The construction of the first integrated casino resort in Cyprus is progressing rapidly.
The developer Melco International Development Limited announced recently that City of Dreams Mediterranean would open its doors to its first visitors by the summer of 2022.
Melco International Development Limited also shared an impressive drone video of the construction progress. The video provides an overview of the building exterior, as well as the visualization of City of Dreams Mediterranean after its completion.
“Construction work is progressing smoothly and, even though the COVID-19 outbreak has impacted our original timeline, we remain committed to this ground-breaking project, while staying focused on the delivery of the Melco standard of excellence. We aim to establish a unique destination, offering a premium entertainment experience to our guests, while creating real value for the country’s economy and society. City of Dreams Mediterranean is set to enrich Cyprus’ tourism landscape, attracting an additional 300,000 visitors per year to the island,” said City of Dreams Mediterranean and Cyprus Casinos Property General Manager Grant Johnson.
As you may know the City of Dreams Mediterranean Casino Resort is being built next to the New Port in Limassol (between the Akrotiri salt lake and the My Mall shopping center).
The casino will become part of a luxury hotel with 500 rooms. There will also be 136 gambling tables and 1200 machines. As well as a 9,600 m2 exhibition complex, a concert hall with 1,500 seats, a 4,000 m2 spa center, restaurants and entertainment clubs.
City of Dreams Mediterranean is the largest investment project ever undertaken in Cyprus. Its cost is estimated at EUR 550 million.
The Cypriot government hopes that City of Dreams Mediterranean will bring EUR 700 million (USD 828 million) to the island's treasury every year. This is 4% of the total GDP of the Republic of Cyprus.
More information about City of Dreams Mediterranean and a list of all available properties for sale and rent can be found here.