EMAAR Georgia

The Georgian joint venture: land, investment and development

The Georgian state’s 33.3% interest, Eagle Hills’ 66.7% interest and the announced roles of landowner, investor and developer.

The joint venture

The projects are developed by a Georgian joint venture: Eagle Hills holds 66.7% and the Georgian state 33.3%. Eagle Hills is an Abu Dhabi-based global developer with a multibillion-dollar portfolio spanning 18 countries, from landmark waterfront districts to luxury residences and hotels.

Land, finance and development

The state contributes land, while the investor finances and manages the development. The announced investment covers both locations together. The company, programme and property contract serve different purposes; check the terms attached to the residence you choose.

Communities built in phases

The masterplans envisage complete, self-contained neighbourhoods delivered in phases. Each phase is planned to open with the infrastructure for everyday living: local services, convenient access, green spaces and places to relax. Gas connections are planned from the start of occupancy for comfortable year-round living. The aim is a functioning neighbourhood while later phases continue to develop. The overall programme spans roughly a decade; each release's documents set out its handover dates, infrastructure and specifications.

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