W2 Varketili VI Tbilisi: Prices and Sources Guide (2026)

  • From $49,560
Varketili, Tbilisi, Georgia
  • W2V63028
  • Property ID
  • Apartment
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom
  • 42 - 50.2
  • sq. m.
For Sale
W2 Varketili VI Tbilisi: Prices and Sources Guide (2026)
Varketili, Tbilisi, Georgia
  • From $49,560

Description

W2 Varketili VI Tbilisi is described by the developer as a 10-storey block at 38A Shuamta Street in Varketili, and on 12 November 2026 its pages list eight apartments as "Available" while each of the eight apartment pages shows the status "Reserved" and no flat is shown as free.

W2 Varketili VI Tbilisi render of the block facade with balconies

This guide to W2 Varketili VI Tbilisi reads the w2.ge project page as it stood on 12 November 2026: eight flats of 42.0 to 50.2 m² at a printed USD 1,180 per m², December 2028 as the completion date, 85 apartments in the description and 38 in the sales data. Each figure is given with its source and date, and where pages differ the guide shows both and does not pick one.

It also sets out what w2.ge does not print (finish level, instalment terms, construction progress), sourced context on Varketili and its metro station, the Georgian rules on registration, tax, residence and mortgages, and a list of what a buyer can ask for in writing.

Overview of W2 Varketili VI Tbilisi

The project is called Varketili VI on w2.ge, the site of the Tbilisi developer Tetri Kvadrati, whose brand is w2 and whose English name is also written White Square. The project record is number 102 and has one building, Block 1, at 38A Shuamta Street, Varketili, Tbilisi. The developer’s description, read on 12 November 2026, calls it a residential development on Shuamta Street with 85 apartments, commercial spaces and a one-level parking area, and gives the completion date as December 2028.

Rendering of the Varketili VI block facade at dusk, ten storeys with balconies

For a reader of W2 Varketili VI Tbilisi the central fact on that date is the stock status. The projects list and the floor map print "Available: 8 apts", but the apartment page of each of those eight flats (numbers 8, 9, 16, 32, 76, 83, 84 and 85) shows a "Reserved" badge and the apartments filter lists them as Reserved. No flat is shown as free.

The pages do not say what a reservation involves or how long it lasts, so whether any of the eight returns to sale is a question for the sales office.

What the pages do print is a price for each of the eight: USD 49,560 to 59,236, all at USD 1,180 per m², for areas of 42.0 to 50.2 m². These are asking prices recorded on 12 November 2026 from the page data of flats that are currently reserved, so they describe how the developer priced these units, not an offer that can be accepted today. The sections below give the full table, the floor-by-floor map and the points where the pages differ.

W2 Varketili VI Tbilisi: key fact As printed or counted Source and date
Project and block Varketili VI, project 102, Block 1 w2.ge project page, 12 Nov 2026
Address 38A Shuamta St., Varketili, Tbilisi (Samgori District) w2.ge; Wikipedia, Samgori District
Map coordinates 41.6878354, 44.8793592 w2.ge project map, 12 Nov 2026
Developer Tetri Kvadrati (brand w2; also White Square) w2.ge About page, 12 Nov 2026
Status Ongoing; block status "active"; no construction percentage published w2.ge projects list, 12 Nov 2026
Completion December 2028 (English, Russian and Georgian pages agree) w2.ge project page, 12 Nov 2026
Building (developer text) 10-storey; 85 apartments, commercial spaces, one-level parking area w2.ge project page, 12 Nov 2026
Flats in the sales data 38 of 85: 30 sold, 8 reserved, 0 free w2.ge floor pages 2 to 11, counted 12 Nov 2026
Flats priced on the site 8 (all reserved): USD 49,560 to 59,236 w2.ge apartment pages, 12 Nov 2026
Area of the priced flats 42.0 to 50.2 m² w2.ge apartments filter, 12 Nov 2026
Price per m² USD 1,180 on every priced flat w2.ge apartment pages, 12 Nov 2026
Finish level Not stated w2.ge, 12 Nov 2026
Payment plans "Full Payment" only; a custom plan is offered on request w2.ge apartment pages, 12 Nov 2026

What each page prints about stock, sizes, floors and completion

The developer’s pages are the only source that describes this building, and they do not all agree with each other. Korter, the listing portal that carries the sibling projects Varketili IV and V, does not list 38 or 38A Shuamta Street at all on its Varketili page (checked 12 November 2026), and no press article about this specific building was found. The table sets each figure beside the page that prints it. It is a record of what the pages say, not a ruling on which is right.

