HOLM Developments is expanding internationally with the launch of its first residential development at Ambassadori Island in Batumi, Georgia.
The project marks HOLM’s first development outside the UAE and follows its continued growth in Dubai, where HOLM has delivered several residential projects in Jumeirah Garden City. It reflects the company’s long-term vision to grow in markets with strong fundamentals and long-term potential.
As part of this expansion, HOLM has also secured ten additional development plots within Ambassadori Island, supporting the company’s plans for continued growth in Georgia over the coming years.
Ambassadori Island is a landmark waterfront destination on the Black Sea that will bring together residential, hospitality, retail, entertainment, marina and public spaces. HOLM’s development will form part of this master-planned community, which is expected to become one of Batumi’s most recognised destinations.
Sergey Avayan, Founder and CEO of HOLM Developments, said:
“We didn’t choose Batumi because it was the next opportunity. We chose it because we believe in where the city is heading. At HOLM, we’ve always looked for places with strong foundations and long-term potential.
As we begin this new chapter, our approach remains the same: understand what makes a place unique, build with purpose, and think beyond the next project. Dubai will always be home, and we’re excited to now become part of Batumi’s story.”
Georgia has become an increasingly attractive destination for international investors, supported by a growing economy, investor-friendly policies and a strong tourism sector. Batumi, in particular, has seen strong demand for waterfront developments and continues to attract investment from across the region.
Further details of HOLM’s Georgian debut development will be announced in the coming months.
