The Olympic Residence is a luxury condominium in the embassy district of Ulaanbaatar, a growing city with a number of recently completed buildings. The mixed-use development lies in the heart of the capital, within the Central Business District, overlooking the central park of the city and adjacent to two five star hotels. Orientated to the South, the Olympic Residence offers unparalleled views over the Bogd Khan mountain range, as well as a unique cityscape.
The bottom three floors comprise of grade A retail space, designed for, and targeted at, luxury retail and entertainment brands. Floors four to seventeen are made up of 99 residential apartments including duplexes and penthouses. The growing numbers of executive expatriates and wealthy Mongolians in Ulaanbaatar will underpin long-term demand. With the supply of centrally located, quality real estate being extremely short, rental yields should remain high going into the medium and long term and the opportunity for significant capital appreciation is strong.
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