Limited availability
VR Vake Sky Tower by VR Holding in Vake, Tbilisi
Tbilisi's tallest building at 260 metres — 70 floors of branded residences, five-star hotel services and Georgia's highest infinity pool in Vake.
LAUNCH PRICE
From USD 101K
PAYMENT PLAN
TBC
HANDOVER
TBC
ROI POTENTIAL
8-9%
About the Project
Overview of VR Vake Sky Tower, Tbilisi, Georgia
VR Vake Sky Tower is a 70-storey, 260-metre skyscraper in Vake — Georgia's tallest building at 49 Chavchavadze Avenue. Studios from 31.6 sq.m, 1BR from 70.8 sq.m, 2BR from 87.0 sq.m, 3BR from 128.0 sq.m, 4BR from 158.6 sq.m. Prices from USD 101K. Five-star branded residences with Michelin-starred restaurant, region's highest infinity pool, 15 swimming pools, spa, fitness and business centre. Feasibility assessed by Cushman & Wakefield Georgia. Projected price growth +52% over 5 years.
Vake Park — directly opposite
Mikheil Meskhi Stadium — walking distance
Tbilisi Central Park — walking distance
Turtle Lake — 10 min by car
Project Details
Starting Price
From USD 101K
Handover
TBC
Payment Plan
TBC
Area
From 31.6 sq.m
Property Type
Studios, apartments
Bedrooms
Studios – 4BR
Developer
VR Holding
Location
Vake, Tbilisi, Georgia
Signature Features & Amenities
VR Vake Sky Tower is Georgia's tallest building — a 70-storey multifunctional skyscraper in Vake, directly opposite Vake Park and steps from Tbilisi Central Park. The tower's own infrastructure spans 15 swimming pools including the region's highest infinity pool at 260 metres, a Michelin-starred restaurant on floors 56–57, spa and wellness centre, gyms, a business centre, coworking, retail and underground parking for 630 vehicles. Residents have access to five-star hotel services: 24-hour security, concierge, valet parking, cleaning and technical maintenance.
- 15 swimming pools
- Rooftop infinity pool at 260m
- Michelin-starred restaurant
- Spa and wellness centre
- Gyms with latest equipment
- Business centre and coworking spaces
- Luxury shopping centre
- Helipad
- Underground parking for 630 vehicles
- 24-hour security
- Concierge services
- Valet parking
- Cycling and pedestrian paths
- Property management services
Property Types
VR Vake Sky Tower offers five apartment formats: studios from 31.6 sq.m, 1BR from 70.8 sq.m, 2BR from 87.0 sq.m, 3BR from 128.0 sq.m and 4BR from 158.6 sq.m. Prices start from USD 101K for a studio, USD 224K for a 1BR and USD 245K for a 2BR apartment. Pricing for 3BR and 4BR units is available upon request.
Property Type
Living Area
Starting Price
Studios
357 sq.ft
|
1-BR Apartments
762 sq.ft
|
2-BR Apartments
936 sq.ft
|
3-BR Apartments
1,378 sq.ft
|
4-BR Apartments
1,707 sq.ft
|
Payment Plan
Payment plan details are TBC. Contact us for current options.
TBC
Down Payment
TBC
During Construction
TBC
On Handover
Investment Potential
VR Vake Sky Tower is the tallest building in Tbilisi — and one of the few new developments in Vake, the city's most prestigious district, where new-build prices reach USD 2,000–2,500 per sq.m. Georgia's residential real estate market hit a record USD 4.3B in 2024 per Global Property Guide, with Tbilisi accounting for 72% of all transactions. Georgia recorded 7.45 million tourists in 2024, up 24% year-on-year — driving stable short-term rental demand. Five-star branded residences with professional property management historically outperform the standard market by 19% in Georgia. Projected price growth: +52% over 5 years per developer's forecast. Average rental yields in Tbilisi: 7.42% in Q1 2026.
As of 2026:
- Projected price growth +52% over 5 years — developer forecast
- Tbilisi new-build prices in Vake — USD 2,000–2,500 per sq.m
- Georgia real estate market — record USD 4.3B in 2024
- 72% of Georgia's real estate market concentrated in Tbilisi
- Tourist arrivals in Georgia — 7.45 million in 2024, +24% YoY
- Branded residences outperform standard market by 19% in Georgia
- Average rental yields in Tbilisi — 7.42% in Q1 2026
- 0% tax on resale after 2 years of ownership
- 5% rental income tax
- Full foreign ownership — no restrictions
- Residency from USD 100K investment
- No inheritance tax
Gallery
Exteriors
Interiors
About Vake and Tbilisi
Vake is Tbilisi's most prestigious residential district — home to diplomats, senior executives and the city's established elite. The neighbourhood is built around Vake Park, one of the city's largest green spaces, and the tree-lined Chavchavadze Avenue, which connects residents to the university district, international schools, embassies and the central business district. New-build prices in Vake reach USD 2,000–2,500 per sq.m — the highest in Tbilisi — reflecting consistent demand from both local buyers and international investors.
