Tbilisi is already being considered by many as an alternative to the Dubai market - it is common for foreigners to buy 20-50 apartments during pre-sale

Tbilisi’s real estate market is undergoing a noticeable shift, with a growing number of investors now viewing it as a serious alternative to Dubai. In recent years, rising property prices in the UAE and increasing geopolitical tensions in the Middle East have pushed many international investors — particularly from the Gulf, Russia, and Europe — toward Georgia. One of the most striking new trends is that foreign buyers are no longer purchasing single apartments. It has become common for them to acquire 20 to 50 units at once during the pre-sale stage. This surge in interest is driven by several key factors: Significantly lower prices compared to Dubai Attractive rental yields (often ranging between 8–12%) Unrestricted property ownership for foreigners Possibility of obtaining Georgian residency Large-scale projects by international developers such as Eagle Hills As a result, Tbilisi (and Batumi) is rapidly establishing itself as a preferred investment destination for those seeking higher returns with relatively lower entry costs in the current market environment.

Source https://www.bpn.ge/article/154922-tbiliss-dubais-bazris-alternativad-ukve-zalian-bevri-ganixilavs-xshiria-roca-ucxoelebi-pre-sale-ze-20-50-binas-qiduloben/