Ambassadori Island is Georgia’s first artificial island project, located in Batumi — a city awarded World’s Leading All-Season Destination 2024. The First Tower on the island is a 58-floor residential and hotel complex, combining luxurious architecture, panoramic sea views, and full resort-level infrastructure.
Apartments are available as studios, 1-bedroom, and 2-bedroom units, all with 3.2 m high ceilings, and options for renovation and furnishing. Prices start from $110,447, and buyers benefit from a phased 48-month payment plan.
Designed for investors, the First Tower offers an average ROI of 16.4% in the first year and up to 50% profit on resale if purchased at the pre-construction stage. Full rental management and short- or long-term rental strategies are supported by strong tourism demand and an all-in-one ecosystem that includes pools, restaurants, a pharmacy, gym, supermarket, and rooftop terraces.
- Investment Region: Batumi, Georgia
- Location: Waterfront, on an artificial island near Batumi Central Station
- Budget Range: From $110,447 to $952,020
- Investment Type:
▪️ Buy-to-Let
▪️ Short-Term Rental (Airbnb)
▪️ Flip & Resell (Pre-construction stage) - Residency/Citizenship Interest: ✅ Yes (property over $100,000 qualifies)
- Project Stage: Under Construction
- Risk Appetite: Low
- Project Type: High-Rise Residential & Hotel Complex
- Starting from: $110,447 (Studio, 37.1 m²)
- Projected Rental Yield: 14% (short-term) / 16% (long-term ROI)
- Completion: February 2029
- Residency Eligible? ✅ Yes
- Expected ROI:
▪️ 16.4% in first year
▪️ Up to 50% profit on resale after construction
Key Benefits
- First artificial island development in Georgia
- Only 3 minutes from Batumi Central Station
- 58 floors, 240 parking spots, 3-level commercial area
- Studio to 2-bedroom units with panoramic sea views
- Full amenities: open pool, gym, rooftop terrace, pharmacy, supermarket
- All-year tourism destination with a strong rental market
- Payment plan available over 4 years (20/20/25/25/10 structure)
- Construction using fast tunnel tech & monolithic concrete
- High-speed elevators, central HVAC, and a ceiling height of 3.2m
- Fully managed rental operations for passive income
Important Info for Foreign Buyers
- Foreigners can own 100% of property in Georgia
- Residency eligibility: Property purchases above $100,000
- Rental income is taxed at 5%
- 0% capital gains tax if held for 2+ years
- Legal support & fast ownership transfer (1–2 working days)
- Payments accepted in USD or EUR