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Property Market Insights

AS Group Investment Received A Special Architectural Award 2016

The fifth edition of the international architecture festival, “2016 Architectural Award”, took place at the Radisson Blu Iveria hotel in Tbilisi. International development holding company AS Group Investment received a special award at the aforementioned event for implementing Dirsi – the largest development project in Georgia.

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Colliers International Georgia Has Released Real Estate Market Research 2015

Real estate service company Colliers International Georgia has released an updated review of the real estate market for the year 2015. The study has been commissioned by the Ministry of Economy and Sustainable Development, as well as the Tbilisi City Hall.

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Georgian-Arabian Company to Construct Mini Town in Saguramo

Georgian Ventures & Investment Ltd (GVI), together with Arabian Salim Ali Al Shamsi Real Estate will create mini town, Saguramo Gardens which will cover 35 hectares.

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DIRSI’s Solid City #TurnKey

20 buildings, 39 blocks, and 4898 fully fitted-out flats – this is Dirsi’s ‘Mini City’! This grand residential complex is being built by AS Georgia – a subsidiary company of the Azerbaijani AS Group Investment. However, the investor does not wish to stop here, and is already announcing new projects on the market. Property Georgia spoke to the company’s Director General, Murad Isfandiyarov, and Head of the Marketing Department, Nino Kuprashvili.

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2016 is going to be a very interesting year for Georgia’s real estate sector, better than 2015.


Thea Gigiberia | IFC Georgia Country Representative

“IFC’s financing continues to set the standard for developing energy- efficient buildings and fostering competition in the housing sector.”

Irakli Kilauridze | Managing Director Colliers International Georgia

2016 is going to be a very interesting year for Georgia’s real estate sector, better than 2015.

Bruno Balvanera | Director for Caucasus, Moldova and Belarus at EBRD

"The more we focus on a certain activity, the more we are transparent, the more we share information with different players, the more stable we are going to create the market.

Lasha Papashvili / Redix CEO

Georgia is a promising market for real estate development and it’s true not only for Tbilisi but for the regions as well.