NEXT White
Key facts
| Developer | NEXT (Next Property) |
|---|---|
| District | New Boulevard / Airport district |
| Promised handover | 2023 (archived) Archived official page |
| Current status | Operating as NEXT White aparthotel; current portal lists one building delivered in 2024; exact commissioning and buyer-handover dates remain unverified |
| Cadastral no. | 05.32.12.050 — public extract prepared 20 Feb 2025 |
| Residency-eligible ($150k) | No / verify per unit |
Project scope: operating, marketed and future components
Large phased projects are often described as one finished object even when different towers, podiums or later schemes have different statuses. This table keeps those scopes separate.
| Component | Finding | Evidence | Scope note | Source |
|---|---|---|---|---|
| Dated cadastral record | The 20 February 2025 extract covers cadastral code 05.32.12.050, a 1,705 m² plot at Davit Mamuladze Street 27 and building N1. | Verified public record | The extract contains many unit-level entries. It is not a current whole-project or exact-unit title report. | source Public record |
| Project-linked company rights | LLC Next White, ID 445539855, and LLC White and Green Property, ID 445677063, appear on specified rights in the February 2025 extract. | Verified public record | The record does not establish one current seller, owner or manager for every apartment. | source Public record |
| Physical building snapshot | Korter currently lists one 19-floor building, 180 apartments, cadastral code 05.32.12.050 and delivery in 2024. | Current third-party listing | Useful as a present building snapshot, but not a substitute for official commissioning or an exact-unit record. | source Property portal |
| Current hotel operation | NEXT Hotels currently operates NEXT White as an aparthotel with reception, security and accommodation services. | Current official operating evidence | Operation confirms a functioning hospitality property; it does not prove identical management terms for all private units. | source Official source |
| Current official sales page | NEXT’s project page labels the building sold out but still displays apartments from $57,000 and an annual return up to 12%. | Current developer marketing | The internal inconsistency means the page should not be used as a current inventory feed or independent return estimate. | source Official source |
Foreign-buyer due diligence
This separates documented facts from developer marketing, third-party listings and buyer allegations. Only populated findings with an attributable source are shown.
| Check | Finding | Status | Why it matters | Source |
|---|---|---|---|---|
| Official property record Cadastral identity and registry address | A NAPR extract prepared on 20 February 2025 identifies cadastral code 05.32.12.050, Batumi, Davit Mamuladze Street 27, a 1,705 m² non-agricultural plot and building N1. | Verified | This establishes a dated project-property record. It is not a current extract for an apartment offered today. | source Public record |
| Entity relationship Project-connected companies | The February 2025 extract lists LLC Next White, ID 445539855, and LLC White and Green Property, ID 445677063, on specified rights in the cadastral record. | Verified | The brand name alone does not identify the seller or contracting party for an exact unit. | source Public record |
| Registry status February 2025 under-construction classification | The extract still described building N1 and many unit records as under construction on 20 February 2025. | Verified | Registry classification may lag physical operation, but it means operation should not be presented as proof of commissioning, title or buyer handover. | source Public record |
| Operating evidence Current hotel operation | NEXT Hotels currently markets and operates NEXT White with 24/7 reception, security and bookable accommodation categories. | Verified | This confirms present hospitality use, not the legal or contractual status of every privately owned apartment. | source Official source |
| Published delivery schedule Archived 2023 delivery promise | An archived official 2022 project page planned apartment delivery in 2023. | Developer claim | This records the developer’s published schedule. The exact contractual handover date and actual handover date were not verified. | source Archived official page |
| Current official marketing Sold-out and price/return inconsistency | The current official page labels NEXT White sold out while also showing apartments from $57,000 and an annual return up to 12%. | Developer claim | The page should not be treated as a reliable live price list or independent investment forecast. | source Official source |
| Current market activity Secondary sale and rent snapshot | Korter currently says developer units are sold, lists one building delivered in 2024 and shows secondary sales from $50,000 and rents from $450. | Third-party listing | These are volatile portal listings, not verified transaction prices or developer inventory. | source Property portal |
| Address consistency Different street naming in public listings | The NAPR extract and Korter header use Davit Mamuladze Street 27, while Korter’s descriptive text also refers to Shalva Inasaridze Street 27. | Third-party listing | The exact unit should be matched by cadastral code rather than street-name wording alone. | source Property portal |
Location
Construction updates
- 2022-08-10 An archived official NEXT White page planned apartment delivery in 2023. source Archived official page
- 2024-07 Korter’s construction-photo record was last updated in July 2024 and currently labels one building delivered in 2024. source Property portal
- 2025-02-20 A public-registry extract for cadastral code 05.32.12.050 recorded Davit Mamuladze Street 27, a 1,705 m² plot, building N1 and project-linked companies. The extract still described the building and many units as under construction; natural-person details are not reproduced. source Public record
- 2026-07-16 The current NEXT Hotels website operates NEXT White as an aparthotel with 24/7 reception and security. source Official source
Status notes are dated and sourced. They reflect what public listings and reports state at each date, not independently verified site inspections.