Floor 11 plan of Varketili VI Block 1 showing apartment layouts
Item Figure printed Where and when
Flats shown as available "Available: 8 apts" on the projects list and the Block 1 floor map w2.ge, 12 Nov 2026
Status of those eight flats "Reserved" on all 8 apartment pages (nos. 8, 9, 16, 32, 76, 83, 84, 85); free flats: 0 w2.ge apartment pages and filter, 12 Nov 2026
Apartments in the building 85 residential apartments, plus commercial spaces and one parking level w2.ge description in English, Russian and Georgian; w2.ge blog post of 20 July 2026
Apartments in the sales data 38 (30 sold, 8 reserved); the other 47 are not shown in any state Counted from w2.ge floor pages, 12 Nov 2026
Smallest flat Description: sizes "start from 38.9 sq m"; smallest flat in the sales data: 42.0 m² (no. 85) w2.ge description and filter (minimum area 42), 12 Nov 2026
Number of floors "10-storey" in the description; floor selector lists floors 2 to 11 w2.ge project page, 12 Nov 2026
Completion December 2028; the 20 July 2026 blog post gives no date w2.ge, 12 Nov 2026
Commercial space for sale None priced: the commercial filter shows no area or price for block 102_1 w2.ge commercial page, 12 Nov 2026
Third-party listing Not listed on Korter's Varketili page; Korter lists "White Square Varketili 4" (Shuamta St 40) and "5" Korter, 12 Nov 2026

Three of these rows need a plain reading. First, the word "Available" on the floor map counts flats that are not sold, and for this block that count includes flats whose own pages say Reserved; the guide therefore says "listed as available, shown as reserved" and does not describe any flat as open for purchase.

Second, the description says sizes start from 38.9 m², while the smallest flat that appears in the sales data is 42.0 m². The pages do not say whether smaller flats exist in the 47 units that are not shown, were part of an earlier layout or are a rounding of another measure, so the guide leaves the 38.9 m² figure as the developer’s text.

Third, the floor selector runs from 2 to 11, which is ten numbered floors and matches "10-storey" if floor 1 is a non-residential level; the pages do not say what floor 1 holds, only that it shows no apartments. The English, Russian and Georgian versions carry the same description; the Russian text opens with the name Tetri Kvadrati and the Georgian text with White Square, and the English text names neither.

Floor by floor in Block 1: where the sold and reserved flats sit

The floor pages of Block 1 are the main part of the public data, because each lists the flats that exist in the sales system with their status. Reading all ten (floors 2 to 11) on 12 November 2026 gives the table below. The counts are calculated from those pages, the label column is the developer’s own wording for the floor, and the unit numbers are the ones the pages show.

Floor Developer label Sold Reserved Flats shown Unit numbers shown
2 Available: 2 apts 1 2 3 1 (sold); 8, 9 (reserved)
3 Available: 1 apts 0 1 1 16 (reserved)
4 All apartments sold 1 0 1 24
5 Available: 1 apts 2 1 3 31, 33 (sold); 32 (reserved)
6 All apartments sold 2 0 2 40, 41
7 All apartments sold 4 0 4 44, 47, 48, 49
8 All apartments sold 7 0 7 50, 51, 52, 55, 56, 58, 59
9 All apartments sold 6 0 6 60, 63, 64, 66, 67, 68
10 Available: 1 apts 5 1 6 69, 71, 73, 75, 77 (sold); 76 (reserved)
11 Available: 3 apts 2 3 5 78, 79 (sold); 83, 84, 85 (reserved)
Total 30 8 38 of 85 apartments stated

Of the 38 flats shown, 30 are sold (78.9 percent) and 8 are reserved (21.1 percent), and the 38 are 44.7 percent of the 85 apartments in the description. These percentages are arithmetic on the page data. They are not a sales rate, because the pages do not say whether the other 47 numbers are sold, held back, still to be released or simply not exported to the public pages.

Floors 4, 6, 7, 8 and 9 carry the label "All apartments sold", and every flat shown on them is sold. The reserved flats sit on five floors: two on floor 2, one each on floors 3, 5 and 10, and three on floor 11, so floors 11 and 2 together hold five of the eight. The unit numbers rise with the floor number, from no. 1 on floor 2 to no. 85 on floor 11, consistent with 85 apartments numbered in sequence.

Gaps in the numbering are visible but unexplained. Floor 8 shows 50, 51, 52, 55, 56, 58 and 59, so numbers 53, 54 and 57 are absent; floor 9 shows 60, 63, 64, 66, 67 and 68, so 61, 62 and 65 are absent. The pages mark absent numbers neither as free nor as sold. A buyer who wants to know the state of a particular number can ask for the full unit schedule in writing.

The floor-11 page also carries a floor plan, and the apartment pages carry a plan and a room-by-room area table for each flat; the guide uses the area tables in the next section. The developer’s terms say that renders and plans may be illustrative, so a plan on the page is a starting point for the contract drawings, not a replacement for them.

