Cyprus Developers Alliance (CDA Group): Affordable Luxury in Cyprus

Cyprus Developers Alliance (CDA Group): доступная роскошь на Кипре
21 February 2022 Irina Zholnirova

Today Cyprus Developers Alliance (CDA) is practically synonymous with luxury real estate in Cyprus. Indeed, the latest CDA projects represent something incredible. Luxurious among the luxurious, beautiful among the beautiful.

A new concept of luxury real estate in Cyprus

The history of the company began in 2010, when it was conceived to create an alliance of developers in Cyprus. The idea was simple — to unite the developers of Cyprus and start jointly promoting their projects. Thus, the CDA included 43 companies with a large volume of real estate — more than 9 thousand objects in all areas of the island.

The main persons of the company (the executive committee, as they call themselves) are co-founders David and Alexander Petrosyan, Mikhail Razinkin, Natalia Petrosova. As you can see, the company was created by Russian-speaking expats.

When sales volumes reached the desired result, and the team gained invaluable experience, the group decided to start building its own projects — high-quality luxury real estate, which has not yet been on our island. The company hasbrought to Cyprus the European concept of comfort, luxury and the highest European level.

So, today CDA Group is not only an alliance, but also a multifunctional company.

The company is engaged in:

  1. development,
  2. peroperty managing (including servicing objects in the absence of owners, renting them out, etc.).

What is so unusual about CDA projects? All projects have several common characteristics. Firstly, the material of the building and exterior decoration is brick and natural varieties of stone. Secondly, the company uses a non-standard architecture style for Cyprus.

It is important to note that the company has no encumbrances and loans. During construction, only own funds are used, without external "infusions".

All this causes a high demand for real estate, which is being built by CDA. By the time of delivery of each complex, only a few apartments remain for sale. All other objects, as a rule, are bought at the construction stage.

Now let's go through the most famous projects of the CDA Group.

Of course, this is primarily a high-rise called Ararat in the Parekklisia, Limassol. Ararat Grand Residences is one of the projects monitored by the entire development world of Cyprus. And it's not just the name.

For those who have not yet heard about the Ararat Grand Residences here is its description:

  1. the best location of Amathus, it is the cleanest, most prestigious and cozy area with a yacht harbor
  2. 23 floors, the last 6 floors are occupied by a luxurious 8-bedroom penthouse with a roof garden and a private pool and three elevators
  3. private parking for residents with an increased number of parking spaces: 2 places for three-bedroom apartments, 3 places for four-bedroom apartments, 6 places for a penthouse
  4. amazing views of the mountains and the sea from the 1st residential floor - all thanks to panoramic windows, as well as the proximity of the beach
  5. high-class finishing of all apartments: only expensive varieties of marble, wooden parquet floors, Italian kitchens, Miele appliances, plumbing from Grohe and Villeroy Boch, VRV Daikin air conditioning, smart home system and so on.
Separately, we would like to mention the penthouse — a real pearl of the Ararat Grand Residences. It is also called the "villa in the clouds". This name is fully justified: from a height of twenty floors, the owner will get the maximum view.

The 8-bedroom penthouse is equipped with a separate elevator, two internal elevators, a fireplace in the living room, 10 bathrooms, an overflow pool with a roof garden, covered and open verandas. The entire area is equipped with underfloor heating, a smart home system, and the future owner can supplement it with something at his discretion.

Other Advantages of Ararat Grand Residences:

  1. supply and exhaust ventilation with heat exchange system even with the windows closed, the rooms will be filled with fresh air, while in summer natural coolness is preserved, and in winter heat is well retained.
  2. the outer walls are made of brick on a reinforced concrete frame, the inner walls are made entirely of brick, which guarantees heat resistance, strength and good noise insulation.
  3. facing with natural marble and travertine, which smooths out temperature differences and helps to maintain the most comfortable microclimate in the apartment.
  4. the closed territory of the complex is a mini—city (piazza) in the style of Old Europe with columns, stairs with balustrades, mini squares and fountains.
  5. the style of construction refers to the American skyscrapers of the first half of the XX century, for Cyprus this is the most unusual and original solution.
  6. the most developed infrastructure Ararat Grand Residences really allows you to live as comfortably as possible without regular trips to the city.
  7. separate access ramp for guests.
  8. closed underground parking for the residents of the complex.
  9. guarded fenced area.
  10. most of the apartments occupy the entire floor.
  11. the presence of an 8-bedroom six-level penthouse (5 floors plus a roof garden), Cyprus has never seen such luxury!

It is worth noting one important detail: the prices of apartments and penthouses. Despite the highest level of comfort, aesthetics and service, the price per 1 m2 ranges from 11 to 15 thousand euros. And this is in the most prestigious area, on the embankment of Limassol!

In addition, there are very few apartments in the Ararat Grand Residences: only 16, not counting the penthouse. This is the only club-premium segment project from CDA, which the developer is extremely proud of. There are only two apartments left for sale in the complex.

Finally, it is worth telling about the services and infrastructure of the entire complex, including the area on the ground floor called "piazza". Let's start, perhaps, with it.

The Piazza is a gentrified walking area with shops, restaurants and other establishments, as well as several separate patios that are part of the restaurant. On the "streets" of the piazza you can find a cigar lounge bar, caviar bar, a delicatessen hall, a heated semi-Olympic swimming pool, a swimming pool in an artificial cave, a wine boutique, a tennis court, a gym and much more.