About Vake and Tbilisi
Vake is Tbilisi's most prestigious residential district — home to diplomats, senior executives and the city's established elite. The neighbourhood is built around Vake Park, one of the city's largest green spaces, and the tree-lined Chavchavadze Avenue, which connects residents to the university district, international schools, embassies and the central business district. New-build prices in Vake reach USD 2,000–2,500 per sq.m — the highest in Tbilisi — reflecting consistent demand from both local buyers and international investors.
Attractions
Life in the heart of Vake:
- Vake Park — directly opposite
- Tbilisi Central Park
- Mikheil Meskhi Stadium
- Turtle Lake
- Tbilisi Botanical Garden
Premier Healthcare
Medical care close to home:
- Tbilisi Central Hospital
- Aversi Clinic Vake
- Iashvili Children's Central Hospital
- MediClubGeorgia
Elite Education
Options for families:
- Public School №51 — Vake district
- European School of Tbilisi
- Nino and Ilia Nakashidze School
- Free University of Tbilisi
About the Developer
About the Developer — VR Holding
VR Holding is one of Georgia's first premium real estate developers, founded in 2010 by businessman Noshiko Namoradze. For 15 years the company has been implementing large-scale residential, resort and mixed-use projects across Georgia — from Tbilisi's diplomatic Krtsanisi district to the Black Sea coast in Shekvetili. VR Holding works with internationally recognised engineering and design consultants: Werner Sobek designed the double ventilated facade of VR Vake Sky Tower, wind load testing was conducted by RWDI, and a full feasibility study was performed by Cushman & Wakefield Georgia. VR Vake Sky Tower is the company's most ambitious project to date and Georgia's tallest building at 260 metres.
FAQs About VR Vake Sky Tower
Who is the developer of VR Vake Sky Tower?
VR Vake Sky Tower is developed by VR Holding — one of Georgia's first premium real estate companies, founded in 2010 by businessman Noshiko Namoradze. The company has been delivering large-scale residential and mixed-use projects across Georgia for 15 years, working with international partners including Werner Sobek for facade engineering and Cushman & Wakefield Georgia for feasibility assessment.
Where is VR Vake Sky Tower located?
VR Vake Sky Tower is located in Vake — Tbilisi's most prestigious residential district — at 49 Chavchavadze Avenue, directly opposite Vake Park. Tbilisi Central Park and Mikheil Meskhi Stadium are within walking distance, Turtle Lake is 10 minutes by car, and Tbilisi International Airport approximately 40 minutes.
What property types are available at VR Vake Sky Tower?
Studios from 31.6 sq.m, 1BR from 70.8 sq.m, 2BR from 87.0 sq.m, 3BR from 128.0 sq.m and 4BR from 158.6 sq.m.
What is the starting price at VR Vake Sky Tower?
Prices start from USD 101K for a studio, USD 224K for a 1BR and USD 245K for a 2BR apartment.
What payment plans are available at VR Vake Sky Tower?
Payment plan details are TBC. Contact us for current options.
When will VR Vake Sky Tower be completed?
Handover date is TBC. Please contact us for the latest construction timeline.
What returns can I expect at VR Vake Sky Tower?
Projected price growth is +52% over 5 years per the developer's forecast. Average rental yields in Tbilisi reach 7.42% in Q1 2026, with branded residences historically outperforming the standard market by 19% in Georgia.
Can foreigners buy property at VR Vake Sky Tower?
Yes. Foreign buyers can purchase property in Georgia in full ownership with no additional permits or intermediaries. Title is registered in the blockchain registry within one business day.
Can I obtain residency by purchasing at VR Vake Sky Tower?
Yes. From USD 100K — annual residency permit with yearly renewal. From USD 300K — permanent investor residency (residence card issued for 5 years, renewable).
What tax advantages does Georgia offer?
0% tax on resale after two years of ownership, 5% rental income tax, property tax 0–1% (0% if annual household income from Georgian sources is below GEL 40,000), and no inheritance tax.
Why invest in VR Vake Sky Tower?
VR Vake Sky Tower is Georgia's tallest building at 260 metres in Vake — Tbilisi's highest-priced district at USD 2,000–2,500 per sq.m for new developments. Georgia's real estate market reached a record USD 4.3B in 2024, with 7.45 million tourists visiting the country that year. Five-star branded residences with professional property management and a projected price growth of +52% over 5 years make this a rare proposition on the Tbilisi market.
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