Limassol · Cyprus
Altura
Premium residential neighborhood
on the outskirts of Limassol
44 boutique apartments in two 5-story buildings, a shared pool, a fitness-spa complex and a designed lobby – in a winning location in the heart of Ypsonas, near the new headquarters of the international shipping company MSC.
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A private pool for the project’s residents, a spacious and open design, 3-meter ceilings, 2.5-meter door openings in the entire apartment, 3-meter-high wall cabinets and luxurious kitchens, a security system that includes doors/gates/security cameras and more, an electric vehicle charging infrastructure for each apartment, photovoltaic panels for common areas and many more surprises…
The project
A luxurious living experience
In the right place, at the right time
The Altura project is located in the heart of the Ypsonas neighborhood in Limassol – a growing and regenerating area of the city, combining premium residential properties with excellent accessibility to employment and transportation hubs. The project overlooks the entire city of Limassol and is located near the new headquarters of the international shipping company MSC.
The project includes a shared swimming pool for residents, a fitness-spa complex, a designed lobby, and more. The apartments are very spacious with huge balconies, storage and parking attached to each apartment, high ceilings and luxurious kitchens 3 meters high. The combination of the project’s location and the luxurious apartments is designed to create an impressive living experience that will be reflected in an increase in the value of the property and an incredible return on your investment.
Learn more about the companyAbout the developer
Nova Domus is a real estate development company operating between Israel and Cyprus, specializing in boutique projects with high construction standards, meticulous architectural planning, and a focus on a modern living experience – for tenants and investors alike.
44
Boutique apartments
2
Buildings
5
Floors
Ypsonas neighborhood
Limassol · Cyprus
A growing neighborhood on the outskirts of Limassol city, high above everyone else, close to shopping centers and with easy access to the highway to Larnaca, Nicosia, Paphos.
The apartments
Three types of properties.
One unique experience.
A private pool for the project’s residents, a spacious and open design, 3-meter ceilings, 2.5-meter door openings in the entire apartment, 3-meter-high wall cabinets and luxurious kitchens, a security system that includes doors/gates/security cameras and more, an electric vehicle charging infrastructure for each apartment, photovoltaic panels for common areas and many more surprises…
1BD
Bedroom + living room
Intimate apartments with smart architectural design – ideal for investment and short and long-term rental in one of the most sought-after areas in Limassol, with high demand and lack of supply.
- Approximately 50 square meters net
- Approximately 15–20 square meters of balcony
- Adjacent parking and storage
2BD
Two bedrooms + living room
Spacious apartments for a full family life – luxurious kitchens, 3-meter ceilings and balconies with open views of the neighborhood.
- Approximately 80 square meters net
- Approximately 18–26 square meters balcony
- Adjacent parking and storage
2BD + Roof-Garden
Penthouse with rooftop hospitality complex
Rooftop apartments that include a kitchen, two bedrooms and a living room on the lower floor + a private hospitality area on the roof of the apartment.
- Approximately 80 square meters net + 20 square meters balcony
- 65 square meters of hospitality area on the roof of the property
- Adjacent parking and storage
Amenities
Hotel life.
At home.
Every detail in the Altura project has been designed to provide residents with an experience of tranquility and luxury. From security to luxury – we take care of everything else.
Private Pool
Swimming pool for residents only
Gym & Spa
Fitness complex – private spa
Location
The beating heart of
Limassol
The Ypsonas neighborhood, the fastest growing and most sought-after area in Limassol, is on a central axis and close to international employment centers.
Around
Everything is a short drive away
◆
Private and public schools and kindergartens in the Ypsonas neighborhood
◆
Academic institutions and campuses in Limassol
◆
Private and public medical centers and hospitals
◆
Restaurants, bars and cafes in the new marina and the historic center
◆
Parks, green spaces and walking trails
◆
City bus lines connecting Ypsonas to the center of Limassol
Distances that speak for themselves
7 km
From the Limassol coastline (about 10 minutes drive)
60 km
From Larnaca International Airport (45 minutes)
From Paphos International Airport (45 minutes)
Near
Convenience stores, cafes, supermarket, bakery/pizzeria, building materials store and the new headquarters of the shipping company MSC
A1
Direct and quick access to the highway connecting Limassol-Larnaca-Nicosia-Paphos
Construction and delivery
Timeline.
Organized planning from the licensing stage to key handover – complete transparency every step of the way.
* The schedules are approximate and may change depending on the pace of progress of licensing and construction.
Investment
Investment prices and conditions
Initial launch prices – a one-time opportunity for early buyers of the project.
1BD
One-Bedroom Apartment
Starting from
€195,000
+ VAT
Price range
€230,000 – €195,000
Most popular
2BD
Two-bedroom apartment
Starting from
€255,000
+ VAT
Price range
€255,000 – €330,000
2BD + Roof
Penthouse with private roof
Starting from
€395,000
+ VAT
Price range
€395,000 – €455,000
* The prices listed are initial launch prices, as of the date of publication. The final price will be determined depending on the specific apartment, floor and orientation.
* Local VAT must be added according to law.
Payment plan
Convenient payment terms
Gradual payment distribution throughout construction, with attractive financing options from a local bank in Cyprus or an Israeli bank.
