Saturation with modern buildings is the distinctive side of Cyprus Limassol. Many people are not averse to buying a new building, secondary housing or commercial real estate here. Do you know who creates the buildings of the busiest city in Cyprus?
The key developers of Limassol are reliable and well-known companies that have long established themselves both among the local population and among foreigners, especially Russian-speaking ones. As a rule, their projects are well known far beyond the island of Aphrodite and are in high demand.
Note that according to The Land Department, in June 2022, Limassol once again led the ranking in terms of the number of properties sold in Cyprus. At the same time, the most popular among investors in the city are objects with an average cost of 300 thousand euros. Just this amount is proposed to invest in Cypriot new buildings in order to get into the "permanent residence for the purchase of real estate" program, thanks to which you can get a permanent residence permit for the whole family within two months.
Among the most famous developers of Limassol are:
A veteran of the Cyprus real estate market with an impeccable reputation and a long history. Being a subsidiary of Lanitis Group, one of the most reliable Cypriot groups, has been operating since 1945. Cybarco has representative offices in Qatar, Kuwait, Bahrain, Greece, as well as one office each in Moscow and St. Petersburg. In Cyprus, the company is based in Nicosia, the remaining offices are attached to the developer's leading facilities in Limassol and Paphos.
The company mainly specializes in luxury real estate. Also actively builds commercial buildings, houses and apartments in the middle price segment.
Driving along the Limassol embankment, it is impossible not to notice the grandiose business center - The Oval. The unusual egg-shaped skyscraper was created during the joint work of Cybarco and the world-famous architectural firm Atkins.
Cyprus Venice — Limassol Marina project is the first complex combining elegant residential residences surrounded by the sea and having all the necessary infrastructure to the highest standards, luxury villas with their own berths, a harbor for super yachts, which has already managed to get into the top 5 of the prestigious 5 Gold Anchor Platinum Award. A two-bedroom apartment in this complex is currently estimated at 890 thousand euros. Exclusive villas cost from 2.6 million euros and above. Some of the company's houses can be rented.
For 45 years, the company has significantly influenced the formation of the Cypriot landscape. Today, the developer is building residential real estate in Limassol, Paphos and Polis. Offices are located in Cyprus, Greece, China, Russia, Vietnam, Switzerland. The developer builds houses, apartments, as well as commercial real estate in various price segments. Pafilia pays special attention to the after-sales service, which is handled by a specially created subsidiary.
Rich experience in real estate, the highest level of service, as well as a voluminous portfolio, which includes two advanced residential complexes in Cyprus — One Tower in Limassol and Minthis in Paphos - have brought Pafilia more than 39 international awards.
The company was founded in the early 1980s and today it is one of the fastest growing and reliable developers in Cyprus. In total, Aristo has implemented more than 265 projects. It mainly offers functional and elegant houses and apartments in Paphos and Limassol.
Villas under construction next to green golf courses are sold at a price of 430 thousand euros. For about the same money, you can buy a three-bedroom apartment in the tourist area of Limassol in Aristo Paradise.
Away from the hustle and bustle on the territory of the famous village Pyrgos is a new residential complex Limassol Star with its own tennis court, garden and swimming pools. It is only a 10-minute drive from the center of Limassol.
Founded in 1980, D. Zavos Group has created a revolutionary concept in the field of real estate and urbanism in Cyprus. Based in Limassol, the company offers its clients residential and commercial projects throughout the island. D. Zavos Group offices are located in Cyprus, Jordan, Lebanon, the UAE, the UK and Russia.
The most famous building is Del Mar Limassol on the coast in the Germasogeia area of Limassol. This is not just a residential complex, it is the center of the center of Limassol gloss and idleness. Boutiques, trendy restaurants and galleries will not make you bored in the sultry Cypriot summer. More budget options in the Omonia district close to the city center in the Sunset Court business class house under construction.
For more than half a century, Leptos Estates has been one of the largest landowners in the Mediterranean. The company consists of a number of real estate developers, including Pandora Investment Ltd., a private company engaged in tourism, land development and investments.
The elegant buildings of Leptos meet the requirements of the most demanding real estate buyers. You can choose from townhouses, penthouses and apartments in Limassol, Nicosia and Paphos, as well as villas in small coastal villages.
The Blu Marine Limassol project, which has already become famous, is located on the shore in the western part of Limassol. The complex consists of three ultramodern residential towers, which will consist of 33, 29 and 5 floors.
