Comparison
Tbilisi vs Gudauri: city or mountains?
Invest in the Georgian capital or in the top Caucasus ski resort? Ticket, seasonality, yield, exit.
🏛️
Tbilisi
⛷️
Gudauri
Average new-build price (USD/sqm)
—
1650 USD/sqm
Colliers
Estimated Airbnb yield
10 %
AirDNA
14 %
AirDNA
High season
Year-round
Dec-April
Rustaveli verdict
Tbilisi = year-round income-producing core asset. Gudauri = specialised ski-season play with high seasonality.