Atlantis Property Development In Famagusta

Last Updated on: 2nd November 2024, 05:27 am

The Atlantis Property Development in Famagusta is a standout opportunity in Cyprus’ dynamic real estate market, catering to both modern living and investment aspirations. Nestled in a scenic locale near pristine beaches, this development harmonizes contemporary architecture with luxurious amenities, making it an ideal choice for homeowners and investors alike. Offering a variety of one, two, and three-bedroom apartments, the project is positioned to deliver exceptional value as Famagusta continues to attract attention in the realm of real estate investment. With the rising property values in North Cyprus and a low-tax regime creating a favorable environment, the potential for lucrative investment opportunities in Famagusta is substantial. Explore more about this promising project through Atlantis Development, where luxury meets investment potential.

Key Takeaways

• Atlantis project offers a range of luxurious apartments, catering to diverse homeowner needs.
• Famagusta’s location near beaches enhances its appeal for living and investment.
• North Cyprus benefits from a growing economy fueled by tourism and real estate.
• The low-tax regime makes North Cyprus a compelling destination for property investors.
• High rental yields in Tatlisu indicate attractive returns for real estate investors.
• Year-round sunshine and rich culture enhance the lifestyle in North Cyprus.
• Luxify Investment provides unique opportunities for property tours and investing.

Overview of Atlantis Property Development

The Atlantis development project signifies a pivotal advancement in property development in Famagusta. This venture encompasses five unique apartment blocks, each demonstrating a commitment to modern design through its architectural features. With its close proximity to a private beach, residents will benefit from luxury living seamlessly intertwined with convenient access to recreational spaces.

Introduction to the Atlantis Development Project

Developed as part of a transformative initiative, this project aims to redefine construction in Famagusta. The site’s coordinates, 35°21’51.9″N 33°40’32.3″E, highlight its strategic location. Residents can look forward to quick occupancy, as completion is anticipated by June 2023, offering additional convenience for potential homeowners. The project balances modern urban living with the picturesque allure of coastal views.

Location and Technical Specs

Incorporating premium quality finishes, each apartment spans between 60 sqm and 100 sqm. Terrace sizes complement these living areas, ranging from 35 sqm to 70 sqm. This comprehensive planning ensures that every unit maximizes space while offering stunning panoramic views of the Mediterranean Sea as well as mountainous landscapes. The Atlantis development project stands as a benchmark for property development in Famagusta due to its superior design and ideal location.

Architectural Features and Design

Exemplifying a commitment to modernity, the architectural features of this project highlight innovative craftsmanship. Each apartment comes equipped with essential amenities, including underfloor heating in bathrooms and private outdoor spaces with barbecue areas. Additional details emphasize enhanced comfort, such as heat and sound insulation, ensuring that residents experience optimal living conditions. Community facilities integrate seamlessly into the landscape, promoting a lifestyle that transcends typical residential offerings in Famagusta.

Learn more about the transformative history of the Atlantis development, showcasing its evolution and ongoing impact¹.

Investment Opportunities in Famagusta Real Estate

The Famagusta property market is currently thriving, presenting numerous investment opportunities in Famagusta. Known for its captivating coastal views and vibrant community, this area attracts many investors seeking valuable real estate. The variety within the market caters to diverse preferences, with competitive pricing that makes it an appealing option for buyers.

Famagusta Property Market Overview

A noticeable increase in property sales to foreign buyers reflects the growing interest in Famagusta. Strong demand for real estate, especially in coastal areas, has resulted in improved property values. Notably, the average price for a 50-70 m² apartment in this desirable region typically ranges from €80,000 to €140,000, while villas usually cost between €200,000 and €400,000². Investors from various backgrounds can benefit from the yearly rental income opportunities, with expected yields ranging from 6% to 12% of the property price annually².

Why Invest in Atlantis Development?

