Real estate

The Best Property Developers in Tbilisi

Updated 10 firms checked10 ranked

This ranking covers companies that build and sell new apartments in Tbilisi, and it is written for anyone about to buy a flat, whether off-plan or in a finished block. We checked 10 developers and all 10 made the list. They are compared on the buildings each has completed and has under construction, the condition flats are handed over in, services for residents after handover, instalment terms, published prices per square metre and working languages. Number 1 has the strongest record across those points, numbers 2 to 4 are each badged for a specific buyer need, and numbers 5 to 10 follow in order. How we rank

  1. 01 Best overall
  2. 02 Best for a 12-year instalment plan
  3. 03 Best for city, suburban and Batumi homes
  4. 04 Best for new flats in Isani and Varketili
  5. 05+Ranked in order
Rank 01

m2

Best overall

Tbilisi apartment developer behind the m3 Saburtalo neighbourhood, with its head office on Kartozia Street.

Updated
Why it ranks here
  • Has completed 13 buildings in Tbilisi, every one sold out, among them Skyline Residence, Optima Isani and blocks on Nutsubidze, Chavchavadze and Hippodrome
  • Counts 18 years in Georgian housing and offers fully finished homes
  • Looks after its complexes once residents move in, with entrance cleaning and green space upkeep, and its m2 Home app takes instalments, service fees and utility bills
  • Is building m2 Highlight on Marshal Gelovani Avenue, its first skyscraper, with glass towers of 36 and 26 floors, alongside projects at Mtatsminda Park and on Mirtskhulava Street
  • Has been owned since 5 June 2026 by Lasha Kvachadze, founder of Blockstone Capital, and Dimitri Adamia, who became chief executive
  • Buyers abroad can reach it on Viber or WhatsApp, and it takes bookings for video calls
Rank 02

Archi

Best for a 12-year instalment plan

Developer founded in 2006, with projects in every Tbilisi district and a gallery at the Philharmonic.

Updated
Why it ranks here
  • Counts 55 completed projects covering 1,568,653 square metres, plus 31 projects and 1,238,468 square metres under construction
  • Spreads payments over as long as 12 years with no need to prove income, asks no advance payment, and charges no interest on its internal plan until the project is complete
  • Has more than 45,000 residents living in its buildings
  • Built a USD 15 million Ytong factory with the German company Xella, making energy-efficient, fire-resistant construction blocks
  • Current projects include Trump Tower Tbilisi on Tamarashvili Street beside Central Park and Grand Avenue at 32 Ts. Dadiani Street
  • Lists four offices in Tbilisi and one in Batumi, and residents can use Archi Card discounts and the Archi Fix and Archi Rent services
Rank 03

Metropol

Best for city, suburban and Batumi homes

Residential developer founded in 2022, with head offices on Kazbegi Avenue and Gulia Street in Tbilisi.

Updated
Why it ranks here
  • Reports more than 3,500 apartments, 7 active projects, 1.05 billion GEL invested and a team of more than 2,000
  • Has completed Metropol Bagebi, a 14-storey residential complex in Tbilisi with 3-metre ceilings
  • Metropol Kavtaradze, under construction near Vazha-Pshavela metro, consists of twin 25-storey towers with a 1-hectare green zone, a kindergarten, a football pitch and 5 levels of parking
  • Metropol Ortachala adds 704 apartments in two towers of 24 to 28 storeys
  • Also builds the suburban settlements Metropol Lisi and Metropol Shindisi and hotel-integrated investment apartments in Batumi
  • Sells on an internal instalment plan at 0% interest, with the terms set around each buyer
Rank 04

Tetri Kvadrati

Best for new flats in Isani and Varketili

Apartment complex developer building in Tbilisi and Kutaisi, with its office on Vazha-Pshavela Avenue.

Updated
Why it ranks here
  • Has completed 6 projects and more than 2,500 apartments since it began delivering in 2021, with 11 projects ongoing
  • Belongs to BK Holding alongside BK Construction, which has built residential complexes, international brand hotels and multifunctional buildings in Georgia for over 30 years
  • Its Tbilisi pipeline covers Isani Park in Isani, Urban East on Kakheti Highway, Varketili IV, V and VI, Sanzona in Nadzaladevi, and Mindeli, Filigreen 2, Jikia and Gamrekeli in Saburtalo
  • Filigreen on Giorgi Danelia Street is finished and sold out, and its Key Card gives residents discounts from up to 50 partner companies
Rank 05

Axis

Tbilisi developer founded in 1998, listing Axis in Didube and Axis Palace 2 among its current projects.