The eight priced flats: sizes, rooms and the USD 1,180 per m² rate

Every flat with a price on the site is currently reserved, so the eight apartment pages record how the developer priced Block 1 rather than list flats to choose from. The table gives the page data as printed, with the lari equivalent at the National Bank of Georgia official rate of USD 1 = GEL 2.5933 on 12 November 2026 (NBG). The price is carried in the page data of each apartment page and in the price range of the apartments filter (USD 49,560 to 59,236).

Rendering of the covered parking level beneath the Varketili VI block
Apt Floor Rooms (w2.ge) Total area, m² Price, USD USD per m² Price in GEL (calculated) Status
85 11 2 42.0 49,560 1,180 128,524 Reserved
32 5 2 42.4 50,032 1,180 129,748 Reserved
76 10 2 42.5 50,150 1,180 130,054 Reserved
84 11 2 42.5 50,150 1,180 130,054 Reserved
9 2 2 44.7 52,746 1,180 136,786 Reserved
8 2 2 45.1 53,218 1,180 138,010 Reserved
16 3 2 45.1 53,218 1,180 138,010 Reserved
83 11 3 50.2 59,236 1,180 153,617 Reserved

w2.ge counts the living-kitchen as a room. Reading the room tables, the seven flats marked "2 rooms" each have one bedroom, a living-kitchen, a bathroom and a balcony, and the flat marked "3 rooms" (no. 83) has two bedrooms, a living-kitchen, a bathroom and two balconies. This is the guide’s reading of the breakdown, not a bedroom count the site prints.

The price ladder is short: USD 49,560 for the smallest flat and USD 59,236 for the flat with the greatest area, a gap of USD 9,676, or 19.5 percent of the lower figure.

The most useful thing in the data is what is absent: the price does not change with the floor. Flats on floors 2, 3, 5, 10 and 11 are all priced at USD 1,180 per m², so the total price moves only with the area. In the printed figures there is no surcharge for higher floors and no discount for lower ones, and the eight totals multiplied by the rate reproduce each printed price exactly (for example 42.0 m² times 1,180 is 49,560).

A second calculation uses the room tables. On each apartment page the room areas add up to the total area, so the balcony is inside the area that is priced. Balconies are 7.0 m² on the floor 2 and floor 3 flats and 4.2 m² on the others (no. 83 has 4.2 m² and 0.8 m²). The table below removes the balcony and shows what the same price means per m² of enclosed space. All figures are calculated from the developer’s room tables.

Apt Bedroom(s), m² Balcony, m² Bathroom, m² Living-kitchen, m² Area without balcony, m² USD per m² without balcony Living-kitchen share of total
85 11.9 4.2 4.8 21.1 37.8 1,311 50.2%
32 12.2 4.2 4.9 21.1 38.2 1,310 49.8%
76 12.2 4.2 4.9 21.2 38.3 1,309 49.9%
84 12.2 4.2 4.9 21.2 38.3 1,309 49.9%
9 11.8 7.0 4.8 21.1 37.7 1,399 47.2%
8 12.1 7.0 4.3 21.7 38.1 1,397 48.1%
16 12.1 7.0 4.9 21.1 38.1 1,397 46.8%
83 11.8 and 10.5 4.2 and 0.8 4.4 18.5 45.2 1,311 36.9%

A balcony changes the per-m² figure. The four 42 m² flats on floors 5, 10 and 11 work out at about USD 1,310 per enclosed m², while the three flats with the 7.0 m² balcony on floors 2 and 3 work out at about USD 1,400, although all are priced at USD 1,180 on total area. This is a way of reading the same prices, not a judgement on any flat.

Finally, none of the eight areas is 38.9 m², and the enclosed areas of the seven one-bedroom flats lie between 37.7 and 38.3 m². The pages give no definition of the 38.9 m² figure, so it is not linked here to any unit. The apartment pages print no orientation, ceiling height or finish.

Price indications by source and date, and how USD 1,180 per m² compares

A single developer price is easier to read beside others, provided each is labelled by who printed it and when. The table below places the Varketili VI rate next to the sibling w2 projects in Varketili and Samgori, the Korter listing page for Varketili, and the latest Tbilisi-wide primary-market average the guide could verify. Listing-site and market figures are indications, not prices of this project.

