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New Boulevard, Batumi Off-Plan: Olympus Residence vs OXY Residence

Olympus Residence starts from 62,000 USD with 30% down and 24 months interest-free, already 995 of 1,167 units sold, handover 2026. OXY Residence sits above an Occidental hotel, 0% down, handover June 2028.

6 November 2026 · By Orven Properties · 4 min read

Pictured: Olympus Residence, New Boulevard, Batumi

New Boulevard in Batumi holds two off-plan projects with very different structures: Olympus Residence, already 995 of its 1,167 apartments sold according to the developer, starts from 62,000 USD with 30% down and 24 months interest-free, handing over in 2026; OXY Residence, built above an Occidental hotel, asks 0% down with internal instalments up to 32 months, handing over June 2028.

Olympus Residence: a large release, mostly sold

Olympus Residence holds studios of 34.7 to 40.7 sqm and one-bedroom units of 45.9 to 69.1 sqm across blocks A and B, totalling 1,167 apartments, of which the developer reports 995 already sold. Amenities include an infinity-edge pool, a separate outdoor pool, a spa, a restaurant, a café, a coworking space, a conference room and a children's play area. Pricing starts from 62,000 USD, with a 30% down payment and interest-free instalments over 24 months, for a 2026 handover, the nearest-term of the two.

OXY Residence: living above a branded hotel

OXY Residence places apartments of 30 to 87 sqm above a hotel operating under the Occidental brand (Barceló), with hotel services shared between the two. The developer reports roughly 62% of units already sold. Price is on request, with a payment structure of 0% down and internal instalments extending up to 32 months, for a June 2028 handover.

Comparing the two releases

	Olympus Residence	OXY Residence
Starting price	62,000 USD	On request
Down payment	30%	0%
Instalment term	24 months	32 months
Handover	2026	June 2028
Units sold (developer-reported)	995 of 1,167	About 62%

Why a 0% down payment changes the calculation

OXY Residence's 0% down payment lowers the upfront cash needed to reserve, spreading the entire price across internal instalments instead. Olympus Residence's 30% down payment is higher upfront, but its shorter 24-month term and nearer 2026 handover mean the full balance clears sooner overall. Which structure suits you depends on whether upfront cash or total time-to-full-payment matters more.

What living above a hotel actually means

At OXY Residence, sharing a building with an Occidental-branded hotel typically means access to hotel-style services, dining and possibly housekeeping, though the exact scope of what's shared with residents versus hotel guests isn't detailed beyond the general description. This is worth clarifying with your adviser before assuming full hotel-service access comes standard.

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Why limited remaining inventory matters at both

With 995 of 1,167 units already reported sold at Olympus Residence, and roughly 62% at OXY Residence, both projects have meaningfully reduced remaining choice. Your adviser's first step for either is confirming which specific layouts and floors are still available rather than assuming the full unit mix remains open.

What New Boulevard offers as a setting

New Boulevard is one of the more recently developed stretches of Batumi's coastline, distinct from the historic character of Old Batumi or the resort feel of Gonio further south. Both Olympus Residence and OXY Residence sit within this newer district, which tends to attract buyers looking for contemporary towers over older, more established neighbourhoods.

Financing either project

No Georgian bank rate, loan-to-value figure or named lender is confirmed for either Olympus Residence or OXY Residence. Both rely on their own developer-published instalment structures as the confirmed financing route.

What to ask before reserving at either

For Olympus Residence, the priority question is which specific layouts are still available, since the developer announces 995 of its 1,167 apartments as sold. For OXY Residence, it's worth confirming exactly which hotel services are shared with residents versus reserved for hotel guests, since the official description doesn't spell out that boundary in detail.

Registration once you've chosen a project

Property registration in Georgia goes through the National Agency of Public Registry (NAPR), with fees of 150 GEL for four working days, 270 GEL for one working day, or 350 GEL for same-day filing.

Where to read more

Our New Boulevard district guide covers the wider neighbourhood, and our Olympus Residence price and payment plan guide goes deeper into that specific structure.

Next step

Tell your adviser whether a lower upfront payment or a nearer handover date matters more to your plan, along with your budget, on WhatsApp at +971 52 776 1939 or at sales@orvenproperties.com. Start your search at /find-your-home/.

FAQ

Which New Boulevard project hands over sooner? Olympus Residence, targeted for 2026, versus OXY Residence's June 2028.

Does OXY Residence require a down payment? No, it's confirmed at 0% down, with internal instalments extending up to 32 months.

How many units remain available at Olympus Residence? The developer reports 995 of 1,167 sold, so remaining availability should be confirmed directly with your adviser.

Is OXY Residence's price published? No, price is on request; only the payment structure is confirmed.

What hotel brand operates above OXY Residence? Occidental, under the Barceló group.