W2 Varketili V Tbilisi: 10 Flats From USD 61,920 (2026)

W2 Varketili V Tbilisi is a ten-storey residential building on the III microdistrict of Varketili in Tbilisi, shown on w2.ge as Block 31 of the developer Tetri Kvadrati, and on 12 November 2026 the developer’s floor pages list 10 flats for sale in it, priced from USD 61,920 to USD 93,000.

This guide to W2 Varketili V Tbilisi sets the developer’s English, Russian and Georgian pages beside the earlier w2 site and the Korter listing. The pages do not agree on the number of flats, the smallest flat, the finish wording or the handover date, so each figure appears with its source and date, and the guide does not choose between them.

Around those tables it adds sourced background on Varketili and its transport links, the way a foreigner buys, registers and pays tax on a flat in Georgia, and a list of what a buyer can ask for in writing before paying anything.

Overview of W2 Varketili V Tbilisi

The developer’s w2.ge project page describes the building as a residential complex for people who value location, a modern living environment and construction quality, at an address given in English as Tbilisi, Varketili, III Microdistrict, Block X, Building 9. The page was read on 12 November 2026. It sorts the building under “Ongoing” on the w2.ge projects list, which carries the label “Available: 10 Apartments”.

Everything a buyer can act on sits in the ten flat records. Each has a floor, a number, a total area, a USD price and a plan, and every one is priced at USD 1,200 per m². Section 3 walks through the floors, section 4 through the prices and section 5 through the room areas printed on the plans. The remaining flats in the building are shown as sold or are not drawn at all, as section 3 explains.

The key figures are gathered below. Where sources differ the cell says so and section 2 gives the detail. All prices are asking prices printed on the site; the developer’s terms page says prices, areas and availability may change without notice.

Images on the page are developer renders and three-dimensional illustrative plans. The site’s terms page, which is in Georgian, says visuals, renders and plans may be illustrative and that the final result may differ from what is shown.

What each source prints: flat totals, handover, finish and status

Five sources describe the building: the English, Russian and Georgian pages of w2.ge, the earlier w2 site at old.w2.ge and the Korter listing. They were all read on 12 November 2026. The differences are small in kind but they touch the figures a buyer relies on, so the table below lays them side by side instead of choosing one.

Three observations follow from the table. First, the figure of 90 flats and the 34.4 m² minimum on Korter match the earlier w2 site, while the current English and Russian pages say 92 and 34.1 m². The Georgian page gives a third pair, 129 and 35.1 m². The pages do not explain the difference, and none of the current pages prints a sold count.

Second, the handover appears only where the text is in Georgian or comes from Korter. The English and Russian project pages, the floor pages and the apartment pages print no date. A date written in the sale contract is the one that binds, which is why it heads the list in section 9.

Third, the finish wording is not uniform. “Semi-finished” in English and “white frame” in Russian and Georgian may describe the same state, but the pages do not define either term, and none of them shows the finish flat by flat. Section 9 asks for a written definition for the specific flat.

Two further items are worth recording. The listing data behind the site carries a field saying one block of one is completed, which sits oddly with the “Ongoing” label; the field has no explanation on the page, and the guide treats the label as the status. Korter also states a cadastral number, 01.19.20.028.013, which is the broker’s statement and has not been matched against the Public Registry here.

Korter’s page says prices and availability were up to date as of 3 November 2026 and shows ten listings, which is the same count as the developer’s floor pages nine days later. That agreement concerns the number of flats for sale, not the building total.

Floors and flats: where the 10 flats for sale sit in the building

The building has ten floors, and the w2.ge floor selector shows each one as either “Available” with a count or “All apartments sold”. On 12 November 2026 the counts add up to ten. Floor 9 has the most, with three, followed by floors 1 and 10 with two each, and floors 4, 5 and 7 with one each. Floors 2, 3, 6 and 8 have nothing for sale.

The floor maps are not a full census of the building. They draw 46 flats in all, ten for sale and 36 sold, and the drawn numbers run from 5 to 90. Floor 2 has no flat drawn at all although the selector lists it, and floors 3 and 6 show one and four sold flats against the “all sold” label. A buyer should therefore read the maps as the developer’s sales display and not as a record of every flat.