Residents will enjoy a wide range of world-class services, including concierge, property management, the latest technologies inside the apartments, spa, beauty and wellness services inside the residential complex, an indoor heated pool and secure underground parking. The cost of apartments varies from 650 thousand euros to 4.5 million euros. Secondary real estate from a popular developer is also widely represented.
Pay attention to the Eden Beach Apartments, located next to the famous Molos Sculpture Park. In Eden, you can both rent and buy apartments with sea views. Residents have everything they need: concierge service, a small gym and a rooftop pool.
In the early 90s Cyfield started its activities in Cyprus as a development and construction company. Over time, it has grown into an integrated group that occupies a key place in the construction industry. Today, its tasks include the purchase of land, design, construction, marketing and offering a full range of residential and commercial real estate.
Cyfield covers the rapidly growing demand for small houses and villas, apartment buildings and luxury high-rises with functional and modern design. Her clients include both the local population of Cyprus and foreigners. The company also has an office and projects in Greece and Egypt. In addition, it is actively developing the energy sector, which, of course, has a positive effect on the quality of energy efficiency of its projects.
The Arc Ship high-rise residential complex in Limassol is equipped with the latest technology: a smart home system, underfloor heating, an air circulation system and sound-insulating double-glazed windows, energy production using photovoltaic panels that ensure minimal consumption.
The ultra-modern Limassol Hill complex, consisting of two apartment buildings, is located in the hills of the Agios Athanasios district. Prices here start from 298 thousand euros and then differ depending on the area and configuration. Like other modern Syfield projects, the houses have Class A energy consumption certificates and are distinguished by an unsurpassed design.
The Property Gallery Developers & Constructors Ltd has been working in the Cyprus real estate market for about 20 years. At the moment, the company is successfully building 40 residential and commercial real estate in the most interesting places near Limassol, including in an ancient village with magnificent views of Pissouri and the mountain Platres.
P.L. Property Gallery Developers & Constructors Ltd has managed to gain an impeccable business reputation and recognition of the professional community. A vivid confirmation of this is 36 international awards at the prestigious International Property Awards competition, as well as membership in the FIABCI Association and the Cyprus Chamber of Commerce and Industry.
They are the ones who are working on the first residential project of the famous French designer Philippe Starck in Cyprus — Yoo Limassol by Philippe Starck. The luxury project has a unique concept — "A city within a city": the residential complex has everything you need for an interesting and busy life, business, sports, entertainment and children's activities.
The Platres Holiday Homes project in the style of Alpine chalets, located in Platres, will not leave you indifferent. In the mountains near Limassol, it is cool even in the scorching summer, it is surprisingly beautiful in spring, autumn, and in winter at Christmas in Platres you can see real snow.
The award-winning DTA Group of Companies based in Limassol has focused its activities on the development of residential and multifunctional real estate in the most attractive locations near Limassol.
Based on more than 35 years of experience and innovative developments, DTA projects meet the highest requirements. These are high-rise buildings, apartments, villas, houses, commercial and infrastructure works carried out by the group's construction division. In each project, special attention is paid to environmental responsibility and design aesthetics.
The company has developed an incredibly beautiful Guru Mountain Resort. It will be located on the slopes of the village of Platres. This is a luxury hotel with the opportunity to purchase apartments in the property.
Many have seen the turquoise iHome at the entrance to Limassol. This is a condominium of two towers with a height of 87 and 75 meters, consisting of exquisite apartments, duplex residences and penthouses, distinguished by their originality and attention to detail.
One of the leading developers and developers of residential and commercial real estate in Cyprus — Prime Property Group — was founded in 2003 and today is building projects in Limassol, Paphos and Nicosia. The company's portfolio includes premium class properties: apartments near the sea and in the city center, villas and mansions with sea views, commercial real estate.
The developer uses modern materials and technologies in his work and adheres to the highest standards. Each object is rented to the client with an original branded finish. At the same time, prices for apartments under construction in Limassol start from 200 thousand euros, and average prices are 400-500 thousand euros.
Among the latest developments of the developer Matisse Residence is a magnificent project in the heart of the elite Germasogeia area in Limassol. Each apartment and penthouse is distinguished by thoughtful layouts, functional design and panoramic windows.
The developer's most instagrammable building is Marco Polo Limassol — a new ultramodern 12-storey complex on the seashore in the Pereklish area.
Crona Group is a group of companies that provides a full range of development services for construction: from project development to their implementation. The company has been operating in the Cyprus real estate market for more than 15 years.
