Major Abu Dhabi Developer Announces Large-Scale Projects in Tbilisi and Gonio

Abu Dhabi-based Eagle Hills Properties LLC has announced its global expansion plans, with a $6 billion investment in Georgia, as part of a broader international initiative. Tbilisi, the country’s capital, and Gonio, one of the most prestigious resorts in Batumi, have been selected for large-scale real estate developments, Bloomberg reports.

Georgian Prime Minister Irakli Kobakhidze signed a Memorandum of Understanding (MoU) with the President of the UAE in Abu Dhabi, emphasizing that the new collaboration will play a crucial role in Georgia’s development by accelerating economic growth, creating new jobs, and attracting further foreign investment.

Eagle Hills' Expansion and Strategic Interest in Georgia

Eagle Hills is one of the largest real estate developers in the Middle East, with projects across the Gulf region, Europe, and Africa. The company is actively expanding its presence in Europe.

The firm's Chairman, Mohamed Alabbar, is also the founder of Emaar Properties PJSC, the developer behind Burj Khalifa, the world’s tallest tower in Dubai.

According to Imedi.ge , Eagle Hills is investing $5.7 billion in Georgia across two major projects:

"Krtsanisi Park" in Tbilisi – A residential, office, and commercial development covering 590 hectares, along with landscaped public spaces.
"Gonio Marina" in Batumi – A luxury resort project spanning 260 hectares, featuring branded residences, hotels, shopping malls, public parks, and a marina.

These transformative developments are expected to enhance both economic growth and Georgia’s tourism appeal. Mohamed Alabbar described Georgia as a country with “enormous potential”, stating that Eagle Hills' major investment would pave the way for further international investors, as has been the case in other countries.

Why Georgia? Investor Confidence in Economic Stability
Speaking to Agenda [leech=https://agenda.ge/en/news/2025/42553#gsc.tab=0], Mohamed Alabbar highlighted that Eagle Hills has operated in 15 countries over the past 35 years.

"However, when I first arrived in Tbilisi, I was captivated by its people, nature, architecture, and vibrant lifestyle," Alabbar said. "The cuisine is also fantastic. Then, I visited Batumi, where I was equally impressed by the energy and beauty of the city."

The business leader also praised Georgia’s economic stability and rapid development, reinforcing the country’s growing appeal for international investors.

Georgia’s Largest Foreign Investment Deal

Georgian Minister of Economy Levan Davitashvili [leech=https://agenda.ge/en/news/2025/42566#gsc.tab=0]stated that this investment deal solidifies Georgia’s status as a premier investment destination on the global stage.

"This is an unprecedented level of foreign direct investment in Georgia," Davitashvili emphasized. "It represents a significant financial inflow that will not only stimulate economic growth but also attract further international investments. Many global developers and successful firms will follow Eagle Hills' investment strategy."

He also noted that Georgia and the UAE are strengthening cooperation across multiple sectors, including political, economic, and tourism industries.

Davitashvili described the Eagle Hills deal as “the largest foreign investment agreement” since Georgia’s independence in the 1990s. The project is expected to boost Georgia’s GDP by approximately 1.5%.

Real Estate Boom: Georgia’s Growing Hospitality Industry
Eagle Hills’ investment aligns with Georgia’s aggressive expansion in hospitality. The government’s 2024-2028 program already includes the construction of 324 new hotels, adding 18,778 rooms and 37,101 guest accommodations.

According to PMCG, 17 major hotels are set to open in Georgia in 2025, including:
- Hilton Garden Inn Adjara and Hilton Tbilisi (200 rooms each)
- Hotel Sololaki Hills (188 rooms)
- Ambassador Batumi (182 rooms)
- Paragraph Golf & Spa Resort Tabori Hill (177 rooms)
- Additionally, Georgia’s first all-inclusive 5-star resort complex, Wyndham Grand Batumi Gonio, will launch its initial phase in 2025. The project includes 1,055 hotel rooms, designed as family residences, townhouse hotels, and luxury villas.

Notably, this resort is being developed in Gonio, the same area where Eagle Hills is launching its $5.7 billion project—further highlighting Gonio’s rising prominence among UAE investors.

Georgia’s Rapid Tourism Growth & Economic Impact

Georgia’s hospitality industry is expanding at an unprecedented rate. In 2012, Georgia had fewer than 800 hotels. By 2024, that number had tripled to nearly 2,400; Hotel capacity increased from 23,000 to 108,000 beds. The tourism industry is one of Georgia’s most critical economic sectors, and officials have committed to prioritizing its future development.

According to government estimates, private investments in Georgia’s hotel sector will reach 1 billion GEL ($355 million), while state investments will exceed 1 billion GEL by 2028.

The goal is to increase annual tourist arrivals to 11 million and boost tourism revenue to $6.5 billion.

Eagle Hills' $5.7 billion investment represents the largest-ever foreign direct investment (FDI) in Georgia’s history.

This deal reinforces the country’s position as a major player in the global investment landscape. It also further cements the UAE’s growing influence in Georgia’s real estate sector, with Gonio and Batumi emerging as prime destinations for Gulf-based investors.

With record-breaking tourism figures, ongoing luxury developments, and rising investor confidence, Georgia is on track to become one of Europe’s most dynamic real estate and hospitality markets.