Olympus Residence Batumi for an Israeli Buyer

Olympus Residence is one of the lower entry-price options an Israeli buyer is likely to see when comparing Batumi projects, with a published starting price well under the two branded Gonio projects nearby. This guide covers what is published for Olympus specifically.

The project in outline

Located on New Boulevard at 53 Sherif Khimshiashvili Street, Olympus Residence spans two blocks, A and B, with 1,167 apartments in total; the developer states 995 units sold as of its own disclosure. Layouts run from studios of roughly 34.7 to 40.7 square metres to one-bedroom units of about 45.9 to 69.1 square metres. Shared amenities include an infinity pool, an outdoor pool, a spa, a restaurant, a café, a co-working space, a conference room and a children's play area. Delivery is announced for 2026, and the project is currently under construction. Project locations shown on marketing material are approximate; your adviser confirms the exact plot.

The payment plan: 30% down, 24 months interest-free

The published plan is 30% as a down payment, with the remaining balance spread across interest-free instalments over 24 months. Applied to the published entry price of USD 62,000, the 30% is paid first and the remaining 70% is spread over the instalment period; your adviser confirms the exact amounts for the lot you choose. The exact size and dates of the individual instalments within those 24 months are confirmed directly with the developer rather than assumed to be perfectly even.

Furnishing status and what it means

The project page does not state that units are delivered furnished in the way Radisson Blu Residences Gonio or Wyndham Residences Batumi are; furnishing specifics for Olympus Residence are confirmed by the developer and your adviser before you budget for a move-in-ready unit versus one needing further fit-out.

Where this sits against Georgia's residence permit threshold

Georgia's law on the legal status of foreigners, article 15.j, sets the threshold for a short-term residence permit through property at a market value exceeding USD 150,000 equivalent in GEL, established by an accredited certified expert, renewable one year at a time, subject to conditions confirmed with the Georgian authorities; it is not a nationality and not an automatic right. At an entry price of USD 62,000, a single unit at Olympus Residence sits well below that threshold. A buyer who wants to pursue the residence permit route would need a larger unit, additional property, or to combine this purchase with other holdings, with eligibility ultimately resting on a certified expert's valuation rather than the catalogue price. Our guide to Georgia's residence permit through property covers the rule in full.

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Registration and tax

Registration runs through Georgia's National Agency of Public Registry (NAPR) via a Public Service Hall, at official fees of GEL 150, 270 or 350 depending on processing speed, with the paying party set at contract stage; a local Georgian lawyer should verify the title before you sign. If you let the unit out, Georgia's tax code sets a 5% rate on gross rental income earned by an individual, under article 81 paragraph 2, with no deductions; a sale after more than two years of ownership is exempt from the 5% capital gains rate under article 82 paragraph 1(f.a). Current rules are confirmed with a tax adviser, and your own Israeli tax position is a separate question for your own adviser.

What still needs confirmation

• The size and dates of the instalments within the 24-month interest-free period.
• Current furnishing status and any upgrade options.
• Service charges and building management arrangements once delivered.
• Any flight route or schedule between Israel and Batumi, which is a matter for the airlines and Batumi International Airport, not something Orven quotes.

Working with Orven

Orven requests current unit availability directly from Olympus Group and connects you with a local Georgian lawyer for title verification and contract review. For the full project write-up, see Olympus Residence Batumi guide and the broader New Boulevard district guide. Orven's Israel page lists Olympus Residence among the Batumi projects most requested by Israeli buyers at this budget level.

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

FAQ

What is the entry price for Olympus Residence? USD 62,000, on a published plan of 30% down payment with the balance in interest-free instalments over 24 months.

Is Olympus Residence furnished? Furnishing status is not stated on the project page the way it is for Radisson Blu or Wyndham; confirm this with the developer and your adviser.

Does Olympus Residence qualify for Georgia's residence permit through property? Not at this entry price alone. The threshold depends on a certified expert's valuation reaching the USD 150,000 equivalent figure, which a single unit here does not reach on its own.

When is delivery announced? 2026, with the project currently under construction.