The Limassol marina will be expected to be ready by October 2012

The construction of Cyprus new marina at Limassol is progressing well and is expected to be ready to receive yachts in October 2012. With Limassol Marina, Cyprus is destined to become the most exclusive waterfront development in the Mediterranean and one of the finest in the world.

Famous for its happening atmosphere and welcoming hospitality, the sparkling city of Limassol is only a few hours flight from most European cities. The new marina will be a collection of well-designed residences and state-of-the-art marina with top class restaurants and shops, creating a lifestyle exclusively coined by the term living on the sea.

Demetris Christofias, The President of the Republic of Cyprus has laid the foundation stone of the new Limassol marina which was attended by the town’s officials and other dignitaries. Construction work on the Limassol Marina is already is on the move and progressing rapidly. The marina project is one of the largest in Cyprus and aims to promote Cyprus position on the map as a quality tourist destination and should be ready to accept its first vessels in the autumn of 2012.

Despite the general slump in the property market, sales are excellent. The first units to be delivered in about 2 years time will be the nine blocks of apartments known as the Nerieds (sea nymphs). Prices for one bedroom apartments start at €450,000 and two bedroom €800,000 and many of them already have been sold to Russian, European and Arab investors.

With an estimated cost of €350 million, other plans for the marina complex include boutiques, restaurants, cafes, shops and conference space, all with the aim of attracting more high-end tourists to the island and a bigger share of the Mediterranean yachting market. The marina will be expected to be ready by 21st October 2012 and will able to accommodate around 600 craft of various sizes.