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Corall Seaside Resort, Tamar Mepe Avenue Batumi

1 Tamar Mepe Avenue, Batumi, Adjara, Georgia
2031
Handover
27.8 m²
From size
Studio, 1 Bedroom
Layouts
Tamar Mepe Avenue, Batumi, Batumi · Studio, 1 Bedroom · from 27.8 m² · handover 2031 · starting at 69,500USD

About the project

Corall Seaside Resort occupies an 11,234 m² beachfront site at 1 Tamar Mepe Avenue in Batumi, with direct access to its own private beach. The Central Railway Station is three minutes away, and the Old Boulevard, Piazza Square, the Old Town and the Botanical Garden are all within about ten minutes. A consortium of Ibercompany Holding, Grande Group and Mziuri Development is behind the project.

It is two towers. Tower A rises 55 floors and combines apartments with a five-star hotel of 100 suites, which will trade under an international hospitality brand; its residences will be released later. Tower B, the first to be sold, rises 52 floors, with studios and one-bedroom apartments from the fourth floor to the top, 25 to a floor. Its lower floors hold communal spaces, shops, restaurants and cafés, and business and commercial areas. The architect is Davit Gogichaishvili of the Hausart studio, whose earlier work in Georgia includes the Paragraph Hotel, Batumi Tower with Le Méridien, and the Sheraton Metekhi Palace in Tbilisi.

Life in the resort is built around the water: a private yacht club with individual piers, a panoramic pool, a spa, a gym and wellness areas, lounge bars and children's playgrounds. Apartments in Tower B are sold turnkey, ready to live in or to let.

The developer's timeline runs from foundation works in 2027, through the completion of construction in 2029 and of the infrastructure in 2030, to full completion and handover in 2031. Instalments can be spread monthly all the way to the end of 2031, starting from a 10% down payment.

  • Location 1 Tamar Mepe Avenue, Batumi, on the beach
  • Towers Tower A 55 floors with a 100-suite five-star hotel; Tower B 52 floors
  • Architect Davit Gogichaishvili, Hausart
  • Waterfront private beach and yacht club with individual piers
  • Handover 2031

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

Additional details

Detail Value
Developer Corall Development
Location Tamar Mepe Avenue, Batumi, Batumi
Unit types Studio, 1 Bedroom
Handover 2031

Investment & payment plan

Freehold
Ownership
2031
Handover
Turnkey
Finishing
Panoramic pool
Pool

Unit types & pricing

TypeSizePrice from
Studio Apartment27.8–38.6 m²69,500USD
1-Bedroom Apartment38.4–73.5 m²96,500USD

Payment plan

From 10% down, monthly instalments until 31 December 2031
  • 10%Down payment

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

The developer

Corall Development
Three Georgian groups behind one beachfront resort.
Corall Development brings together three established Georgian groups, Ibercompany Holding, Grande Group and Mziuri Development, to build Corall Seaside Resort on the beach at 1 Tamar Mepe Avenue in Batumi. Each partner brings its own experience: Ibercompany a diversified holding with real estate and tourism among its businesses, Grande Group a chain of mountain and city hotels and a Tbilisi residential development, and Mziuri Development a Georgian-British developer that has worked with Crowne Plaza and Hotel Indigo. The architect is Davit Gogichaishvili of the Hausart studio.
Batumi, GeorgiaHeadquarters
View Corall Development

About Batumi

Georgia's Black Sea resort capital — branded beachfront living on the Adjara coast.

Batumi is the seaside capital of Adjara and Georgia's leading resort city, a fast-growing strip of the Black Sea coast where palm-lined boulevards, a historic Old Town and a wall of new towers meet the beach. The city drew around 2.6 million international visitors in 2025 — Georgia's second-most-visited destination after Tbilisi — and that tourism flow underpins one of the region's most active short-let markets. For foreign buyers the appeal is unusually direct: Georgia grants 100% freehold ownership of apartments to any nationality, with no residency requirement to purchase, title registered in a day or two, and a 5% flat tax on residential rental income. Branded beachfront supply — Radisson, Wyndham and similar hospitality-managed residences along the Gonio first line — is still limited, and a qualifying purchase from USD 150,000 opens a renewable residence permit. Off-plan turnkey homes start well under USD 100,000.
~7%Rental yieldBatumi State UniversityNearbyBatumi Navigation Teaching UniversityNearbyBatumi International Airport (BUS) · ~15 minDrive time
Explore Batumi

Location

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