One pattern in the numbers is worth noting without drawing a conclusion from it. Floors 9 and 10 carry nine consecutive numbers each, 73 to 81 and 82 to 90, and 90 is the highest number drawn anywhere. That coincides with the 90-flat figure on the earlier w2 site and on Korter, but the current pages print 92 and 129, and the maps do not settle which total is right.

The ten flats for sale are spread unevenly in size. The biggest flat (apartment 7, 77.5 m²) is on floor 1, the two-bedroom flats are on floors 7 and 9, and the smallest flat for sale (apartment 76, 51.6 m²) is on floor 9. The prices, however, do not follow the floor, as the next section shows.

The floor pages are public on w2.ge: for example the page for floor 9 lists apartments 73, 74 and 76 with their areas and USD totals. The apartment pages repeat the price in lari and show the plan as a downloadable file, which this guide does not reproduce.

Asking prices: a flat USD 1,200 per m² and what surrounds it

Every flat for sale is priced at USD 1,200 per m² of total area. The check is simple arithmetic: each USD total on the floor pages equals the area times 1,200, from apartment 76 (51.6 m², USD 61,920) to apartment 7 (77.5 m², USD 93,000).

The apartment pages show the same flats in lari at GEL 3,112 per m², and the page data states a conversion rate of 2.5933 lari to the dollar, which is the rate the National Bank of Georgia currency page showed when it was read on 12 November 2026.

The next table groups the same records by type. The site’s “rooms” count includes the living room, so a flat labelled 2 rooms has one bedroom, 3 rooms has two and 4 rooms has three; Korter uses the same room labels. Figures in the last column are calculated from the printed prices.

Because the rate per square metre is the same on every flat, the total price rises only with area. A flat on floor 1 costs no more or less per square metre than one on floor 10, and the 77.5 m² three-bedroom flat costs USD 31,080 more than the 51.6 m² one-bedroom flat, which is exactly 25.9 m² at USD 1,200. The pages print no floor, view or orientation adjustment, and none for the finish option.

Because the finish is not shown per flat, the price table cannot say what the USD 1,200 buys: the English page offers “semi-finished or fully renovated”, the other pages white frame or full renovation. If the same rate applies to both states, the finish is a point to confirm in the price list; if it does not, the price list should show which state each USD figure belongs to.

The developer prints no instalment schedule. The payment-plan selector on each apartment page offers a “Custom Plan” and no other option, and the plan list behind it is empty. Korter says a buyer can use a mortgage or own funds and mentions no instalment plan. The only figures in this guide are therefore the cash asking prices above.

For context, the table below sets the USD 1,200 rate beside other published figures. They come from different bases (asking prices on a listing site, registered sale prices, different months), so they are shown side by side and not compared. None of the sources assigns this building to a market category.

The Samgori figure is a year older than the others and refers to resale flats, not new-build asking prices. The Korter range is a snapshot of cards on a listing site that the site does not date. These notes are the reason the guide leaves the comparison to the reader.

Inside the flats: room areas printed on the apartment pages

Each apartment page carries a room breakdown behind the plan. For all ten flats the breakdown adds up exactly to the total area, which means the printed total includes the balconies and, in two flats, a small auxiliary room. That is a measurement convention a buyer should confirm in the contract, because the price per square metre is applied to the total.

All ten plans combine the living room and kitchen in one space, which the pages label “Living Kitchen”. It takes between 25.7 m² (apartment 33) and 37.2 m² (apartments 56 and 74) and between 37 and 60 percent of the total area. The share is highest in the smaller one-bedroom flats and lowest in the three-bedroom flat, where three bedrooms use 40.9 m².

Each flat shows a single bathroom of 4.3 to 6.5 m². Each plan lists a balcony of 2.7, 2.9 or 3.2 m², and six of the ten plans add one or two further balcony entries of 0.5 m². The two-bedroom flats on floors 7 and 9 list three balcony entries (2.7, 0.5 and 0.5 m²), a detail that matters when the area is measured.

