Trussardi Residences is the first branded residential phase within Mira Verde — a mixed-use premium cluster in Tbilisi Hills, Georgia. Developed by UAE-based Mira Developments, the project delivers studios, one- and two-bedroom apartments, duplexes, and penthouses from 37 square metres, fully furnished under the Trussardi Casa brand. Launch pricing starts from AED 643,000, with handover scheduled for Q4 2028. Oplus International Realty outlines the verified facts, the developer’s stated claims, and the due diligence questions every investor should answer before purchasing.
What Mira Verde Is and Where It Sits
Mira Verde is positioned as a self-sufficient residential cluster in Tbilisi Hills — a development zone outside the city’s historic centre that has drawn investment from several regional developers in recent years. The cluster is designed around a shared infrastructure model: residents access an 18-hole golf course, wellness centre, gym, sports courts, restaurants, a kindergarten, and a jogging track without leaving the estate.
Tbilisi city centre is approximately 10 minutes from the site by car according to the developer. The international airport is approximately 20 minutes. These travel times are developer-stated and should be verified against traffic conditions during peak hours before committing to a purchase primarily for short-term rental.
Trussardi Residences is the first residential phase of Mira Verde. The surrounding cluster remains under construction and will not be complete at the time of the Q4 2028 handover. Buyers should factor the construction timeline of surrounding amenities into their assessment of the property’s short-term rental appeal.
Unit Types and Specifications
The project offers four unit categories: studios, one- and two-bedroom apartments, duplexes, and penthouses. Sizes begin at 37 square metres (approximately 398 square feet). Every unit is delivered fully furnished with Trussardi Casa furniture, built-in appliances, and kitchenware included in the purchase price. No additional fit-out or furnishing outlay is required at handover.
This is the first appearance of the Trussardi brand in Georgia’s residential market. For buyers prioritising a rent-ready asset with no post-handover capital expenditure, the fully furnished delivery model removes one layer of post-purchase cost uncertainty.
Floor plans and unit-specific configurations are available via the developer’s official sales material. Buyers should request these directly and confirm the exact square footage of the specific unit under consideration — not only the starting range.
Payment Plan: 60/40 Structure
The payment plan is structured as follows, per the developer’s published terms:
- 10% on booking
- 50% during construction
- 40% on handover
A 60/40 payment plan with 40% deferred to handover is a buyer-favourable structure for off-plan purchases. It limits capital exposure during the construction phase and concentrates the largest payment at the point when the physical asset can be inspected. Buyers using financing should confirm mortgage availability for Georgian property through their bank before booking, as UAE mortgage products typically do not extend to overseas off-plan assets.
The 8% ROI Guarantee: What It Covers and What It Does Not
Mira Developments has stated a guaranteed rental income of 8% per annum for the first three years following handover, regardless of actual occupancy. The developer also projects short-term rental yields of 12–15% annually after the guaranteed period ends.
Oplus cannot independently verify the legal structure underpinning this guarantee or confirm its enforceability under Georgian property law. Guaranteed ROI schemes in emerging markets vary significantly in their legal construction — some are backed by escrow, others by developer revenue, and some are contingent on the buyer entering a specific lease-back arrangement that carries its own conditions.
Before relying on the 8% figure in any investment calculation, buyers should: obtain the guarantee agreement in writing, have it reviewed by an independent legal adviser with Georgian property law experience, and confirm whether the guarantee is conditional on the buyer participating in the developer’s rental management programme.
The post-guarantee projection of 12–15% is a developer estimate. Tbilisi’s short-term rental market has grown in recent years, but rental yields at this level are not guaranteed and depend on platform occupancy rates, management fees, and competition from new supply in the same cluster and surrounding area.
Mira Developments: Background and Track Record
Mira Developments is a UAE-based developer with confirmed brand partnerships with Trussardi and Gianfranco Ferré. The company operates across Abu Dhabi, Sharjah, Ras Al Khaimah, and Dubai in addition to its Georgia portfolio.
Human editor note before publish: The developer’s founding year and completed project count should be confirmed directly with Mira Developments before this section is finalised — the source materials reviewed contained an inconsistency on these details.
For any off-plan purchase, particularly in a market outside the UAE’s regulatory framework, buyers should request the developer’s completed project portfolio with handover dates and contact details for previous buyers before committing funds.
Georgia as an Investment Location: Honest Context
Georgia has recorded strong GDP growth over recent years, confirmed by IMF and World Bank reporting. Tbilisi has attracted regional and international investment, and its residential market has expanded. Property in Tbilisi Hills is priced significantly below comparable branded residential developments in Western European cities — entry pricing in the $1,400 to $2,000 per square metre range has been referenced for premium projects in this corridor.
