Georgia's Real Estate Boom: Innovative designs, global investments transform landscape

Georgia’s real estate market is flourishing. Across the country, residential and commercial developments are rapidly expanding as favourable policies for overseas investors are helping to bring innovative designs to impressive fruition.

Mixed-use developments are rising in popularity, together with projects incorporating sustainable features and green spaces. Forward-thinking developers, such as Idea Development and VR Holding, are setting new standards in the field.

In fact, projects including VR Holding's upcoming 230-metre VR Vake Skyview Tower, are boosting the global visibility of Georgia’s real estate sector and attracting international investment.

“These projects will play an important role in accelerating economic growth and urban development,” says VR Holding Founder Noshrevan Namoradze.

Alpha Architecture

Irakli Emiridze founded Alpha Architecture in 2019 with the aim of focusing on innovative projects. To date, he has designed over one million square metres across developments including skyscrapers, cultural heritage sites, residential complexes, hotels and branded hospitality.

One of the defining aspects of Emiridze’s approach is the unique architectural identity created for each development. “Whether in Batumi, Tbilisi or outside of Georgia, we take full advantage of each location’s potential to create extraordinary architecture,” explains CEO Irina Tchkonia. “Every project we undertake is entirely original—we never repeat designs.”

Alpha Architecture is leading major projects across Georgia, from coastal zones to mountain resorts and urban centres. With the entry of Dubai-based Emaar into Georgia, Tchkonia’s expectation is for elevated development standards and a boost to investment. “With our deep knowledge of Batumi’s architecture, regulations and market dynamics, we are confident we can collaborate effectively and make their work here easier,” she says.

To date, 2025 has proved a significant year for the company. Alpha Architecture has been shortlisted at the World Architecture Festival, one of the most prestigious architectural events worldwide, and has also received an A’ Design Award and an Iconic Award for its innovative design and exceptional architectural quality. These accomplishments establish Alpha Architecture as a leader in innovative, high-quality architecture on the international stage.

What motivates your work at Alpha Architecture?

Our aim is to create work that goes beyond traditional buildings; developments hat become destinations and contribute meaningfully to communities, our partners' success and the country's economic growth.

Are partnerships with other UAE investors in the pipeline?

Yes, Alpha is actively exploring international collaborations, including ongoing discussions with two UAE-based companies. Our deep understanding of architecture, regulations and market dynamics positions us well for cross-border partnerships, especially with Gulf-based investors.

What role do innovation and digital technology play?

We use advanced tools like BIM, 3D modelling and parametric design to deliver forward-thinking, functional and visually distinctive solutions. Our partners can expect efficient processes, creative adaptability and projects tailored to both local context and global standards.

What is your sustainability strategy?

We make sure every aspect of sustainable and green architecture is fully considered in our work. For example, in the Symphony project, we integrated extensive greenery, while at the Chess Palace, we installed solar roofs. We focus on using durable materials that reduce the need for replacement. Our goal is to create long-lasting, sustainable projects that serve both people and the environment.

How does Georgia’s business environment attract inward investment?

Georgia’s simple, transparent policies, low tax rates and ease of doing business make it highly attractive to international investors, especially in the real estate and development sectors.

Anagi

Tbilisi-based real estate company Anagi Development creates beautiful spaces for discerning clients in sought-after locations.

Why do clients choose Anagi?

The first thing that distinguishes us is quality; the second is completing projects on time using our own vision and ideas. We work to international standards and guarantee projects will meet expectations.

What makes Georgia an investment hotspot?

Many invest in Georgia because they see stability and growth. When choosing between investing in Georgia or elsewhere, they feel more familiar with Georgia’s way of life, which reinforces confidence.

How has Anagi contributed to national development?

To mention some of our achievements, we rehabilitated parts of Old Tbilisi and also managed the rehabilitation and reconstruction of the historical areas, especially around the main square.

ELT Group

ELT Group designs and builds luxury developments with a strong focus on customer satisfaction.

How would you describe your market position in Batumi? 

ELT Group is recognised as one of Batumi’s most reliable and results-driven developers. Our projects consistently achieve over 90% sales during early construction phases, with remaining inventory strategically limited to ensure pricing control and profitability. 

How does ELT integrate innovation? 

At ELT, innovation means creating more than buildings—we design lifestyles. We begin with infrastructure-first planning, integrating transport, green spaces and commercial amenities from the outset. 

What is your appeal to international investors?

We aim to position ELT as a reliable gateway to Georgia’s real estate sector—one that aligns with international standards, especially in sustainability and return on investment.