Having finished fifth at the season-opening series in Cairo earlier in February, the Iranian scored a remarkable 14.9 points in the final for the runner-up spot.
With the event serving as part of the qualification for Paris Olympics in the summer, the result comes as a massive step for Olfati in his pursuit of berth in the French capital in August.
The Iranian will continue his quest for the Olympic quota when returning to the Apparatus World Cup action in early March.
The final series of the event will take place in Doha in mid-April.
Olfati wrote his name into history books of the Iranian sport last September, when he snatched a maiden gymnastics medal for the country at the Asian Games, claiming a precious silver in the men’s vault competition.