The plans are three-dimensional layouts that the developer calls illustrative. Furniture, wall thicknesses and fittings drawn on them are not a specification. A buyer who relies on an area or a layout feature should ask for the dimensioned drawing of the exact flat and the finish schedule that goes with the contract.

Location of W2 Varketili V Tbilisi: Varketili, the Kakheti Highway and the metro

Varketili is a residential district in the east of Tbilisi, in the Samgori District, and the building stands on its III microdistrict, in a block the address calls Block X. The w2.ge map places it at 41.685145, 44.88382; Korter’s map shows a point that differs slightly. In wider terms the Geostat 2024 census counted 1,331,485 people in Tbilisi, up 222,768 (20.1 percent) from 1,108,717 in 2014.

Transport is the first thing the sources describe. Varketili station is the last stop of the Akhmeteli-Varketili metro line, after Samgori, and the Wikipedia article on the station calls it the metro station closest to the airport. Korter puts the station about a fifteen-minute walk from the building.

The station has been under rehabilitation: Georgia Today reported on 11 March 2026 that the full 06:00 to 00:00 schedule resumed on 16 March 2026 while works continued, and Georgia Today on 28 August 2026 that the rehabilitation deadline had been set at 30 December 2026.

On the road side Korter lists a bus stop 440 m away on the Kakheti Highway, served by routes 312, 322, 337, 341, 361, 396 and 399 and by minibuses 415, 456, 489, 524 and 582, with buses at four-minute intervals according to Korter. It also gives the Naftlugi railway station and the Samgori bus terminal as 3 km away, the Ortachala bus station as less than 10 km away, and Shota Rustaveli International Airport as 15 to 20 minutes by car depending on traffic.

For daily needs Korter’s page names public schools 108, 109, 117, 139, 176, 90, 157, 145, 146 and 182 and kindergartens 37, 163 and 210 within a three-kilometre radius, together with three private schools. It lists the Synevo laboratory, Evex Clinic and Tbilisi Central Hospital for health care, and Varketili Market, Carrefour City, Spar and Nikora among the shops. These are the broker’s lists; their opening hours and quality are not checked here.

A caution on the numbers: Korter does not say whether its distances are straight-line or by road, and its walking and driving times are estimates. A buyer who depends on a particular commute, school or clinic can test the route on site at the hour that matters. Current metro and bus timetables are taken from the transport operator on the day of travel.

The surrounding building activity is visible too. The Korter list of new developments in Varketili shows 30 projects, so the building is one of many new blocks in the district, and Korter does not date that list. The guide uses it only as description and draws no conclusion about supply or prices from it.

Buying in Georgia: contract, registration and signing from abroad

Georgian law lets a foreigner own a flat on the same terms as a citizen. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s ownership right in the Public Registry before ownership of an immovable thing passes.

The one category that is closed to foreigners is agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership reserves for the state, municipalities, citizens and certain Georgian entities, and a flat in a residential block is not agricultural land. The guides on whether foreigners can buy property in Georgia and on how to buy property in Georgia cover the same ground in plain language.

For a building still under construction the sequence is set by the contract. The developer’s terms page, in Georgian, says that filling in a form on the website does not reserve a property and that any transaction takes effect only when the relevant contract is signed. The registry’s fee page lists registration of a right to immovable property at GEL 150 for four working days, GEL 270 for one working day and GEL 350 on the day of filing; at GEL 2.5933 to the dollar those are about USD 57.8, 104.1 and 135.0.

A buyer who cannot attend has two common routes. One is a power of attorney legalised for use in Georgia: the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007. The other is the registry’s smart-contract service, which registers rights online through a booked video meeting. Which route the developer accepts is something to settle in writing.

Two cautions apply to this building in particular. The first is that a registry extract is a snapshot of the record on the day it is issued, so it is read together with the sale contract and repeated close to signing. The second is that the registry fee depends on the speed chosen and not on the price; costs charged by the developer, a notary or a lawyer are separate and are not printed on w2.ge.