That pricing gap reflects both the opportunity and the risk. Georgia is not a UAE-regulated market. There is no equivalent of RERA or DLD buyer protection. Off-plan buyer protections, escrow requirements, and developer accountability mechanisms differ substantially from what UAE-based investors are accustomed to.
Foreign nationals can purchase freehold property in Georgia with no restrictions. Georgian residence can be obtained through property ownership, though the specific thresholds and conditions should be verified with a Georgian immigration adviser — they are not the same as UAE Golden Visa rules.
Who This Project Suits — and Who Should Look Elsewhere
The project suits buyers who: have existing exposure to UAE off-plan markets and understand the risks of off-plan delivery timelines, are comfortable with an emerging market legal framework and have access to independent Georgian legal advice, are targeting a fully managed rental asset with no post-handover involvement, and are prepared to hold through the Q4 2028 handover and a subsequent stabilisation period.
The project is less suitable for buyers who: require the buyer protections of a RERA or DLD-regulated transaction, need UAE mortgage financing (standard UAE mortgages do not cover overseas off-plan assets), or are projecting investment returns based on the 12–15% yield estimate without independent market validation.
The guaranteed 8% structure for three years is the project’s most marketable feature. It is also the feature that most requires independent legal verification before any funds are committed.
Oplus advises UAE-based investors on international property markets as part of a broader portfolio advisory service. For a direct conversation about how Georgia fits a UAE-anchored investment strategy, contact an Oplus agent. For context on Abu Dhabi and Dubai off-plan investments under UAE regulatory protection, visit the Oplus international property investment page.
FAQ
Trussardi Residences is the first residential phase of Mira Verde, a premium mixed-use cluster in Tbilisi Hills, Georgia. Developed by UAE-based Mira Developments in partnership with Italian fashion house Trussardi, it delivers studios, one- and two-bedroom apartments, duplexes, and penthouses from 37 square metres. Every unit is delivered fully furnished under the Trussardi Casa brand. Handover is scheduled for Q4 2028, with pricing starting from AED 643,000.
The 8% per annum rental guarantee for the first three years is a developer-stated commitment. Oplus has not independently verified the legal structure or enforceability of this guarantee under Georgian property law. Buyers should obtain the guarantee agreement in writing and have it reviewed by an independent lawyer with Georgian property experience before committing to a purchase on the basis of this figure.
Foreign nationals, including UAE residents and citizens of any nationality, can purchase freehold property in Georgia without restriction. No local partnership or special permit is required. However, the transaction is governed by Georgian property law — not UAE RERA or DLD regulations — and buyers should engage independent Georgian legal representation for the purchase process.
The published payment plan is structured as 10% on booking, 50% across the construction period, and 40% on handover — a 60/40 structure. The 40% deferred to handover limits construction-phase capital exposure. Buyers should confirm whether the payment schedule can be met through personal funds, as standard UAE mortgage products generally do not cover overseas off-plan purchases.
The Mira Verde cluster is designed with an 18-hole golf course, wellness centre, gym, sports courts, restaurants, a kindergarten, 24/7 security, and jogging tracks as part of the estate infrastructure. Buyers should confirm which amenities will be operational at the Q4 2028 residential handover date, as the surrounding cluster is expected to be delivered in phases.
The key difference is regulatory protection. Dubai off-plan purchases are governed by RERA regulations that include escrow requirements, developer registration, and defined buyer rights in the event of project delay or cancellation. Georgia does not have an equivalent regulatory framework. Risk management in Georgia relies on the quality of the purchase contract, independent legal advice, and the developer’s track record — not a government-administered protection scheme.
Georgia applies a flat 1% property transfer tax on the purchase price. Annual property tax rates are low by regional standards. Rental income is subject to Georgian personal income tax. Tax obligations for non-resident landlords differ from resident landlords and should be confirmed with a Georgian tax adviser, as the applicable rates and filing requirements depend on individual residency status and income structure.
About This Article This project profile was produced by the Oplus International Realty editorial team, a licensed UAE real estate brokerage headquartered in Al Nahyan, Abu Dhabi. Project details are sourced from Mira Developments’ official sales material and verified against publicly available developer information as of April 2026. ROI projections are developer-stated and have not been independently verified. Buyers are advised to conduct independent due diligence before committing to any off-plan purchase outside the UAE regulatory framework. Oplus advises buyers and investors across Abu Dhabi, Dubai, and international markets.
Sources
- Mira Developments official project information — miradevelopments.ae
- IMF Georgia Economic Outlook — imf.org
- World Bank Georgia Country Overview — worldbank.org
- Georgian National Agency of Public Registry — napr.gov.ge