Abu Dhabi-based developer Eagle Hills has teamed up with Georgia’s Ministry of Economy and Sustainable Development to launch two massive urban projects worth over $6.5 billion. The deal, signed during a key visit by UAE President Sheikh Mohamed bin Zayed Al Nahyan on September 19, 2025, focuses on Tbilisi Waterfront and Gonio Yachts and Marina, aiming to transform city living and boost the economy.
This partnership marks a big step in Georgia’s push for modern growth and stronger ties with the UAE. It comes at a time when Georgia is drawing global investors, with these projects set to create jobs, attract tourists, and drive billions in revenue.
The Historic Signing and Its Goals
The agreement happened in Tbilisi amid high-level talks between Georgian and UAE leaders. Eagle Hills, known for bold real estate ventures worldwide, signed the term sheet to invest heavily in Georgia’s future.
This move builds on earlier talks from January 2025, when initial plans for $5.5 billion investments were announced. Now scaled up to $6.5 billion, the projects blend luxury living with natural beauty. Leaders from both sides highlighted how this will strengthen economic bonds and promote sustainable development.
Georgia’s government sees this as a way to modernize urban areas while preserving the country’s Black Sea coast and mountain views. The timing aligns with Georgia’s efforts to join global trade networks, making it a hotspot for foreign cash.
Officials expect the developments to set new standards for quality and scale in the region. With construction starting soon, the focus is on creating vibrant communities that mix homes, businesses, and leisure spots.
Inside Tbilisi Waterfront: A City Revival
Tbilisi Waterfront aims to reshape the capital’s riverfront into a lively hub. Spanning key areas along the Mtkvari River, the project includes modern apartments, offices, and green spaces.
Plans call for high-end residential towers, shopping districts, and cultural centers. This will turn underused land into a bustling area that draws locals and visitors alike.
The development draws inspiration from successful waterfront projects in cities like Dubai and Belgrade. It promises to blend Tbilisi’s historic charm with cutting-edge design, offering views of the city’s old town and modern skyline.
Local experts predict it will ease housing shortages in the growing capital. With Georgia’s population rising, such projects address the need for affordable yet upscale living options.
- Key features include pedestrian-friendly walkways and eco-friendly buildings.
- It will feature public parks and event spaces for community gatherings.
- Integrated transport links will connect it to the city’s metro and roads.
Gonio Yachts and Marina: Coastal Luxury Awaits
On the Black Sea coast near Batumi, Gonio Yachts and Marina covers 260 hectares of prime land. This project targets yacht lovers and tourists with a world-class marina, luxury homes, and resorts.
It includes berths for superyachts, high-end hotels, and waterfront dining. The goal is to make Gonio a top spot for international boating and leisure.
Inspired by Mediterranean marinas, it will boost Georgia’s tourism sector, which already welcomes millions each year. Construction is slated to begin within a year, with phases rolling out over the next decade.
Environmental safeguards are built in, protecting the area’s beaches and wildlife. This ensures the project enhances rather than harms the natural setting.
The marina will also support local fishing communities by providing modern facilities. Overall, it positions Georgia as a rising player in global yachting.
Massive Economic Benefits for Georgia
These projects are more than just buildings; they promise a huge lift to Georgia’s economy. Experts forecast over $7 billion added to the GDP in the next ten years.
Job creation stands out, with more than 31,000 positions expected in construction, hospitality, and retail. This comes as Georgia’s unemployment rate hovers around 15 percent, making the impact timely.
Foreign investments could top $10 billion, fueled by interest in luxury real estate and tourism. Tax revenues will fund public services, from schools to roads.
| Economic Aspect | Projected Impact |
|---|---|
| GDP Contribution | Over $7 billion in 10 years |
| Job Creation | 31,000+ new positions |
| Tourist Influx | 370,000 additional visitors per year |
| Foreign Investment | Exceeding $10 billion |
| Sector Growth | Construction, retail, hospitality |
Ripple effects will touch related industries like logistics and tech. For instance, new marinas could spark growth in boat manufacturing and services.
Compared to past projects, like Eagle Hills’ work in Albania and Serbia, this scale is unmatched in the region. It builds on Georgia’s recent economic gains, including a 5 percent GDP growth in 2024.
Challenges and Community Views
Not everyone is fully on board yet. Some locals worry about rising property prices and traffic in Tbilisi and Gonio.
Environmental groups call for strict oversight to protect ecosystems. The government has pledged transparent processes and community input.
On social media, excitement mixes with caution. Many see it as a chance for progress, while others push for inclusive benefits.
Past urban projects in Georgia have faced delays, but Eagle Hills’ track record suggests smoother sailing. Regular updates from officials aim to keep the public informed.
Looking Ahead: A New Era for Georgia
As these projects unfold, Georgia stands to gain a spot on the global map for innovation and luxury. With construction ramps up in 2026, the next few years will be pivotal.
This deal echoes similar UAE investments in Eastern Europe, signaling a trend of cross-border growth. It could inspire more partnerships in the Caucasus region.
Experts believe success here might lead to more developments, like expanded tech hubs or eco-resorts. For now, the focus is on delivering quality that matches the hype.
What do you think about these massive projects? Share your thoughts in the comments and spread the word to friends who follow global real estate trends.
