Limassol Marina

Limassol Marina is the first integrated residential and superyacht marina complex in Cyprus, located in the heart of Limassol and a 2-minute walk from the city centre. A total of 285 homes are divided into 7 clusters (Castle Residences, Island Villas, Peninsula Villas, Nireas, Dioni, Thetis, Nereids) surrounding a 650-berth marina for yachts up to 110m. The project is ready for handover, with 90% currently sold.

The marina is one of only 5 marinas worldwide to receive the 5 Gold Anchor Platinum Award – the highest in the international rating system for marina services and amenities. The Blue Flag status recognises the quality of the marine environment. Limassol Marina is an official port of entry for the European Union and holds an Energy Performance Certificate Class A.

Limassol Marina Features

There are currently 3 apartments remaining in Castle Residences and 2 villas in Island Villas. Castle Residences is an apartment building with artificial island architecture, surrounded by water on all four sides. The remaining units feature 3-4 bedrooms, interior floor area of 182-213 m², total built area of 248-287 m², and include a private sundeck or pool spa. Prices range from €4,100,000 to €6,200,000.

Island Villas is a cluster of villas situated on an artificial strip of land, with each villa featuring a private berth or water-space – a unique feature allowing yachts to be moored directly behind the property. Villa 54 (4+2 bedrooms, 644 m² plot, 511 m² total area, 3 berths: 20m + 15m + 15m) is priced at €9,600,000. Villa 85 (3 bedrooms, 229 m² plot, 239 m² total, 2 berths: 15m + 12m) is priced at €3,900,000.

The entire Limassol Marina complex features two main architectural designs: modern apartments at Castle Residences (a 7-floor tower surrounding a central pool) and traditional Cypriot-Mediterranean style villas in the Island/Peninsula clusters, featuring tiled roofs, arches, terraces, and pergolas. Every villa and apartment features floor-to-ceiling glass doors and spacious terraces.

Marina – The Investment Case

The 650-berth marina system serves yachts up to 110m, with a 100-tonne travel lift for maintenance and light repairs at the on-site boatyard. Harbour master services, yacht concierge, brokers, fuel station, and chandlery operate 24/7. The internal dining and shopping area includes international restaurants, a beach bar, cigar lounge, wine bar, and designer boutiques.

Additional amenities: world-class gym and spa with an outdoor pool, a cultural centre recognised as a heritage site, and a marina square hosting annual events. Private sandy beach within the complex. Limassol Marina is approximately 2-3 km from Limassol Port (the largest commercial port in Cyprus), 70 km from Paphos International Airport, and 65 km from Larnaca International Airport, each about a 45-50 minute drive.

Cybarco – the developer

Cybarco Development Ltd was established in 1945 and is a member of the Lanitis Group – one of the oldest and most prestigious economic groups in Cyprus. Cybarco is the leading developer of high-end real estate on the island, behind iconic projects such as Trilogy Limassol Seafront, Akamas Bay Villas, Aphrodite Hills Golf Resort, Sea Gallery Villas, and The Oval. Limassol Marina is Cybarco's first marina-residence project and also the first superyacht marina in Cyprus. Detailed profiles on Cybarco and the full project portfolio can be viewed on the developer's homepage.

Cyprus Permanent Residency Programme

To qualify for Cyprus Permanent Residency under Regulation 6(2), investors must purchase a new property (first sale) with a minimum value of €300,000 excluding VAT. All remaining units at Limassol Marina (€3,900,000 and above) far exceed this threshold. The application must prove an annual income from sources outside Cyprus of at least €50,000 for the main investor, plus €15,000 for a spouse and €10,000 per dependent child. The entire investment capital must be transferred from a personal account abroad.

Fast-track processing typically takes 2 months. Permanent residency is valid indefinitely, does not require renewal, and only requires entry into Cyprus at least once every 2 years. The application includes the spouse and children under 18, and children aged 18-25 if they are in full-time education and financially dependent. Cyprus is a member of the European Union.

Tax Structure

According to official announcements from Cybarco, apartments and berths at Limassol Marina are subject to 19% VAT, while the villas are exempt from VAT (as they have passed the 18-month “first use” threshold under the Cyprus VAT Law 2026 – the villas were completed in 2021). Some units may be eligible for reduced VAT if they meet specific primary residence conditions for the client; the reduction depends on each individual case.

Important note: since 2023, the 5% reduced VAT in Cyprus applies to the first 130 m² for apartments with a value ≤€350,000 and a total transaction ≤€475,000. The remaining Castle Residences and Island Villas all exceed the price threshold and therefore do not qualify for the 5% rate. Clients should consult a tax advisor before deciding on the transaction structure.

Common payment terms: 70% upon signing the contract, 30% upon handover – all remaining units are ready to move in. The value of furniture is not included in the listed price. A non-refundable reservation deposit of €20,000 is valid for 1 month.