Tbilisi Heights and Uptown Tbilisi - by Rakeen Development

Rakeen is the prime property developer in Ras Al Khaimah, UAE founded by His Highness Sheikh Saud Bin Saqr Al Qassimi, Crown Prince and Deputy Ruler of Ras Al Khaimah.

Rakeen Development started operation in Georgia since September 2006. It already has several mighty projects country wide, such as Vardzia Plaza – 5 star hotel and residential complex in Vardzia, Batumi Sails – residential complex in Batumi, Paradise Beach in Gonio, Tbilisi Heights and Uptown Tbilisi.

 

 

In view of expanding its portfolio, Rakeen has recognized a number of real estate investments which hold the potential to generate superior returns. One such project is the the Tbilisi Mixed use project which is expected to earn good returns when considering the significant growth that the Georgian economy has witnessed in the past few years.

 

 

Tbilisi Heights” and “Uptown Tbilisi” projects are mixed-use premier developments that Rakeen is undertaking in the city of Tbilisi, the Capital of Georgia.

 

Tbilisi Heights is a unique mixed use and integrated development aimed at bringing a new level of executive lifestyle to Georgia and making Georgia an international tourist destination. The project involves the creation of a self sufficient, gated and integrated community providing complete commercial, residential, communal and entertainment facilities. The project is located on the northern mountains overlooking Tbilisi and 25 minutes from the old part of the city, taking the winding mountain road up to 1200 metres above sea level. The project extends over 180 hectares which currently consists primarily of open plain grazing ranges and a smaller percentage of pine forestry.

 

The project intends to include a wide variety of developments positioning the course as the core of the development and connecting all project components. Those developments are:

 

5 star deluxe hotel made up of 350 rooms, 2 presidential suites, 5 one bedroom executive suites, a 500 person conference facility, 1000 people flexible banquet hall and a 2000 people congress center. The hotel shall also include 4 tennis courts (2 covered, 2 uncovered), indoor swimming pool with retractable ceiling to be opened in the summer, SPA and health center, 3 restaurants, 1 night club, lounge and cigar bar. The hotel shall also include all essential parking facilities, staff accommodation, kitchen facilities and other affiliated facilities.

 

50 super deluxe villas. (2-3 floors, 800 sq m).

100 deluxe villas(2-3 floors, 500 sq m).

100 semi detached villas (2 floors, 300 sq m).

 

10-12 high rise condo buildings (G+10) with a provision of another 10 buildings to be developed in the future or for sale as land.

Traditional sports facilities including a horse riding club and falconry.

5000 sq m garden for medicinal herbs and organic fruit and vegetable production with a small center for alternative medicine and organic byproducts. 1000 children international school with boarding facilities for 500 children.

Utilities facility including water tanks and pumping stations, sewage treatment plant and lift station, irrigation tank and fire fighting pumping stations, electrical substations, telecommunication tower station and stationery.

Amenity center including facilities for fire station, police station, ambulance station, out patient polyclinic with emergency faculty.

 

 

“Uptown Tbilisi” defines for itself a destination of global lifestyle and culture and speaks an international language of live, work and leisure that celebrates the place and its views. It consists of a cosmopolitan residence environment rich with amenities and lifestyle venues, an international quality standard shopping mall, an outdoor public common areas such as the piazza, garden, terraces, walking path, jogging path and a state of the art executive office amenities, with the spectacular view of the Caucasus mountains, making Uptown Tbilisi a complete project.

 

 

 

 It will be spread over 72,836 sq m and will count more than 500 million USD investments. The construction process will be divided into 3 parts.  Phase one covers shopping mall –Tbilisi Mall and will be ended by December 2009. Phase two covers Uptown Office Towers and Rak Ceramics showroom. Ending date – December 2010. Phase 3 will complete the whole projects and it will cover the residential part. Ending date - December 2012.