The Scope of the Tbilisi Downtown District
The Trump Tower anchors a much larger development known as Tbilisi Downtown. This master-planned district is under construction on the former city hippodrome site in Saburtalo. The total investment for the district is reported at $2 billion.
The district plan covers 600,000 square meters of built area, spread across a complex of six towers. Beyond the main residential tower, the development will feature other residences, a hotel, office space, luxury retail, and restaurants. It sits directly next to the recently opened Central Park.
Residences and Amenities in the Tower
The 62-storey tower, designed by global architecture firm Gensler, will house about 850 branded residences. This mixed-use building combines private apartments with hotel-style services and amenities.
Apartment layouts will start with compact studios of about 40 square meters, extending to larger family-sized units. Promotional materials for the project show concepts for 75-square-meter one-bedroom units and two-to-four-bedroom homes ranging from 150 to 193 square meters.
Planned resident amenities include an indoor pool, a spa and fitness center, a residents' lounge, and a sky terrace. A 24-hour concierge service will also be available. The tower will contain its own restaurants and bars.
Pricing and Target Market
Starting prices for apartments in Trump Tower Tbilisi are between $6,900 and $10,200 per square meter. The final price depends on the floor, view, and specific unit. A 40-square-meter studio, for instance, would have an indicative starting price of about $370,000.
Meni Benish of Archi Group, one of the project's developers, has publicly stated that foreign buyers are the primary target market. He noted specific interest from businesspeople and investors in Dubai and Israel. A sales office for the project has already opened in Herzliya, Israel.
Developers and Project Timeline
Local and international firms collaborate on this project. Archi Group and INVIA are the primary Georgian developers. The US-based Sapir Organization joins them as a co-developer. The Trump Organization provides its name and trademark under a licensing agreement; it is not a developer.
Statements made at the project launch event in September 2024 outlined a long-term construction timeline. The Trump Tower itself is scheduled for completion in 2031. The entire surrounding Tbilisi Downtown district is expected to be finished by 2033.
Background and Context for Buyers
This marks the second announcement of a Trump-branded tower in Georgia. A previous project for a 47-storey Trump Tower in Batumi launched around 2012, involving then-President Mikheil Saakashvili. Local developers reportedly paid $1 million for that licensing deal, which was later cancelled, and the tower never built.
Developers acquired the land for the current Tbilisi project in 2023. A fund controlled by the family of Bidzina Ivanishvili, a billionaire and former Prime Minister of Georgia, was the seller. The Wall Street Journal reported that the deal's terms could see the fund receive up to $85 million in total. The transaction finalized in July 2024.
FAQ
Can a foreigner buy an apartment in Trump Tower Tbilisi?
Yes. Georgian law allows foreigners to purchase and own residential and commercial property with 100% freehold title. The only major restriction is on agricultural land.
What is the estimated price for an apartment?
Indicative pricing starts from approximately $6,900 per square meter. A small studio of 40 sq.m. has a reported starting price of around $370,000. Prices for larger units on higher floors will be significantly more.
When will Trump Tower Tbilisi be finished?
The tower's completion is scheduled for 2031. The wider 'Tbilisi Downtown' district that surrounds it is planned for completion by 2033.
Is this project connected to the old Trump Tower plan in Batumi?
No. The Batumi project was a separate licensing deal announced around 2012 with different developers. It was officially cancelled and never constructed.
This article is for informational purposes only and does not constitute legal, financial, or investment advice.
