Noble quality residences in Northern Cyprus
It’s a hotel-apartment complex in Famagusta, Cyprus, the Mediterranean’s third-largest island. It is situated in the south of Turkey. The island is a popular tourist destination, attracting more than 2 million visitors each year from all over the world.
Cyprus’ tourism industry is a key source of revenue for the country, and it has had a significant impact on the island’s culture and multicultural development throughout the years. It accounts for 10.7% of the country’s GDP and supports a large number of jobs. This contributes to its status as a popular investment destination.
The project is mostly based on the concept of vacation homes. It is made up of five blocks that are divided into three stages: the first is complete and ready to be delivered, while the second and third will be completed in 2022 and 2024, respectively. The project covers a total area of 44,000m2 and consists of 1000 units divided over five buildings.
The project consists exclusively of 0+1, 1+1, and 2+1 apartments ranging in size from 56 to 130 m2.
The project is a promising investment prospect as it provides comfortable, fully furnished summer houses for rent, particularly during peak seasons. Furthermore, for purchases made with cash, the project management guarantees a 4-year rental income guarantee with an annual return of 8%.
It is near to the beach and contains all of the necessary social amenities to ensure its residents fantastic Mediterranean vacations.
The interior design of the project used high-quality materials in a contemporary style. The included furniture bears the Fabello signature, which is a well-known Italian brand.
1+0 bedroom – min 56.00 m² – starts from 74.000$
1+1 bedroom – min 71.00 m² – starts from 109,000$
2+1 bedroom – min 120.00 m² – starts from 159.000$