40%
Upon signing the sales contract
20%
Upon completion of the building skeleton
20%
Upon completion of the plastering work
15%
When choosing ceramics
5%
Upon delivery of the apartment
Delivery
Delivery: April 2029
Reservation
€20,000 – €10,000 VAT *
Seriousness fee
Tax Benefits
Tax advantages in Cyprus
- Local tax exemption in Cyprus on annual income up to €22,000
- Possibility of reducing VAT to 5% on the purchase of a first apartment, subject to meeting the terms of the benefit plan
- Israeli taxation makes it easier to earn passive income from real estate abroad
Why Nova Domus
Why invest with us?
Questions and Answers
Who are you? What is your experience? Why should I trust you with my money?
Nova Domus is a real estate development and entrepreneurship company in Cyprus, operating with a different approach: responsible entrepreneurship, full coverage, and real personal support throughout the process. The company is registered in Cyprus as NOVA DOMUS DEVELOPMENTS LTD and operates in the field of local development and construction, with a focus on well-designed, functional residential solutions with real investment potential.
Behind the company stands Hagai Ben Gigi, a lawyer with a business-management background, who brings a rare combination of legal thinking, financial control, risk management, and long-term strategic vision to projects. Working alongside him is local partner Alexios Yiorkas, a lawyer from Cyprus and owner of the A. Yiorkas & Co LLC office in Limassol, who gives the company a strong local anchor, accessibility to the authorities and the legal system, and deep familiarity with the Cypriot real estate world.
What sets us apart is not just what we build – but how we operate. We believe in thoughtful, controlled and responsible entrepreneurship, with high control over the process and with local professional partners you can trust. In addition, the company’s official website presents a wide range of professional services under one roof, from a concept of comprehensive management rather than “sell and disappear.”
We are also already on the verge of delivering a significant residential project in Larnaca, a fact that demonstrates to the client that we are dealing with a developer who is working on the ground and moving forward with actual implementation, and not just a marketing entity selling a dream on paper.
If I bought, what guarantees do I have? How do I actually monitor the performance?
Trust in the world of real estate, especially when purchasing in a foreign country, is not built from slogans – but from the right structure of people, experience and an envelope. With us, the client benefits from a combination of an entrepreneur who deeply understands transactions, risks and processes, and a local partner who is an active lawyer in Cyprus and has a firm based in Limassol, with expertise in real estate law, property transactions, due diligence, investor support, tax planning and cross-border transactions.
The great advantage of Nova Domus is that the client is not required to “manage on their own” in a foreign country, a foreign language, and unfamiliar professionals. They receive one clear framework, with a real address, a real legal envelope, and organized support that reduces errors, prevents friction, and enables decision-making with confidence.
For those who wish, we will be happy to refer you to satisfied customers who have already gone through the process with us and who can share their experience directly.
How do you manage a property in a foreign country? How much does ongoing management cost?
Managing a property in Cyprus is much simpler than many imagine. Unlike countries where the language barrier and bureaucracy are very burdensome for a foreign investor, Cyprus is a relatively friendly environment for the international investor: English is widely spoken, the local culture is warm and personable, and the Mediterranean mentality is familiar and very comfortable for Israelis.
Furthermore, Cyprus is physically close to Israel, so even when you want to come for a visit, a meeting, or an inspection on the ground – it is an accessible destination and not in another world. The meaning for the client is twofold: on the one hand, you can manage the property remotely effectively, and on the other hand, there is always the possibility of arriving quickly and seeing everything up close.
Ongoing property management typically includes maintenance, working with professionals, troubleshooting, collections, rentals, tenant relations, and ongoing operational oversight. The cost varies depending on the type of property, its location, the type of rental, and the scope of the service, so it is more appropriate to present this as a flexible model rather than a fixed number: some clients need only basic management, while others prefer full end-to-end management.
You are not left alone with a property in a foreign country. We build a reliable local system for you, so that even from a distance, the property is managed in an orderly, professional and transparent manner.
How do I know the yield data is correct? How do I know the price is attractive? What guarantees that I will make money?
This is a legitimate question – and that is why we encourage every client to test, compare and test us against the market. The right way to test a deal is not to rely solely on a promise of return, but to check prices of similar apartments in the area, compare to the inventory of other developers, and examine the local rental market on local platforms. A client who wants to conduct an independent test can compare similar projects in Limassol and Larnaca, and also browse local real estate websites such as Bazaraki and other websites that display properties, sale and rental prices.
We believe that the attractive price is measured not only at the entry point, but in the overall picture: location, specifications, quality of planning, legal framework, financing ability, possible tax savings, proper management after purchase, and potential for improvement or rental. This is exactly where our advantage comes in – we do not just offer an apartment, but a comprehensive service package that makes things easier for the client and reduces operational and legal risk for him.
Nova Domus’s service portfolio includes a wide range of support, and in combination with the local legal partner, the client can be provided with an almost complete solution under one roof. This includes legal and financial support, assistance in opening a bank account, examining financing and mortgage options, handling issues related to VAT and relevant benefits, and, for those eligible, support in the areas of incorporation, taxation, and aspects of immigration or residency through the professional departments of the local office.
We do everything we can to produce a quality, well-priced deal, with an envelope that reduces risks and increases certainty – and you are welcome to check us out, compare us, and examine the data for yourself.
Interested in hearing more?
Let’s talk numbers.
Hagay Ben-Gigi, the entrepreneur, owner of Nova-Domus and its sales manager in Israel, will get back to you directly with all the information and details, without intermediaries and wasting valuable time.
Specifications, prices, apartment plans, an explanation of how to invest and the opportunities inherent in Cyprus, everything.
Get a personalized offer
Fill in your details and we will get back to you within 24 hours.
