TOPCY 46 – Zakaki, Limassol

TOPCY 46 is an apartment building in Zakaki, Limassol, developed by Topcy Construction & Development, consisting of 13 one-bedroom apartments spread over 2 floors. The project is clearly positioned for the investment market: the starting price of €320,000 is just above the Cyprus PR threshold, and the location of TOPCY 46 is close to Limassol's new tourist attractions and employment hubs.

Zakaki is the fastest-developing area in Limassol thanks to the City of Dreams Mediterranean – the largest casino resort in Europe operating since 2023, combined with the nearby Limassol Marina and Limassol Port. Topcy has a cluster of many projects in Zakaki (TOPCY 21, 22, 23, 27, 28, 40, 45 – most of which are sold out), demonstrating the developer's deep experience in this area.

TOPCY 46 Features

TOPCY 46 is a 3-storey apartment building (ground floor for lobby + parking + storage, 2 floors of apartments above, plus a roof terrace with greenery on top).

• First Floor (7 units): units 101, 103, 104, 105, 107 are currently for sale; units 102 and 106 are sold. Each is a 1-bedroom, 1-bathroom unit with 50-51 m² of covered interior area, 7 m² covered veranda, 12 m² parking, and 5-8 m² storage. Total area 75-78 m².
• Second Floor (6 units): units 201, 203, 204, 205 are currently for sale; units 202 and 206 are sold. Similar structure to the 1st floor, except unit 202 has a large 51 m² uncovered veranda (sold). Total area 75-77 m².

Each apartment at TOPCY 46 has 1 covered parking space and 1 private storage room on the ground floor. The building has a private lobby and a secure mailbox key system.

The facade architecture of TOPCY 46 combines exposed concrete and oak panels for balcony railings, large glass windows, and vertical sunshades that create rhythm for the elevation.

Zakaki – the investment case

Zakaki is located in western Limassol and is one of the fastest-developing areas in Cyprus in recent years. This area benefits from:

• City of Dreams Mediterranean Casino Resort (operating since 2023) – the largest casino resort in Europe, creating thousands of jobs and a stable volume of international tourists year-round
• Limassol Marina – nearby high-end marina
• Limassol Port – the largest gateway for trade in Cyprus
• A1 motorway connecting Limassol with Nicosia and Larnaca

Larnaca Airport is approximately 60 km from Zakaki – a 45-minute drive via the A1 motorway. Paphos Airport is approximately 60 km to the west.

Topcy Construction & Development – the developer

Topcy Construction & Development Ltd was established in 2016 in Nicosia and has developed over 40 real estate projects with more than 200 units across three major cities in Cyprus. In Zakaki alone, Topcy has completed and sold out 7 previous projects (TOPCY 21, 22, 23, 27, 28, 40, 45), demonstrating a strong sales track record and deep development experience in the area.

Cyprus Permanent Residence Programme

TOPCY 46, with a starting price of €320,000, fully meets the minimum investment threshold of €300,000 (excluding VAT) for the Cyprus Permanent Residency programme under Regulation 6(2). Each apartment is a new property from the developer – a requirement of the PR programme.

The buyer, along with their spouse and children under 18 (or students under 25), can obtain permanent residency within 2-3 months via a fast-track process. Permanent residency is valid indefinitely, requires no renewal, and only requires entry into Cyprus at least once every 2 years.

Tax Advantages and Yield

A reduced VAT rate of 5% (instead of the default 19%) applies to the first 200 m² when purchased as a primary residence. In cases where the property is purchased for rental, the 19% VAT may be refunded according to regulations.

Note: Cyprus is expected to join the Schengen Area in 2026 – an event that will significantly increase property values and freedom of movement for holders of Cyprus permanent residency. Zakaki has a very vibrant short-term rental market thanks to the City of Dreams Casino – tourists and casino staff create stable rental demand year-round. This is a suitable location for buyers looking to combine Cyprus PR with holiday rental income.