NEXT White
Key facts
| Developer | NEXT (Next Property) |
|---|---|
| District | New Boulevard (Shalva Inasaridze St) |
| Units / floors | 19 floors |
| Price from | $35,420 |
| Price per m² | $2,500 /m² |
| Promised handover | 2023 |
| Current status | Listed as delivered; buyers report handover ran roughly two years late |
| Payment plan | Installment (e.g. 30% down, balance over ~11 months); TBC Bank mortgage |
| Distance to sea | ~3 min walk (seafront) |
| Residency-eligible ($150k) | No / verify per unit |
Location
Get directions · ~3 min walk (seafront) to the sea
What's included
Apartments are offered white-box (unfinished) or turnkey. The boutique hotel concept includes concierge, 24/7 reception and cleaning services, a fitness centre, hammam, and a rooftop restaurant, with rental management available. Confirm exactly which finish and which services are included for your unit.
Construction updates
- 2026-06 Listed as delivered by portals; independent buyer reviews report the handover ran about two years late versus the 2023 marketing (see the developer profile for the sourced reports). 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 | $2,500 | source |
Developer track record
NEXT (Next Property) See full delivery record →
Investment math
Independent yield estimate pending. Yield calculator →
Residency & costs
Entry units here start around $35,420, 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
- Seafront position in the sought-after New Boulevard district, short walk to the beach
- Low entry price (studios from about $35,000)
- Boutique hotel concept with concierge and on-site rental management
- Delivered - you can inspect the actual unit and start renting now
Cons & risks
- Buyers report handover ran roughly two years late (the project was marketed for 2023)
- Buyers also report spec downgrades and extra charges after purchase - see the NEXT developer profile
- Small boutique building (about 10 apartments per floor), fewer amenities than larger complexes
- Entry studios (~$35k) are well below the $150k residency threshold
Risks & open questions
NEXT White is now listed as delivered, but the caution is the developer's record on this exact project: independent buyer reviews describe a handover roughly two years late, plumbing supplied below the contracted specification, and an extra charge requested after a 'turnkey' purchase. These are unverified buyer reports, quoted with sources on the NEXT developer profile. Because it is delivered, inspect the actual unit and finish in person, and get every included item plus any outstanding completion in writing before paying.
FAQ
Was NEXT White delivered on time?
No. It was marketed for completion in 2023, but independent buyer reviews report handover ran roughly two years late, with reported spec shortfalls. It is now listed as delivered - inspect the actual unit before buying, and see the reports on the NEXT developer profile.
What is NEXT White?
A 19-floor boutique hotel-residence on Shalva Inasaridze Street in the New Boulevard district, a short walk from the sea, with concierge and management services.
Do NEXT White apartments qualify for residency?
Entry studios (around $35,000) are well below the $150,000 appraised-value threshold, so they do not qualify alone; only larger or combined units reaching $150,000 would.
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.