New Boulevard

New Boulevard is the face of modern Batumi — a bold strip of towers rising directly from the Black Sea shoreline. Over the past decade, this stretch has transformed from an undeveloped coastal road into a forest of glass-clad high-rises housing apart-hotels, branded residences, and mixed-use developments. In summer, the energy is electric: beaches packed, rooftop bars buzzing, and the famous dancing fountains drawing nightly crowds. For investors, New Boulevard represents Batumi's highest short-term rental potential. Units with sea views in well-managed buildings can achieve occupancy rates above 80% during the May-to-September season. Georgia's flat 5% tax on rental income for individuals and zero capital gains tax on properties held over two years make the numbers compelling. The key risk is oversupply — but quality and location within the strip still command premium returns.

New Boulevard in Batumi, Adjara, Georgia