About Limassol Marina, Cyprus
Limassol Marina is Cyprus's most successful mixed-use waterfront development — a 650-berth superyacht marina surrounded by apartment towers, restaurants, and a retail promenade that has become Limassol's social focal point since opening in 2014. The city of Limassol itself is Cyprus's financial hub (home to the majority of the country's legal, accounting, and shipping firms) and has the island's most active expat professional community. Cyprus's EU membership, 12.5% corporate tax rate, and non-dom tax regime for foreign income make it one of Europe's most compelling fiscal residency destinations.
About Limassol Marina Developers (Marine & Real Estate Ltd)
Marine & Real Estate Ltd is the Cypriot entity that developed and operates Limassol Marina under a 50-year concession from the Republic of Cyprus. The company controls all commercial and residential development within the marina precinct, ensuring design coherence and operational quality across phases. Phases 1 and 2 are fully occupied; Phase 3 introduces the tallest towers in the marina (28 floors) with the most dramatic Mediterranean views.
Project Overview
Limassol Marina Towers Phase 3 delivers 180 residences across two 28-floor towers directly on the marina basin, with residents having direct access to the marina's facilities — a 220m quayside promenade, 14 restaurants, a 25m infinity pool, and priority berth allocation for superyachts. Units on floors 18+ have unobstructed views across the Eastern Mediterranean to the Lebanese coast on clear days.
- Direct marina-level access — swimming, boating, dining, from ground floor
- Priority berth allocation for residents with vessels (subject to size limits)
- Two rooftop pools on each tower (floors 26 and 27) with gym and wellness suite
- Cyprus residency permit on purchases above €300,000
- Concierge, valet, marina-side grocery and laundry services
- Rental management through LM's established short-term rental platform
Unit Types & Configuration
- 1 Bedroom — 75–100 sq m with terrace
- 2 Bedroom — 130–175 sq m with sea-view balcony
- 3 Bedroom — 220–280 sq m with wrap-around terrace
- Penthouse (4 bed) — 480–600 sq m with rooftop terrace and plunge pool
Pricing
One-bedroom units from €520,000. Two-bedroom units €850,000–1.4 million. Three-bedroom residences €1.5–2.6 million depending on floor. Penthouses priced from €4.5 million. VAT at 5% applies (reduced rate for primary homes for first buyers); stamp duty and transfer fees apply at standard Cypriot rates. Prices have appreciated 35% in the marina precinct since 2022 due to ongoing demand from Middle Eastern, European, and Israeli buyers.
Investment Verdict
Positives:
- Limassol Marina has demonstrated price resilience through Cyprus banking crises and pandemic; product scarcity in the precinct supports values
- Rental demand from shipping executives, legal professionals, and yacht crew is year-round — occupancy of 65–75% across 12 months
- Cyprus non-dom status is one of Europe's most generous for qualifying foreign income
Watch Points:
- Cyprus is not in the Schengen Area — EU residency does not grant visa-free travel to all EU states for non-EU passport holders
- Limassol's summer heat (38°C+) creates AC dependency that adds meaningfully to running costs