Cyprus' Ayia Napa Marina design debuts in Dubai
Published: Wednesday, 01 March 2017
The EURO220 million and mixed-use Ayia Napa Marina, situated on the southern coast of Cyprus has made its debut at the Dubai International Boat Show (February 28-March 4), ahead of then opening of the 600-berth marina in 2019, and details of a residential tower and villas releasing online in 2021.
(Images: Ayia Napa Marina)
Ayia Napa Marina’s presence at the show is part of a strategic marketing campaign across the Middle East which aims to spotlight the European marina’s appeal and the promise of high yields to international investors.
The dream and vision of the project’s partners Cypriot entrepreneur Gerasimos Caramondanis and Egyptian investor Naguib Sawiris, Ayia Napa Marina offers investment opportunities starting from €500,000 (approx. AED1.96 million).
Scheduled to be completed over the course of the next two years, Phase 1 of the two-phase project will feature marine works and infrastructure, including a full-service marina and boatyard.
Able to accommodate yachts up to 60m in length, the world-class marina will feature a total of 380 fully-equipped wet slips enhanced with berthing facilities, as well as an additional 220 spaces in a dry stack storage area for boats up to 10m in length.
Ayia Napa Marina is also equipped with a boat maintenance building and a self-propelled overhead crane with a negative forklift. In line with its commitment to the environment, Ayia Napa Marina has installed a hull-wash wastewater management system, which prevents any toxic particles and dissolved materials.
Overlooking the marina, the development’s twisting twin towers will feature 190 luxury one-, two-, three- and four-bedroom residences, and full-floor penthouse apartments at the top two levels. Twenty-nine luxury villas sit along privately secured roads on the marina island and the peninsula, with each lot including significant space for landscaped gardens.
In addition to the marine facilities and residential options, the planned Pyare Village will serve as the commercial centre and hub of the marina, boasting a waterfront with a pedestrian promenade, shops, cafés, restaurants and recreational activities.
Stavros Caramondanis, CEO of Ayia Napa Marina, said: “Ayia Napa Marina not only delivers exceptional homes in an iconic development, it also offers international investors a strong investment opportunity with significant anticipated returns on their purchases, whether that is a luxurious one or two-bedroom apartment, a penthouse, or one of our exclusive waterfront villas.
“Our presence at this year’s Dubai International Boat Show allows us to reach a greater pool of investors – specifically yachting and marine enthusiasts – who are looking at their next purchase, with the added benefit of gaining EU citizenship.”