Key facts
| Parameter | Value |
|---|---|
| Type | Branded residences |
| District | Alley of Heroes |
| Address | Pirosmani 10 |
| To the sea | 435 m |
| Completion | Q4 2029 |
| Floors | 40 |
| Units in project | 600 |
| Available now | 250 |
| Area | 34.1–76.6 m² |
| Price from | $135,947 |
| Per m² | $3,175–4,831 |
| Instalments | 48 months, interest-free |
| Remote purchase | yes |
| Management | River Rock |
About
The first branded residences in Batumi's central tourist district.
Generate income through short-term rentals.
The complex is located in the city's most desirable and dynamic district, Alley of Heroes. This prime location offers direct access to major attractions and ensures strong demand for short- and medium-term stays.
65% projected occupancy rate thanks to its position in Batumi's main tourist zone.
- Lock-and-leave convenience — Your property is fully maintained even when you're away
- Stable Value Growth — And rising rental income potential
- Quality Construction — With long-term maintenance that preserves and enhances property value
- Premium Service — Delivered by River Rock property management
Layouts and prices
| Layout | Area | Price from | Per m² | Available |
|---|---|---|---|---|
| Studio | 34.1–42.4 m² | $135,131 | $3,571 | 173 / 440 |
| One-Bedroom | 54.1–64.2 m² | $175,771 | $3,175 | 59 / 120 |
| Two-Bedroom | 75.8–76.6 m² | $248,172 | $3,274 | 18 / 40 |
Amenities
- Fitness center
- Conference hall
- Swimming pool
- Lounge area
- SPA zone
- Sky bar
- Bar
- Café
- Restaurant
- Parking
Location
- District: Alley of Heroes
- Address: Pirosmani 10
- To the sea: 435 m
Nearby:
- Alley of Heroes — 220 m · 2 min
- Singing fountains — 300 m · 4 min
- Promenade and beach — 356 m · 5 min
- Restaurants and cafes — 300 m · 4 min
- Batumi Mall — 420 m · 5 min
- Black Sea Mall and Carrefour — 630 m · 8 min
- Argo cable car — 800 m · 10 min
- Grand Mall — 1,200 m · 15 min
- Supermarkets — 170 m · 2 min
- Excursion pier — 280 m · 3 min
- Dolphinarium and aquarium — 1,100 m · 15 min
Payment and instalments
- Instalments: 48 months, interest-free
- Remote purchase: yes
- Short-term rental yield: 15% per year
- Payback: 6 years
- Price per m² growth by completion: $3,175 → $6,500/m²
Developer
One Development — At ONE Development, we create residential properties with strong investment potential, designed to suit diverse lifestyles in Batumi's prime urban locations.
- ONE, Residential Renovation/Redevelopment, Award Winner Georgia — European Property Awards, 2025-2026
- Stay & Rent, Mixed-Use Development, Award Winner Georgia — European Property Awards, 2025-2026
Other projects in Batumi
- SportCity — New Boulevard District · from $46,637 · Q4 2030
- ONE Tower — Inasaridze Residential District · from $70,374 · Q4 2027
- Home — Gonio · from $218,583 · Q4 2026
Developer price list as of 2026-10-13. Prices, areas and availability follow the developer’s data and are not a public offer.
Questions and answers
The same answers we give a client in chat
How much does an apartment in Radisson RED cost?
The lowest price in the current price list is $135,947. Price per square metre is $3,175–4,831/m². Currently 250 available of 316 on sale. The developer updates prices and availability regularly, so we send the live list of available units on request.
When will Radisson RED be completed?
Completion is due in Q4 2029. The date follows the developer’s permits and is fixed in the contract.
How far is Radisson RED from the sea?
435 metres to the shore. The complex is located in Alley of Heroes, at Pirosmani 10.
Are instalments available in Radisson RED?
Yes — the developer offers instalments over up to 48 months, interest-free. The down payment and the schedule depend on the building and the specific unit, so we calculate them per unit. The purchase can be completed remotely under a notarised power of attorney.
What yield does Radisson RED offer?
The developer estimates 15% from short-term rent, with payback in about 6 years. This is the developer’s estimate, not our guarantee: it excludes the service charge and the management company’s share, both of which must be requested in writing before the purchase.
Who manages Radisson RED after handover?
The management company is River Rock. It maintains the building and can handle letting your apartment; the management agreement is separate from the purchase contract and is not compulsory.
Can a foreigner buy an apartment in Batumi?
Yes. Foreigners buy residential property in Georgia on the same terms as locals: no residence permit, no local company and no special approvals are required. The restrictions in Georgian law apply to agricultural land, not to apartments. Ownership is registered in the Public Registry of Georgia in the buyer's name.
Do I need to travel to Georgia to buy?
No. The purchase can be completed remotely through a notarised power of attorney: you sign it with a notary in your own country, and we handle the reservation, the contract and the registration. A visit makes sense for handover and finishing works, but even that is optional.
What taxes does a property owner pay in Georgia?
Georgia has no property purchase tax. Annual property tax applies only to households with an annual income above GEL 40,000; the municipality sets the rate, which never exceeds 1% of market value. Rental income earned by an individual from residential property is taxed at 5%. Rates and thresholds should be re-checked with a tax adviser at the time of the transaction.
Does buying an apartment give a residence permit?
Buying property worth USD 100,000 or more is grounds for applying for a short-term residence permit in Georgia; it can be extended, and after several years of ownership permanent residence can be sought. The permit is not automatic: it is a separate application decided by the Public Service Development Agency. The threshold and the rules change, so they must be confirmed with an immigration lawyer before the purchase.
What protects the buyer while the building is under construction?
Georgia has no escrow scheme for off-plan construction, and that is worth knowing upfront. Buyer protection works differently: the contract is registered, and once half of the price is paid the buyer may be recorded in the Public Registry as the future owner of that specific apartment, after which it cannot be sold to anyone else. Registration terms, delivery dates and the parties' liability are set out in each project's own contract; we share the draft contract before any money is paid and go through it with you, including the inconvenient clauses.
What does WSE.AM charge the buyer?
Nothing. We are an official partner of the developer and our fee is paid by the developer. The price you pay is the same as in the developer's own sales office — there is a single price list. On the buyer's side only the usual transaction costs remain: notary, registration and document translation.
Why buy through WSE.AM instead of directly from the developer?
The price is the same; the work is not. A developer's sales team sells its own buildings; we compare projects against each other and will tell you plainly when one does not fit your goal. We keep current availability and price lists, run the purchase remotely from reservation to registration, review the contract and help with finishing and letting after handover. We have been in real estate since 2019 and we answer to you, not to the developer.
What does it cost to maintain the apartment after handover?
It consists of the building's service charge plus utilities. The developer approves the service charge for each building separately, and we request it in writing before the purchase along with a list of what it covers: without that figure a yield calculation is meaningless. Be sceptical of any projection that leaves this line out.
Can the apartment be rented out, and who manages it?
Yes, and for most buyers in Batumi that is the main scenario. The developer's projects come with a management company that handles check-ins, cleaning and maintenance; its terms and its share are set out in a separate management agreement. You can also let the apartment yourself or through any other agency — using the management company is not compulsory.
Where do I start if I decide to buy?
Send us a request — we will share the current price list with live availability for the project you like and go through layouts, floors and views with you. Then comes the reservation, the draft contract to review, the down payment and registration. From the first conversation to a signed contract usually takes one to two weeks if your documents are ready.
Price list and available units
We will send it today, within an hour during business hours