Investing in the Atlantis Development not only provides access to the flourishing Famagusta property market, but also guarantees a host of amenities and stunning views. The project is backed by the reputable Carrington Group, renowned for its excellent property management services³. Furthermore, investors can expect a robust annual return of 8%, creating a financially attractive investment prospect³. This commitment to delivering high investment potential is enticing for those looking to capitalize on the growing demand within the region.

Potential Returns on Investment and Rental Income

Potential returns on investment in Famagusta are significant, with property owners enjoying stable passive income from rental yields. Average monthly rental rates for one-bedroom apartments are around €586.91, making it feasible for investors to secure consistent earnings³. The appealing climate and increasing tourism in the area enhance rental income opportunities, particularly for short-term rentals. As Famagusta continues to evolve as a prime investment location, taking advantage of these lucrative prospects proves to be a wise decision.

Modern Living with Sustainable Development in Famagusta

The Atlantis Property Development project exemplifies a commitment to sustainable development in Famagusta, featuring eco-friendly construction practices that align with the principles of environmental stewardship. The incorporation of sustainable materials and innovative design promotes energy efficiency, resulting in lower utility costs and a reduced ecological footprint.

Eco-friendly Construction Practices

With an emphasis on eco-friendly construction, this development utilizes materials that are sustainably sourced. Such practices help minimize environmental impact while enhancing the durability and aesthetic appeal of the buildings. The positive effects of these practices contribute significantly to the overall goal of sustainable development in Famagusta.

Community Facilities and Lifestyle Amenities

Community facilities play a vital role in lifestyle amenities, designed to provide residents with comfort and convenience. Amenities such as communal pools, yoga areas, and tennis courts encourage an active lifestyle while fostering a close-knit community. With cafes and retail spaces located nearby, residents enjoy enhanced quality of life, seamlessly integrating recreational areas into their daily routines.

Access to Beaches and Recreational Areas

One of the standout features of the Atlantis development is its proximity to beautiful beaches and recreational areas. Residents have access to stunning coastal views and can enjoy a mere three-minute walk to a private beach. Such accessibility to nature not only enriches the living experience but also promotes a healthier lifestyle, allowing residents to embrace the serene lifestyle that Famagusta has to offer.

For more insights on eco-friendly housing initiatives and construction practices, visit this informative resource⁴.

Conclusion

The Atlantis Property Development In Famagusta stands as a unique blend of modern living and investment opportunities that leverage both luxury and functionality. With its strategic location and commitment to sustainable practices, this development offers a compelling option for potential buyers looking to enhance their lifestyle and investment portfolio. Famagusta’s real estate market is evolving rapidly, making Atlantis a standout choice for those seeking to establish roots in this thriving region.

The architectural brilliance and modern amenities of the Atlantis project reflect a dedication to quality that appeals to both homeowners and investors. Nestled among Cyprus’ most picturesque landscapes, the property promises not only an enriching living experience but also potential for growth in a flourishing market. With the right strategy, investors can anticipate rewarding returns on their investment as Famagusta continues to attract interest from a global audience.

As interest in Famagusta’s vibrant real estate options grows, the Atlantis Property Development emerges as a significant player in shaping modern living in the area. For individuals seeking a balance between lifestyle and financial opportunity, the combination of quality housing and the allure of the local market positions this development as a premier choice. Don’t miss the opportunity to be part of this exciting venture where living meets investment potential⁵⁶⁷.

Source Links

1. https://en.wikipedia.org/wiki/Atlantis_Paradise_Island
2. https://www.luxurytravelmagazine.com/news-articles/northern-cyprus-an-ideal-location-for-investments-into-property
3. https://olinzki-group.co.il/en/projects/atlantis/
4. https://www.atlantis-press.com/article/125968231.pdf
5. https://en.wikipedia.org/wiki/Atlantis
6. https://www.history.com/news/top-6-theories-about-atlantis
7. https://www.livescience.com/23217-lost-city-of-atlantis.html