Description of object:
OXY Residence is a new and truly special project by ELT Group, developed in close collaboration with the group's exclusive partner, Barceló Hotels. The project was designed to bring a new level of comfort, service, and international hotel-style living to Batumi, adding additional value to the entire ELT Quarter.
This premium one-bedroom apartment is located on a high floor and offers beautiful views of the sea and inner courtyard, as well as a bright, comfortable atmosphere. It is offered fully furnished and is therefore an excellent choice for both personal use and investment purposes. Construction began earlier this spring, with an expected completion date in December 2028. Buying at this stage provides investors with the opportunity to enter the project at a lower price point before it is completed, with strong potential for future appreciation.
Fixture and fittings:
The 1-bedroom apartment is designed in a modern hotel-style concept, combining comfort, functionality, and an attractive presentation for future owners and guests. The apartment is handed over fully furnished and features a practical layout with a comfortable sleeping and living area, a kitchenette, a bathroom, storage solutions, and large windows that bring plenty of natural light into the apartment.
The interior concept is ideally suited for easy personal use, vacation stays, and rental purposes. Thanks to its compact and efficient layout, the apartment is low-maintenance and very well suited for the demand for long-term and short-term rentals.
Location:
OXY Residence is located in Batumi, Georgia, in the developing ELT Quarter, an area with strong growth potential and increasing demand from both residents and visitors. The project benefits from convenient access to the sea, the New Boulevard, Batumi International Airport, shopping facilities, restaurants, cafes, and daily infrastructure.
A key advantage of OXY Residence is the hotel-style concept. The first four floors of the project will be dedicated to the 4-star Occidental Hotel, a subsidiary of Barceló Hotels, offering a full range of services and infrastructure according to international hospitality standards. The remaining floors will include residential apartments, which will also be managed and operated by the Occidental Hotel. This concept allows owners and residents to enjoy the comfort, service, and atmosphere of hotel living in their own private apartments.
Miscellaneous:
OXY Residence is especially attractive to investors because it combines a strong developer, an international hotel partner, professional management, and a developing location in Batumi. The project is currently in an early construction phase, which can offer a more attractive entry price compared to completed properties or projects in later stages of development. Expected rental yields for long-term rentals can be approximately 7%-10%, and around 10%-14%+ for short-term rentals, depending on seasonality, occupancy rates, management quality, and market conditions. With an anticipated completion date of December 2028, the apartment also offers potential for value appreciation during the construction phase.
Batumi continues to attract international buyers thanks to its growing tourism sector, affordable property prices compared to many European coastal destinations, a straightforward buying process for foreign investors, and low property ownership costs. The New Boulevard and surrounding development areas of the city are becoming increasingly popular for investments, lifestyle, and rental income.
We also have various studios, one-bedroom, and two-bedroom apartments available in OXY Residence, with different views, sizes, amenities, and price levels. Selected apartments can also be purchased unfurnished at a lower price, providing buyers with greater flexibility depending on their budget, investment strategy, and personal preferences. Please share your requirements with us, and we will help you select the most suitable unit according to your goals and budget.
Prices and availability are subject to change without prior notice and depend on the developer’s decisions as well as current availability. As a fully established real estate agency based in Batumi, we offer our clients the advantage of local expertise and personalized support. Our experienced team is available year-round to organize private viewings, provide market insights, and guide buyers through every stage of the purchasing process.
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