Corall Seaside Resort [ref. $69600] | Adjara

Description of the ‘Corall Seaside Resort’ complex

Corall Seaside Resort — is the largest resort and residential development on the seafront in Batumi, being built on a 11,300 m² site with a total investment of approximately $ 250 million. The complex consists of a two-section high-rise ensemble of towers on 52 and 55 storeys, linked by a shared stylobate, comprising more than 2,300 flats. The architectural concept was developed by the studio Hausart under the leadership of David Gogichaisvili, whose portfolio includes the Batumi Tower and the Sheraton Grand Tbilisi Metechi Palace. The project is positioned not as a standard residential building, but as a self-contained resort ecosystem: a five-star hotel under an international brand, a private beach, a yacht club with a marina, a casino, panoramic swimming pools, a spa, a fitness club and restaurants — all integrated into a single environment under hotel management.

The flats are handed over fully finished "turnkey with high ceilings 3.3 metres. Studios ranging in size from 27.8 to 50.98 m² and two-room flats with a floor area of 38.41–73.45 m². The starting price per square metre is from $2 500**, whilst the minimum lot size starts at **$69 600**. Construction is set to begin in In the first quarter of 2027, whilst full handover is scheduled for The fourth quarter of 2031. The developer is offering a payment plan of up to 5 years and 3 months with an initial deposit of 25% and a mortgage through TBC Bank. The project is aimed at investors seeking rental income: the hotel infrastructure and direct management by the operator help to smooth out seasonal fluctuations and maintain year-round demand.

Payment plan

Cost from ₾181 231

Terms and payment plans change regularly, our specialist will provide up-to-date information.

Initial instalment

30%

Interest-free instalments from the developer

70%

Location

The complex is situated on 1 Tsaritsa Tamara Avenue in the neighbourhood Tamari (BNZ), totalling 50 metres from the sea, on the seafront without the need to cross any major roads. The Tamari district is a developing coastal area of Batumi, where available plots for seafront development are virtually exhausted, which safeguards the project’s liquidity against future competition. It is about a three-minute drive to the central railway station, approximately 10–15 minutes to Old Batumi and the Botanical Gardens, and around 25 minutes to the international airport.

Places nearby

Airport

31 min.

Supermarket

5 min.

Hospital

15 min.

School

13 min.

Kindergarten

15 min.

Shopping centre

24 min.

Places nearby

Piazza Piazza

Park 6 May

Zviad Gamsakhurdia Street

Dancing fountains

Batumi Boulevard

Argo cable car

The statue of Ali and Nino

Batumi Cathedral

Corall Development

Corall Development — a Batumi-based property development company founded in 2022, specialising in premium residential and hotel properties on Georgia’s Black Sea coast. The company positions itself as a developer that creates not just individual homes, but fully-fledged resort ecosystems: its projects are characterised by well-thought-out layouts, functional architecture, energy-efficient materials and well-developed internal infrastructure.

The company's flagship project Corall Seaside Resort at 1 Tsaritsa Tamara Avenue in Batumi, being developed in partnership with three Georgian business groups: Ibercompany Holding, Grande Group and Mziuri Development. This is a twin-tower complex, 52 and 55 storeys high, situated on a 11,300 m² site, comprising apartments, a five-star hotel, a private beach, a yacht club, a spa, swimming pools and retail space. The total investment in the project is estimated at $250 million, whilst Levan Diasamidze, Chief Executive of Corall Development, forecasts that total investment inflows could reach $400–500 million, of which 90–95% are foreign investments. The architectural concept was developed by the Hausart studio, led by David Gogichaishvili, whose portfolio includes the Batumi Tower and the Sheraton Grand Tbilisi Metechi Palace.