VR Vake Sky Tower
One of Tbilisi's tallest towers — opposite Vake Park on Chavchavadze Avenue. Studios and 1- and 2-bedroom apartments with views of Turtle Lake, Lisi Lake and Tskhneti. Sold at developer VR Holding's price list.
- One of Tbilisi's tallest towers — 70 floors opposite Vake Park.
- Studios from $110,600, plus 1- and 2-bedroom apartments.
- Developer installments: 30% down, balance until completion.
About the project
VR Vake Sky Tower is a 70-storey residential tower by VR Holding on the site of the former Sports University, directly opposite Vake Park. The tower has 815 apartments; it is one of the tallest towers under construction in Tbilisi and one of the few new projects in Vake, a district with almost no free land left for development.
On sale are studios from 31.6 m² and one- and two-bedroom apartments. Windows face four directions: Chavchavadze Avenue, Turtle Lake, Tskhneti and Lisi Lake. Ceilings are 3.05 m high, and apartments are delivered in White Frame.
The lower floors house a lobby with a 10-metre ceiling, a restaurant, a bar and the Fashion Avenue shopping gallery, and the courtyard has a green terrace with a café. Residents get a swimming pool and a lounge area.
The format suits both living and renting out: Vake is Tbilisi's most expensive district and the most in demand among tenants and expats.
Gallery
What VR Vake Sky Tower will look like
Developer renderings.
Key facts
Key information
The essentials on one screen.
City, district
Tbilisi, Vake
Prices
from $110 600
Completion
Q4 2031
Instalments / mortgage
30% + installments until completion
Residence permit
For units from $150,000
Finishing
White Frame
Developer price list
Prices and purchase terms
Prices from the official VR Holding price list as of November 2026 (VR Holding price list). Through Tbilicity — no mark-up.
| Type | Area | Price from | Per m² |
|---|---|---|---|
| Studio | 31.6–39.3 m² | $110 600 | from $3 400 |
| 1 bedroom | 70.8 m² | $254 880 | from $3 600 |
| 2 bedrooms | 87–87.5 m² | $271 250 | from $3 100 |
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
Vake is Tbilisi's most expensive district and the most in demand among tenants. Market figures for 2026:
Price per m², new buildings
A 33 m² studio × $14.2 per m² (average Vake rent) ≈ $470 per month, about $5,600 per year. At a studio price from $110,600 that is:
Gross yield on long-term rental, excluding costs and vacancy. Daily rental works out differently — we'll calculate it on request.
Sources: Geostat (via Georgia Today, 26.10.2026); Galt & Taggart — monthly Tbilisi market reviews 2026; TBC Capital — Vake prices, June 2026; VR Holding — price list and forecast. Forecasts are not a guarantee of returns.
Developer
VR Holding
VR Holding is one of Georgia's first development holdings, founded in 2010. It builds resort and residential quarters with an emphasis on green spaces.
The company's flagship project is the 20-hectare Krtsanisi Villa Residence in Tbilisi's diplomatic district of Krtsanisi, where almost twenty buildings have already been completed.
The portfolio also includes VR Shekvetili Forest-Beach on the Black Sea coast and villas in Tsavkisi. VR Vake Sky Tower is the holding's first high-rise project in central Tbilisi.
Location
Vake: neighbourhood and amenities
49 Ilia Chavchavadze Ave, Tbilisi
Vake is Tbilisi's most prestigious and greenest district. It is home to Vake Park, Chavchavadze Avenue with its cafés, restaurants and shops, the best private schools and embassies.
Few new projects are being built in Vake: there is almost no free land, so apartments here are traditionally more expensive and appreciate faster. The district is popular with expats and tenants — apartments in Vake are easy to let on long-term leases.
Ask an expertOn-site amenities
- Lobby with a 10-metre ceiling
- Swimming pool
- Restaurant and bar
- Fashion Avenue shopping gallery
- Green courtyard terrace with café
- High-speed lifts
- Views of Turtle Lake, Lisi Lake and Tskhneti
- Vake Park across the road
FAQ
Questions and answers
Answers to the most common questions.
How much is an apartment in VR Vake Sky Tower?
According to VR Holding's price list for November 2026, studios of 31.6–39.3 m² start from $110,600, one-bedroom apartments (70.8 m²) from $254,880 and two-bedroom (87–87.5 m²) from $271,250. Price per m² — from $3,100 to $3,800 depending on floor and view.
Is there an installment plan?
Yes. The developer's standard plan is 30% down and 70% in instalments until construction is completed in December 2031, with no bank involved. There is also a long-term plan over 5–10 years at 8.5% per year. We'll send an exact schedule for a specific apartment on WhatsApp.
When will VR Vake Sky Tower be completed?
According to VR Holding, construction is due to be completed on 31 December 2031.
Can a foreigner buy an apartment, including 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 an apartment to registering ownership.
Is buying through an agency expensive?
No. Buying through Tbilicity is at the developer's official price list — no markup.
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 VR Vake Sky Tower, 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 $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
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.