Ambassadori Batumi Island is an 84-hectare development of two artificial peninsulas and an island being built in the sea at the northern entrance of Batumi, next to the city port. The developer is Ambassadori Group, a Georgian hospitality company operating since 2004, working with Arup (masterplan), Yüksel Proje (coastal engineering) and SHoP Architects (design guidelines). By mid-2026, 48 of 84 hectares of land had been created and the first 26-hectare phase was state-commissioned in September 2025. The first residential building, First Tower (58 floors, about 1,325 apartments), is under construction with completion stated for 2029. The full island program, including a marina, schools, retail and recreation areas, is planned through 2035.
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Who is the developer and what have they built before?
Ambassadori Group, a Georgian hospitality company operating since 2004. Completed assets include the Ambassadori Tbilisi Hotel, the Ambassadori Kachreti Golf Resort, and the Villa Ambassadori villa complex in Kachreti (completed 2020). First Tower is the group's first residential high-rise.
Is the artificial island legally approved?
Yes. The Technical and Construction Supervision Agency issued a construction permit covering 102 ha, the National Environmental Agency issued an environmental decision after an 8-month review, and the state has commissioned the first 26 ha of created land (September 2025). The developer holds registered ownership of the created land.
When will apartments be handed over?
The developer states First Tower completion in 2029 (Q1 2029 per korter.ge). The wider island program, including much of the leisure infrastructure, is planned through about 2035.
What payment plans are available?
20% down with interest-free developer installments up to 3 years (some channels quote 48 months), or a TBC Bank mortgage at a 7.8% base rate (8.71% effective).
Does buying qualify for Georgian residency?
Georgia's investment-residency threshold is $150,000 by combined appraisal (rule effective March 2026). Studios from ~$110,000 fall below it; larger 1-2 bedroom units from ~$160,000-200,000 can qualify. Confirm appraisal treatment of off-plan property with a lawyer.
Is there rental management?
A rental/trust management program through Ambassadori Hotels is advertised with a 70/30 revenue split. Since the island has no operating rental history, actual occupancy and rates cannot be verified before the first buildings open.
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