Blog
The Changing Face Of Cyprus
September 18, 2020
It is impossible to miss the glossy billboards on the highways and on the outskirts of every city in Cyprus, all advertising the high-end developments that are changing the skyline.
Undoubtedly, this latest real estate boom has impacted Limassol the most. Limassol Marina, with an overall cost exceeding €400 million, is home to numerous super-yachts berthed in front of luxurious villas and apartments with their own access to the beach. To the east of the Marina, the skyline is filling up with the towers, each combining residential and commercial features. And let’s not forget one of the most interesting projects in Limassol: Melco’s City of Dreams Mediterranean, the largest integrated casino in Europe. The €500 million project will create an estimated 4,000 local job opportunities during the construction phase and approximately 2,500 permanent jobs once it opens, and it is expected to attract 300,000 additional visitors to the island each year.