the sale documents.

The payment plan in dollars and in months

The page’s payment calculator shows a 20% first payment of USD 9,800 on the USD 49,000 studio, 29 months at 0% and USD 1,352 a month. The arithmetic matches: 80% of USD 49,000 is USD 39,200, and divided by 29 it is USD 1,351.72. With renovation, 20% of USD 57,420 is USD 11,484, the remaining USD 45,936 divided by 29 is USD 1,584, and the page prints that figure.

The page shows the calculation only for the studio, so the table applies the same structure to every starting price. Those rows are calculated, and the developer has not stated that the structure is the same.

The reservation deposit of USD 1,000 to 3,000 is 10.2% to 30.6% of the USD 9,800 first payment on the starting studio (calculated). The page does not say whether the deposit counts towards the first payment, which is a question for the preliminary agreement.

The page gives no start date for the count. If the first payment were made in November 2026 and the instalments ran monthly from December 2026, the 25th instalment would fall in December 2028, the month on the handover tile, and the 29th in April 2029, the month in the completion text.

On the studio without renovation, the buyer would then have paid 88.97% of the price by December 2028 (USD 9,800 plus 25 instalments of USD 1,351.72, which is USD 43,593), and the last four instalments, USD 5,407 in total, would fall after the handover tile’s date. That reading depends on a start month the page does not state, so it is a way to test the schedule and not a finding about the contract.

Checklist: reading the NEXT Magnolia price list

1. Ask which state of finish the quoted price refers to, and request the written specification for it.
2. Take the unit’s exact area from the sale agreement and recompute the rate per square metre.
3. Ask which floor and orientation the quoted price belongs to, since the page publishes no price list by unit.
4. Confirm the currency in which each instalment is invoiced and the exchange rate rule, if any.
5. Ask for the date of the first instalment and of the 29th, and compare the last date with the handover date in the agreement.
6. Ask whether parking and storage are separate purchases and what they cost.
7. Request the service-charge schedule for the lobby, reception, fitness centre and commercial areas.

Buying in Georgia in brief

The developer’s page describes the purchase in two ways. One block lists three steps: sign the preliminary purchase agreement to become a future owner, register the future ownership with the Public Registry, and pay a down payment or reservation deposit of USD 1,000 to 3,000, which holds a unit for one week or up to one month.

Another block lists four: agreement, 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 page adds that the buyer becomes the official owner within 1 business day after completion and full payment.

The legal frame is short. Article 183 of the Civil Code makes two demands of a buyer of real estate: the transaction is written, and the buyer’s ownership right is entered in the Public Registry. Article 311¹ says the transaction or the parties’ signatures are authenticated as the law lays down, and that no separate authentication is needed when the parties sign in front of an authorised person at the registration authority.

Under Article 312, the registry’s entries are presumed accurate until proved incorrect, which is why a registry extract is the reference document for the plot and the unit.

For fees, the National Agency of Public Registry lists registration of a change in the right to immovable property at GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing. At the National Bank of Georgia rate of USD 1 = GEL 2.5949 for 8 November 2026, GEL 150 is about USD 58. An extract costs GEL 20 in one working day, with GEL 26 added for an English version, and confirmation of signatures costs GEL 7.

A foreign buyer is not barred from an apartment. The Organic Law on Agricultural Land Ownership limits agricultural land in its Article 4, and an apartment is not agricultural land. A buyer who signs from abroad usually needs foreign documents recognised in Georgia; Georgia is a party to the Hague Apostille Convention, in force for it since 14 May 2007. The guides on off-plan property in Batumi and on foreign ownership in Georgia cover the stages in more detail.

Residence, financing and taxes for a foreign buyer

The page states that a Georgian residence permit through real estate needs “a minimum amount from $150,000” from 1 March 2026. The law words it slightly differently. Article 15(j) of the Law on the Legal Status of Aliens and Stateless Persons and the Public Service Development Agency grant a short-term residence permit to an owner of immovable property, other than agricultural land, with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor.

Article 16 allows the permit to be extended each time for one year and ends it if the ownership ends.

Every price printed on the project page is below that line. The largest, USD 146,400 for a two-bedroom apartment with renovation, is USD 3,600 under it, and the studio starting price of USD 49,000 is at 32.7% of it. The test uses the assessor’s market value, not the contract price, so the guide to the residence permit in Georgia is the place for the current process.

