King's Garden
A luxury club complex on Mirza Shafi Street in Old Tbilisi, next to the Botanical Garden, the sulphur baths and Narikala Fortress. Just 70 residences with terraces and a 1,300 m² World Class wellness centre.
- Only 70 residences in the historic centre, below Narikala Fortress.
- Residences from €599,500 (≈ $653,455) and a penthouse with a 138 m² terrace.
- 0% instalments up to 18 months or 10% off for full payment.
About the project
King's Garden is a luxury club residential complex in the historic centre of Tbilisi, on Mirza Shafi Street. It is surrounded by architectural landmarks, the Abanotubani sulphur baths and the Botanical Garden, with Narikala Fortress above. The project has only 70 residences: the developer is focused on privacy and a closed community of owners.
Residences on sale range from 100 m² to large apartments of up to 500 m² with terraces, including combined lots and a 424.5 m² penthouse with a 138 m² terrace. Prices start from €6,000 per m² in block A and from €5,500 in block C. Apartments are delivered in green frame condition.
Residents have a 1,300 m² World Class Lux wellness centre with a pool, spa, sauna and Technogym-equipped gym, a conference hall and an open piazza with boutiques. The grounds are secured, with a concierge and a 160-space underground car park (€40,000 per space).
The format is aimed at buyers who value a rare location and prestige: there are almost no new projects of this class in Old Tbilisi, and the views of Narikala and the old town cannot be replicated in any other district.
Gallery
What King's Garden will look like
Developer renderings.
Key facts
Key information
The essentials on one screen.
City, district
Tbilisi, Old Tbilisi
Prices
from $653 455
Completion
Q4 2026 (block C) – Q4 2027 (block A)
Instalments / mortgage
0% instalments up to 18 months
Residence permit
Yes — from $150,000
Finishing
Green Frame
Developer price list
Prices and purchase terms
Prices from the official Apollo G.S. price list as of 2026 (King's Garden price list in euros, converted at €1 = $1.09). Through Tbilicity — no mark-up.
| Type | Area | Price from | Per m² |
|---|---|---|---|
| Residence, block C | 109–274.9 m² | $653 455 | from $5 995 |
| Residence, block A | 100.6–183.2 m² | $657 924 | from $6 540 |
| Large residence, block A | 196.9–501.6 m² | $1 416 499 | from $6 976 |
| Penthouse, block A | 424.5 m² | $4 627 050 | from $10 900 |
The price of a specific unit depends on floor, view and finishing — we'll send an exact quote via WhatsApp.
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Investment potential
King's Garden is in the luxury segment, with prices several times above the Tbilisi average. Market figures for 2026:
Price per m², new buildings
Residence 109 m² × $14.2 per m² (Vake rent — the city's highest) ≈ $1,550 per month, about $18,600 per year. At a price from $653,455 that's:
Indicative long-term rental rates, before expenses. Luxury and short-term rental work out differently — we'll calculate on request.
Sources: Geostat (via Georgia Today, 26.10.2026); Galt & Taggart — Tbilisi market reviews 2026; TBC Capital — prices in Vake and Mtatsminda, June 2026; King's Garden price list. Forecasts are not a guarantee of returns.
Developer
Apollo G.S.
The developer of King's Garden is Apollo G.S.; according to avezor.ge, the project is run by Capital Partners of Georgia (CPG), the group also behind Petra Sea Resort.
King's Garden is the flagship urban project in the portfolio: the company calls it a project that cannot be repeated because of its unique location in Old Tbilisi.
The complex's wellness facilities are being developed together with the World Class chain.
Location
Old Tbilisi: neighbourhood and amenities
Mirza Shafi Street, Tbilisi
Old Tbilisi is the city's historic centre: the Abanotubani sulphur baths, Narikala Fortress, the Botanical Garden, narrow streets lined with balconies and dozens of restaurants. It is the capital's main tourist district.
Very few new residential projects are built here: the area is protected and free plots are scarce. That is why premium apartments in the centre command above-average prices and are in demand among tenants and tourists.
Ask an expertOn-site amenities
- World Class Lux wellness centre, 1,300 m²
- Pool, spa, sauna, solarium
- Gym with Technogym equipment
- Conference hall
- Piazza with boutiques
- Concierge and security
- 160-space underground parking
- Terraces overlooking Narikala and the old town
FAQ
Questions and answers
Answers to the most common questions.
How much does an apartment in King's Garden cost?
According to the developer's price list, residences in block C start from €599,500 (≈ $653,455) for 109 m², and in block A from €603,600 (≈ $657,924) for 100.6 m². Prices range from €5,500 to €7,200 per m² ($5,995–7,848); the 424.5 m² penthouse is €4,245,000 (≈ $4,627,050). Dollar prices use the price-list rate of €1 = $1.09.
Is there an instalment plan?
Yes, an interest-free developer instalment plan of up to 18 months. Full payment earns a 10% discount. A Bank of Georgia mortgage is also available for local and foreign clients.
When will King's Garden be completed?
According to korter.ge, block C is scheduled for Q4 2026 and block A for Q4 2027. Apartments are handed over in green frame condition.
Can a foreigner buy an apartment, and can it be done remotely?
Yes. Foreigners buy property in Georgia on the same terms as citizens, and the deal can be completed online. The developer provides legal support, including help with a residence permit.
Is buying through an agency expensive?
No. Buying through Tbilicity is at the developer's official price list — with no markup for the buyer.
Does buying an apartment give a residence permit in Georgia?
Since 1 March 2026, a Georgian residence permit can be obtained by buying property with a market value of at least $150,000 (assessed by an accredited valuer) — a one-year temporary permit that can be renewed. From $300,000 — a 5-year investment residence permit. At King's Garden, even the most affordable units meet this threshold.
Free selection
We'll pick 3–5 new builds for your goal
Tell us your budget and goal — we'll send a selection with developer prices, instalment plans and yield estimates via WhatsApp or Telegram.
See also
Other new buildings in Tbilisi
from $34 456Palatina by ELT
- 29 floors
- Mtkvari river and city views
- Open-air terrace pool
from $84 555Spanish Quarter by Barceló
- Partnership with Barceló Hotel Group
- Turnkey apartments
- 150-room hotel
from $161 325Tbilisi Downtown by Next
- Swimming pool
- Gym
- 24/7 secure grounds
from $91 750Tbilisi Oriental by Next
- Lobby and reception
- 24/7 concierge
- Restaurant
from $158 760VR Krtsanisi Villa Residence
- 20-hectare gated quarter
- Outdoor pools and an indoor pool
- Technogym fitness centre and sauna
from $77 969Archi Dighomi 3
- 7,000 m² courtyard
- Playground and two sports grounds
- Commercial units
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Buying a new build with Tbilicity — 6 steps
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