Ararat Grand Residences: Luxury Complex in Most Prestigious Area of Limassol

Ararat Grand Residences: роскошный комплекс в самом престижном районе Лимассола
8 November 2021 DOM LiVE
1031

In the eastern part of Limassol, next to Amara, Elias Beach and Grand Resort hotels, there is a new elite residential complex Ararat Grand Residences which construction is actively progressing.

The developer of the project is the CDA Cyprus Developers Alliance, which is known for original and very successful projects on the island - Belgravia Residences, Kensington Residences, Holland Park Residences,Old Bridge, CDA International Business Center in Limassol and Acropolis Family Residence in Nicosia.

According to Marios Pontikis, CEO of Atlas Everywhere, the excavation and foundation works, the frame of the building and columns up to the 21st floor of the main building have already been completed. In addition, the workers have completed masonry and cladding works up to and including the 17th floor. The developer carries out construction according to the schedule. And this means that if there are no force majeure situations, the new high-rise will be opened in July 2022.

Ararat Grand Residences:  роскошный комплекс в самом престижном районе Лимассола

As you may know, Ararat Grand Residences is a seafront elite residential complex in the area of Agios Tychonas in Limassol. The massive base of the building narrows proportionally upwards and is designed in the Art Deco style.

The high-rise will have 23 floors:

  1. A recreation area will be located on the ground level, which will smoothly turn into a restaurant with two private courtyards for residents and visitors of the commercial zone. There will also be a SPA with an indoor pool in the form of a cave, a sauna, a hammam, massage rooms, a beauty salon, as well as a jewelry salon, a wine cellar and a cigar lounge, made according to the highest international standards.
  2. First and second floors - there will be a tennis court, a 25x10 meter semi-Olympic swimming pool, a bar, a children's pool and a recreation area.
  3. There will be residential apartments on 3-4 floors.
  4. 5th-6th floors - there will be a gym, sauna and Roman baths with a bar for residents.
  5. 7-12 - residential apartments.
  6. 13-14 - a two-level restaurant and a Sky Garden with panoramic sea views.
  7. 15-18 - residential apartments.
  8. 19 - 23 floors there will be a 5-level penthouse with an elevator, a fireplace and a huge overflow pool with a terrace on the top level, from where a stunning panoramic view of the sea, mountains and the city will open.

The project also provides underground parking for residents, a guarded fenced area with 24/7 video surveillance, concierge service and reception.

It should be noted that 70% of the apartments in the high-rise have already been sold. The project is completely self-financed, without attracting investors or third parties, loans, mortgages or any other encumbrances, which ensures its viability. 

The building will be lined with natural polished travertine. The project has an energy efficiency Certificate of class "B— - the highest class for buildings of this type (class "A" can only be assigned to buildings that generate electricity from solar or wind energy).

ARARAT Grand Residences offers a unique opportunity to invest in real estate, using many key features that can be used or that will improve any highly liquid investment portfolio.

Ararat Grand Residences: роскошный комплекс в самом престижном районе Лимассола

Find out more information about ARARAT Grand Residences, or get a list of all available apartments for sale.
The DOM website has more than 20,000 real estate properties in Cyprus. Choose and contact professionals who will help you make the right choice!
Source: inbusinessnews.reporter.com.cy
Photos: inbusinessnews.reporter.com.cy
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