New Boulevard in Batumi: Olympus Residence and OXY Residence compared
New Boulevard holds two projects from the Orven Batumi collection, Olympus Residence and OXY Residence. Entry budgets, payment plans and amenities, exactly as published by each developer.
New Boulevard, a zone with two very different faces
New Boulevard is one of six zones in the Orven Batumi collection. Two projects currently sit here: Olympus Residence, a large residential complex already well advanced, and OXY Residence, built above an internationally branded hotel. Both share the same zone but follow very different logics: one targets a large volume of apartments at an accessible entry price, the other pairs residential units with hotel services.
This guide uses only the facts published on each project's Orven page. For the wider picture, see the Batumi destination page; for the collection's other destinations, see Destinations.
Olympus Residence and OXY Residence at a glance
| Olympus Residence | OXY Residence | |
|---|---|---|
| Address | 53 Sherif Khimshiashvili St | 12 Adlia St |
| Developer | Olympus Group | ELT Group |
| Typologies | studios 34.7 to 40.7 sqm, 1-bed 45.9 to 69.1 sqm | apartments 30 to 87 sqm |
| Volume | 1,167 apartments (Blocks A and B), 995 announced sold by the developer | about 62% sold per the developer |
| Entry price | from USD 62,000 | on request |
| Payment plan | 30% down (USD 18,600) plus 24 months interest-free | 0% down plus internal instalments up to 32 months |
| Delivery | 2026 | June 2028 |
| Status | under construction | on plan |
Olympus Residence: a large volume, a known entry budget
Olympus Residence is the largest project on New Boulevard: 1,167 apartments across two blocks, with 995 already announced as sold by the developer. Studios run from 34.7 to 40.7 sqm, one-bedroom units from 45.9 to 69.1 sqm. Published amenities include an infinity pool, an outdoor pool, a spa, a restaurant, a cafe, a coworking space, a conference room and a playground.
The published entry price is USD 62,000, with a 30% down payment, USD 18,600, followed by 24 months interest-free. Delivery is announced for 2026, which puts Olympus Residence among the closer-to-completion projects in the Batumi collection. For a method to work out a yield on a unit like this, see our guide how to calculate gross and net rental yield: no developer yield projection is used here, only a calculation built on assumptions you set yourself.
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OXY Residence: apartments above a branded hotel
OXY Residence also sits on New Boulevard, at 12 Adlia St. The project offers apartments from 30 to 87 sqm above a hotel under the Occidental (Barceló) brand, with hotel services shared with residents. The developer states that about 62% of units are already sold.
The published payment plan asks for no down payment, with internal instalments proposed by the developer over up to 32 months. Delivery is announced for June 2028. The entry price remains on request: your adviser gives you the current rate by typology. On what a hotel brand attached to a residence does and does not guarantee, see our guide is a branded residence worth it?.
Two budgets, two buyer profiles
Olympus Residence suits a buyer looking for a known entry budget and a near-term delivery, with a simple 24-month payment plan. The project's scale, over a thousand apartments, also makes it one of the more sold-out complexes in the collection according to the developer, which can be reassuring about commercial momentum without guaranteeing future resale or rental demand.
OXY Residence suits a buyer more interested in the pairing with an international hotel brand and a no-down-payment plan, at the cost of a later delivery (June 2028) and a price not yet published. In both cases, charges, the management contract and the owner's share are points to have the developer specify and your adviser confirm before you reserve.
Working with Orven
- Tell your adviser your target budget and preferred delivery horizon.
- For OXY Residence, ask for the current rate by typology, since the developer does not publish it online.
- For Olympus Residence, confirm current availability given the volume already announced as sold.
- You receive an updated comparison between the two projects, based on your priority (budget, delivery, brand).
Message Orven on WhatsApp at +971 52 776 1939 or by email at sales@orvenproperties.com for an updated read on Olympus Residence and OXY Residence.
FAQ
What is the entry budget for Olympus Residence? USD 62,000, with a 30% down payment (USD 18,600) followed by 24 months interest-free, according to the project page.
What is the entry price for OXY Residence? It remains on request. The published payment plan asks for no down payment, with internal instalments up to 32 months proposed by the developer.
Is Olympus Residence already mostly sold? The developer announces 995 apartments sold out of a total of 1,167. That figure comes from the developer; your adviser confirms current availability by typology.
What does the Occidental brand bring to OXY Residence? Residents share the services of the on-site Occidental (Barceló) hotel, according to the page. Exact terms (charges, access, contract) are confirmed by the developer and your adviser.
When will these two projects be delivered? Olympus Residence is announced for 2026, OXY Residence for June 2028. Both dates come from the developers and are confirmed at contract stage.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
What is the entry budget for Olympus Residence?
USD 62,000, with a 30% down payment (USD 18,600) followed by 24 months interest-free, according to the project page.
What is the entry price for OXY Residence?
It remains on request. The published payment plan asks for no down payment, with internal instalments up to 32 months proposed by the developer.
Is Olympus Residence already mostly sold?
The developer announces 995 apartments sold out of a total of 1,167. That figure comes from the developer; your adviser confirms current availability by typology.
What does the Occidental brand bring to OXY Residence?
Residents share the services of the on-site Occidental (Barceló) hotel, according to the page. Exact terms (charges, access, contract) are confirmed by the developer and your adviser.
When will these two projects be delivered?
Olympus Residence is announced for 2026, OXY Residence for June 2028. Both dates come from the developers and are confirmed at contract stage.
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