Source Date Figure What it covers
w2.ge, Varketili VI 12 Nov 2026 USD 1,180 per m²; USD 49,560 to 59,236 8 flats, all reserved; Shuamta St 38A
w2.ge, Varketili IV 12 Nov 2026 USD 1,200 per m²; USD 58,440 to 93,120 5 flats shown as available; Shuamta St 40; completion March 2028
w2.ge, Varketili V 12 Nov 2026 USD 1,200 per m²; USD 61,920 to 93,000 10 flats listed; Varketili III microdistrict, Block X, Building 9
w2.ge, Urban East 12 Nov 2026 USD 1,110 to 1,245 per m² by unit type 63 Kakheti Highway, Samgori; completion December 2028
Korter, new projects in Varketili 12 Nov 2026 (no as-of date on page) White Square Varketili 4: from USD 58,440, USD 1,200 per m²; White Square Varketili 5: from USD 61,920, USD 1,200 per m² Listing-site indication for two sibling projects
Korter, same page 12 Nov 2026 Entries with a per-m² figure run from USD 970 to USD 1,350; the page also prints "Samgori from USD 1,173 per m²" Listing-site indication for new builds in Varketili and Samgori
Galt & Taggart via Georgia Today 31 Mar 2026 (data for February 2026) Tbilisi primary-market average USD 1,398 per m²; secondary USD 1,304 per m² Whole of Tbilisi, not Samgori

The arithmetic is short. The Varketili VI rate of USD 1,180 is USD 20 per m² below the USD 1,200 printed for Varketili IV and V, a difference of 1.7 percent. It is USD 218 per m² below the Galt & Taggart primary-market average for Tbilisi in February 2026, or 84.4 percent of that average. It sits inside Korter’s range of USD 970 to 1,350 per m² and USD 7 per m² above the Samgori starting figure Korter prints. None of this says one price is better value than another.

Several limits apply. The projects differ in completion date, floor, finish and, on the sibling pages, in the share of area that is balcony. The Korter figures carry no as-of date, so they show where asking prices sat when the page was read. The Galt & Taggart average covers every primary-market flat in Tbilisi and is dated February 2026, while the w2.ge figures are dated 12 November 2026. A buyer comparing offers should ask each developer for a dated price list with unit numbers.

At the lari rate used above, the Varketili VI rate equals GEL 3,060 per m². At the same rate, USD 1,200 per m² would be GEL 3,112 per m². The currency of the contract matters, so a written price list should state whether the price is in dollars or lari and how a change in the exchange rate is handled.

Location of W2 Varketili VI Tbilisi: Shuamta Street, Varketili metro and Samgori District

Varketili is a residential neighbourhood on the eastern side of Tbilisi. Wikipedia lists it among the neighbourhoods of Samgori District, together with Orkhevi, Dampalo, Lilo, Navtlughi-2, Africa, Alekseevka, the Airport Settlement and Zeemka, and gives the district a population of 177,844 in 2017, citing Geostat. For scale, Geostat’s population release of 24 April 2026 puts Tbilisi at 1,369.4 thousand people and Georgia at 3,941.1 thousand on 1 January 2026 (Geostat), so the capital holds more than a third of the country, as Geostat notes.

Two renderings of the Varketili VI block from different corners

The project’s own location text is general. The description says the building is in "a modern urban setting with well-developed infrastructure, commercial facilities, and a wide range of everyday services", and the page names no school, clinic, market or park. This guide therefore gives no distances for such places; it sticks to those it can source and compute, namely the metro, the city centre and the airport. A buyer who wants the nearest school or clinic can ask for the developer’s map or check the street on the ground.

The nearest rail transport is Varketili station, the last station of the Akhmeteli-Varketili metro line. Using the project coordinates printed on w2.ge and the station coordinates in Wikipedia, the straight-line distance is about 0.83 km, and a car route calculated on 12 November 2026 with the public OSRM routing service (Project OSRM) is about 1.51 km. Neither is a walking distance or a developer figure. The table gives the same calculation for other reference points.

Nearby place (W2 Varketili VI Tbilisi) What it is Straight line, km Car route, km Source of coordinates
Varketili metro station Terminus of the Akhmeteli-Varketili line 0.83 1.51 Wikipedia
Samgori metro station Next station towards the centre 2.08 3.21 Wikipedia
Isani metro station Second station towards the centre 3.19 4.33 Wikipedia
Freedom Square Central Tbilisi; metro station Tavisuplebis Moedani 6.48 8.07 Wikipedia
Station Square (Sadguris Moedani) Metro station near the central railway station 7.82 10.54 Wikipedia
Tbilisi International Airport Airport 6.59 10.65 Wikipedia

The metro line gives a simple count of stops. Reading the route diagram on Wikipedia’s page for the line, the stations after Varketili are Samgori, Isani, 300 Aragveli, Avlabari and Tavisuplebis Moedani (Freedom Square), which makes Freedom Square the fifth station, and Rustaveli, Marjanishvili and Station Square follow, which makes Station Square the eighth. The line opened on 11 January 1966, runs 19.6 km and has 16 stations. The guide gives no journey times because none was found on an official page.

