New Luxury Development in Famagusta, Cyprus

Modern 3-bedroom apartment on the ground floor in a new development located in a quiet residential area of Deryneia, within walking distance of local taverns, shops and amenities, and just 5 minutes drive from the beautiful beaches in the popular village of Kapparis.

Luxury 2-bedroom apartment on the 2nd floor in a new development located in a quiet residential area of Deryneia, within walking distance of local tavernas, shops and amenities, and just a 5-minute drive from the beaches in the popular village of Kapparis.

For those who enjoy an active lifestyle, a new development is being built on a 5,000 m² site, consisting of two blocks with terraces. The complex will include 11 shops and offices. A wide selection of apartments is available for comfortable living: studios, 1-bedroom, 2-bedroom, 3-bedroom units and penthouses. The new project will be located in the heart of Famagusta, situated between two central city streets, close to public transport infrastructure. This project is an ideal investment opportunity due to its advantageous location, near the Eastern Mediterranean and Ada Kent Universities. Since rental rates in the Sakarya area are 20% higher than in other areas, this presents a significant advantage for investors in generating annual income. Completion date: July 2023

The development includes 9 blocks. Each block has 10 floors with 9 apartments per floor (3 studios, 3 1-bedroom, 3 2-bedroom). The top floor has 3 penthouses. Amenities: 500 m² shared pool water park and playgrounds sports facilities (basketball court, tennis court, soccer field) supermarkets clothing stores cafes and restaurants parking spaces: outdoor and underground cinema and pharmacy. The grounds are gated. A shuttle service runs from the complex to the sea and casino. The development features a Venice-style canal where you can travel by gondola. Deposit: 5,000 GBP; first payment 35%. Blocks 1, 2, 3 completed June 2025; installment plan over 36 months (all functioning amenities handed over at stage 1). Blocks 4, 5, 6 completed June 2027; installment plan over 60 months. Blocks 7, 8, 9 completed 2029; installment plan over 84 months.