22 Mikheil Ipolitov-Ivanovi St, T'bilisi, Georgia
The French District is a massive new up and coming project in Gldani, just 20 minutes away from the center of Tbilisi, Gldani is an area in Tbilisi that is rapidly developing with new buildings. This area is ideal for those who wish to rest from the restless, and the stressful atmosphere of the city, the new french apartments are surrounded by the beauty of nature and fresh air. The apartments are designed by a working group consisting of French Investors and Georgian architects who are well equipped, experienced, and consistent, using materials of the highest quality, they were able to build a new french quarter for its future residents – a place that can truly be called a house built according to all building standards.
The French District has already been completed and ”The New French District” is expected to be completed by 30th September 2020
The area Gldani , the so called ”New City” looks different from Tbilisi downtown, the area is more brand new – from the fresh asphalt on the main roads, to the buildings and the streets they are built on. The area is feels different and the government is striving to fill the area up by adding more commercial areas and outlets, allowing big companies to branch out there. It is an ideal investment for the future, and pleasantly rewarding for those who enjoy playing the waiting game for maximized returns. Gldani is not an area where you can gain high returns from daily rentals / AirBnB business , but with that being said, there is a demand for long term rentals by Georgians who wish to move closer to Tbilisi and prefer the ‘new’ from old.
All in all, investing in the new developing area Gldani means investing in the future, and you can be assured you will receive higher capital appreciation in the long-run. We expect ROI to stay 8-10% with yearly rentals and it is expected to rise as more and more people are driven to populate this new part of Tbilisi.
Price of Green Frame : $550/m2 on the lower seven floors and $560/m2 for the higher floors if you are investing in an Off plan project in the French District. If you wish to buy an already completed project in the French District the prices start from 650$/m2.
The price to own your apartment in the French District is more attractive than areas with barely any land left to build on, areas such as Vake and Saburtalo – where green frame starts from 1000$/m2 and above. This project is highly recommended for Rookie Investors or for those who wish to move into a new home and new area. If you need financing or a special customized payment plan, this may be something we are able to arrange for you either through the banks we work with or the developer.
Receive more information regarding this property through +995551071121