OXY Residence Batumi for an Israeli Buyer: 0% Down Payment

OXY Residence is one of two New Boulevard projects in Orven's Batumi collection, alongside Olympus Residence. Developed by ELT Group, the building sits above a hotel operating under the Occidental name, a Barceló brand. For an Israeli buyer drawn to the New Boulevard's walking-distance city life, this guide covers what is published for OXY Residence and what still needs confirming.

The project in outline

OXY Residence is positioned by ELT Group above an Occidental-branded hotel on the New Boulevard, with apartments ranging from 30 to 87 sqm. Residents share some hotel services with the Occidental operation below, though the exact split of which services extend to residential owners is specified by the developer rather than assumed from the hotel brand. ELT Group states that approximately 62% of the project is sold, a figure it publishes itself rather than one Orven independently verifies. The project is currently off-plan, with delivery announced for June 2028. Locations on marketing materials are approximate; your adviser confirms the exact unit before you reserve.

The 0% down payment plan

ELT Group has structured OXY Residence around a 0% down payment at reservation, with the balance paid through internal instalments running up to 32 months, ending ahead of the June 2028 delivery. This is a notably different entry point from projects elsewhere in Batumi that require a deposit of 10% to 30% up front. The entry price itself is not published on an official source available to Orven; your adviser requests the current price list from ELT Group alongside the exact instalment schedule, since "up to 32 months" is a maximum window rather than a confirmed number of equal payments.

Sharing a building with a branded hotel

Living above an operating hotel has practical implications beyond branding: shared lobbies, service areas and possibly shared amenities with hotel guests. ELT Group's own materials describe the arrangement as sharing hotel services, without detailing which specific services, housekeeping, gym access, pool access, extend to apartment owners as a matter of course versus on a paid basis. Confirm this directly with ELT Group before assuming full access to every hotel amenity.

Georgia's residence permit and this entry price

Georgia's law on the legal status of foreigners, article 15(j), opens a short-term residence permit, renewable one year at a time, to a foreign owner, a spouse and children, once the property's market value exceeds USD 150,000 equivalent in GEL, as set by an accredited certified expert. With OXY Residence's price not published, whether a given unit at 30 to 87 sqm clears that threshold depends on the price and the valuation rather than an assumption. Our guide to Georgia's residence permit for Israeli property owners covers the rule, always subject to conditions confirmed with the Georgian authorities.

Tax and title

Rental income earned by an individual in Georgia is taxed at 5% of the gross amount under article 81 paragraph 2 of the tax code, with a capital gain exempt from the 5% rate after more than two years of ownership under article 82 paragraph 1(f.a). Title registers through the National Agency of Public Registry (NAPR), with official fees of GEL 150, 270 or 350 depending on processing speed; a local lawyer should verify the title before you sign, something Orven coordinates with you from outside Georgia.

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Comparing OXY Residence with Olympus Residence nearby

Both New Boulevard projects target a similar buyer, someone who wants city-centre walkability rather than a Gonio beachfront position. Olympus Residence publishes a 30% down payment with interest-free instalments over 24 months and an entry price of USD 62,000; OXY Residence instead offers a 0% down payment structure with instalments to 32 months, at a price ELT Group has not published. A buyer prioritising the lowest upfront outlay may lean toward OXY, while a buyer who wants a confirmed entry price today may prefer Olympus until ELT Group releases current pricing.

Questions to put to ELT Group before you reserve

• What the current entry price is for the smallest available unit, and whether it varies by floor level above the Occidental hotel.
• Which specific hotel services, housekeeping, pool access, gym access, extend to apartment owners by default, and which are offered only on a paid basis.
• What the exact instalment dates and amounts are within the "up to 32 months" window, rather than the maximum figure alone.
• How ELT Group verifies the 62% sold figure it publishes, and whether that pace affects which floors or unit sizes remain available.

Living above a hotel: what to confirm in writing

A building shared with an operating hotel raises questions a standalone residential tower does not. Before you reserve, ask ELT Group to confirm in writing how shared lobbies and service areas are managed day to day, whether hotel guests and residential owners use separate lifts or entrances, and how any noise or event activity tied to the hotel's conference or public spaces is managed for residents above. None of these points are detailed in ELT Group's published materials at a level this guide can confirm.

Working with Orven on OXY Residence

Orven requests the current price list, the exact instalment breakdown within the 32 months and the specifics of shared hotel services directly from ELT Group, and arranges a Georgian lawyer for title verification ahead of signature. See our guide to the New Boulevard for an Israeli buyer and the Olympus Residence guide for the neighbouring project. Orven's Israel page covers Batumi ahead of Dubai for buyers from Israel.

Message Orven on WhatsApp at +971 52 776 1939 or by email at sales@orvenproperties.com with the unit size you want, and your adviser follows up with current pricing at OXY Residence.

FAQ

Is a down payment required to reserve at OXY Residence? ELT Group publishes a 0% down payment structure, with internal instalments running up to 32 months.

What is the entry price? Not published on an official source available to Orven. Your adviser requests the current price list from ELT Group.

When is delivery expected? June 2028, with the project currently off-plan.

Do residents get full access to the Occidental hotel's amenities? ELT Group describes shared hotel services, without detailing every amenity included; confirm the exact scope with the developer before you reserve.