According to the draft 2027 budget of the Autonomous Republic of Adjara, GEL 40.5 million has been allocated for the second phase of the “Dream City” residential project. The project’s total cost stands at GEL 132.6 million, of which GEL 64.9 million has already been spent. Construction is scheduled for completion on February 5, 2028.
According to Adjara’s Ministry of Finance and Economy, the second phase includes nine residential buildings with a total of 1,077 apartments. Three buildings will have eight floors, while the remaining six will have 13 floors. Structural reinforced concrete works have been completed, while roofing, plastering, engineering, insulation, window and door installation, and facade works are currently underway.
The project also includes the construction of a public school and kindergarten, as well as parking areas, playgrounds, cycling paths and pedestrian walkways. The residential buildings will be equipped with modern utility infrastructure. Around GEL 67.7 million of the total project budget remains to be spent.
The first phase of Dream City experienced significant delays. Construction began in February 2020 and was initially scheduled for completion in July 2021, but deadlines were repeatedly extended. In 2024, apartments were finally handed over to 582 families across three residential buildings. The first phase was carried out by construction company Dagi, with the contract value increasing from GEL 38.7 million to GEL 39.1 million. The company was also fined for delays.
