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FROM ISRAEL · BATUMI AND DUBAI

Buying property in Dubai and Batumi from Israel

Many of the buyers who contact us from Israel start with Batumi, on Georgia's Black Sea coast, where several projects publish prices in US dollars and staged payment plans. Dubai completes the picture with its off-plan market and Golden Visa route; Orven Properties presents both with one adviser.

Why Batumi, and why Dubai

Batumi is a seaside city where foreigners can buy apartments, with property rights registered at Georgia's National Agency of Public Registry; agricultural land is reserved by the Constitution. Our Batumi selection includes branded residences and seafront projects, each presented with the developer's own documents.

In Dubai, each sale to a foreign buyer is registered with the Dubai Land Department and off-plan payments are held in escrow.

Entry budget and payment plans

In Batumi, prices are often published in US dollars and several developers offer instalments during construction. In Dubai, Prestige One projects such as Hilton Residences publish 20% on booking, 40% during construction and 40% on completion. The figures below are copied from our project pages as displayed today, in their original currency.

Figures shown on our project pages

  • Radisson Blu Residences Gonio Gonio · BatumiFrom USD 149,50020% first payment, 40% in instalments, 40% on handover
  • Wyndham Residences Batumi Gonio · BatumiFrom USD 151,20010% down payment, 50% in instalments, balance on completion
  • Olympus Residence New Boulevard · BatumiFrom USD 62,00030% down payment, 24-month interest-free instalments
  • Hilton Residences Dubai Maritime CityCurrent prices on request20% down · 40% during construction · 40% on completion
  • Chelsea Residences by DAMAC Dubai Maritime CityFrom AED 2.17 million20% down · 40% during construction · 40% on completion
  • Valia Dubai Creek Harbour, DubaiFrom AED 1.96 million

Prices and payment plans as displayed on each project page, on the verification date printed there; availability is confirmed by your adviser.

Residence routes

In Georgia, owning property (other than agricultural land) with a market value exceeding USD 150,000, established by a certified valuer, can support a short-term residence permit for the owner, spouse and children, issued for one year at a time, under conditions to be confirmed with the Georgian authorities. In the UAE, a property investment of at least AED 2 million opens the right to apply for the Golden Visa, under conditions to be confirmed with the authorities.

Transfers and taxes

Transfers are made from your bank, which confirms the documents and conversion terms it requires. In Georgia, the Tax Code sets a 5% tax on residential rental income received by an individual who deducts no expenses; current rules are to be confirmed with a tax adviser. There is no tax on rental income or capital gains for individuals in the UAE. Your position as an Israeli tax resident is to be reviewed with your own adviser.

Remote support

Reservation, payment and registration can be handled remotely, in Batumi as in Dubai. Your Orven adviser speaks English, French and Arabic, schedules calls at the time you choose and follows the file through to handover.

OUR SELECTION

A selection in Batumi and Dubai

Batumi first, with branded and seafront residences, then a choice of Prestige One and other Dubai developers.

Batumi, Georgia

Dubai and the UAE

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INVESTOR GUIDES

Guides for buyers from Israel

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ORVEN PROPERTIES

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YOUR QUESTIONS

Frequently asked questions

Can I buy an apartment in Batumi as a foreigner?

Yes, a foreigner can buy an apartment in Georgia; agricultural land is reserved by the Constitution. The right is registered with the National Agency of Public Registry, and the property and title should be checked with a local lawyer.

Does buying in Batumi give a residence permit?

Property (other than agricultural land) worth more than USD 150,000 at market value, as established by a certified valuer, can support a short-term residence permit renewed one year at a time, under conditions to be confirmed with the Georgian authorities. It is neither citizenship nor an automatic right.

Can I also buy in Dubai?

Yes. Foreign buyers can purchase in Dubai, with registration at the Dubai Land Department and off-plan payments held in escrow. The same Orven adviser can follow both purchases.

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