Eagle Hills’ chairman and founder, Mohamed Ali Rashed Alabbar, highlighted the exceptional response to the Tbilisi Waterfront project, emphasizing the strength of Georgia’s real estate market and public trust in the development. “Tbilisi is a unique city, and this project reflects our vision and commitment to delivering high-quality developments that provide tangible value to the community,” he said.
The first phase of Tbilisi Waterfront, comprising over 300 premium apartments, townhouses, villas with river views, the Bristol Hotel, and luxury branded residences, sold out on the very first day. High demand continued into the second day, with additional units released also selling completely. Nearly 60% of the sold units were purchased by Georgian buyers, underscoring strong local confidence in the project and the sustainability of Tbilisi’s real estate market, while international buyers also showed significant interest.
Beyond providing premium residential spaces, Tbilisi Waterfront is expected to act as a major economic catalyst for both the city and the country. With a total investment of approximately $3.5 billion, the project is a significant source of long-term foreign direct investment and is projected to contribute to GDP growth through construction, hospitality, retail, property management, and related indirect economic effects.
Building on this success, Eagle Hills is advancing the Gonio Yachts & Marina project, a 260-hectare development featuring branded residences, luxury hotels, parks, and green spaces. Together, Tbilisi Waterfront and Gonio Yachts & Marina represent over $6.7 billion in total investment, reflecting Eagle Hills’ long-term commitment to high-quality modern residential and coastal developments in Georgia.