Developer track record
NEXT (Next Property) does not yet have a verified promised-versus-status comparison in our current evidence register. See full delivery record →
Investment math
No project-specific yield is published yet because verified rent, occupancy and operating-cost evidence is incomplete. Use your own assumptions rather than treating a sales forecast as research. Yield calculator →
Residency & costs
The advertised starting price is not available. Residence-permit eligibility depends on one qualifying property receiving an accredited appraisal exceeding $150,000 in GEL equivalent and on the applicant meeting the other legal conditions. The accredited appraisal and current law control, not the advertised price - full detail in our residency guide.
Pros
- Current hotel operation can be checked directly
- Public NAPR evidence identifies the project cadastral code and registry address
- Current secondary-market listings provide observable resale and rental activity
- The completed physical asset can be inspected rather than assessed only from renderings
Cons & risks
- No exact buyer handover or commissioning date was verified
- The February 2025 public extract still used under-construction classifications despite current operation
- The current official page is marked sold out while still displaying a starting price and an up-to-12% return claim
- Management fees, revenue split and owner-use restrictions were not established from the public sources reviewed
Risks & open questions
Do not use hotel operation as proof that the exact apartment has clean title, the same management terms or a completed handover record. The February 2025 NAPR extract identifies cadastral code 05.32.12.050, Davit Mamuladze Street 27, building N1 and project-connected companies, but it contains many unit-level entries and still uses under-construction wording. That wording may lag physical use. The current official sales page also contains a material inconsistency: it labels NEXT White sold out while displaying apartments from $57,000 and an annual return up to 12%. Treat those numbers as developer marketing, not current availability or an independent forecast.
FAQ
Was NEXT White delivered on time?
A clean promised-versus-actual comparison is not possible from the public evidence reviewed. Archived official material planned delivery in 2023. The February 2025 NAPR extract still used under-construction classifications, while the hotel now operates and Korter labels the building delivered in 2024. The exact commissioning and buyer-handover dates were not verified.
What is the cadastral code and official address for NEXT White?
A NAPR extract prepared on 20 February 2025 identifies cadastral code 05.32.12.050 and the address Batumi, Davit Mamuladze Street 27. Some third-party descriptive copy uses Shalva Inasaridze Street, so buyers should match the exact apartment to its own current extract.
Which companies appear in the NEXT White public record?
The February 2025 extract identifies LLC Next White, ID 445539855, and LLC White and Green Property, ID 445677063, on specified project rights. That does not prove either company is the current seller for every unit.
Is NEXT White sold out?
The current official NEXT White page labels the project sold out, while the same page still shows apartments from $57,000 and an annual return up to 12%. Korter says developer units are sold and displays secondary-market listings. Confirm whether an offer is from the developer, an owner or an intermediary.
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.
Sources
- Archived official NEXT White delivery schedule (2022 capture) Archived official page
- NAPR public-registry extract — cadastral code 05.32.12.050 (20 Feb 2025) Public record
- Current official NEXT White project page Official source
- NEXT Hotels — NEXT White operating aparthotel Official source
- Korter — delivery, building and secondary-market snapshot (reviewed 16 Jul 2026) Property portal
UPDATED 2026-07-16