On financing, the page mentions no mortgage arrangement; its finance offer is the developer’s instalment plan. 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 of 20% to 50% by income band and currency, on its PTI and LTV page. Whether a bank lends against an unfinished unit is each bank’s policy, and the guide to mortgages for foreigners covers the practice.

The Tax Code, whose English text is on matsne.gov.ge, sets the rules for an individual owner. They are summarised in the table, and the guide to property tax in Georgia explains them with dates. A person’s own circumstances decide which rule applies.

The Revenue Service publishes a property tax page for filers. Article 201 of the Tax Code names unfinished construction among the real estate of a natural person that can be taxed, and from which point a buyer under an instalment contract is the taxed owner depends on the contract and the registry record. Anyone who lets the apartment short term can also read the guide to short-term rental in Batumi.

What to prepare when reserving

The developer’s three-step process and the registry rules point to one set of documents, which a buyer can gather before the reservation deposit.

1. A passport copy and the identification documents the developer asks for with the reservation form.
2. The preliminary purchase agreement, stating the unit, its area, the price state, the handover date and what follows if the date moves.
3. The payment schedule, with the date and amount of each instalment and the currency of invoicing.
4. A Public Registry extract for the plot and, once the unit is registered, for the unit.
5. Payment-account or escrow details, in writing, for every payment.
6. The finishing specification that the price refers to, and the service-charge schedule.
7. The full legal name and registration details of the contracting entity, which the developer’s site does not name.
8. A buyer who signs from abroad also needs any power of attorney or foreign document apostilled in the issuing country.

How NEXT Magnolia Batumi compares with the other NEXT listings

The table lists all 13 NEXT listings on this site with the figures the developer’s pages publish. The columns do not share one basis: starting prices refer to different unit types and states of finish, and the handover wording differs between a handover tile, a payment milestone and a completion text block. The Dubai project is priced in dollars as the developer prints them.

Read on their own terms, the figures show different products and not a ranking. The three lowest published starting prices in the table, for NEXT Magnolia, NEXT Gardens and NEXT Address, are all studios, and each of those pages prices its smallest studio in two states of finish.

NEXT Gardens and NEXT Collection add sea-view and mountain-view price sets, which NEXT Magnolia Batumi does not. The two Tbilisi presales with December 2029 handovers are Cinema City and NEU Tbilisi, the Kobuleti presale runs to December 2031, and the Gonio, Tbilisi DownTown and Dubai projects start at higher figures with handovers between December 2026 and December 2027. The Radisson Blu and Wyndham projects carry hotel-brand names, and the NEXT Magnolia page names no operator or brand beyond NEXT.

Beyond NEXT, the site lists other developers’ Georgian projects. Mira Verde Tbilisi is a Tbilisi project priced in dirhams, and Mardi Hills is a Batumi project by another developer; they are named for context, not comparison. For the wider picture, the Georgia page and the Batumi city page list the projects by place.

NEXT (developer)

Everything in this section comes from the developer’s own pages, and the claims are the developer’s. On its About page, NEXT describes itself as an international developer from Georgia, founded by Kakha Devadze in Batumi, whose first project was NEXT Orange. Its home page gives about 8 years in real estate development and lists offices in Batumi, Tbilisi, Dubai and Warsaw, with a further office in Tatu City, Kenya.

The company-history section of the About page dates the start of NEXT Apartments, NEXT Green and NEXT White to 2018 and the launch of NEXT Hotels and the Wyndham Residences partnership to 2020. For 2021 it names Radisson Blu Residences and NEXT Collection, and for 2022 NEXT Address, NEXT Coral and NEXT Gardens. Its entry for 2024 carries the caption “NEXT Oriental, Villa Perla & Magnolia”. Hotel partners named on the page are Radisson Hotel Group and Wyndham Hotels & Resorts.

The portfolio on the project pages spans Georgia, the United Arab Emirates, Spain and Kenya. Completed and sold-out projects are shown on the home page, and the developer’s pages give no count of delivered units. No awards, rankings or sales figures are reproduced here. The brand is NEXT, with a mobile application called NEXT Property that the page says supports booking management, payments and finances. The guide leaves out the developer’s phone numbers and e-mail addresses.

Frequently asked questions

What is NEXT Magnolia Batumi?

