The Parallel, Batumi, for an Israeli Buyer

The Parallel is one of two projects in this guide series published in Georgian lari rather than US dollars, and the only one offering a 0% down payment option alongside a conventional plan. This guide sets out what is published, separate from any rental projection described in the developer's own marketing.

The project in outline

Developed by Metropol in Old Batumi, on Tbel Abuseridze Street facing the city stadium, The Parallel offers apartments ranging from 32.5 to 110 square metres. Prices are published lot by lot on the developer's own platform rather than as a single headline figure; the entry price shown is GEL 162,518. Delivery and current construction status are confirmed directly with the developer, and the project is sold on a lot-by-lot pricing basis. Project locations shown on marketing material are approximate; your adviser confirms the exact plot.

Two payment options

The published structure offers either 20% down with the balance following a standard schedule, or 0% down with the full balance due on completion. Because pricing is set lot by lot, the exact amounts under either option depend on the specific unit chosen; your adviser confirms current figures directly with Metropol rather than applying one unit's pricing to another.

The Royal Tulip rental programme, as described by the developer

The Parallel is linked to Metropol's Royal Tulip hospitality offer, with a rental programme that the developer describes as allowing up to 60 days of personal use per year for an owner who enrols their unit. The exact mechanics of that programme, including the owner's share of rental income, the fees deducted, and how personal-use days are scheduled around paying guests, are contract-level details confirmed directly with Metropol and read carefully before signing. No specific rental yield or return figure from the developer is repeated here as a projection.

Why pricing is quoted per lot rather than a single figure

Because units vary from 32.5 to 110 square metres with different views and positions within the building, Metropol prices each lot individually on its own platform rather than publishing one blanket entry price the way some Batumi projects do. This means the GEL 162,518 figure above reflects the lowest published lot at the time of listing, not a guaranteed price for every unit; always confirm the current price for the specific lot you are considering.

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Where this sits against Georgia's residence permit threshold

Georgia's law on the legal status of foreigners, article 15.j, sets the threshold for a short-term residence permit through property at a market value exceeding USD 150,000 equivalent in GEL, established by an accredited certified expert, renewable one year at a time, subject to conditions confirmed with the Georgian authorities; it is not a nationality and not an automatic right. Whether a specific lot at The Parallel clears that threshold depends entirely on the unit chosen and the expert's eventual valuation, not the published lari figure. See our guide to Georgia's residence permit through property for the full rule.

Registration and tax

Registration runs through Georgia's National Agency of Public Registry (NAPR) via a Public Service Hall, at official fees of GEL 150, 270 or 350 depending on processing speed, with the paying party set at contract stage; a local Georgian lawyer should verify the title for the specific lot before you sign. If you let the unit out, whether independently or through the Royal Tulip programme, Georgia's tax code sets a 5% rate on gross rental income earned by an individual, under article 81 paragraph 2, with no deductions; a sale after more than two years of ownership is exempt from the 5% capital gains rate under article 82 paragraph 1(f.a). Current rules are confirmed with a tax adviser, and your own Israeli tax position is a separate question for your own adviser.

Working with Orven

Orven requests current lot-by-lot pricing and the full Royal Tulip programme terms directly from Metropol and connects you with a local Georgian lawyer for title verification. For the full project write-up, see The Parallel Batumi guide. Orven's Israel page lists The Parallel among the Batumi projects most requested by Israeli buyers interested in a rental programme.

Message Orven on WhatsApp at +971 52 776 1939 or by email at sales@orvenproperties.com with your budget and whether the rental programme interests you, and your adviser follows up with current lot pricing.

FAQ

What is the entry price for The Parallel? GEL 162,518 for the lowest published lot at the time of listing; pricing is set lot by lot, so the figure for your preferred unit is confirmed directly with Metropol.

What are the payment options? 20% down with a standard schedule, or 0% down with the full balance due on completion.

Does the Royal Tulip rental programme guarantee income? No. The developer describes up to 60 personal-use days per year under the programme; the income mechanics are confirmed directly with Metropol and read in the contract.

Does The Parallel qualify for Georgia's residence permit through property? It depends on the specific lot and the certified expert's eventual valuation, not the published starting figure.