OXY Residence

AI Investment Summary

OXY Residence has a B investment grade. Estimated rent is about $5,280 a year after taxes and maintenance costs, with simple payback close to 11 years once the apartment is let. The walkable route to the shore supports the rental case. The building remains under construction, with delivery indicated for 2028. The waiting period and the exact unit chosen both matter to the result.

69.9

Final score

69.9

Liquidity

Net yield

9.2%

Appreciation potential score

56/100

Exit score

46.7/100

Investment grade

ADR

44 $

Occupancy

61%

Annual net rent

5,284 $

Primary Strategy: Balanced

Overview

OXY Residence Key benefits: 250m to the sea. 14-storey residential building. Underground parking. Location: 12 Adlia St, Batumi. New Boulevard district, near Lech and Maria Kaczynski Park, 7 min from airport. Tech: Monolithic-frame. Energy-efficient materials. Amenities: Underground parking. Units: Contact sales office for area and layout information. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· Under constructionDelivery· 2028

Construction technology

Monolithic frame

Elevators

Yes

Parking

Underground

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

Adlia St, 12

Nearby travel times

Walk to sea

7 min

Walk to park

22 min

Walk to school

15 min

Nearest major mall

Metro City Forum AVM

Drive to mall

5 min

Elt Building

ELT Building is a Georgian real estate development company operating since 2017. The company primarily focuses on residential and investment-oriented developments in Batumi.

The developer’s portfolio includes seven completed projects: Sunrise, Rainbow, La Quinta by Wyndham, Sunset, Optima Residence, Compact House, and Marina Club. ELT Building is currently developing two projects in Batumi — OXY Residence and Status House.

The company delivers a range of property formats, from residential complexes designed for permanent living to apart-hotels and investment properties. ELT Building also cooperates with international hospitality brands, strengthening its experience in the development and management of tourism and hotel-oriented real estate.

More about the developer