Ambassadori Island
Key facts
| Developer | Ambassadori Group |
|---|---|
| District | Tamari (northern coast, port area) |
| Units / floors | 58 floors |
| Price from | $110,400 |
| Price per m² | $3,070 /m² |
| Promised handover | Q1 2029 (stated) |
| Current status | First Tower under construction; island land-formation in progress; completion stated Q1 2029 |
| Payment plan | 48-month interest-free, 20% down; crypto (BTC/USDT) accepted |
| Distance to sea | First line (artificial island) |
| Residency-eligible ($150k) | No / verify per unit |
Location
Get directions · First line (artificial island) to the sea
What's included
First Tower apartments are delivered turnkey (finished, 3.2 m ceilings). The wider island is planned as a self-contained resort: five-star hotel services, marina and yacht club, water park, SPA, shopping mall, concert hall, schools and a hospital, with three-level parking and helipads. Note that most of this island-wide infrastructure is future, built in stages alongside the towers.
Construction updates
- 2026-05 Island land formation reported at roughly 48 of the planned 84 hectares (figures vary by source, about 25 to 48 ha); the First Tower is under construction, with completion stated for Q1 2029. source
Status notes are dated and sourced. They reflect what public listings and reports state at each date, not independently verified site inspections.
Price history
| Date | $/m² | Source |
|---|---|---|
| 2026-06 | $3,070 | source |
Developer track record
Ambassadori Group See full delivery record →
Investment math
Independent yield estimate pending. Yield calculator →
Residency & costs
Entry units here start around $110,400, below Georgia's $150,000 residency threshold - so an entry studio will not qualify on its own. You would need a larger unit, or several combined, to reach $150,000 in appraised value. Eligibility is judged on appraised market value, not the price you pay - full detail in our residency guide.
Pros
- First-line position on a unique artificial island with a private marina and beaches
- World-class engineering partners (Arup, Yuksel Proje) and Georgian national-priority status
- Established hospitality-group developer with a large delivered hotel portfolio
- Turnkey finishing and a long 48-month payment runway spanning construction
Cons & risks
- Very early stage: the island is still being formed and completion is stated for Q1 2029 (a 3+ year wait)
- Artificial-island construction is unprecedented in Georgia - real execution and timeline risk
- Aggressive advertised returns (16-50%) are sales projections, not independent or guaranteed
- Off-plan units cannot be used for residency until built and registered (2029+); entry units are also below $150k
Risks & open questions
The core risk is execution and time. Building an artificial island from the sea has no delivered precedent in Georgia, so treat the 2029 date as a target, not a certainty, and price in a long horizon. Because you are almost certainly buying remotely and years ahead of delivery, confirm the payment-protection terms in writing (what happens to your money if the schedule slips), and be skeptical of the headline ROI figures - they come from sales channels, not independent analysis.
FAQ
When will Ambassadori Island be completed?
The First Tower is stated for completion in Q1 2029. The wider island is built in stages over a longer period. As of 2026 the island is still being formed, so treat 2029 as a target rather than a firm date.
Is the island actually being built?
Yes - land formation is underway (sources report roughly 25 to 48 of the planned 84 hectares formed) and the First Tower is under construction. But nothing is delivered yet; it is an early-stage off-plan project.
Are the advertised 16 to 50 percent returns realistic?
Those are developer and sales-agent projections, not independent or guaranteed figures. Treat headline ROI claims skeptically, run your own numbers, and remember an off-plan island unit earns nothing until it is built (stated 2029).
Can I get residency by buying here?
Not yet - off-plan units do not count for residency until delivered and registered (2029+), and entry units (~$110k) are below the $150,000 appraised-value threshold anyway. Larger units, once built, could qualify.
Get current prices & availability
Tell us your budget and timeline - we'll send the current price list and flag anything worth checking before you commit.