On August 27, 2026, Ambassadori Island Batumi and HOLM Developments entered into an international investment and development agreement. The document was signed by Gocha Kamkia, CEO of Ambassadori Island Batumi, and Sergey Avayan, CEO of HOLM Developments. The project involves an investment exceeding $250 million and spans a total area of ​​140,000 m². The following day, August 28, One Peninsula was officially unveiled to the business community and international press in Batumi.
This marks HOLM Developments' first major expansion into the international market. The company is among Dubai’s fastest-growing developers; it finances construction using its own capital, with land and construction guarantees exceeding AED 1.1 billion. The company’s previous projects in Dubai sold out in record time: HOLM One in 10 days, and LINEA by HOLM on the very day sales launched. According to Sergey Avayan, the company is bringing its expertise and development standards to Batumi, having selected a prime waterfront location for the project.
About the Project
One Peninsula is a 64-story residential tower situated on the waterfront of Ambassadori Island. All apartments are delivered fully furnished, featuring premium finishes and terraces. The upper floors offer views of the Black Sea, the island’s marina, Batumi, and the Mtirala mountain range.
Launch prices are as follows:
studios (from 39 m²) — starting at $129,000;
one-bedroom apartments (from 60 m²) — starting at $186,000; Two-bedroom apartments starting from 102 m² — priced from $298,000.
The developer offers a 4-year installment plan: 10% upon reservation, 10% after three months, 50% during the construction period (approximately 3% quarterly), and 30% upon completion. Construction is scheduled for completion in the second quarter of 2030.
Amenities include a sea-view swimming pool, lap lanes, a padel court, a cinema, a game room, a children's playground, lounges for work and business meetings, a BBQ area, and various cafes and restaurants. The complex is located 5 minutes from the central railway station, 10 minutes from the Old Town, and 25 minutes from Batumi International Airport.
Ambassadori Island — Coastal Development Project
One Peninsula is part of the Ambassadori Island master plan. This is the first artificial island on the Black Sea, covering an area of ​​84 hectares. The master plan was developed in collaboration with SHoP Architects, Yüksel Proje, and the engineering firm ARUP. Nearly half of the territory (49%) is dedicated to parks, green spaces, and recreational areas. Planned features include beaches, a seaside boulevard, a marina and yacht club, five-star hotels, retail and cultural centers, schools, and wellness facilities. The island incorporates "smart city" concepts, such as digital services, intelligent management systems, and eco-friendly transport. Total investment in the project is estimated at over $5 billion.
What this means for the market
The arrival of a developer from Dubai signals growing international capital interest in Georgia's coastal real estate. For buyers, this is an opportunity to enter a project at an early stage, securing introductory prices and a long-term installment plan.
Ambassador Realty Group facilitates transactions for business- and premium-class new developments in Georgia, offering services such as property selection, developer vetting, legal support, title registration, and remote purchasing via power of attorney.
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