Taxes, residence and financing for a foreign buyer

The rules on property tax for individuals were amended by Law No. 1874 of 30 September 2026, which the English text of the Tax Code on matsne.gov.ge lists among its amendments. Under Article 206(1)(a) a natural person’s taxable property other than land is exempt where the family’s income in the preceding year did not exceed GEL 100,000. For households above that line Article 202(5) sets a rate of 0.8 to 1 percent of the market value at the end of the preceding year.

The EY Georgia brief for July to September 2026 records that the exemption threshold was GEL 40,000 before the amendment, which is why guides written earlier quote older bands.

A natural person files the property tax return by 1 November and pays by 15 November under Article 205, and the Revenue Service page offers a calculator. Article 201 names real estate “including an unfinished construction” as taxable property of a natural person; whether a buyer under an off-plan contract counts as owner for this purpose is a question for the contract and the registry record. The guide to property tax in Georgia covers filing.

Other taxes follow the same Code. Article 81 taxes residential rent received by an individual who makes no deductions at 5 percent, the general personal rate is 20 percent, and the surplus on the sale of a residential apartment is taxed at 5 percent, with Article 82(1)(f.a) exempting that surplus where the apartment was owned for more than two years. Article 166 sets VAT at 18 percent; a buyer should see in the contract whether the quoted price already contains it.

On residence, the Public Service Development Agency sets out a short-term permit for an alien who owns immovable property in Georgia, agricultural land excepted, whose market value exceeds USD 150,000 in lari equivalent and is established by an accredited assessor. The Law on the Legal Status of Aliens and Stateless Persons states the same test, and the SDA page describes a separate investment permit for property exceeding USD 300,000.

The ten flats for sale here ask USD 61,920 to 93,000, each below USD 150,000. The test is the assessed market value and not the contract price. The guide to getting a residence permit in Georgia sets out the routes.

On financing, the National Bank of Georgia page sets a loan-to-value limit of 90 percent for loans in lari and 70 percent for foreign-currency loans, with payment-to-income limits of 25 percent (lari) or 20 percent (foreign currency) for net monthly income below GEL 1,500, and 50 and 30 percent from GEL 1,500. Terms for non-residents differ from bank to bank, and the guide to mortgages for foreigners in Georgia explains the usual conditions.

Korter shows a TBC Bank calculator example at “from 7.4%” nominal and “from 8.3%” effective on a USD 52,632 loan, which is the broker’s calculator and not a bank offer.

No bank page naming this building was found. The BasisBank partner-developer page lists Tetri Kvadrati as a partner developer for a different, completed project, so a buyer who wants a mortgage can ask the bank directly whether the building is accepted as collateral and on what terms.

This section states the rules as published on the official pages on 12 November 2026. Rates and thresholds can change, and a notary, lawyer or tax adviser is the right person to apply them to a particular buyer.

What to ask for in writing before reserving

Several points about W2 Varketili V Tbilisi are open on the public pages, and each one can be turned into a document or a written answer. Some belong in the reservation form, the rest in the sale contract. The unit number is the anchor for every item.

1. The price list with unit numbers, floors, areas and the date of issue, showing which finish each price covers.
2. The handover date stated in the contract, the definition of handover, and the remedy the contract gives if the date is missed.
3. The total number of flats in the building, in writing, given that the pages print 92, 129 and 90.
4. A written definition of “semi-finished”, “white frame” and “full renovation” for the chosen flat: what is installed, what is left to the buyer, and whether the price differs between the states.
5. The full legal name and registration details of the entity that signs the contract and of the owner of the land.
6. The cadastral code and a Public Registry extract showing the owner and any registered burdens.
7. The construction permit and the approved design for the building, including the floor count and the floor of the chosen flat.
8. The payment schedule, the account or escrow that receives each payment, and the refund rule for any reservation deposit.
9. The terms of any instalment plan behind the “Custom Plan” option: the schedule, any added cost and the effective cost compared with the cash price.
10. How the contract area is measured and whether balconies and auxiliary rooms are in the area on which the price per square metre is charged.
11. The dimensioned plan of the flat and the finish schedule, not only the illustrative layout.
12. Whether the quoted price covers VAT, the registry fee and any cost of preparing a power of attorney.
13. The service charge and the owners’ share of the shared parts, the parking arrangement and the rules for the courtyard and recreation area.
14. The terms of the Key Card programme for this building: who receives it, from when and on what conditions, since the project page does not say.
15. If signing from abroad, the form of power of attorney or the booked registry meeting that the developer accepts.
16. The mortgage banks that accept the building and the conditions they apply.

