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Batumi New Boulevard Property Prices: Olympus vs OXY Residence

Olympus Residence, New Boulevard's larger address, starts at 62,000 USD with 30% deposit and 0% interest over 24 months. OXY Residence, above an Occidental hotel, has no published price and a 0% deposit plan.

6 November 2026 · By Orven Properties · 4 min read

Pictured: OXY Residence, New Boulevard, Batumi

New Boulevard property prices in Batumi come down to two very different addresses: Olympus Residence, with a published entry price of 62,000 USD, and OXY Residence, sitting above an Occidental-branded hotel, with no price published but a notably light 0% deposit structure. Both sit within the same compact stretch of New Boulevard, so the deciding factor between them is rarely location alone but rather price certainty, deposit size and delivery timeline.

Olympus Residence: the priced, larger-scale option

Olympus Residence, from Olympus Group, spans blocks A and B on Sherif Khimshiashvili Street, with 1,167 apartments planned, of which 995 are reported sold by the developer. Studios range from 34.7 to 40.7 m² and one-bedroom units from 45.9 to 69.1 m². Published amenities include an infinity pool, a separate outdoor pool, a spa, a restaurant, a café, co-working space, a conference room and a children's play area. The entry price is 62,000 USD, with 30% as a deposit and the remaining 70% in interest-free instalments over 24 months. Delivery is expected in 2026, currently under construction.

OXY Residence: hotel-linked, unpriced

OXY Residence, from ELT Group, sits above a hotel operating under the Occidental brand (part of Barceló), with shared hotel services available to residents. Units range from 30 to 87 m², with around 62% reported sold by the developer. No price is published for OXY Residence, but its payment structure is notably accessible: 0% deposit, with the balance spread across internal instalments of up to 32 months. Delivery is expected in June 2028, currently sold off plan.

Side-by-side comparison

	Olympus Residence	OXY Residence
Unit size range	34.7 to 69.1 m²	30 to 87 m²
Entry price	62,000 USD	On request
Deposit	30%	0%
Instalment period	24 months, interest-free	Up to 32 months
Delivery	2026	June 2028
Reported sold	995 of 1,167 units	Around 62%

Why the payment structures differ so much

Olympus Residence asks for a noticeably larger upfront commitment but over a shorter instalment window ahead of a nearer 2026 delivery. OXY Residence asks for nothing upfront but spreads payments further, toward a later 2028 delivery, which suits a buyer prioritising cash flow over an earlier move-in date.

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What "reported sold" means here

Both developers publish their own sales progress figures, 995 of 1,167 units at Olympus Residence and around 62% at OXY Residence. These are developer-reported figures rather than independently audited data, useful as a general signal of commercial momentum rather than a guarantee of remaining inventory at a specific price.

What else New Boulevard offers beyond these two towers

New Boulevard is one of six zones in the Orven Batumi collection, and Olympus Residence and OXY Residence are currently its two confirmed addresses. Both sit within walking distance of the boulevard itself, which gives this specific district a promenade-adjacent character distinct from the more residential feel of Makhinjauri and Green Cape, or the historic setting of Old Batumi further along the coast.

Who each project suits best

Olympus Residence, with its larger published unit count and nearer delivery date, suits a buyer who wants more certainty around move-in timing and is comfortable with the larger 30% deposit. OXY Residence, with its 0% deposit and hotel-linked services, suits a buyer prioritising cash flow today over an earlier handover, and who is comfortable with a 2028 delivery window.

Currency and verification

Prices in Batumi are frequently published in US dollars rather than lari, with no currency conversion applied here. Olympus Residence's 62,000 USD figure and OXY Residence's payment terms are both quoted as published on the Orven project pages, verified 08 October 2026.

Next step

If a confirmed, near-term price matters most, Olympus Residence at 62,000 USD is the clearer figure to act on; if a lighter upfront payment and a later delivery date work better for your plan, ask your adviser for OXY Residence's current pricing once it is released.

Our Olympus Residence price and payment plan guide and our Batumi New Boulevard district guide cover both addresses in more depth.

Message an Orven adviser on WhatsApp at +971 52 776 1939 or email sales@orvenproperties.com, or browse current New Boulevard listings through find your home.

FAQ

What is the entry price at Olympus Residence? 62,000 USD, with 30% as a deposit and the balance over 24 interest-free months.

Is OXY Residence priced yet? No, price is on request, though its 0% deposit, up-to-32-month instalment structure is published.

When is each project expected to be delivered? Olympus Residence in 2026, currently under construction; OXY Residence in June 2028, currently sold off plan.

Are these developer sales figures independently verified? No, the 995-of-1,167 and around-62% figures are developer-reported, useful as a general signal rather than audited data.