ELT Building in Batumi: Completed Projects, Current Construction and How to Assess the Developer

ELT Building has something more useful than a catalogue of future towers: an identifiable building record. Sunrise was completed in 2020, Rainbow and Sunset were commissioned in 2024, and La Quinta by Wyndham Batumi opened in 2025. Those are meaningful milestones. Yet a buyer considering OXY Residence or Status House should still examine the exact contract, handover date and future maintenance obligations.

The public HomeRadar developer profile shows a Developer Rating of 75/100 and nine listed developments. They are not interchangeable properties: some are completed homes, others are hospitality-led complexes or unfinished residential buildings. A strong track record does not make every unit a sound purchase.

Which ELT buildings have actually been completed?

ELT Building was established in Batumi in 2017. According to its official company history, Sunrise was completed in 2020, Rainbow and Sunset were commissioned in 2024, and La Quinta by Wyndham opened in 2025. The developer’s completed-project portfolio also includes Optima and Compact House. These documented milestones offer a stronger basis for assessment than marketing claims about scale.

Homes in Sunrise, Rainbow, Sunset, La Quinta by Wyndham, Optima Residence and Compact House make it possible to inspect built work. Ask residents about lifts, maintenance, water supply, winter heating and how the development has actually performed after handover.

Marina Club needs a more precise check: its official project page calls the project completed, although the general official site still displays it under current projects. This discrepancy does not establish that construction is unfinished. It means buyers should confirm the formal completion and handover documents for their specific block.

What is under construction now?

The most relevant current Batumi developments are Status House at 5 Adlia Street and OXY Residence at 12 Adlia Street. HomeRadar indicates 2027 for Status House and 2028 for OXY. ELT’s official OXY page is more specific: June 2028. That is a developer target rather than a guaranteed contractual handover.

Status House is positioned for permanent living and longer rentals, with sports space, a courtyard and underground parking in the project concept. HomeRadar’s investment reference is approximately $43,861, although the final price depends on the individual apartment and sale terms.

The OXY Residence concept adds a hotel component. ELT says the first four floors will house a four-star Occidental Hotel associated with Barceló, with homes of 30–87 sq m above. The official offer mentions internal instalments up to 32 months and the possibility of a 0% initial payment. Buyers need an individual dated offer and contract to establish what applies.

A hotel brand in the building is not, on its own, a rental guarantee. Determine whether the operator actually manages private units, which amenities owners can access and who bears service costs.

How do prices and rental scenarios differ?

Prices vary widely across the portfolio. HomeRadar lists historic reference levels of $34,000 for Rainbow and $36,000 for Sunset. These are not necessarily live developer offers: resales can be priced very differently, and some developments are sold out.

According to HomeRadar’s investment analysis, Rainbow has a projected $5,164 net annual rental income, Sunset $5,284, and the future Status House approximately $5,284 after operations begin. Marina Club has a different entry budget and models approximately $4,906. These are scenarios for comparing properties, not statements about realised owner cash flow.

HomeRadar’s investment and living models account for purchase costs, necessary preparation and operating expenses. A high yield can result from a lower total purchase budget, not necessarily higher demand. For completed buildings, the actual resale price is central; for unfinished ones, the wait until handover matters just as much.

Which is easier to live in year-round?

HomeRadar gives Marina Club 82/100 on living comfort, Sunset 79/100, Status House 76/100, and Rainbow and Compact House 75/100 each. OXY Residence 63/100 remains a provisional assessment of known features; a planned building cannot yet be assessed like an occupied one.

Finished homes let buyers evaluate lifts, heating, noise, parking and day-to-day routes before they buy. Rainbow and Sunset offer that practical advantage. Some facilities at Status House and OXY remain proposed, so access and operation should be verified after completion.

A family may value a quiet street, school access and reliable heating more than a spa. A short-let investor will focus on furnishing, management and guest experience. A single development may not maximise both outcomes.

How should buyers interpret HomeRadar’s Developer Rating?

The public ELT Building page displays 75/100. This is an analytical comparison tool, not a construction licence, state certification or guarantee that the next tower will be delivered on time. ELT’s tangible advantage is a collection of buildings completed in different years that a buyer can investigate.

The number of projects alone is insufficient. Identify the legal company selling the unit, verify title to the land, confirm building permits and registry encumbrances, and obtain evidence of handover for the specific block. The reputation of a development group is not automatically the legal position of every project company.

The simultaneous delivery of several buildings also creates execution demands. Check payment milestones, delay remedies, refund clauses, the actual construction schedule and whether technical supervision is independent.

Which ELT project makes sense for which buyer?

For an existing home, begin with Rainbow, Sunset, Sunrise and Compact House, then compare actual resale listings rather than old minimum prices. For permanent living and longer lets, Status House deserves examination of the building timeline and maintenance obligations. For a hospitality-led concept, OXY may be relevant, but the real management agreement matters more than the hotel sign.

Marina Club and Optima are worth comparing for larger-scale amenities, but a premium price is only sensible when those facilities deliver value to the owner or genuine rental demand. Income projected for a future OXY apartment should not be mistaken for rent that starts next month.

Before paying a deposit, request the cadastral code, title and encumbrance extract, the applicable construction permit or commissioning certificate, finishing specification, service tariff, amenity-use rules and the full signed handover schedule. For resale, also check outstanding service charges and rental restrictions.

Frequently asked questions about ELT Building

How many projects has ELT Building completed?

HomeRadar’s developer profile identifies seven completed projects. Legal completion should still be checked for the specific building and block; the company has dated statements for Sunrise, Rainbow, Sunset and La Quinta.

When did La Quinta by Wyndham Batumi open?

ELT Group states that the hotel opened in 2025. That supports its delivery history, but it does not guarantee investment returns at other addresses.

When is OXY Residence expected to finish?

ELT’s official stated target is June 2028. The binding date for any apartment must be confirmed in its purchase agreement.

When should Status House be ready?

HomeRadar shows 2027 as a project-level indication; ask for the handover deadline and delay provisions for the selected block.

Which ELT property has the stronger rental forecast?

Rainbow and Sunset have broadly similar HomeRadar scenarios, at about $5,164 and $5,284 net per year. A real investment choice needs the actual unit price and operating contract.

Does the Occidental brand guarantee rent at OXY?

No. ELT says an Occidental hotel is planned for the lower floors. Any private-unit management or rental rights depend on written agreements.

What does a 75/100 Developer Rating mean?

It is HomeRadar’s public analytical assessment for comparison. It is not a substitute for legal checks, registry extracts, permits or performance under the sales contract.

Can I still buy an ELT apartment in a completed building?

Some completed properties are sold out from the developer. Availability depends on current primary-market inventory or verified individual resale offers.

Sources and data date

Data checked 13 October 2026. Key sources are the ELT Building profile on HomeRadar, HomeRadar investment and living models, the ELT Group official history, completed-project portfolio, and official material about OXY Residence, Status House, Marina Club and Optima. All rental figures are projections, not contractual earnings.