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Cinema City by Next, Aghmashenebeli Avenue Tbilisi

David Aghmashenebeli Avenue, Tbilisi, Georgia
2029
Handover
38.8 m²
From size
Studio, 1–2 Bedroom
Layouts
Aghmashenebeli Avenue, Tbilisi · Studio, 1–2 Bedroom · from 38.8 m² · handover 2029 · starting at 206,000USD

About the project

Cinema City is a Next residential tower on David Aghmashenebeli Avenue, in the historic heart of Tbilisi, and it takes its name from its neighbour. Beside it stands the main shooting pavilion of the Georgian Film Studio, designed and built between 1927 and 1930 by the architect Mikheil Buzoghli, an example of Georgian Constructivism and an officially protected cultural heritage monument. The project restores the pavilion as a multifunctional space for culture and everyday life.

The street around it is one of the city's cultural addresses. The Tumanishvili Theatre is a minute's walk away, the State New Theatre three, and the Tbilisi Center for Music and Culture and the Marjanishvili Theatre six. Within a quarter of an hour on foot are the Silk Museum, the Art Palace, the Forer Brothers' Palace, the old Wetzel Hotel and the National Gallery.

The tower itself rises 16 floors with 216 residences behind a bronze-toned, fully glazed façade, with enclosed pavilion-style balconies and ceilings of 2.95 metres. The residence types carry names of their own, from the Petite Studio through Maison One and Maison Two to the Terrace Maison and the Grand Maison. Residents share a lobby and lounge, a cinematography museum, co-working and offices, four fine dining restaurants, a library, recreational and kids' zones, shops and parking. The first floors are offered with the renovation included, and the white-frame construction is scheduled to finish in December 2029.

  • Location David Aghmashenebeli Avenue, central Tbilisi
  • Heritage beside the restored 1930 Georgian Film Studio pavilion
  • Tower 16 floors, 216 residences
  • On site cinematography museum, four restaurants, library, co-working
  • Finish renovation included

Direct-to-developer access via Palmera — no buyer commission, full Palmera support from selection through handover, in your language.

Additional details

Detail Value
Developer Next
Location Aghmashenebeli Avenue, Tbilisi
Unit types Studio, 1–2 Bedroom
Handover 2029

Investment & payment plan

Freehold
Ownership
Dec 2029
Handover
Renovated, renovation included in the price
Finishing
2.95 m
Ceiling height
On site
Parking

Unit types & pricing

TypeSizePrice from
Studio Apartment38.8–39.5 m²206,000USD
1-Bedroom Apartment55.6–77.2 m²296,000USD
2-Bedroom Apartment83.7–102.2 m²412,000USD

Payment plans

10 / 40 / 50, balance in December 2029
  • 10%Down paymentOn signing
  • 40%InstalmentsDuring construction
  • 50%Final paymentDecember 2029
10 / 60 / 30, balance in December 2029
  • 10%Down paymentOn signing
  • 60%InstalmentsDuring construction
  • 30%Final paymentDecember 2029

Interest-free developer payment plan. Final figures are confirmed in the Sale & Purchase Agreement.

The developer

Next
Georgia's branded-residence specialist — Batumi, Kobuleti and Tbilisi.
Next is a Georgian real-estate developer headquartered in Batumi, focused on branded, hospitality-managed residences along the Black Sea coast of Adjara and in the capital, Tbilisi. The company has built its reputation by attaching internationally recognised hospitality names to its coastal towers — among them Radisson Blu, Wyndham and Swissotel — and by selling homes turnkey on interest-free, construction-linked payment plans. Beyond Georgia, Next has carried the brand into Dubai and Kenya, but its core remains the Batumi Riviera and the Tbilisi centre.
Batumi, GeorgiaHeadquartersSeveral Batumi projects already completed and fully soldProjects delivered
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About Tbilisi

Georgia's capital — old-town heritage meets a year-round rental market.

Tbilisi is Georgia's capital and largest city, home to roughly 1.2 million people on the banks of the Mtkvari river — the country's seat of government, its business and tourism hub, and a fast-maturing property market. Unlike the seasonal Black Sea coast, Tbilisi runs on year-round demand: a deep long-let market fed by expatriates, students, a relocation wave since 2022 and a large digital-nomad community, plus a busy Airbnb scene concentrated in the historic Old Town. For foreign buyers the terms mirror the rest of Georgia — 100% freehold ownership for any nationality, no residency requirement to buy, fast title registration and a flat 5% tax on residential rental income. Prices average roughly USD 1,300–1,500 per m² citywide, with prime districts well above that, and a qualifying purchase from USD 150,000 opens a renewable residence permit. Tbilisi International Airport connects the city non-stop to dozens of destinations across Europe, the Middle East and Asia.
~7–8%Rental yieldTbilisi State University (TSU)NearbyGeorgian Technical UniversityNearbyTbilisi International Airport (TBS) · ~20–25 minDrive time
Explore Tbilisi

Location

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