Tbilisi

Georgia's capital and primary economic hub; a diversified year-round market averaging USD 1,312/sqm for new-builds with ~7.78% gross rental yields.

AED 370.88k Median starting price
11 Off-plan projects
Tbilisi

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Area Overview

Description

Tbilisi is the capital, largest city, and primary economic driver of Georgia, situated along the Kura (Mtkvari) River. It offers a stable, year-round real estate market supported by digital nomads, expatriates, and university students. Foreign nationals buy freehold property with identical rights to Georgian citizens (agricultural land excepted). In 2025, average new-build apartment prices reached roughly USD 1,312 per sqm, with prime central areas like Vake and Saburtalo trading at higher premiums. Gross rental yields averaged approximately 7.78% in early 2025, with select outer districts exceeding 10%. Property purchases from USD 100,000 qualify buyers for Georgia’s renewable temporary residence permit.

Price Analysis

Tbilisi: property prices and market data

Tbilisi is Georgia’s largest and most liquid market, with about 72% of the country’s transactions. The average new-build price reached $1,312 per sqm in 2025 (TBC Capital).

$1,312 Average new-build price per sqm, 2025
+4.1% Price growth year on year, 2025
7.42% Average gross rental yield, Q1 2026
40,350 Apartments sold in 2024

Price by district

District Price per sqm (USD) Notes
Mtatsminda 2,100-2,500+
Vake 1,700-2,200
Vera 1,100-1,600
Old Tbilisi / Abanotubani 1,000-1,500
Chughureti / Marjanishvili 1,000-1,400 +28.3% in Q1 2025
Saburtalo 1,000-1,580
Isani / Ortachala 800-1,200
Gldani / Samgori 700-950
Didi Dighomi 650-1,000

Rental yield by district

Gross yields, Q1 2025 (Global Property Guide). The city average was 7.78% in Q1 2025 and 7.42% in Q1 2026.

District Gross yield
Didi Dighomi 7.38-10.18%
Isani 7.12-8.76%
Nadzaladevi 6.15-8.75%
Gldani 6.38-8.36%
Varketili 6.60-7.38%
Didube 6.28-7.78%
Saburtalo 5.89-6.85%
Vake 5.00-5.65%
2026 forecast ~3.2%

TBC Capital forecasts price growth of about 3.2% in Tbilisi in 2026, with transaction volume up 4.5%.

Source: TBC Capital.

Infrastructure

  • Capital city of Georgia, featuring an international airport, 2-line metro network, and major highway links.

    • Tbilisi International Airport (20 min drive) — primary international airport of Georgia

    • Tbilisi Metro Network (10 min walk) — 2-line rapid transit system connecting Saburtalo to Old Town

    • Right Bank Expressway (5 min drive) — primary highway running along the Kura River

    • Tbilisi International Airport: 20 min

    • Rustaveli Avenue: 10 min

    • Freedom Square: 10 min

    • Old Tbilisi: 12 min

    • Narikala Fortress: 12 min

  • Booming student rental market driven by top state and international universities.

    • Ivane Javakhishvili Tbilisi State University (10 min drive) — historic leading higher education campus

    • QSI International School of Tbilisi (15 min drive) — American international school campus

    • British International School of Tbilisi (15 min drive) — UK curriculum school

  • High concentration of modernized private hospital networks and specialized medical centers.

    • Evex Medical Corporation Hospitals (10 min drive) — nationwide private healthcare network

    • MediClubGeorgia (10 min drive) — international standard medical clinic with 24/7 emergency

    • Todua Clinic (12 min drive) — advanced diagnostic and medical center

  • Home to historic 6th-century basilicas and monumental Orthodox cathedrals shaping the city skyline.

    • Holy Trinity Cathedral (Sameba) (10 min drive) — iconic third-tallest Eastern Orthodox cathedral in the world

    • Anchiskhati Basilica (12 min drive) — historic 6th-century stone church in Old Tbilisi

    • Metekhi Church (10 min drive) — landmark church perched above the Kura River

  • Strong real estate demand in downtown sectors anchored by high-end shopping malls and pedestrian avenues.

    • City Mall Saburtalo (12 min drive) — modern shopping center with international fashion brands and hypermarket

    • Galleria Tbilisi (10 min drive) — downtown mall on Rustaveli Avenue with shopping and theater

    • East Point Mall (15 min drive) — open-air retail and entertainment complex

    • Tbilisi International Airport: 20 min

    • Rustaveli Avenue: 10 min

    • Freedom Square: 10 min

    • Old Tbilisi: 12 min

    • Narikala Fortress: 12 min

  • Exceptional residential appeal in green diplomatic quarters near Turtle Lake, Tbilisi Sea, and Mtatsminda.

