Maqro Development Hopes to Popularize the “City Within a City” Concept With Its New Maqro City Tbilisi Project

TBILISI, Georgia, August 6th, 2026, FinanceWire

Maqro Development continues to attract increased attention in the Georgian real estate sector as construction progresses on Maqro City Tbilisi, a comprehensive 4,000-unit residential complex. Designed as a "City within a City," the project aims to popularize fully integrated urban living in the capital. Unlike traditional options for apartments under construction in Tbilisi that offer "white carcass" or unfinished units, the new apartments will be delivered fully equipped and move-in ready, addressing a growing demand for streamlined real estate acquisition.

The project’s development coincides with sustained momentum in the local real estate sector. According to a recent Galt & Taggart report https://galtandtaggart.com/en/reports/details/69c3a91d46cac30e9b28a504, the average rental return on a standard Tbilisi apartment reached approximately 8.6% at the close of 2025. This return rate notably outpaces several regional capitals, including Riga, Vilnius, and Tallinn, which reported yields below 4.5%, as well as Yerevan at 6.6%.

While primary market price growth in Tbilisi cooled to 4% in 2025—adjusting from 11.6% in 2024 and 20.2% in 2023—market turnover remained robust. Over 42,388 apartments were sold during the year, pushing total turnover to roughly $3.57 billion. Rental rates have remained stable near $9.8 per square meter, indicating that the cooling price growth reflects supply adjustments rather than fading market demand.

Maqro City Tbilisi is strategically designed to capitalize on these market conditions by eliminating post-construction renovation delays. By delivering apartments with finished interiors, built-in kitchen appliances, and equipped bathrooms, the developer ensures that units can be listed on the rental market immediately upon key collection.

"Our goal with Maqro City Tbilisi is to remove the traditional barriers associated with property development in the region," stated Nika Shinjikashvili, marketing department at Maqro Development. "By delivering completely finished units alongside a 0% internal installment plan, we are providing a highly efficient pathway for buyers to enter a market that continues to sustain strong regional yields."

The complex integrates substantial amenities to support long-term residential value. These are apartments near Metro Samgori, located just a five-minute walk from the station, which further bolsters potential demand among tenants. Coupled with Georgia’s 5% residential rental income tax rate, the turnkey model positions Maqro City Tbilisi as a highly optimized asset for regional market entrants.

About Maqro Development

Maqro Development is a leading real estate organization operating in Georgia. Focused on delivering high-quality residential and commercial spaces, the company specializes in large-scale projects that integrate modern amenities, strategic locations, and comprehensive urban planning.

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