Updated
  • Built the twin Axis Towers, and has finished projects on Petriashvili, Mtskheta, Kazbegi and Abashidze streets
  • Current projects include Axis Avlabari on Bochorma Street, Axis Palace 1, Tsinamdzghvrishvili 125 and Axis in Chavchavadze 75
  • Buyers at Chavchavadze 49, Tsinamdzghvrishvili 125, Axis Palace Sairme and Axis Hippodrome receive complete interior works, with materials picked at its showroom in Axis Shopping Centre
  • Keeps 9 departments in-house, from architecture, engineering and construction to design, legal, and sales and service
  • Its finished projects include Axis Arakishvili, its first terraced house, and Axis Tamarashvili, its first project in Saburtalo
Rank 06

Blox

Tbilisi housing developer active since 2016, with its main office in Dream Tower on Aghmashenebeli Alley.

Updated
  • Has finished 7 of its 10 Tbilisi projects, in Krtsanisi, Didi Digomi, Nutsubidze, Avlabari, Varketili and twice on Beliashvili Street, and 4 of them are sold out
  • Shows progress on its 3 sites under construction, which stood at 41% in Didi Digomi, 36% in Ortachala and 42% at Blox Sarajishvili in September 2026
  • Blox Krtsanisi, on the former Swiss Embassy grounds, is two low-rise blocks around a planted courtyard of up to 6,000 square metres, with 24/7 security and a concierge
  • Sells from offices at three of its project sites, at Goodwill in Didi Digomi and at City Mall Gldani
  • An eight-person sales team led by head of sales Tamar Kacharava takes bookings for calls

Ranks 07 to 10

Rank 07

Apart Development

Website, Apart Development
Rank 08

Anagi Development

Website, Anagi Development
Rank 09

Domus Development

Website, Domus Development
Rank 10

Biograpi Living

Website, Biograpi Living

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Compare the firms

RankFirmBest forServicesLanguagesPricesRatingDistrict
01m2Buyers who want a finished, managed homeFinished apartments · Complex management · High-rise towers · Resident appEnglishGeorgianRussianNot publishedNo ratingSaburtalo
02ArchiBuyers who need a long instalment planApartment complexes · Long instalment plans · High-rise towers · Resident servicesEnglishGeorgianRussianNot publishedNo ratingVera
03MetropolBuyers weighing city, suburb or BatumiResidential towers · Suburban settlements · Batumi investment apartments · Interest-free instalmentsEnglishGeorgianNot publishedNo ratingSaburtalo
04Tetri KvadratiLarge complexes across several districtsApartment complexes · Isani and Varketili · Saburtalo projects · Resident loyalty cardEnglishGeorgianRussianNot publishedNo ratingSaburtalo
05AxisBuyers who want the interior finished for themResidential palaces · Twin towers · Interior works · Design showroomEnglishGeorgianNot publishedNo ratingSaburtalo
06BloxBuyers who want to follow build progressResidential complexes · Low-rise blocks · Construction progress · City-wide sales officesEnglishGeorgianRussianNot publishedNo ratingNot stated
07Apart DevelopmentBuyers set on the historic centreOld Tbilisi complexes · Hotel-type apartments · Commercial property · In-house designEnglishGeorgianRussianPrice tier 2 of 3No ratingVake
08Anagi DevelopmentBuyers who want a fitted kitchen at handoverMove-in-ready flats · Pool and fitness complexes · Vake and Saburtalo · Batumi projectsEnglishGeorgianRussianNot publishedNo ratingNot stated
09Domus DevelopmentBuyers who want the price per m² up frontResidential complexes · Mixed-use projects · Interest-free instalments · Buyer cardEnglishGeorgianPrice tier 2 of 3No ratingVake
10Biograpi LivingBuyers comfortable buying off-planOff-plan apartments · Vake projects · Construction updates · Residential complexesEnglishGeorgianRussianNot publishedNo ratingNot stated

What to check before buying from a developer in Tbilisi

  • Buildings the developer has finished. Walk round one before paying for a flat that exists only on plans. m2 lists 13 finished and sold-out buildings in Tbilisi, Blox has finished 7 of its 10 projects and Archi counts 55.
  • The registry record for the plot. A National Agency of Public Registry (NAPR) extract for the plot is ready in 1 working day, at 13 GEL online or 20 GEL in person, and shows the title before you sign.
  • The handover condition. Write the finish into the contract, down to kitchen furniture, appliances, heating and air conditioning. Anagi Development lists all four for Park Home Saburtalo, and Axis completes the interior works at four of its projects.
  • Payments against progress. Blox reports a completion percentage for each site it is building, and Biograpi Living gives regular construction updates. Compare that progress with how much of the price the contract asks for before handover.