Varketili metro station: fact As reported Source and date
Position on the line Last station; Samgori is the adjacent station Wikipedia
Opening year November 1981 on the station page; the line page lists the Samgori to Varketili section as opened on 9 November 1985, and ixbt.ge also gives 1985; the sources differ Wikipedia station page; line page; ixbt.ge, 10 Jan 2026
Rehabilitation Works began on 21 December 2022; full hours of 06:00 to 00:00 resumed on 16 March 2026 while works continue Georgia Today, 11 Mar 2026; Georgia Today, 28 Aug 2026
Latest reported completion date 30 December 2026 Georgia Today, 28 Aug 2026
Planned extension City Hall announced 1,200 m towards Varketili with a new station for about 4,500 passengers in the morning peak; no start date or cost given Georgia Today, 24 Sep 2025

Two points follow. The station is in service on its normal schedule although works continue, and the latest date reported for completion is 30 December 2026, which is two years before the December 2028 completion date of the building. The announced extension is a plan with no schedule, so it is context only: the pages give no date by which it would serve this street, and a buyer should not count on it.

Within the district, w2 has several neighbouring projects. By the coordinates on w2.ge, Varketili IV (Shuamta Street 40) lies about 55 m from Varketili VI, Varketili V about 0.48 km and Urban East on Kakheti Highway about 0.74 km. w2.ge also lists three earlier Varketili projects as completed: Varketili, Varketili II and Varketili III, at the Kaloubani and Shuamta streets intersection, Kaloubani Street 18 and Trialeti Street. The guide gives their addresses as printed and draws no conclusion from them.

Payment terms, finish and what the pages leave unpublished

A buyer comparing projects usually looks first for the finish level, the instalment terms and the stage of construction. For Varketili VI the public pages are silent on all three, and the table records exactly what is and is not printed on 12 November 2026. Silence on a page is not evidence of a term either way; it only means the term has to be obtained in writing.

Item What w2.ge prints on 12 Nov 2026 Note
Payment plan One plan on each apartment page: "Full Payment", advance payment 100, last payment 0, discount type "Amount", discount 150 The currency and basis of the 150 are not shown on the page
Custom plan A card in Georgian says that a buyer who wants a plan tailored to them can contact the team for terms No schedule, percentage or period is printed
Instalment terms None Ask for the schedule and any added cost in writing
Finish or frame level Not stated Terms such as white frame or black frame need a written definition
Construction progress No percentage and no progress log Block status is "active"
Architect or designer Not stated
Permits and registry data None printed A registry extract and permit can be requested
Mortgage bank for this project None printed See the BasisBank note below
Key Card A programme of partner discounts described on a separate page; no link to Varketili VI Whether it applies to a purchase is not stated

The "Full Payment" plan is the only one in the page data, and it is a 100 percent advance with a discount marked as an amount of 150. Because the page does not say whether 150 is dollars, lari or another unit, and does not show the discounted price, the guide quotes only the list prices of USD 49,560 to 59,236 and does not subtract anything. A buyer should ask for the final price after any discount in writing, with the currency stated.

w2.ge also describes a "Key Card" programme (the URL still reads w2-card) that, in its words, "unites up to 50 partner companies" offering discounts on renovation materials, furniture, appliances, interior design, education, sports and more, and the page lists discounts of 10 to 50 percent per partner. The Key Card page is not tied to any project, and it states no eligibility rule. The guide does not list partners or discounts and treats the programme as a question for the sales office.

On amenities, the developer’s description lists a one-level parking area and commercial spaces, and says the building will have enhanced thermal and sound insulation, fire safety systems and a backup generator for elevators, parking, corridors, common areas and emergency lighting. These are the developer’s statements about a building under construction, and the page prints no permit, certificate or specification behind them. The sales contract is where a specification belongs.

A bank page exists for the company: BasisBank’s partner-developer page describes White Square as its partner development company for the White Square on Kavtaradze complex, a different, completed project, with the transfer condition listed there as white frame. It names no Varketili VI mortgage terms, so it shows a company-level relationship only. Other banks' terms for this building would have to be confirmed with the bank.

The w2.ge terms page, which is in Georgian, states that the information on the site is informational and not a binding offer, that prices, areas and availability may change without notice, that renders and plans may be illustrative, that filling in a form or sending a request does not reserve a property, and that a transaction takes effect only when the relevant contract is signed (w2.ge terms). This guide follows the same principle: the page data is a starting point, and the contract governs.

Buying in Georgia: ownership, tax, residence, financing and registration

Foreigners may own apartments in Georgia on the same footing as citizens; the category closed to them is agricultural land. The Organic Law on Agricultural Land Ownership reserves such land in its Article 4 for the state, the autonomous republics, municipalities, citizens and certain Georgian entities. An apartment in an urban block falls outside that category. For the general position see the guides on whether foreigners can buy property in Georgia and how to buy it.

