Ortachala City Resort

Ortachala Resort is a unique opportunity for investors to purchase real estate at the lowest
prices in one of Tbilisi’s remarkable locations offering beautiful views of the city and covering an
area of 12 hectares.
The project, when completed, will consist of 23 low-rise and high-rise buildings spread over the
plot surrounded by green areas containing a variety of features for owners and tenants. Facilities
include a swimming pool, fitness centre, playgrounds, football and volleyball courts, biking and
walking trails shaded by trees, a kindergarten and a school, along with commercial facilities for fully
independent living. Given that the project location is less than 2.5 km from the historic heart of
the city, those leaving the area will be able to reach the center in less than ten minutes by taxi.
Underground parking is available at an additional cost of $8,000 up to $10,000 per space.
Similar to such large-scale projects, Ortachala resort will be completed in phases. The first
phase includes sectors I, II, IV and VI which are already under construction. Completion of
sectors IV and VI is scheduled in December 2022, sectors I and II- in December 2023.
Construction of the second phase is scheduled for mid-2023. The entire project, plus all
facilities, will be fully completed by 2023.
The Project offers wide range of apartments of different sizes, from compact to luxurious. Area
of single bedroom apartments start from 43.6m 2 and go up to 60m 2 approximately. Two-room
apartments start from 59.6m 2 and go up to 80m 2 . Three-room apartments start from 89.6m 2 and
increase up to 120m 2 . For large families, the project also offers limited number of four-room
apartments with the area of 109.9 m 2 or 123.7 m 2 . Most of the apartments have balconies with a
unique design for ensuring more inner space during winter months. There are ground floor
apartments with their own private terrace/garden.
Prices at Ortachala resort start at an amazingly low $920 per m 2 . These prices are for the
“white-frame” apartments, meaning they have bare concrete walls, floors, ceilings, bathrooms,
etc.
Ortachala Resort does not offer payment with installments throughout the construction period.
This means that there is only lump-sum payment option for foreign buyers, which is a 100%
contract payment, on which buyers will receive a discount of $20 per m 2.
With a combination of low starting prices and small apartment sizes, along with a mortgage option,
Ortachala Resort is an ideal first purchase for small investors looking for quick capital assessment and a
good return upon completion of the project. Due to its close location to the tourist center of the city,
plus the number of amenities available to guests, the apartments are expected to be particularly
popular in the short-term rental market. Interested investors are strongly advised to act quickly,
however, as prices are scheduled to increase rapidly and regularly during the construction period.