Invest in Tbilisi, the dynamic capital of the Caucasus
Tbilisi is Georgia's political, cultural and economic capital. The city concentrates purchasing power, IT nomads and structurally strong rental demand. Its new-build market is more mature than Batumi.
Population and demographics
Tbilisi has 1.2 million inhabitants, roughly a third of the country. Since 2022, the city hosts a large, highly qualified Russian, Belarusian and Ukrainian diaspora.
Main economic activities
Finance, business services and tech employ most of the workforce. Tbilisi hosts the headquarters of the main Caucasus banks. The IT sector grows at more than 20% per year.
Places of worship and religious life
Sameba Cathedral is one of the largest Orthodox buildings in the world. The city also hosts Jumah Mosque, two synagogues, an Armenian church and Catholic and Lutheran venues.
Air and road access
Tbilisi International Airport serves more than 50 destinations. Wizz Air, Turkish Airlines, LOT and Flydubai operate daily. The metro covers 22 stations. The E60 highway links Tbilisi to the Black Sea.
Activities and cultural life
The old town, the sulfur baths of Abanotubani and the bohemian Fabrika district attract international visitors. Food, wine bars and electronic clubs energize the city year-round.
Average real estate prices in Tbilisi
New apartments in Saburtalo sell for $1,000 to $1,400 per m². Premium Vake ranges $1,800 to $2,800 per m². Premium projects in Vera or Avlabari sometimes exceed $3,500 per m².
Main real estate developers
M2, Archi, Optimo Group, Domus Development and Green Diamond lead the new-build market. They typically deliver in white-box or green-frame condition depending on the segment.
Market & lifestyle
Tbilisi real estate market
The new-build market is mature and diversified. Major developers (M2, Archi, Optimo, Domus) list more than 40,000 units under construction. Rental demand is structurally strong thanks to the resident population.
Average prices
Saburtalo trades at $1,000 to $1,400 per m². Vake reaches $1,800 to $2,800 per m². Vera, Avlabari and Old Tbilisi cover a wide range depending on quality.
Districts of Tbilisi
Vake for premium, Saburtalo for accessible new-build, Old Tbilisi for heritage, Avlabari for urban transformation. Each district offers a distinct investment profile.
Estimated rental yield
Long-term rental yields 7 to 9% gross. Mid-term rental (digital nomads) reaches 9 to 11%. Downtown short-term rises to 12%.
Tourism
Tbilisi hosts more than 2.5 million tourists a year. The Old Town, sulfur baths and food scene are the main draws. The city ranks among Europe's trendiest urban destinations.
Urban transport
The metro covers 22 stations on 2 lines. Municipal buses are very cheap. Bolt and Yandex taxis serve the whole city. The airport is 20 minutes from downtown.
Schools
French Lycée Marie Curie, British International School, European School, QSI and several German and American schools serve international families. More than 20 universities operate in Tbilisi.
Hospitals
Republican Hospital, Medi Club, American Hospital Tbilisi and Aversi Clinic deliver international-standard care. Many doctors speak English, French and Russian.
Pros
Diversified market, strong local demand, rich cultural offer, attractive taxation, accessible Georgian residency, easy access via the international airport.
Cons
Heavy rush-hour traffic, variable winter air quality, fast-rising prices in premium districts, uneven new-build quality across developers.
Explore the districts
Vake is Tbilisi's most sought-after district. It concentrates embassies, top schools and a dense social life. It is the most stable residential market in the capital.
Saburtalo is Tbilisi's new-build heart and its largest urban construction site. Prices remain accessible for a market entry.
The Old Town concentrates history, tourism and strong Airbnb demand. Renovated stock is scarce and highly sought after.
Avlabari overlooks the Kura River from the left bank. This historically Armenian district is undergoing intense renovation and new-build development.
Our selected projects in Tbilisi
New Tbilisi projects are coming soon. Contact us for early access.