Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M
Kanebridge News
Share Button

Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M

The modern five-bedroom villa is in the island’s popular Paphos district

By LIZ LUCKING
Sat, Mar 30, 2024 7:00amGrey Clock 2 min

A lavish and contemporary villa in Cyprus that sits right on sparkling waters of the Mediterranean Sea has hit the market for €3.19 million (US$3.45 million).

Villa 82, as it’s known, is set in a private gated community within the island’s Paphos district alongside one of the top beaches in the region, according to the property’s developer Leptos Estates, which brought the home to the market earlier this month.

Cyprus has become an increasing wealth hub, as it draws affluent migrants through its golden visa program. Its prime home values have benefited, with prices rising more than 7% in 2023, according to a report earlier this year from Knight Frank.

Leptos Estates

The three-story house boasts a contemporary interior, but while there are modern finishes and fixtures throughout, it also incorporates elements of Cyprus’s traditional architecture, including stone pillars, alcoves and polished marble flooring, according to the listing.

The open-plan hub of the five-bedroom home has a dining area, a sleek custom kitchen and a double-height living room. The space is lined with walls of windows taking in views that give the impression of the rooms floating on the sea.

It’s an “exquisite property,” and “offers a truly luxurious lifestyle,” said Pantelis Leptos, co-president of Leptos Group of Companies.

With “ample space for both relaxation and entertainment, the villa features a range of special amenities, including [the] spacious living room and a spectacular infinity pool that overlooks the Mediterranean Sea,” he added.

Outside, alongside the pool, are private landscaped gardens and large verandas for sunbathing.

Leptos Estates

Cyprus is “the perfect place to live and renowned for its fabulous beaches, which draw people from all over the world,” Leptos said. “There is so much to enjoy here.”

Paphos, meanwhile, ranked as the most popular tourist destination within Cyprus over the last two years, with 36% of all inbound travellers to the island visiting the coastal city between 2022 and 2023, according to a news release.

“With the increased level of tourism being experienced, Cyprus is well placed to provide opportunities for luxury living,” he said.



MOST POPULAR

The Swiss watchmaker’s first collaboration with Atlassian Williams F1 Team produces two sporting Laureato models inspired by the team’s 2026 racing car.

Victorian auction buyers will soon receive a piece of information that has traditionally been withheld until bidding reaches it: the vendor’s reserve price. Under new property-sale and underquoting laws, agents must publish the agreed reserve at least seven days before an auction or fixed-date sale. Most changes begin on 1 October 2026 and apply to …

Related Stories
Property
$8.1 billion, 10,000-home community set for Dubai neighbour Sharjah
By Ruba Jaajaa 21/09/2026
Prestige
Why Australia is primed for a branded residences boom
By Ruba Jaajaa 21/09/2026
Property
New Home Sales Fall 10 Per Cent as Australia’s Construction Recovery Loses Momentum
By Ruba Jaajaa 17/09/2026
$8.1 billion, 10,000-home community set for Dubai neighbour Sharjah

More than 10,000 homes, an expansive central park and a mix of hospitality, retail and wellness facilities will form Azizi Developments’ first master-planned community in the emirate.

By Ruba Jaajaa
Mon, Sep 21, 2026 2 min

Sharjah is set to receive one of its largest new residential communities, with Azizi Developments unveiling plans for a US$8.1 billion master-planned precinct containing more than 10,000 homes.

Named Azizi Florence, the freehold development will comprise 1,130 villas, more than 6,000 townhouses and 3,500 apartments. Three-bedroom townhouses will start from US$515,000, with an indicative rate of US$231 per square foot of saleable space.

The project marks the Dubai-based developer’s first move into Sharjah, expanding a portfolio that includes the planned Burj Azizi skyscraper and the Azizi Venice community in Dubai.

A park at the heart of the community

Rather than treating landscaping as an afterthought, Azizi Florence will be organised around a 1.7 million sq ft central park.

The wider precinct is planned as a self-contained neighbourhood combining homes with retail, hospitality, education, leisure and wellness facilities.

Six residential clusters will sit within the development, each with its own park, clubhouse, community centre and landscaped gardens. The approach reflects a broader shift across large Middle Eastern developments, where greenery, recreation and everyday convenience are increasingly central to the residential proposition.

The scale of Azizi Florence suggests it is intended to function as a neighbourhood rather than a collection of housing estates. Its mix of housing types should also give the project broader appeal, accommodating apartment buyers alongside families seeking townhouses or standalone villas.

Azizi expands beyond Dubai

Azizi Developments has delivered more than 45,000 homes to buyers from over 100 countries and says it has approximately 150,000 units under construction.

Much of its growth has been concentrated in Dubai, where its portfolio extends across Palm Jumeirah, Mohammed Bin Rashid City, Dubai South, Sheikh Zayed Road and Downtown Jebel Ali.

Its most prominent current project is Burj Azizi, which is intended to become the world’s second-tallest building. Azizi Florence represents a different type of undertaking: a low-rise, family-oriented community built around public space and daily amenity.

For company founder and chairman Mirwais Azizi, the Sharjah project also carries a personal connection. The emirate was his first home in the UAE more than three decades ago, adding a symbolic dimension to the developer’s expansion.

Sharjah’s residential ambitions grow

Although Dubai and Abu Dhabi have traditionally captured much of the international attention directed at the UAE property market, Sharjah has been steadily broadening its residential offering.

Large freehold communities such as Azizi Florence have the potential to attract both local families and international purchasers looking for comparatively accessible entry points into the Emirates’ property market.

At a starting price of US$515,000, the project’s three-bedroom townhouses will sit well below the cost of equivalent family homes in many of Dubai’s more established luxury communities.

The ultimate appeal, however, will depend on execution. At this scale, the quality of the public realm, connections between residential clusters and delivery of the promised supporting infrastructure will be as important as the homes themselves.

If those elements come together, Azizi Florence could help establish a new benchmark for large-scale residential development in Sharjah—and give buyers another option beyond the UAE’s better-known property markets.

MOST POPULAR

A record-breaking $11 million sale at The Centennial Collection has set a new benchmark for luxury apartment living in Bondi Junction.

Four decks, 34.5 metres and a made-to-measure interior: step aboard the new Custom Line Navetta 35, unveiled at Cannes.

Related Stories
Money
Celebrity-backed fund nears US$50m as investor demand builds 
By Jeni O'Dowd 02/06/2026
Lifestyle
IWC’s purple Formula 1 chronograph pays tribute to Singapore after dark
By Ruba Jaajaa 02/09/2026
Prestige
Heesen’s 57-metre Project Setteesettanta puts the owner on a deck of their own
By Mathilde Pont 14/08/2026
0
Your Cart
Your cart is emptyReturn to Shop