The list is the ordinary due-diligence set for a purchase in a building that is still under construction and implies nothing about the building or its developer. A written reply to each item, attached to the reservation, is what lets a buyer compare this building with others on equal terms.

How W2 Varketili V Tbilisi sits among the w2 projects and other Tbilisi listings

w2.ge lists eleven ongoing projects on 12 November 2026 and six completed ones. Ten of the ongoing projects with flats for sale are on this site; the table gives each address as the developer prints it and the number of flats the projects page shows as available. The other Varketili listings are the closest comparison, because they share the district and the Shuamta Street area, but each has its own price rate and flat count.

Within Tbilisi the portfolio also includes buildings from other developers, listed with their own published figures: NEXT Oriental Tbilisi in Ortachala (December 2028 per the developer), Tbilisi DownTown in Avlabari, NEU Tbilisi, and the Archi Akhmeteli Tbilisi listing in Gldani and the Archi Alley Tbilisi listing in Didi Dighomi, where archi.ge prints no price and the figures come from third parties. Those are context only; each guide has its own sources and dates.

The m2 projects on the site give another point of reference for how Tbilisi developers print prices: m2 Highlight Tbilisi and m2 at Mirtskhulava Tbilisi state asking prices per flat, while the Archi guides record that archi.ge prints none. For the wider picture see the pages for Georgia, Tbilisi and the guide to Tbilisi real estate prices.

Tetri Kvadrati (developer)

This section uses only what the developer’s own pages and the pages it points to state. The About page says that the development company “Tetri Kvadrati” is part of BK Holding, an ecosystem that combines the construction company BK Construction and the construction college Construct2, and that BK Construction has been creating projects in Georgia for over 30 years. The page lists Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner, and says the company brings together projects in Tbilisi and Kutaisi.

The projects list read on 12 November 2026 shows eleven projects under “Ongoing” and six under “Completed”. The developer’s home page carries counters that the developer states as figures of its own, such as completed projects and completed apartments; they are the developer’s claims and are not verified here. The site’s terms page names White Square (Tetri Kvadrati) as the operator of the website, and the page does not give a registration number.

The developer’s Key Card page describes a “Key Card” for residents, which it says brings together up to 50 partner companies with discounts and special offers on renovation materials, furniture, appliances, sports and similar categories. The discount labels on the partners shown range from 10 to 50 percent. The page does not say which buildings’ buyers receive the card or from what date.

Frequently asked questions

How many flats are for sale in W2 Varketili V Tbilisi?

On 12 November 2026 the developer’s floor pages list 10 flats for sale: two on floor 1, one each on floors 4, 5 and 7, three on floor 9 and two on floor 10. Floors 2, 3, 6 and 8 read “All apartments sold”. Korter, with data dated 3 November 2026, also shows ten listings. The count of flats for sale is a snapshot that the developer’s terms say can change without notice, so the price list should be requested for the date of reservation.

What does a flat in this Varketili building cost?

The ten flats for sale are priced from USD 61,920 (apartment 76, 51.6 m²) to USD 93,000 (apartment 7, 77.5 m²), and every one is priced at USD 1,200 per m². In lari the apartment pages show GEL 3,112 per m², from GEL 160,577 to GEL 241,177. These are asking prices printed on w2.ge. The pages print no instalment plan, only a “Custom Plan” option, so the figures are cash asking prices.

When is W2 Varketili V Tbilisi due to be handed over?

The Georgian page of the developer gives “March 2028” as the completion deadline, and Korter gives the first quarter of 2028. The English and Russian pages and the earlier w2 site print no date. The guide does not choose between sources, and the date that binds is the one written into the sale contract, together with what the contract says handover means and what follows if it is not met.

How many flats does the building have in total?

The sources differ. The English and Russian pages of w2.ge say 92 flats, the Georgian page says 129, and the earlier w2 site and Korter’s description text say 90, while Korter’s characteristics table says 92. The pages do not explain the difference. A buyer can ask the developer to state the total in writing, together with the number of flats still unsold.

