Description of object:
This fully furnished studio apartment in OXY Residence is an excellent opportunity for buyers seeking a premium residential property in one of Batumi's new and distinctive developments. The apartment is located on a higher floor and offers a beautiful mountain view, a bright atmosphere, and a comfortable layout that is ideal for personal use, vacation stays, or as an investment for rental income.
OXY Residence is a project by ELT Group, developed in collaboration with Barceló Hotels. The concept combines private residential apartments with the comfort of hotel services, allowing owners and residents to enjoy service, convenience, and the lifestyle of an international hospitality environment. The first four floors of the complex will be dedicated to the 4-star Occidental Hotel, while the remaining floors will include residential apartments also managed and operated by the Occidental Hotel.
Fixture and fittings:
The studio is fully furnished and ready to use immediately. It offers a practical and comfortable living space. The layout is designed to make optimal use of the available space, combining sleeping area, relaxation zone, kitchen area, and bathroom within a well-organized interior.
Large windows bring plenty of natural light into the apartment and provide views of the mountains, creating a peaceful and pleasant atmosphere. The fully furnished condition makes the property especially practical for buyers seeking a move-in-ready apartment without additional furnishing effort. It is ideal for private stays, vacation use, or rental guests.
There is also the option to purchase an unfurnished apartment at a lower price. This offers buyers more flexibility to design and furnish the property according to their own taste, budget, or intended rental strategy.
Location:
OXY Residence is located in a prime area in Batumi with well-developed infrastructure and excellent accessibility. The project is situated near the beach, making it especially attractive for seaside living, vacations, and rental guests. Everything needed for comfortable daily living is nearby: restaurants, cafes, shopping facilities, supermarkets, pharmacies, fitness centers, entertainment options, casinos, banks, public transportation, and everyday services. The location also offers convenient access to the New Boulevard, the city center, and Batumi International Airport.
OXY Residence offers more than just an apartment - it represents a hotel-style living concept. According to the presentation, the project was developed to integrate the comfort and lifestyle of a hotel into residential spaces, with services and infrastructure meeting international hospitality standards. The project visuals depict a modern residential complex with elegant architecture, landscaped outdoor areas, a swimming pool, relaxation zones, a stylish reception area, and communal spaces in a restaurant style. These amenities create a comfortable resort atmosphere and provide significant value for both residents and investors.
Construction began earlier this spring, with completion expected by December 2028.
Miscellaneous:
Georgia is becoming increasingly attractive for international property buyers, thanks to a straightforward purchase process for foreigners, relatively affordable prices compared to many European coastal markets, low ongoing ownership costs, and a growing tourism sector. Batumi is among the top investment locations in Georgia, offering a unique combination of seaside lifestyle on the Black Sea, modern infrastructure, international visitor demand, and strong rental potential.
Now continues to be an excellent time to invest in this project and benefit from a lower entry price before construction progresses further and future price adjustments become possible. Purchasing at this stage can be especially appealing for investors who want to secure a unit in a premium hotel-style project at an earlier and more attractive price point, while also potentially benefiting from appreciation until completion. This studio is particularly interesting as an investment because it is fully furnished, located on a higher floor, offers mountain views, and is part of a hotel-style residential complex with professional services. Its prime location near the beach as well as proximity to restaurants, shopping options, transportation links, the promenade, and the airport further enhances its appeal for tenants and makes the property suitable for both short-term holiday rentals and long-term use.
Well-located properties in Batumi typically offer attractive rental yields; investors can expect roughly 7% to 10% annual returns with long-term rentals and potentially 10% to 14% or more with short-term rentals, depending on seasonality, occupancy rates, furniture quality, and professional management. Moreover, this project offers good potential for appreciation until completion and in the years following due to Batumi’s ongoing development, growing tourism market, and high demand for quality coastal real estate. We continue to have various options available within this project, including studios as well as one- and two-bedroom apartments with different sizes, views, and floors. Please share your preferences with us—we will assist you in choosing the most suitable option based on your needs, budget, and investment goals.
As an established real estate agency based in Batumi, we offer our clients the advantage of local expertise and personalized service. Our experienced team is available year-round to organize private viewings, provide market insights, and support buyers through every stage of the purchasing process.
Prices and availability are subject to change without prior notice and depend on current stock levels and the developer’s sales policies.
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