HomeRadar logo
Exclusive
Back to map
AI Investment Summary

Olympus Residence has a C investment grade. The rental model estimates about $5,760 a year after taxes and maintenance. Simple payback is around 12.5 years once letting begins. Access to the seafront and school may help demand, while completion and the chosen unit will shape real returns.

59.4
Final score
59.4
60
Liquidity
60
Net yield
7.9%
Appreciation potential score
44/100
Exit score
39.5/100
Investment grade
C
ADR
48 $
Occupancy
61%
Annual net rent
5,764 $
Primary Strategy: Balanced

Overview

Olympus Residence (Olympus) Key benefits: 60m to the sea (first line). Two 40-storey towers. 3.1m ceilings. Fitness and spa. Location: 53 Sherif Khimshiashvili St, Batumi. Near Batumi Mall, Republican Children's Hospital, Europark water park, ANRI Marine Engineering Academy, Lech and Maria Kaczynski Park, 3 km from airport. Tech: Monolithic-frame. Curved towers for sea views. Amenities: Fitness center, spa, beauty salon, children's room, playground, rooftop terraces, underground parking with car wash and dry cleaning, hotel within complex, 24/7 security, CCTV. Units: Studios, 1-3-bedroom apartments (33–95 m²). Ceilings 3.1m. White frame finish. Purchase terms: Property management for rental income.

Project details

Construction status· Under constructionDelivery· 2026Area range· 33-95 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

Gas

Elevators

Yes

Infrastructure

Fitness centerSpaBeauty salonSwimming poolChildren's playgroundChildren's playroom

Parking

Underground

Security & Safety

SecurityCCTV
Layouts
Layouts are not published for this project yet.
Location

Khimshiashvili District: Authentic Seaside Living at Accessible Prices

Located between Batumi’s Old Town and New Boulevard, Khimshiashvili is a calm, well-established neighbourhood with a genuine local character. Away from the busiest tourist areas, it is known for its open-air markets, family-run cafés serving local cuisine, public schools and convenient access to everyday services.

Pros: Proximity to the sea, with the beach within walking distance from many parts of the neighbourhood; a peaceful, unhurried residential atmosphere; fresh produce at accessible prices in local markets; and generally more affordable property options than in Batumi’s premium resort districts.

Cons: Much of the area consists of older apartment buildings and private houses, with fewer modern residential developments. The choice of leisure and resort-style amenities is also more limited, as this is primarily a residential neighbourhood rather than a tourist district.

✅ Who it suits: Local residents and international buyers looking for their first home in Georgia at a reasonable price; practical buyers who want to live within walking distance of the sea without paying a premium for a resort location; and families with school-aged children who value access to nearby schools and kindergartens.

City
Batumi
District
Khimshiashvili
Address
Sherif Khimshiashvili St, 53

Nearby travel times

Walk to sea
7 min
Walk to park
1 min
Walk to school
3 min
Nearest major mall
Metro City Forum AVM
Drive to mall
1 min
Olympus has projects in Batumi, including Olympus Residence. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated as additional information is confirmed.
More about the developer

Olympus Residence

Batumi, Khimshiashvili, Sherif Khimshiashvili St, 53

Price from
73,227 $
Price per m²
1,900 $ / m²