What finish do the flats have?

The English page says flats are delivered “semi-finished or fully renovated”; the Russian and Georgian pages and the earlier w2 site say white frame or full renovation. No page shows the finish flat by flat, and none defines the terms. Korter’s characteristics table says “green frame” in one field and white frame in its text. A written definition for the chosen flat is the safe step.

Can a foreigner buy a flat in W2 Varketili V Tbilisi?

Yes. Georgian law lets a foreigner own a flat, with agricultural land the one closed category, and a written contract followed by registration in the Public Registry transfers ownership. A buyer abroad can use an apostilled power of attorney or the registry’s smart-contract meeting. Whether the developer accepts a given signing route is a point to settle in writing.

Does buying a flat here give a residence permit?

The SDA describes a short-term residence permit for an alien holding property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, as set by an accredited assessor. The ten flats for sale here ask USD 61,920 to 93,000, below that figure each. The test is the assessed value, so the question belongs to the SDA and a lawyer.

What property tax applies to a flat in Varketili?

Since 30 September 2026 a natural person’s property other than land is exempt if family income in the previous year did not exceed GEL 100,000. Above that line the Tax Code sets a rate of 0.8 to 1 percent of the year-end market value. The filing date is 1 November and the payment date 15 November. The Revenue Service page has a calculator, and the rule is the same for any Georgian flat.

Are the plans and images in the listing accurate?

The images are developer renders, and the plans are three-dimensional illustrations. The developer’s terms page, in Georgian, says visuals, renders and plans may be illustrative and the final result may differ. The room breakdown on each apartment page adds up to the total area, including balconies. A dimensioned drawing for the exact flat is the proper basis for any decision about layout.

Where is W2 Varketili V Tbilisi and how is it connected?

It is on the III microdistrict of Varketili in the Samgori District of Tbilisi. Korter puts Varketili metro station about a fifteen-minute walk away and a Kakheti Highway bus stop 440 m away, and gives the airport as 15 to 20 minutes by car. The metro station was under rehabilitation, with full hours since 16 March 2026 and a completion deadline of 30 December 2026 per Georgia Today.

Sources and last check

Last checked: 12 November 2026. Sources:

• w2.ge: Varketili V, Block 31, English project page
• w2.ge: Georgian project page
• w2.ge: Russian project page
• w2.ge: floor 9 page (floor pages 1 to 10 read)
• w2.ge: apartment 87 page (all ten apartment pages read)
• w2.ge: projects list
• w2.ge: About page
• w2.ge: Terms and Conditions (Georgian text)
• w2.ge: Key Card page
• old.w2.ge: Varketili 5 (earlier w2 site)
• Korter: White Square Varketili 5 (data as of 3 November 2026)
• Korter: new residential complexes in Varketili
• GBC: construction permits for residential spaces decline by 10 percent, TBC Capital (3 November 2026)
• GBC: USD 3.2 bln of real estate sold in Tbilisi in 3Q26, Galt & Taggart (4 November 2026)
• GBC: average price of a square metre in Tbilisi, TBC Capital (26 November 2025)
• Georgia Today: Varketili metro station to resume full operating hours (11 March 2026)
• Georgia Today: Varketili metro rehabilitation deadline (28 August 2026)
• Wikipedia: Varketili (Tbilisi Metro)
• Geostat: Main results of the 2024 Population and Agricultural Census
• Matsne: Tax Code of Georgia, English text
• Matsne: Civil Code of Georgia
• Matsne: Law on the Legal Status of Aliens and Stateless Persons
• Matsne: Organic Law on Agricultural Land Ownership
• SDA: residence permits
• NAPR: immovable property registration fee
• NAPR: informational services fee
• NAPR: smart contract
• NBG: PTI and LTV requirements
• NBG: official exchange rates
• Revenue Service: property tax
• HCCH: Apostille Convention status table
• EY Georgia: Tax and Law Brief, July to September 2026
• BasisBank: partner developers, Tetri Kvadrati page

This is not legal, tax or financial advice.