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Home / Developers / Holm Developments
A Dubai developer that funds its own buildings, now building its first tower in Batumi

Holm Developments

HOLM Developments builds from Dubai on a fully self-funded basis. It launched its first building there in November 2025 and sold it out within ten days; its second sold out too. In August 2026 it signed with Ambassadori Island Batumi for a 140,000 m² complex, its first project outside the UAE, launched under the line “Bringing Dubai to Batumi”.

Founder Sergey Avayan, Chief Executive Officer HQ Dubai, United Arab Emirates
1
Projects on Palmera
AED 1.1bn+
Land & construction guarantees
2
Dubai buildings sold out
64 floors
First Batumi tower
THE TRACK RECORD

Holm Developments's record.

HOLM was named in Construction Business News Middle East's Top 10 Rising Developers in UAE 2026 in January 2026, seven months before the Batumi announcement. The name comes from hulm, the Arabic word for dream, joined to home.

Delivery record

Because no HOLM building has been handed over yet, there is no completed-project record to judge the company on. What can be checked is how quickly its inventory has cleared: Holm One had more than half its units booked on launch day and sold out in ten days, and LINEA by HOLM sold out as well.

Years active

A young developer with a fast start. HOLM launched its first Dubai project in November 2025 and had signed its first international agreement by August 2026.. Two Dubai buildings launched and sold out, a third planned in Arjan, and one project under way in Batumi. Nothing has completed yet; the Dubai pipeline is scheduled from Q2 2028.

Financial strength

HOLM states that it is fully self-financed and holds more than AED 1.1 billion in land and construction guarantees across its Dubai portfolio. The same figure appears in independent trade coverage from January 2026. It is a company-level figure, not a guarantee attached to any single building.

FounderSergey Avayan, Chief Executive Officer
HQDubai, United Arab Emirates
TypePrivate real-estate developer
Active projects3
Entry pricefrom 1,086,800AED
SIGNATURE COMMUNITIES

Holm Developments flagship destinations.

64-floor tower · Ambassadori Island, Batumi · from $130,000
One Peninsula
HOLM's first project outside the UAE and its first in Batumi. The developer has bought most of the land on Ambassadori Island, the ground Batumi is reclaiming from the Black Sea. Fully furnished studios, one and two bedroom apartments, with an indoor and an outdoor pool, a large gym, a cinema room, a games room, meeting rooms and a conference hall.
Residential · Dubai · launched November 2025
Holm One
The company's first building. More than half its units were booked on launch day and it sold out within ten days.
11 storeys · Jumeirah Garden City, Al Satwa, Dubai
LINEA by HOLM
Around 210 studio, one and two bedroom apartments. Sold out.
WHAT SETS THEM APART

What makes Holm Developments special.

Property types Studios1-bedroom apartments2-bedroom apartmentsBranded high-rise
Price segment Mid-market to premium

Signature style

HOLM builds compact, fully furnished apartments in tall buildings with a deep amenity floor. Studios and one and two bedroom layouts are the whole range; there are no villas or townhouses in its portfolio.

Payment plans

Payment terms for One Peninsula have not been released. HOLM's Dubai buildings were sold off-plan on developer instalment plans.

THE HONEST VIEW

Strengths & considerations.

Where Holm Developments shines
  • Both Dubai buildings sold out, one of them in ten days, which says the pricing has met the market so far.
  • Self-funded construction means the programme does not depend on a lender's appetite mid-build.
  • One Peninsula is priced from $130,000 for a studio, below the Batumi waterfront average.
  • Apartments are handed over fully furnished, so a rental unit can be let from day one.
  • Georgia sells freehold to any nationality, with title registered at the National Agency of Public Registry.
Worth considering
  • No HOLM building has been completed and handed over yet, so its delivery record is untested.
  • The company launched its first project in November 2025; it is young, whatever the size of its pipeline.
  • One Peninsula has no announced handover date and no published payment plan.
  • Ambassadori Island is reclaimed land still being built out, so the surrounding masterplan will be a construction site for years.
  • The AED 1.1 billion in guarantees is a company-reported figure covering the Dubai portfolio, not this building.
4 ACTIVE PROJECTS

All projects by Holm Developments.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

Holm Central in Jumeirah Garden City, Dubai
OFF-PLAN
Jumeirah Garden City · Dubai

Holm Central in Jumeirah Garden City, Dubai

Studio, 1-3 Bedroom Handover Q1 2029
From
1,050,000AED
Linea by Holm at Jumeirah Gardens, Dubai
OFF-PLAN
Jumeirah Garden City · Dubai

Linea by Holm at Jumeirah Gardens, Dubai

Studio, 1-2 Bedroom Handover Q2 2028
From
1,292,444AED
Holm 3 at Jumeirah Garden City, Dubai
PRE-LAUNCH
Jumeirah Garden City · Dubai

Holm 3 at Jumeirah Garden City, Dubai

Studio, 1-2 Bedroom Handover Q3 2028
From
1,140,000AED
Holm One at Jumeirah Gardens, Dubai
OFF-PLAN
Jumeirah Garden City · Dubai

Holm One at Jumeirah Gardens, Dubai

Studio Handover Q1 2028
From
1,086,800AED
GOOD TO KNOW

Common questions about Holm Developments.

Who is HOLM Developments?+

A Dubai-based private developer led by chief executive Sergey Avayan. It builds on its own capital rather than borrowing, launched its first Dubai building in November 2025, and signed its first international project, in Batumi, in August 2026.

Has HOLM completed any buildings?+

Not yet. Two Dubai projects, Holm One and LINEA by HOLM, have launched and sold out, and the Dubai pipeline is scheduled to complete from Q2 2028. There is no handed-over building to inspect, which is the main thing to weigh against the sales record.

What is HOLM building in Georgia?+

One Peninsula, a 64-floor tower on Ambassadori Island in Batumi, launched under the line “Bringing Dubai to Batumi”. HOLM has bought most of the land on the island. Studios start at $130,000 and every apartment is handed over fully furnished.

How large is the Batumi agreement?+

HOLM signed with Ambassadori Island Batumi in August 2026 for a multifunctional complex of 140,000 square metres inside the island's masterplan, with a stated investment above $250 million. Gocha Kamkia signed for the island and Sergey Avayan for HOLM.

Is HOLM financially solid?+

The company states it is fully self-financed and holds more than AED 1.1 billion in land and construction guarantees across its Dubai portfolio, a figure that also appears in independent trade coverage from January 2026. It is company-level and not a guarantee on any one building, and it has not been independently audited.

What does HOLM build?+

Compact apartments in tall buildings: studios and one and two bedroom layouts, handed over furnished, with a large shared amenity floor. LINEA in Dubai is around 210 units over 11 storeys; One Peninsula in Batumi runs to 64 floors.

Can a foreigner buy a HOLM apartment in Batumi?+

Yes. Georgia sells freehold with no restriction on nationality, and title is registered in the buyer's name at the National Agency of Public Registry.

When can I buy at One Peninsula?+

The project has launched and studios start at $130,000. The handover date and the payment terms have not been published; leave your details and we will send the price list and tell you what is available now.

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