Rendering of a brick and plaster block with balconies (shows fewer floors than the 10 stated)

The fiscal rules changed recently. The English text of the Tax Code on matsne.gov.ge now lists Law No. 1874, dated 30 September 2026, in its amendment history. Article 202(5) sets the rate on a natural person’s property other than land at 0.8 to 1 percent of its year-end market value, and Article 206(1)(a) exempts it where the family’s income in the previous year did not exceed GEL 100,000. EY Georgia’s brief for July to September 2026 says the earlier threshold was GEL 40,000.

Two details matter for a building not yet finished. Article 201(1)(c.a) lists real estate "including an unfinished construction" among a natural person’s taxable objects; whether an off-plan buyer is the owner for this purpose depends on the contract and the registry record. Returns are due by 1 November and payment by 15 November (Article 205(12) and (14)); the Revenue Service page has a calculator. The guide to property tax in Georgia covers filing.

Other taxes that touch a flat are set in the same Code. Article 81 taxes rent from a residential flat at 5 percent where the individual makes no deductions, taxes the surplus on the sale of a residential apartment at 5 percent, and applies 20 percent as the general personal rate. The same Code, in Article 82(1)(f.a), leaves that surplus untaxed for an apartment owned longer than two years. Article 166 sets VAT at 18 percent; whether a quoted price includes VAT is a contract term.

Residence is the next question. The Public Service Development Agency page describes a short-term residence permit for a person who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor, and a second permit category for property above USD 300,000. Article 15(j) of the Law on the Legal Status of Aliens and Stateless Persons states the first test in the same terms. The test uses the assessed market value, not the contract price.

All eight prices printed for W2 Varketili VI Tbilisi (USD 49,560 to 59,236) are below USD 150,000, as is any single flat of the sizes shown. Whether several flats could be combined, or what an assessor would value a flat at, are questions for the Agency and an accredited assessor, and the guide to getting a residence permit in Georgia explains the application route. This guide makes no statement that any purchase leads to a permit.

On financing, the National Bank of Georgia’s PTI and LTV page (read 12 November 2026) sets a loan-to-value limit of 90 percent for loans in lari and 70 percent for foreign-currency loans, and payment-to-income limits by net monthly income: 25 percent (lari) or 20 percent (foreign currency) below GEL 1,500, and 50 or 30 percent from GEL 1,500. Georgia Today (30 September 2026) reports that the income band for the 25 percent limit widens to GEL 2,000 from 1 February 2027 and GEL 2,500 from 1 September 2027.

Banks set their own terms for non-residents; the guide to mortgages for foreigners in Georgia covers the practical side, and this project prints no bank partner.

Registration is the legal moment of transfer. Under Article 183 of the Civil Code the transaction must be in writing and the acquirer’s ownership registered in the Public Registry. The registry fee page prints three tariffs for registering a change of right and for registering an obligation tied to an ownership right: GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing. At GEL 2.5933 per USD those are about USD 57.8, 104.1 and 135.0.

A buyer abroad has two routes. One is a power of attorney legalised for Georgia: the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007. The other is the registry’s online smart-contract service, where rights are registered at a virtual meeting booked in advance. Which route the developer accepts should be settled in writing, because the page does not say.

Step Who Time or fee Source
Obtain the unit number, price list and draft contract Buyer, developer Not published on w2.ge w2.ge
Request a registry extract for the plot and the unit Buyer, lawyer, NAPR GEL 20 in one working day; GEL 13 online; GEL 26 more for an English extract NAPR information fees
Sign a written contract Buyer, developer Terms set in the contract Civil Code art. 183
Pay under the agreed schedule Buyer Only "Full Payment" is printed w2.ge
Register the right or the obligation Buyer, NAPR GEL 150 / 270 / 350 by speed NAPR fee page
Sign from abroad, if needed Buyer, NAPR Apostilled power of attorney or virtual meeting NAPR smart contract
Item Rule Source
Property tax, individual 0.8 to 1 percent of year-end market value; no tax where the previous year’s family income was GEL 100,000 or less; return by 1 November, payment by 15 November Tax Code arts. 202(5), 205, 206(1)(a)
Rent from a residential flat 5 percent where no deductions are made; 20 percent general personal rate Tax Code art. 81
Sale of an apartment Surplus taxed at 5 percent; surplus exempt where owned for more than two years Tax Code arts. 81(3), 82(1)(f.a)
VAT 18 percent; inclusion in a price is a contract term Tax Code art. 166
Short-term residence permit Property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, assessed by an accredited assessor SDA page; Aliens Law art. 15(j)
Mortgage limits Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band NBG page
Exchange rate used USD 1 = GEL 2.5933, official rate for 12 November 2026 NBG official rate

What to ask for in writing before reserving

The developer’s pages leave several points open, and the eight flats are reserved, so the first requests concern their status. The list below turns each gap into a document or an answer that can be asked for before any payment. Some items belong in a reservation form and the rest in the sale contract. It is the normal due-diligence set for an off-plan purchase and implies nothing about the project.