    • Rike Park & Aerial Tramway (10 min drive) — central park with cable car access to Narikala Fortress

    • Turtle Lake (Kus Tba) (15 min drive) — mountain lake surrounded by hiking trails and outdoor cafes

    • Tbilisi Sea & Gino Paradise (20 min drive) — large reservoir featuring aqua park and beach clubs

  • High year-round tourist rental yields driven by Old Town wine bars, historic sulfur baths, and theaters.

    • Shardeni Street Nightlife (12 min drive) — historic pedestrian district with wine bars, cafes, and clubs

    • Rustaveli Theatre District (10 min drive) — home to Rustaveli Opera and National Theatre

    • Funicular Complex (15 min drive) — landmark Mtatsminda mountain restaurant with panoramic city views

Developers in Tbilisi

Regional-Focus Mass-Housing Affordable
ARCHI
Tbilisi, Georgia

ARCHI appears to be associated with a large developer of the same name based in Georgia that has signalled entry into the Dubai market. We could not verify an established, standalone Dubai developer named ARCHI with a confirmed founding year and delivered UAE projects.

5+ Off-plan now
2006 Founded
Chat with us on WhatsApp
Luxury Waterfront
Eagle Hills
Abu Dhabi, UAE

Eagle Hills is an Abu Dhabi-based private developer founded in 2014 by Mohamed Alabbar, focused on large-scale mixed-use waterfront destinations across emerging markets - including Belgrade Waterfront in Serbia, Maryam Island in Sharjah and projects in Georgia, Jordan and beyond.

10+ Delivered
5+ Off-plan now
2014 Founded
Chat with us on WhatsApp

FAQ

  • What types of property are available in Tbilisi?

    The market is predominantly apartments — studios and 1, 2, and 3-bedroom units across new-build and secondary stock. Typical new-build apartments range from 35 to 120 sqm. Heritage properties in the Old Town and Sololaki include larger courtyard homes and renovated historic buildings. Standalone houses exist in outer districts but are less common as investment stock. Most investor purchases are 1 or 2-bedroom apartments in central or mid-ring districts.

  • Which districts are the most expensive?

    Vake and Saburtalo represent prime central markets trading well above the city-wide average of USD 1,312 per sqm.

  • What are the cheapest districts to buy property in Tbilisi?

    The most affordable districts are Didi Dighomi ($650–1,000 per sqm), followed by Gldani and Samgori ($700–950 per sqm). These areas are still developing and tend to deliver the highest yields, with Didi Dighomi reaching up to 10.18% gross. Saburtalo sits in the mid-range ($1,000–1,580 per sqm) and offers strong liquidity and easier resale.

  • Which Tbilisi district has the highest rental yield?

    Didi Dighomi leads with gross yields of 7–10%+ depending on unit size (Global Property Guide; Cushman & Wakefield Georgia), followed by Isani, Gldani, and Nadzaladevi. Premium districts such as Vake and Saburtalo offer lower yields but stronger tenant quality and more stable capital values.

  • Can foreigners buy property in Tbilisi?

    Yes. Foreign nationals can freely buy, own, and sell property in Georgia with no restrictions. Ownership is registered at the National Agency of Public Registry (NAPR) using a blockchain-based system that can be verified online for 1 GEL (~$0.37). There is no minimum investment requirement.

  • What taxes apply to property owners in Tbilisi?

    Rental income is taxed at a flat 5% for registered landlords. Capital gains are 0% after a 2-year holding period. There is no property transfer tax or stamp duty. Annual property tax ranges from 0–1%, depending on value and municipality. Full details are available through the Georgian Revenue Service.

  • What is the buying process for property in Tbilisi?

    After agreeing on terms, a preliminary agreement is signed and registered at NAPR within 1–4 business days (fee: 50–200 GEL). Legal and notary costs typically range from $200–500. Off-plan purchases usually follow developer payment plans, with 20–30% down and the balance paid over 2–5 years at 0% interest.

  • What is Tbilisi like to live in?

    Tbilisi is compact, walkable, and known for its café culture, restaurants, and natural wine scene. Monthly living costs for a single person typically range from $1,000–2,000. English is widely used in business and hospitality, supported by a growing expat and digital nomad community. The city also offers international schools, private healthcare, and co-working spaces. Citizens of the UAE, UK, EU, and US can stay visa-free for up to 365 days.

  • Can I get Georgia residency by buying property in Tbilisi?

    Yes. Purchasing property in Tbilisi valued at the GEL equivalent of $150,000 or more qualifies you to apply for Georgia's Investment Residence Permit — a 1-year renewable permit covering you, your spouse, and dependent children. A $300,000 investment qualifies for a 5-year permit with a path to permanent residency. The property just needs to be registered in your name at NAPR.

  • Is Tbilisi safe?

    Yes. Georgia consistently ranks as one of the safer countries in the region. Tbilisi has a low rate of violent and street crime relative to most European capitals. The city has a large expat and tourist population and is generally considered safe to walk at night in central districts. Standard urban precautions apply as in any large city.

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