Tbilisi Oriental by Next
A new NEXT tower on the Mtkvari riverbank in Ortachala, close to the Old Town. Studios and one-bedroom apartments, 20% down and 0% instalments over 37 months.
- A tower on the Mtkvari riverbank next to the Old Town.
- Studios from $91,750, one-bedroom apartments from $164,580.
- 20% down and 0% instalments over 37 months.
About the project
Tbilisi Oriental is a new NEXT residential tower on the Mtkvari riverbank in Ortachala, between the Old Town and new residential neighbourhoods. The developer positions it as a Signature Estate residence with hotel services.
Currently on open sale are studios of 36.6–48.6 m² and one-bedroom apartments of 63.3–94.6 m²; two-bedroom apartments are available on request. Buyers can choose an unfinished apartment or one with developer renovation.
The building has a lobby with reception, 24/7 concierge, restaurant, gym, wellness centre, garden and offices; residents get valet parking, cleaning and laundry. Fibre-reinforced concrete frame, KONE lifts, low-emission glazing and central heating.
The project suits investors buying in at the construction stage and those looking for an apartment with river views close to the historic centre.
Gallery
What Tbilisi Oriental by Next will look like
Developer renderings.
Key facts
Key information
The essentials on one screen.
City, district
Tbilisi, Ortachala
Prices
from $91 750
Completion
Q4 2028
Instalments / mortgage
20% + 37 months at 0%
Residence permit
For units from $150,000
Finishing
unfinished or renovated (your choice)
Developer price list
Prices and purchase terms
Prices from the official NEXT (Next Group) price list as of November 2026 (available apartments on the NEXT website). Through Tbilicity — no mark-up.
| Type | Area | Price from | Per m² |
|---|---|---|---|
| Studio | 36.6–48.6 m² | $91 750 | from $2 250 |
| 1 bedroom | 63.3–94.6 m² | $164 580 | from $2 280 |
The price of a specific unit depends on floor, view and finishing — we'll send an exact quote via WhatsApp.
Calculator
Calculate your instalments
Tbilicity analytics
Investment potential
Ortachala is a district next to the Old Town where new builds are still cheaper than in Vake. Market figures for 2026:
Price per m², new buildings
Studio 36.7 m² × $10.0 per m² (average Tbilisi rent) ≈ $367 per month, about $4,404 per year. At a price from $91,750 that's:
Gross yield on a long-term let, before expenses, taxes and vacancy. Short-term rental works out differently — we'll calculate it on request.
Sources: Geostat (via Georgia Today, 26.10.2026); Galt & Taggart and TBC Capital — Tbilisi market reviews 2026; NEXT — available apartments, prices and terms on next-property.com, November 2026. Forecasts are not a guarantee of returns.
Developer
NEXT (Next Group)
NEXT (Next Group) is a Batumi-based developer building in Batumi, Tbilisi and Kobuleti, with projects also in the UAE, Poland, Kenya and Spain.
In Georgia the company has already sold out Next Orange, Next Apartments, Next White and Next Green; currently under way are Radisson Blu and Wyndham Residence in Batumi, NEXT Collection, Gardens, Address, Magnolia, Tbilisi Downtown, Tbilisi Oriental and other projects. NEXT has its own NEXT Property app for managing apartments and rentals.
Location
Ortachala: neighbourhood and amenities
Ortachala, Mtkvari Embankment, Tbilisi
Ortachala is a historic district of Tbilisi on the Mtkvari, south of the Old Town. The Abanotubani sulphur baths are next door; in the 20th century the Ortachala hydroelectric power station operated here.
The district is now being renewed: residential complexes are replacing industrial sites, while prices remain lower than in Vake and Mtatsminda. Ortachala links the old centre with new residential and business neighbourhoods.
Ask an expertOn-site amenities
- Lobby and reception
- 24/7 concierge
- Restaurant
- Gym and wellness centre
- Garden
- Valet parking
- KONE lifts
- Central heating
FAQ
Questions and answers
Answers to the most common questions.
How much does an apartment in Tbilisi Oriental cost?
According to NEXT as of November 2026, available studios (36.6–48.6 m²) start from $91,750 and one-bedroom apartments (63.3–94.6 m²) from $164,580. Price per m² starts from $2,250 without renovation.
Is there an instalment plan?
Yes. 20% down payment, the balance in interest-free instalments over up to 37 months, paid monthly or quarterly. For a studio from $91,750 that's about $2,000 per month. We'll send the exact schedule via WhatsApp.
When will Tbilisi Oriental be completed?
According to NEXT, handover is in December 2028, with full turnkey completion in June 2029.
Can a foreigner buy an apartment, and can it be done remotely?
Yes. Foreigners buy property in Georgia on the same terms as citizens. Reservation, contract and payment can all be handled online — we support the deal from choosing the apartment to registering ownership in the Public Registry.
Is buying through an agency expensive?
No. Buying through Tbilicity is at the developer's official price list — with no markup. We select the apartment, check the documents and handle the deal through to registration.
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 Tbilisi Oriental by Next, units priced above $150,000 qualify — we'll suggest options.
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 $653 455King's Garden
- World Class Lux wellness centre, 1,300 m²
- Pool, spa, sauna, solarium
- Gym with Technogym equipment
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 $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
When you buy a new-build apartment through us
Tbilicity buyer bonuses
No down payment
You can buy an apartment with no down payment — we'll show you the options.
Renovation discount
Renovation by our own crews — at a discount for our buyers.
Special rental terms
Special terms when you rent out the apartment through our rental department.
Free property management
We manage the letting of your apartment — as a gift.
How we work
Buying a new build with Tbilicity — 6 steps
Selection
We clarify your budget and goal — living, renting out or residency — and send 3–5 suitable projects with prices.
Viewing
We show the properties in person or online by video call — you can choose without flying to Georgia.
Reservation
We lock in the unit and price with the developer. Buying through us costs the developer's price, no mark-up.
Contract
We check the developer and documents and guide you through the contract and instalment schedule.
Registration
We register your ownership with the Public Registry — remotely, by power of attorney.
After purchase
Our own renovation crews, a rental department and help with resale — we support you after the deal too.