New-build prices and payment plans in Tbilisi

Apart Development publishes a starting price per square metre for most of its projects. Taghi Old Tbilisi starts at USD 1,400, EZO Old Tbilisi at USD 1,600 and EZO Old Tbilisi 2 at USD 1,650, while Old City Panorama II starts at USD 2,300 and Old City Panorama at USD 3,000. Domus Development prices Domus Nea on Kavtaradze Street at USD 1,950 to 2,650 per square metre, for apartments of 70 to 377 square metres.

Several developers publish their payment plans. Archi’s plans run for up to 12 years and need neither an advance payment nor a record of your income, and its internal plan carries no interest until the project is complete. Metropol sells on a 0% internal instalment plan, and Domus Nea can be paid over 32 months without interest.

Registering the finished flat in your name is a separate state charge at NAPR, 150 GEL for the standard 4 working days.

Types of property developer in Tbilisi

Volume builders work across the whole city. Archi has projects in every district of Tbilisi and 31 under construction, Tetri Kvadrati has 11 ongoing projects, 10 of them in Tbilisi from Saburtalo to Varketili and Nadzaladevi, and Blox has built from Krtsanisi to Didi Digomi.

Smaller developers keep to a handful of sites. Apart Development builds hotel-type complexes in Old Tbilisi, Domus Development has five current projects including Domus Sera on Paliashvili Street, Anagi Development pairs Park Home Vake with Park Home Saburtalo, and Axis lists Axis Palace on Sairme Street, Axis Avlabari, Axis Palace 2 and Axis in Didube among its current projects.

Metropol, founded in 2022, and Biograpi Living, which turned three in May 2026, are the two newest names ranked here. Metropol has already completed Metropol Bagebi and reports more than 3,500 apartments, while Biograpi Living has eight projects in active construction with a stated investment value of USD 700 million.

Questions
Who is the biggest property developer in Tbilisi?

Archi reports 55 finished projects covering 1,568,653 square metres, 31 more under construction and over 45,000 residents. Its history goes back to 2006 and it builds in every district of the city. Metropol, founded in 2022, reports more than 3,500 apartments and 1.05 billion GEL invested, and Tetri Kvadrati has delivered more than 2,500 apartments since 2021.

Which property developers in Tbilisi have been building the longest?

Axis was founded in 1998 and built the twin Axis Towers. Anagi Development spent 31 years in construction under the Anagi name before it turned to development. Archi and Domus Development both date from 2006, and m2 counts 18 years in the market. Tetri Kvadrati has delivered projects since 2021 and belongs to BK Holding, whose construction company has built in Georgia for over 30 years.

Which developers in Tbilisi sell apartments fully finished?

m2 offers fully finished homes and looks after its complexes once residents move in. Axis hands over apartments with complete interior works at Chavchavadze 49, Tsinamdzghvrishvili 125, Axis Palace Sairme and Axis Hippodrome, and buyers choose the materials at its showroom. Anagi Development delivers Park Home Saburtalo ready to move into, with air conditioning, heating, kitchen furniture and a built-in oven, hood and gas hob.

Which developers are building new apartments in Saburtalo?

m2 is building m2 Highlight, its first skyscraper, on Marshal Gelovani Avenue next to its m3 Saburtalo neighbourhood. Tetri Kvadrati has Mindeli, Filigreen 2, Jikia and Gamrekeli under way in Saburtalo. Anagi Development puts its 27-storey Park Home Saburtalo, 300 metres from Delisi metro, at 98% complete.

Can I pay a Tbilisi developer for a new flat in instalments?

Yes, and several developers do it without interest. Archi spreads payments over up to 12 years with no advance payment and no proof of income, and charges nothing on its internal plan until the project is complete. Metropol's internal plan is interest-free, with terms set for each buyer, and Domus Development lets buyers of Domus Nea pay over 32 months without interest. m2 residents pay their instalments through the m2 Home app.

Corrections

Has something on this list changed?

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