NEXT Magnolia Batumi is an apartment building of 15 residential floors that the developer NEXT places near Batumi’s New Boulevard. The page lists studios, one-bedroom and two-bedroom apartments of 31.9 to 86.3 m², each priced without and with renovation, a lobby, reception, restaurants, shops, a fitness centre and parking. It is under construction, with December 2028 on the handover tile. The page publishes no unit count and no street address.

What prices does the developer publish for NEXT Magnolia Batumi?

The starting prices without renovation are USD 49,000 for a studio of 31.9 m², USD 63,000 for a 1+1 of 52.5 m² and USD 87,840 for a 2+1 of 73.2 m². With renovation they are USD 57,420, USD 105,000 and USD 146,400. The “up to” prices without renovation are USD 51,330, USD 89,030 and USD 125,135. Prices are starting values from the page of 8 November 2026 and can differ from a contract price.

When is the handover of NEXT Magnolia Batumi?

The handover tile shows December 2028. A text block on the same page says the project will be fully completed turnkey in April 2029. Both are the developer’s statements, and neither is a contract date. The 29 instalments of the payment plan, counted monthly from December 2026, would end in April 2029. The sale agreement is the document that fixes the handover date and the consequence of a delay.

How does the 20% down, 29-month payment plan work?

The buyer pays 20% first and the remaining 80% in 29 instalments at 0%, monthly or quarterly. On the USD 49,000 studio, that is USD 9,800 first and USD 1,352 a month; with renovation it is USD 11,484 and USD 1,584. The page shows the calculation only for the studio. It states no start date for the count, so the due date of the last instalment should be asked for in writing.

What is the price per square metre?

The page prints none, so it is calculated. Without renovation the smallest 1+1 and 2+1 are USD 1,200 per m² and the largest units USD 1,450 per m², while the smallest studio is USD 1,536. With renovation the larger types are USD 2,000 per m² and the studio USD 1,800. These rates come from the developer’s printed prices and sizes, and the contract area decides the final rate.

What does the without-renovation price include?

The page does not itemise it. It marks the with-renovation state as “Included” and the other as “Not included”, lists building-level systems such as central heating and low-emissivity glass, and says apartments have fully equipped kitchens. The developer’s home page names renovation packages from USD 650 per m² and turnkey packages from USD 900 per m². A written specification should be attached to the sale agreement.

Is a foreign buyer allowed to own an apartment here?

As far as the sources read here show, yes. The Civil Code asks for a written transaction and entry of the buyer’s right in the Public Registry, and the one ownership restriction met in an apartment purchase, the agricultural land law, does not reach an apartment. The developer’s page also describes the purchase for foreign buyers. Exact title terms for the unit are set in the preliminary purchase agreement and shown in the registry.

Does NEXT Magnolia Batumi qualify for a residence permit?

Georgian law grants a short-term residence permit to an owner of property, other than agricultural land, with a market value exceeding USD 150,000 equivalent, set by a certified assessor. Every price printed for the project, up to USD 146,400, is below that line. The assessor’s valuation, not the contract price, is the test, and the Public Service Development Agency decides the application.

Which taxes can a foreign owner face?

The Tax Code lists property tax of 0.8% to 1% of market value, with an exemption where the previous year’s family income did not exceed GEL 100,000, and 5% on residential rent when the individual makes no deductions. The surplus from a sale is taxed at 5%, but a residential apartment held for over two years is exempt. Personal circumstances and tax residence change the result.

How does registration of the buyer’s right work, and what are the fees?

The parties sign a written contract, with signatures confirmed by a notary or at the National Agency of Public Registry, and the agency registers the right. It lists GEL 150 for a four-working-day registration, GEL 270 for one working day and GEL 350 for the same day, plus GEL 7 for signature confirmation. At GEL 2.5949 per US dollar, GEL 150 is about USD 58. Notary and other professional fees are separate.

Sources and last check

Last checked: 8 November 2026. Sources:

• NEXT: NEXT Magnolia project page
• NEXT: About page
• NEXT: home page
• Civil Code of Georgia, Articles 183, 311¹ and 312 (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: 2024 Population and Agricultural Census, preliminary results
• Geostat: Inbound tourism statistics, 2025
• Geostat: Residential Property Price Index, III quarter of 2026
• Visit Adjara: Batumi Boulevard
• Batumi International Airport: contact information
• Hague Conference on Private International Law: Apostille Convention status table

This is not legal, tax or financial advice.