  1. The current status of each of the eight flats shown as available (nos. 8, 9, 16, 32, 76, 83, 84 and 85), what a reservation means, how long it lasts and whether any flat is free to buy.
  2. A dated price list with unit numbers, floors, areas, balcony areas and the currency of each price, and a statement of the final price after any discount in the "Full Payment" plan.
  3. The full unit schedule for all 85 apartments, including the states of the 47 numbers that the floor pages do not show.
  4. An explanation of the 38.9 m² figure in the description and of the smallest flat actually offered.
  5. The handover date written into the contract, what counts as handover, and what the contract provides if the date of December 2028 is not met.
  6. The full legal name and registration number of the company that signs the contract, and of the owner of the plot.
  7. A Public Registry extract for the plot and the unit, with the cadastral code, owner, encumbrances and any registered obligation.
  8. The construction permit and the approved design documents, including the final floor count and the use of floor 1.
  9. The payment schedule, the account or escrow account that receives each payment, and what happens to a reservation deposit if the sale does not proceed.
  10. A written definition of the finish level (white frame, black frame or other), listing what is installed, and the instalment terms and their effective cost if any are offered.
  11. The specification behind the thermal and sound insulation, the fire safety systems and the backup generator that the description mentions.
  12. Whether the Key Card applies to a purchase of Varketili VI, its terms and its validity period.
  13. Whether the price includes VAT, registration fees and any charge for a power of attorney, and the service-charge schedule for common areas and parking.
  14. If signing from abroad: the form of power of attorney or the virtual registry meeting the developer accepts, and which bank, if any, has agreed to finance purchases here.

A written answer to each item, attached to the reservation, lets a buyer compare this project with others on equal terms. If an answer is that the point is not yet decided, that too is useful, because the contract can then record the date by which it will be.

How W2 Varketili VI Tbilisi compares with the other w2 projects

w2.ge lists eleven projects as ongoing on 12 November 2026 and six as completed. Ten of the ongoing ones have apartments listed and are covered by guides on this site; the eleventh, Gamrekeli, shows all apartments sold. The table below gives, for each, the address and the "Available" count as printed on the projects list, the completion date where the project page prints one, and the printed price per m². Counts mean different things in different projects, because some projects count reserved flats as available, as Varketili VI does.

w2 project (W2 Varketili VI Tbilisi and neighbours) Address as printed "Available" on the list Completion printed on w2.ge Printed USD per m²
Varketili VI (this guide) 38A Shuamta St., Varketili 8 (all reserved) December 2028 1,180
W2 Varketili IV Tbilisi Varketili III microdistrict, Shuamta St 40 5 March 2028 1,200
W2 Varketili V Tbilisi Varketili III microdistrict, Block X, Building 9 10 March 2028 (Georgian text only) 1,200
W2 Urban East Tbilisi 63 Kakheti Highway 214 December 2028 1,110 to 1,245
W2 Sanzona Tbilisi Nadzaladevi, Chargali St. 50 8 December 2028 1,250
W2 Isani Park Tbilisi Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze St 612 December 2027 (blocks C, D); June 2029 (blocks A, B) 1,470 to 1,560
Mindeli Saburtalo, Dzotsi street 2 92 No date on the project page 950 to 2,289
Filigreen 2 Saburtalo, Giorgi Danelia st. 61 6 No date on the project page 1,250 to 1,800
Jikia Saburtalo, Politkovskaya str. 12 7 No date on the project page 1,450
Kutaisi Kutaisi, Lado Asatiani Street 96 17 No date on the project page 700 to 900

Within the district, Varketili VI shares a street with Varketili IV and sits close to Varketili V and Urban East. Among the three Varketili projects, the printed rate for Varketili VI is the lowest, by USD 20 per m², and all three are described as 10-storey blocks. Urban East is much larger, with 16 floors and 308 apartments on the pages, and prints three rates by unit type, one unit at USD 1,110. These are descriptions of what is printed, not a ranking.

For context beyond w2, other Tbilisi listings on this site include m2 Highlight Tbilisi and m2 at Mirtskhulava Tbilisi, which come from a developer that prints prices flat by flat, and Archi Akhmeteli Tbilisi, on the northern end of the same metro line. The wider picture is in the Georgia country page, the Tbilisi city page and the Tbilisi price guide.

