Ateni 16 is an exciting new project located in Tbilisi’s most exclusive suburb of Vake. This is where affluent locals and expats prefer to live if they can afford some of the highest rental prices in the city. Vake’s main attraction is the fact that the area contains the largest green area in the city – Vake Park – together with the majority of Tbilisi’s largest embassies and NGO’s, including the United Nations. Chavchavadze Avenue is the main shopping street in Vake – just three minutes’ walk from the project. Here you will find some of the most upscale shops in the city plus many of the city’s best restaurants and cafes. The 24/7 large supermarket, Goodwill, is less than five minutes’ walk from Ateni 16 as our two of the best universities in the city.
Ateni 16 is an impressive 21-storey tower development which is scheduled for completion in April 2020. In addition to the many facilities within easy walking distance of the project, such as fitness centres, the facilities on-site include CCTV cameras throughout together with a small garden area containing a children’s playground. The lavish hotel-style reception area will be manned by a receptionist during working hours and a security guard for the rest of the time. Parking places are available at a price of $15,000 to $17,000 depending on the level.
With Ateni 16 now so close to completion, one-bedroom apartments on the project are now very limited, with just four larger units ranging in size from 52.3 to 64.5m2 remaining at the time of writing. Those looking for a two-bedroom apartment currently have six apartments to choose from, ranging in size from 90.1m2 and 100m2. The two-bedroom apartments here all come with two-bathrooms. This is a rarity in Georgia and will significantly increase the rental returns for two-bedroom apartments here. Anyone interested in a three-bedroom apartment still have many options available ranging from 111.6m2 going up to 169.2m2. Finally, anyone looking for a truly magnificent four-bedroom apartment have two apartments to choose from – either 208.3m2 or 226.3m2.
By Vake standards, prices at Ateni 16 are surprisingly affordable, ranging from just $1150 per m2 to $1250 per m2, depending upon the size of the apartments (larger-sized apartments have lower prices per m2 than the smaller apartments). Prices do not depend upon floor, so buyers who can act quickly can buy on higher floors, with stunning mountain views for the same price as apartments on the lower floors. All apartments at Ateni 16 are supplied on a ‘white frame’ basis, which means that buyers will need to add a minimum of $150 per m2 to make the finishing.
With the project ready for white frame finishing already, there is no payment plan here. Buyers need to pay 100% on contract. Ateni 16 is also a suitable project for anyone looking to buy in order to obtain Residence in Georgia as the Cadastrial Codes are already in place for all apartments in the building. So anyone paying 100% on contract will be able to immediately apply for Residence, and will also receive a modest discount from the standard prices.
Anyone interested in a one or two-bedroom apartment on this project needs to act quickly to secure one of the last remaining units.
- 24/7 Reception
- 24/7 Security
- Children's Playground
- Mountain Views