Like House

What Like House does

Like House is a Batumi, Georgia-based real estate development company that builds and sells residential and commercial properties in the Adjara coastal region. Founded in the early 2000s, the company has completed 15 projects totaling approximately 248,000 square meters, serving what the company describes as a base of roughly 248,000 customers — a figure that reflects aggregate buyer relationships across the portfolio rather than current annual customers. Its current pipeline is dominated by two concurrent developments scheduled for H1 2025 delivery: Blue Sky Tower, a ~300-meter landmark on the Alley of Heroes, and Prime Residence.

The company's go-to-market centers on off-plan sales to two principal segments: domestic and international residential buyers, and property investors seeking rental yield or capital appreciation in Batumi's tourism corridor. Like House distributes inventory through an international channel partner network spanning at least nine countries (India, USA, South Africa, several European markets, Azerbaijan, Ukraine, Russia, Israel, and Kazakhstan), supplemented by direct sales. The business model relies on selling units during construction (with completion-revenue recognition at handover), offering two structured installment payment plans to broaden buyer affordability and reduce cash-at-signing friction.

Revenue mechanics are tied to project delivery milestones; the company is privately held by four co-founders and does not disclose financials. Recent operating signals — pipeline scale-up into a 300-meter tower, multi-country partner expansion, installment product introduction, and active hiring of sales and customer-relations leadership — point toward an inflection in throughput rather than stable run-rate, though the absolute revenue base remains undisclosed.

Name

Like House

Legal name

Like House

Website

https://likehouse.ge

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Like House is a Batumi, Georgia-based real estate developer of residential and commercial properties, serving domestic and international buyers and property investors across 9+ countries via a channel partner network, with two major developments (Blue Sky Tower and Prime Residence) scheduled for H1 2025 delivery.

Ownership category

akta.pro rank

Headquarters

HQ city

Bat'umi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales: Primary revenue from selling residential and commercial properties developed by the company. Properties include apartments in Blue Sky Tower, Prime Residence, and previously completed projects like Satus House, Luxor, Park House, and others.
2. Flexible Payment Plans: Revenue is also generated through installment payment plans, including Option 1 (up to 20 months installments after securing property) and Option 2 (40% down payment, postponed payments until June 2025, followed by 15-month installment plan).
3. Property Management: Services for managing residential properties including maintenance, preservation of infrastructure and interiors, providing long-term value to clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Like House develops, constructs, and sells residential real estate properties in Batumi, Georgia, including flagship projects Blue Sky Tower and Prime Residence. The company also provides construction, design and architecture, property management, and site exploration and assessment services, alongside flexible installment payment plans for buyers.

Product overview

Like House is a real estate development company offering residential construction projects and property services. The portfolio consists of ongoing premium projects (Blue Sky Tower and Prime Residence) alongside 10 completed residential buildings (Mix House through Satus House, spanning 2008-2021). Services include construction management, architectural design, property management, and site exploration/assessment. The company also offers flexible payment plans including installment options and rental income offset programs for property purchases.

Differentiator

Problem solved

Functional benefit

Products and services

• Blue Sky Tower Flagship residential skyscraper project on Batumi's Alley of Heroes reaching nearly 300 meters, currently under construction with completion targeted for the first half of 2025. Targeted at property investors and end-user buyers.
• Prime Residence Premium residential building project in Batumi, Georgia, currently under construction with completion scheduled for the first 6 months of 2025. Offers flexible payment plans including rental income offset options for investors.
• Construction Services Full-service construction management covering residential homes and commercial spaces, from groundbreaking to final inspection, adhering to safety and durability standards.
• Design and Architecture Services Client-focused architectural design services emphasizing aesthetics, functionality, and environmental sustainability, with architects and designers collaborating with clients on space planning.
• Property Management Services Property operation and maintenance services for residential properties, accounting for Batumi's unique climate and building purpose, including infrastructure and interior preservation.
• Exploration and Assessment Services Site evaluation services including thorough analyses of location suitability, safety, accessibility, and sustainability to inform project foundations.

Quantifiable outcome

• 248K+ happy customers served
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Real Estate Agencies and Private Brokers (International)coreChannel Partner/ Reseller/ DistributorLike House partners with real estate agencies and private brokers through agency agreements. A dedicated personal manager is assigned to each partner to provide detailed information, marketing materials, and guidance on projects including support with purchase and sale agreements. The company offers competitive incentives, unique referral system, and ongoing support throughout the process. Currently cooperating with agents from India, USA, South Africa, Europe, Azerbaijan, Ukraine, Russia, Israel, and Kazakhstan.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Crocus International: Georgian residential developer with a portfolio of mid- and high-rise apartment projects. Comparable in product format and CIS-region buyer targeting.
• Orbi Group: One of the largest residential developers in Batumi, focused on high-rise apartment towers targeting CIS and international investors. Closely comparable to Like House in product format, buyer demographic, and Batumi market focus.
• Adjara Development International (ADI): Major Georgian real estate developer active in Batumi and across Adjara region, with a portfolio of residential and mixed-use developments. Comparable product offering, geographic focus, and cross-border buyer mix.
• Silk Road Group: Diversified Georgian real estate and investment group active in hospitality, residential, and commercial development. Comparable as a domestic developer operating in Batumi and broader Georgian real estate market.
• Hualing Group: Chinese-backed developer with large-scale residential and mixed-use projects in Georgia, including in Batumi area. Comparable in residential for-sale product targeting international investors.
• Golconda Group: Tbilisi-based residential developer with growing presence in Batumi. Comparable in product mix (apartments for sale) and target buyer segments.

Broad incumbents

• Emaar Properties: Global large-scale residential and mixed-use developer. Comparable as a mass-market residential tower developer operating internationally, though at far larger scale and broader geography than Like House.
• DAMAC Properties: International residential developer focused on branded luxury towers with flexible payment plans. Comparable in branded-tower positioning and installment-plan monetization strategy, though operating at global scale.

Others

• Colliers Georgia: Real estate advisory and brokerage firm operating in Georgian market. Comparable as a real estate services player in the same market, but operating in services rather than development.
• JLL Georgia: International real estate services firm with Georgian operations. Comparable as a real estate market participant but as a services/advisory player rather than a developer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@LikeHouseDevelopment
• Facebookfacebook.com/share/1AsUCKEvY3/?mibextid=wwXIfr
• LinkedInlinkedin.com/company/like-house
• Instagraminstagram.com/likehouse.ge?igsh=MW9tc3U0OWVmc2Rjag==

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Like House