Tourist Area (Molos Promenade)

Tourist Area encompasses Limassol's central seafront corridor running roughly from the Old Port to Amathus — anchored by the Molos Promenade (a 4-km tree-lined seafront walk that has become Limassol's iconic public space), Dasoudi Beach + Forest Park, the major luxury hotels (Four Seasons, Mediterranean, St Raphael, Atlantica), and the City of Dreams Mediterranean Casino + integrated resort that opened in 2023. The neighbourhood combines tourism + lifestyle real estate, with seafront apartments commanding €4,000-€8,000/m² for new-build luxury. For property buyers, Tourist Area seafront properties run €4,000-€8,000/m² for established stock and €6,000-€8,000/m² for new-build luxury. The 2023 opening of City of Dreams Mediterranean Casino + integrated resort added gaming-tourism dimension and supports continued capital growth. The neighbourhood is Cyprus' most-popular seafront living corridor, with deep international-buyer demand across British, Russian, Israeli, Lebanese, Ukrainian, Gulf-state cohorts. Yields run 5.0-6.5% supported by both long-term and short-let rental demand. Cyprus' 2026 reforms — stamp duty abolished (Law N. 239(I)/2025), CGT lifetime exemptions raised to €30K/€150K/€50K, SDC on rents abolished — support continued buyer flow. Cyprus' €300K Permanent Residency Programme (Reg 6.2, brand-new residential only) applies and many new-build seafront properties reach this threshold.

Tourist Area (Molos Promenade), Limassol, Limassol District, Cyprus