OXY Residence
A new ELT Group project in ELT Quarter on Batumi's New Boulevard: a 4-star Barceló-branded Occidental Hotel on the first four floors, with serviced apartments above. The sea is 100 metres away.
- Apartments serviced by the Occidental hotel (Barceló), 100 m from the sea.
- Prices from $44,000 — from $1,450 per m² in White Frame.
- Interest-free developer installments for up to 30 months.
About the project
OXY Residence is a new ELT Group project in ELT Quarter on Batumi's New Boulevard, at 12 Adlia Street, 100 m from the sea. It is being built in exclusive partnership with Barceló Hotel Group: floors 1 to 4 will house a 4-star Occidental Hotel, with residential apartments above.
The apartments are serviced by the Occidental hotel operator, so owners get 4-star-level service. On sale are studios of 29–61 m², one-bedroom apartments of 49–59 m² and two-bedroom apartments of 72–87 m²; units are available in White Frame or turnkey.
Construction started in spring 2026; the developer's presentation states a 3-year build, while the ELT Group website lists handover in June 2028. As of 9 November 2026, the website shows 62% of apartments sold.
Nearby are a supermarket (200 m), a hospital (700 m) and the airport (1 km). The format suits investors looking for a hotel-managed apartment by the sea.
Gallery
What OXY Residence will look like
Developer renderings.
Key facts
Key information
The essentials on one screen.
City, district
Batumi, New Boulevard
Prices
from $44 000
Completion
2028–2029
Instalments / mortgage
Installments up to 30 months, 0%
Residence permit
For units from $150,000
Finishing
White Frame or turnkey
Developer price list
Prices and purchase terms
Prices from the official ELT Group price list as of November 2026 (ELT Group data on aplaceinthesun.com). Through Tbilicity — no mark-up.
| Type | Area | Price from | Per m² |
|---|---|---|---|
| Studio | 29–61 m² | $44 000 | from $1 450 |
| 1 bedroom | 49–59 m² | price on request | — |
| 2 bedrooms | 72–87 m² | price on request | — |
The price of a specific unit depends on floor, view and finishing — we'll send an exact quote via WhatsApp.
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Investment potential
OXY Residence offers hotel-managed apartments by the sea. Batumi market figures for 2026:
Price per m², new buildings
A 30 m² studio × $10.6 per m² (lower end of Batumi rents) ≈ $320 per month, about $3,820 per year. At a price from $44,000 that is:
Gross yield on long-term rental, excluding costs and vacancy. Income under hotel management is calculated differently — we'll run the numbers on request.
Sources: Galt & Taggart — Batumi market reviews, Q2–Q3 2026; ELT Group website and presentation, November 2026; aplaceinthesun.com; korter.ge. Forecasts are not a guarantee of returns.
Developer
ELT Group
ELT Group is a developer building in Georgia since 2017: according to the company, it has built and sold over 470,000 m² across 15 projects, with buyers from 67+ countries.
In Batumi, ELT is developing ELT Quarter on the New Boulevard — the Sunrise, Rainbow and Sunset complexes and the La Quinta by Wyndham hotel are already completed. The company partners with Wyndham Hotels & Resorts, Barceló Hotel Group and the management company IPM; in Tbilisi it is building Spanish Quarter and Palatina by ELT.
Location
New Boulevard: neighbourhood and amenities
12 Adlia St, Batumi
New Boulevard is Batumi's modern seafront district with a wide promenade, cycle lanes, parks and new residential complexes. The airport and the road to Gonio are close by, and the old centre is a 10–20 minute drive.
ELT Quarter covers 7 hectares here: according to the developer, it comprises 10 complexes, of which 4 are completed, 4 under construction and 2 in design. Residents share the quarter's infrastructure, including the La Quinta by Wyndham hotel.
Ask an expertOn-site amenities
- Partnership with Barceló Hotel Group
- Occidental Hotel 4* on floors 1–4
- Hotel services for apartment owners
- 100 m to the sea
- Underground parking
- 24/7 lobby and reception
- Landscaped courtyard
- White Frame or turnkey
FAQ
Questions and answers
Answers to the most common questions.
Does buying an apartment give a residence permit in Georgia?
Since 1 March 2026, a Georgian residence permit can be obtained by buying property with a market value of at least $150,000 (assessed by an accredited valuer) — a one-year temporary permit that can be renewed. From $300,000 — a 5-year investment residence permit. At OXY Residence, units priced above $150,000 qualify — we'll suggest options.
Is there an installment plan?
Yes, an interest-free developer installment plan of up to 30–32 months, with a down payment from 0%. A TBC Bank mortgage is also available.
Does buying an apartment give a residence permit in Georgia?
Since 1 March 2026, a Georgian residence permit can be obtained by buying property with a market value of at least $150,000 (assessed by an accredited valuer) — a one-year temporary permit that can be renewed. From $300,000 — a 5-year investment residence permit. At OXY Residence, units priced above $150,000 qualify — we'll suggest options.
Can a foreigner buy, including remotely?
Yes. Foreigners buy property in Georgia on the same terms as citizens. Reservation, contract and payment can all be handled online — we support the deal from choosing an apartment to registering ownership.
Is it more expensive to buy through an agency?
No. Buying through Tbilicity is at ELT Group's official price list — no markup. We select the apartment, check the documents and support the deal.
Does buying an apartment give a residence permit in Georgia?
Since 1 March 2026, a Georgian residence permit can be obtained by buying property with a market value of at least $150,000 (assessed by an accredited valuer) — a one-year temporary permit that can be renewed. From $300,000 — a 5-year investment residence permit. At OXY Residence, units priced above $150,000 qualify — we'll suggest options.
Free selection
We'll pick 3–5 new builds for your goal
Tell us your budget and goal — we'll send a selection with developer prices, instalment plans and yield estimates via WhatsApp or Telegram.
See also
Other new buildings in Batumi
from $3 085/m²Alliance Centropolis
- Seafront, ~50 m to the sea
- Hyatt Centric 5* hotel
- World Trade Center Batumi
from $120 670Ambassadori Island — First Tower
- 84-ha artificial island
- 216 m tower, 58 floors
- Rooftop pool and restaurant
from $59 305Club Residence
- Rooftop pool and lounge
- Underground parking
- Padel court
from $218 583HOME Townhouses
- 15 townhouses
- 146.7 m² over three levels
- 3 bedrooms and 3 bathrooms
from $221 130La Villa
- Courtyard swimming pool
- Children's playground
- Gym
from $68 490Next Address
- Opposite Black Sea Mall
- 700 m to the sea
- Pool heated to 28 °C
When you buy a new-build apartment through us
Tbilicity buyer bonuses
No down payment
You can buy an apartment with no down payment — we'll show you the options.
Renovation discount
Renovation by our own crews — at a discount for our buyers.
Special rental terms
Special terms when you rent out the apartment through our rental department.
Free property management
We manage the letting of your apartment — as a gift.
How we work
Buying a new build with Tbilicity — 6 steps
Selection
We clarify your budget and goal — living, renting out or residency — and send 3–5 suitable projects with prices.
Viewing
We show the properties in person or online by video call — you can choose without flying to Georgia.
Reservation
We lock in the unit and price with the developer. Buying through us costs the developer's price, no mark-up.
Contract
We check the developer and documents and guide you through the contract and instalment schedule.
Registration
We register your ownership with the Public Registry — remotely, by power of attorney.
After purchase
Our own renovation crews, a rental department and help with resale — we support you after the deal too.