OXY Residence
To the sea290 m
View property →from $38,000completion Q4 2028
Airport Highway 96, Batumi
Magnolia
Price from$38,000
December 2028Completion
Next GroupDeveloper
under constructionStatus
Details
Key facts
- Location
- Airport Highway 96, Batumi
- Price from
- $38,000
- Completion
- December 2028
- Developer
- Next Group
- Status
- Under construction
About the project
NEXT Magnolia is a Next Group residential building on Airport Highway in Batumi, close to the New Boulevard. The shoreline is a kilometre and a half away, Lech and Maria Kaczyński Park a fifteen-minute walk, the airport ten minutes by car. A school, a university, a pharmacy, a hospital and supermarkets are all nearby.
Sixteen storeys hold 420 apartments in a reinforced concrete frame, with fibre-reinforced concrete cladding, KONE lifts and 3.1 m ceilings. Inside: reception, restaurants and cafes, shops, an ATM, a fitness centre, a pool, co-working, a children’s zone, a green courtyard, a terrace and retail units. Underground parking for 92 cars and round-the-clock CCTV.
Layouts: a 31.9 m² studio, a 52.5 m² one-bedroom, a 73.2 m² two-bedroom, with units up to 86.3 m² on offer. Finishing is your choice: bare or complete. A 20% down payment with interest-free installments over up to 31 months.
Yield
Run the numbers yourself
Move the sliders or type your own rent — we do not promise a percentage, we calculate from your inputs.
Monthly rent
Occupancy over a year70%
Costs: management, taxes, utilities25%
- Net per year
- $1,915
- Annual return
- 5.0%
- Years to pay back
- 19.8
An estimate, not a promise: the rent depends on the floor, the view, the finish and whether you let nightly or yearly. We will run it with you on a specific apartment — costs included, nothing rounded in our favour.
Location
Batumi
Questions
What buyers ask about this property
How much are apartments in Magnolia?
Prices in Magnolia start from $38,000. The final figure depends on the floor, the view and the layout — we will send the current price list from the developer on request.
Is there an instalment plan in Magnolia?
A 20% down payment with interest-free installments over up to 31 months.
When is Magnolia completed?
Completion is scheduled for December 2028.
How far is Magnolia from the sea?
960 m in a straight line to the shore.
Who is the developer of Magnolia?
Next Group. Before you sign anything we check the legal status of the project and of the specific unit.
Does buying in Magnolia give residency in Georgia?
Residency requires property worth at least 150,000 dollars. Prices in Magnolia start lower, at $38,000, so it depends on the unit you choose — a larger one can clear the threshold.
How do I buy an apartment in Magnolia from abroad?
Foreigners buy property in Georgia on the same terms as citizens. You do not have to travel: we film the unit, collect the documents and complete the registration by power of attorney. Registration takes one to four working days.
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Contact us
Tell us what you are looking for
We reply within 30 minutes and send a selection matched to your brief — with legal status, calculations and photos from the site.
+995 599 278 144
6 Nikoloz Baratashvili Street, Batumi