Tetri Kvadrati (developer)

What follows is what the developer’s own pages state, read on 12 November 2026. The About page describes "Tetri Kvadrati" as part of BK Holding, an ecosystem that combines the construction company BK Construction and the construction college Construct2, and says BK Construction has been creating projects in Georgia for over 30 years. It 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 w2.ge home page carries counters that read "5+ Years" of delivering projects since 2021, "11 Ongoing projects", "6 Completed projects" and "2500+ Completed apartments". These are the developer’s own figures and are not independently verified here; project counts also differ between sources and dates. The projects list shows the 11 ongoing and 6 completed projects by name, and for Varketili VI it prints the Ongoing status.

The site names the company Tetri Kvadrati, calls its resident programme Key Card, and uses the brand w2; older material, banks and the press often write White Square. The project pages do not state which legal entity signs a sale contract or its registration number, which is why that item is on the list above. Once the entity’s name and identification number are known, a lawyer can check its record in the public registry.

Frequently asked questions

Is W2 Varketili VI Tbilisi available to buy?

On 12 November 2026 w2.ge lists eight apartments for the project as "Available" on its projects list and floor map, but each of the eight apartment pages shows the status "Reserved", and no flat is shown as free. The pages do not explain what a reservation involves or how long it lasts. Whether a particular flat can still be bought is a question for the sales office, answered in writing.

How much do flats in W2 Varketili VI Tbilisi cost?

The eight flats listed carry asking prices of USD 49,560 to 59,236, all at USD 1,180 per m² for areas of 42.0 to 50.2 m², per w2.ge on 12 November 2026. All eight are reserved, so these are the developer’s list prices for those units, not an open offer. At the National Bank rate of GEL 2.5933 per USD the same prices are about GEL 128,500 to 153,600. Prices change, and the terms page says so.

When is W2 Varketili VI Tbilisi due to be completed?

The English, Russian and Georgian project pages all print December 2028 as the completion date, read on 12 November 2026. The developer’s blog post of 20 July 2026 describes the Shuamta Street project but gives no date. The pages publish no construction percentage, so the date is a developer statement; a buyer can ask for the handover date to be written into the contract with the remedy if it is missed.

How many apartments are there, 85 or 38?

The description on all three language pages and the developer’s blog post give 85 residential apartments. The floor pages show 38 flats in the sales data (30 sold, 8 reserved), and the other 47 numbers are not shown in any state. The two figures count different things, and the pages do not reconcile them. A full unit schedule is the document that settles which flats exist in which state.

What size are the flats in Varketili VI?

The eight priced flats run from 42.0 m² (no. 85) to 50.2 m² (no. 83): seven are one-bedroom flats of 42.0 to 45.1 m² on the guide’s reading of the room tables, and one is a two-bedroom flat of 50.2 m². The description says sizes start from 38.9 m², but no flat of that size appears in the sales data. Areas include the balcony, which is 4.2 or 7.0 m² in the one-bedroom flats.

Is the finish white frame or fully finished?

w2.ge does not state a finish level for Varketili VI on any page read on 12 November 2026, and the apartment pages show no finish field. A neighbouring project’s bank page lists white frame as its transfer condition, but that covers a different building. A buyer should ask for a written definition of the finish, listing what is installed, before comparing this project with others.

Is there an instalment plan?

The apartment pages show one plan, "Full Payment", with a 100 percent advance and a discount marked as an amount of 150, without a currency. A Georgian-language card says buyers who want a tailored plan can contact the team. No instalment schedule, interest or period is printed. Any instalment terms, and their effective cost, should be requested in writing.

Where is Varketili VI and how far is the metro?

The address is 38A Shuamta Street, Varketili, Tbilisi, in Samgori District. From the map coordinates, Varketili metro station is about 0.83 km away in a straight line and about 1.51 km by a car route calculated on 12 November 2026. These are the guide’s own calculations, not walking times. The station is the last stop on the Akhmeteli-Varketili line and runs 06:00 to 00:00.

Does buying here give a residence permit?

The Public Service Development Agency describes a short-term permit for property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, assessed by an accredited assessor. Every price printed for this project is below that figure, and the test uses the assessed value, not the contract price. No purchase is stated here to lead to a permit; the Agency decides each application.

What does the buyer pay beyond the price?

The registry charges GEL 150, 270 or 350 for registering the right, depending on speed, and GEL 13 to 75 for a registry extract depending on speed and channel, plus GEL 26 for an English version. Whether VAT at 18 percent is inside a quoted price is a contract term. Property tax at 0.8 to 1 percent applies only where the previous year’s family income exceeded GEL 100,000, under the law of 30 September 2026. Ask for all costs in writing.

Sources and last check

Last checked: 12 November 2026. Sources:

Prices on the developer’s pages are asking prices that change; distances are the guide’s own calculations from published coordinates. This is not legal, tax or financial advice.

  • City Tbilisi
  • Country Georgia

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Zhamal Abdykozhoeva
  • Zhamal Abdykozhoeva

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Zhamal Abdykozhoeva
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