Inside the Ararat Grand Residences complex, the infrastructure includes:

  1. two restaurants on the 5th and 9th floors (CDA Group promises in the near future to reveal the name of the Michelin-starred chef, a real icon of gastronomic science, according to the company, who will manage all restaurants, bars, caviar-bar and cigar lounge)
  2. SPA center on the 13th and 14th floors with swimming pool and sea view
  3. beauty salon, cryosauna, massage rooms
  4. three types of baths: sauna, hammam and Roman baths with a bar
  5. laundry services, flower delivery, food and drink delivery, car rental
  6. on the ground floor there is a two—level chic lobby with concierge service, security, apartment maintenance and rental services.

Well, for those who need to go to the city on business, for example to Limassol, you can easily get to it by car. In just 10-15 minutes you will reach the city center, and in 40 minutes you can easily reach any airport in Paphos or Larnaca.

Now a few words about other projects.

Westminster Residences is the seaside pulse of life

The newest project from CDA Group is Westminster Residences, comfortably located in the most elite part of the Germasogeia, Limassol. Construction will begin in the near future.

The location of the complex is as good as possible. This is about the geographical center of the city, while the low-rise building in front of the complex offers an unobstructed view of the sea. In general, panoramic windows are a feature of elite Cypriot real estate, it allows you to get maximum freshness and space inside the apartment.

The Westminster Residences complex will consist of three buildings and a closed green area. The height of one of them will be 19 floors, the other two will be located in a mirror and have 5 residential floors each. In total, the complex will have 88 apartments, including a 6-bedroom three-level penthouse.

The whole building will be made of brick, and the cladding of the building will be made of natural marble and travertine. These characteristics will create the most comfortable microclimate in the apartments. It won't be too hot in summer, and it won't be cold in winter. In addition, the task provides excellent noise and moisture insulation.

Also, the apartments will have high ceilings 3.15 meters each, which will allow future residents to feel complete freedom in every room. By the way, about the number of rooms. The complex has a wide variety of all types of apartments from studios to 5-bedroom townhouses.

The arrangement of bathrooms deserves special attention. Bidets will be installed in them (which is a rarity in Cyprus), as well as a special air conditioning system.

For the convenience of residents, two parking lots are provided at once indoor and outdoor for 96 cars.

In addition, the services of future homeowners in Westminster Residences:

  1. semi-Olympic outdoor swimming pool
  2. gym
  3. sauna and hammam
  4. restaurant
  5. barbecue area from 2nd to 7th floors (in the central building of Regent Place)
  6. lobby and concierge service
  7. apartment maintenance and property management service.
Luxury apartments can be bought today, especially since the prices for them are simply incredible. The cost of 1 m2 is 7.5-9.5 thousand euros! Which is extremely beneficial for this segment of real estate.

Belgravia Residences Victorian luxury through the ages

Another striking project from Cyprus Developers Alliance is Belgravia Residences, located in Germasogia (Limassol). The first one is the Victorian style, which is so unusual for Cyprus that it is almost impossible to get a permit for such a development.

The excellent location and amazing architecture are not all that Belgravia Residences can boast of. Its main advantages include:

  1. a small number of residences only 24 apartments.
  2. the most comfortable microclimate in the apartments is achieved by installing the latest air conditioning systems, the presence of underfloor heating and high—quality wooden windows with double glazing.
  3. spaciousness the apartments have a ceiling height of 3.15 m, large windows and doors.
  4. finishing of apartments with expensive marble, parquet, availability of high-quality plumbing, furniture and household appliances.
  5. mosaic swimming pool in a closed area.
  6. a chic lobby with concierge and 24/7 security.
  7. services of a fitness room, SPA area and sauna.
Separately, I would like to mention the 3-bedroom penthouse located on the 5th floor. Fully equipped, it includes an installed rooftop pool, a Jacuzzi inside, a fireplace and a private terrace of more than 100 m2.

Living in Belgravia Residences is not only luxury, but also accessibility.

The cost of 1 m2 in a residential complex starts from 5 thousand euros, which is considered simply amazing for elite-class Limassol real estate. It is worth noting that all the apartments in Belgravia Residences were sold out almost before the start of construction, the last one was sold in March 2017.

Many projects — one quality, one style

Cyprus Developers Alliance is in the phase of active promotion of several projects at once. We have not mentioned several more complexes of the same class as Belgravia Residences. You can get to know them better:

  1. Old Bridge Residences, Germasogeia
  2. York Residence, Agios Athanasios
  3. Holland Park Residences, Germasogeia
  4. Kensington Residences, Germasogeia.
All available objects for sale and rent are presented in the complexes.

If you like unusual style, the highest quality in all details, and are also looking for an object for foreign investment or a family home in a great location this is your option. Each of the projects is unique, and it is difficult to make a choice.

Have you decided to buy an apartment or a house in Cyprus? Contact DOM! The website offers a large selection of real estate - residential and commercial. Experienced agency specialists will be happy to help you make the right choice.

See also:

  1. Buying real estate in Cyprus for cryptocurrency
  2. Storage in the living room: 7 Inspiring Ideas for Cyprus Property Owners
  3. Elite Island Properties: Continuing Middle Eastern traditions in Cyprus
  4. First acquaintance with Larnaca
  5. Permanent residence in Cyprus
  6. Closer to the stars: what do the most luxurious penthouses in Cyprus look like
  7. Land Registry Department in Cyprus
Source: DOM
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