The station, part of the Red Line, was inaugurated in 1998 and has some of the most spectacular modern art on the Lisbon metro. In 2022, the ABC newspaper highlighted Olaias Station as one of the most beautiful in the world. The infrastructure design was conceived by the architect Tomás Taveira, who designed an imposing station with high pillars in the industrial style and with many colours. The art in the station is the work of artists Pedro Calapez, Pedro Cabrita Reis and others.