In the portfolio of Crona Group there are a lot of high-quality built objects, including premium class. Among the most interesting are the Park Tower Limassol in the Pyrgos area of Limassol. The building stands out favorably against other similar buildings in this part of the city.
The 11-storey club-type complex is located in one of the most suitable places for a relaxed life in all of Cyprus. Park Tower includes 1 penthaus and 19 residences, each of which has 2 parking spaces. The complex combines all the advantages of the best construction projects and is, without exaggeration, the best in Cyprus among the Deluxe class.
An equally high—quality project of the company is Dasoudi Residence in the Germasogeia area. The residential complex consists of 22 modern apartments, including 3 penthouses with roof terraces. The complex has everything you need for a comfortable pastime: gym, sauna, swimming pool and barbecue area.
The company was founded in 2004 and specializes in the construction of commercial and residential facilities in Limassol. In her projects, she focuses on modern design and green technologies, has been repeatedly awarded European prizes for the best architectural projects of the year.
Apartments and penthouses in the elite residential complexes Icon, Picasso, Buena Vista have become a prestigious and comfortable investment for numerous foreign buyers. By the standards of Limassol, the cost of this developer's space is average, since the company adheres to the philosophy of increasing the value, not the price of housing.
One of the most recognizable high—rise buildings in Cyprus - The Icon — offering residences from 1 to 4 bedrooms with panoramic views of the Mediterranean Sea. In this chic building, you can rent fully furnished apartments, and, if desired, purchase them. Prices range from 700 thousand euros to 2 million 733 thousand euros. The Icon provides hotel-style accommodation, with 24-hour service, cleaning of the residence at any time of the day, chauffeur services and so on. The gym on the 11th floor of Icon is one of the most coveted and discussed in the city, equipped with technogym of the latest generation.
If the Limassol embankment seems noisy, there are other options. Located in a quiet location in the hills of Panthea, the elite Barbican Heights has 20 3-bedroom apartments, as well as large covered and enclosed verandas that offer views of landscaped gardens and mountains. Each of the apartments has wooden floors, European-quality kitchens, large double-glazed windows and doors, functional household appliances.
Since 2015, the Lebanese developer Plus has been erecting functional modern buildings in Cyprus in various price segments. In total, the company has implemented 58 projects in premium locations on the island. Despite the fact that there are only 12 projects in Limassol, we decided to include the company in the list. A one-bedroom apartment from a developer in Limassol will cost only 180 thousand euros, and a new two-bedroom penthouse in the central district of Neapolis costs about 500 thousand euros.
Not so long ago, DOM published an interview with the head of the company, Georges J. Chehwane, where he spoke in detail about the business and features of the real estate market on the island.
The CDA Group of Companies has been in existence since 2009 and is one of the largest players in the Aphrodite Island real estate market. In 2010, the group created the CDA Cyprus Developers Alliance, a structure that promotes and sells real estate developers of the Alliance. Currently, there are 43 developers in this constellation, and the Alliance's portfolio contains more than 9,000 real estate properties throughout Cyprus and all market segments.
In the area of Agios Athanasios there is a 4-storey residential complex of York Residence apartments, which consists of 4 duplexes and a penthouse. Modern elegant architecture, thoughtful layout of apartments and high-quality finishing materials will not leave anyone indifferent who appreciates style and comfort.
Limassol Club Residential complex Ararat Grand Residences is an elite residential complex located on the first line in the area of Agios Tychonas. The project consists of 24 floors and 17 residences. The building, made in the Art Deco style, is completely lined with natural polished travertine and ivory marble. This is not only aesthetics, but also internal temperature comfort at any time of the year: in combination with supply and exhaust ventilation with a heat exchange system, which simply did not exist in Cyprus before.
DOM also wrote in detail about this company in an article.
We have introduced you to the brightest developers of Limassol, whose reputation is strong. As you can see, they are all united by the desire to build truly luxurious buildings that fully correspond to the spirit of the times and organically fit into the soft and calm landscape of the Mediterranean.
Interested in buying a property in Cyprus? Welcome to the DOM website! Here you will find options for houses and apartments in Limassol, Paphos, Larnaca and Famagusta, as well as get the help of experienced specialists.
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- The story of Plus Properties in Cyprus
- Why Cypriot new buildings are better than secondary ones: TOP 8 reasons
- Permanent residence in Cyprus
Photos: DOM, pixabay.com