Biography
Shota Gujabidze is a Doctor of Economics, real estate expert and researcher, and economic advisor. His professional activities encompass real estate market research and valuation, economic and investment analysis, real estate development and construction, project management, budgeting, and cost estimation.
One of the principal areas of his academic and research activity is real estate economics. Over the years, his research has covered the Tbilisi real estate market, real estate pricing processes, and property valuation methodologies. His research later expanded into the political economy of energy resources and natural gas economics, covering the natural gas market, European energy security, and the economic aspects of natural gas transportation from the Caspian region to Europe.
Shota Gujabidze is the Founder & CEO of REA — Real Estate Analytics, and COO of Royal Estate (Real Estate Agency).
Education
Faculty of Business and Management — Business Administration, specialization in Accounting and Taxation
Scientific Research & Publications
Projects
Mziuri Residence
Mziuri Residence is a residential and commercial real estate development in district Vake, Tbilisi.
From 2015 to 2023, Shota Gujabidze led the development of Mziuri Residence. His responsibilities encompassed overall project management, leadership of construction processes, development decision-making, coordination of works, as well as property positioning and sales management.
The project is located at 5 Nino Ramishvili II Lane in Vake, Tbilisi, near Chavchavadze Avenue and Mziuri Park. The ten-storey mixed-use complex comprises residential and commercial spaces in one of Tbilisi’s most prestigious central locations.
St. Shio Rock-Cut Church at Sarkineti
In 2008, Shota Gujabidze worked on the project of the St. Shio Rock-Cut Church at Sarkineti, located in the village of Elbakiantkari, Kareli Municipality, Shida Kartli, Georgia. He developed the project’s architectural-spatial and planning solutions, prepared the conceptual design, 3D modelling and visualizations, and produced the visual presentation of the final design concept.
The engineering and structural aspects of the project were developed by Dr. Irakli Gujabidze, a specialist in mining engineering. He also supervised a significant part of the rock excavation and related construction and engineering works.
The creation of the rock-cut church was initiated by and carried out with the blessing of Metropolitan Iob of Mroveli-Urbneli. Shota and Irakli Gujabidze contributed their design and engineering work on a voluntary and charitable basis. The church was created through the efforts of the Ruisi-Urbnisi Eparchy and the monastery, charitable contributions, and many years of work by the clergy serving on site, with a particularly significant contribution from Metropolitan Iob as the initiator of the project.
Expertise & Advisory
Founder & Chief Financial Expert — IGS Builders | 2014–2016
From 2014 to 2016, Shota Gujabidze served as Founder and Chief Financial Expert at IGS Builders. One of his primary areas of work was the financial and cost-estimation assessment of investment projects submitted for funding under agricultural development programs administered by the Ministry of Agriculture.
His work focused on assessing the financial feasibility of projects and the justification of proposed expenditures. The resulting expert conclusions provided a professional basis for determining eligible financing, adjusting project budgets, and supporting funding-related decisions.
The scope of expertise included:
- Financial assessment of project cost estimates;
- Review and validation of capital expenditure requirements;
- Assessment of the reasonableness of costs and financial assumptions presented in business plans;
- Review of technical conditions and project documentation;
- Identification of overestimated, underestimated, or insufficiently justified expenditures;
- Preparation of expert conclusions supporting financing and cost-adjustment decisions.
The scope of expertise included:
| Year | Project | Work Performed |
|---|---|---|
| 2024 | Project details not listed | Project Implementation & Expenditure Monitoring |
| 2023 | Project details not listed | Financial & Cost-Estimation Expertise |
| 2020 | Project details not listed | Project Assessment & Monitoring |
| 2018 | Project details not listed | Business Plan & Financial Feasibility Assessment |
| 2015 | Milk Processing Plant — Tsalka, Kvemo Kartli | Financial & Cost-Estimation Expertise |
| 2014 | Nut Processing Plant — Chkhorotsku | Financial & Cost-Estimation Expertise |
| 2014 | Wine Production Facility — Chokhatauri | Financial & Cost-Estimation Expertise |
| 2014 | Wine Production Facility — Keda, Adjara | Financial & Cost-Estimation Expertise |
| 2014 | Nut Processing Plant — Zugdidi | Project II | Financial & Cost-Estimation Expertise |
| 2014 | Nut Processing Plant — Zugdidi | Project I | Financial & Cost-Estimation Expertise |