Vake Residence

Vake Residence brings together high-end urban living and investment potential in one of Tbilisi’s most sought-after neighborhoods. Just 100 meters from the city’s central Chavchavadze Avenue, and overlooking the green serenity of Mziuri Park, the project offers panoramic views, rooftop terraces, and over 100,000 sq.m. of thoughtfully planned residential, commercial, and recreational space.

The complex features modern architecture, underground parking, a business center, concierge service, 24/7 security, and full rental management support, making it ideal for international buyers seeking hands-off income generation.

Budget Range: From $95,000- Up to $280,000

Investment Type:
▪️ Buy-to-Let
▪️ Flip & Resell
▪️ Vacation Rental

Residency/Citizenship Interest: ✅ Yes (Residency by Property Ownership eligible)

Project Stage: Under Construction

Risk Appetite: Low to Medium

Project Type: Urban Residential Complex

Projected Rental Yield: 7–10%

Completion: Expected 2025

Residency Eligible? ✅ Yes

Expected ROI: 18–30% (estimated over 2–3 years through rental and appreciation)

Key Benefits

• Located in Tbilisi’s most prestigious district – Vake
• Panoramic views of Mziuri Park & city skyline
• 3,000 m² recreational area & rooftop terraces
• Business center & 3,000 m² of commercial space onsite
• Full-service property management & rental support
• Eligibility for Georgian residency through investment
• High rental demand from expats and business professionals
• Underground parking & 24/7 security
• Walking distance to embassies, schools, parks, and shopping

Important Info for Foreign Buyers

• 100% Ownership: Foreigners can freely purchase and own property in Georgia
• Residency: Property purchases above ~$100,000 USD may qualify for Temporary Residency
• Low Taxes:
  ▪️ 5% flat tax on rental income
  ▪️ No property tax on residential use (if no rental income)
  ▪️ Low registration & legal fees
• Fast Process: Property can be registered within 1–2 working days
• Currency Flexibility: Prices can be paid in USD, EUR, or GEL
• No Inheritance Tax: Properties can be passed to heirs without extra tax