OXY Residence Batumi: a payment plan with no down payment

OXY Residence offers a payment plan with no down payment, with internal instalments spread over up to 32 months. Handover is announced for June 2028, and price remains on request.

The project in outline

Developed by ELT Group, OXY Residence sits on New Boulevard at 12 Adlia Street, above a hotel branded Occidental (Barcelo). Apartments range from 30 to 87 sq m, and residents share the hotel's services. According to the developer, roughly 62% of units are already sold. The project is currently off-plan.

The payment plan: 0% down, 32 months of internal instalments

The published plan requires no down payment at all: the full price is spread across internal instalments over a maximum of 32 months. That differs from most neighbouring Batumi projects, which typically ask for a 10% to 30% down payment before spreading the balance. Skipping the down payment lightens the initial outlay, but the exact size and dates of each instalment within the 32 months are not published; they are confirmed directly with the developer, through your adviser.

An operating model described by the developer

The page presents the Occidental hotel's services as shared with residents, as part of an operating model the developer describes itself. That description remains ELT Group's own, not an Orven guarantee of a rental programme, revenue share or management terms. Any specifics on this point are confirmed directly with the developer before basing a purchase decision on it alone.

What remains on request

Price is not published on the project page at this stage. A buyer interested in a specific size between 30 and 87 sq m needs a direct conversation with their adviser to get a rate, along with current availability given the 62% already reported sold by the developer.

A position above an internationally branded hotel

OXY Residence's position above an Occidental-branded hotel sets it apart from the purely private residences nearby. That means residents share the building with a transient hotel clientele, and some common spaces may serve both uses. This kind of arrangement can suit a buyer who wants a lively setting with hotel services on hand, but it is worth weighing against a purely residential project for a buyer who prefers a building without tourist footfall.

Why the lack of a down payment deserves perspective

A 0% down payment plan lightens the initial outlay, but it also means the entire financial commitment rests on internal instalments spread over 32 months, without the safety net a partial payment already made would offer if circumstances change. A buyer considering this plan should check with their adviser what happens if instalments are interrupted, a point the page does not detail.

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Sold units and what that implies for availability

With roughly 62% of units reported sold by the developer, OXY Residence is well into its sales cycle. For a buyer interested in a specific size within the 30 to 87 sq m range, that level of take-up means fewer remaining choices, and confirming current availability before settling on a layout matters more here than for a project still at an earlier sales stage.

New Boulevard, a district with its own district guide

OXY Residence sits on New Boulevard, alongside Olympus Residence, the other project in our selection in this part of Batumi. Comparing the two within the same district can help a buyer weigh OXY Residence's hotel-linked structure against Olympus Residence's more conventional apartment payment plan before deciding which setup fits their plans better.

Working with Orven

For current pricing and availability, message Orven on WhatsApp at +971 52 776 1939 or at sales@orvenproperties.com. Our full OXY Residence guide covers everything else the page confirms, and our New Boulevard district guide places the project among its neighbours. The project page sits at /batumi/oxy-residence-elt-group/.

Checking the construction schedule toward June 2028

With handover announced for June 2028, a buyer has a specific month to plan around, unlike several other Batumi projects in our selection that only publish a year. Even so, periodic progress updates from your adviser remain worthwhile over a multi-year construction period.

Confirming the exact size before you reserve

Sizes within the 30 to 87 sq m range vary considerably in what they offer day to day, so confirming the exact size tied to any quoted price remains an essential step before reserving.

FAQ

Is a down payment required for OXY Residence? No, the published plan requires no down payment; the price is spread across internal instalments over a maximum of 32 months.

Is the price published? No, it is on request and confirmed with your adviser depending on the size chosen.

When is OXY Residence handed over? June 2028, according to the project page, currently off-plan.

What does sharing the Occidental hotel's services mean? It is the developer's own description. Any specifics on management or revenue are confirmed directly with ELT Group.