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One of 2 unit types in this developmentNewly Built Investment Apartments in Gazimağusa Sakarya · 2 unit types · 2–3 bed · From £95,500 — see all units

Newly Built Investment Apartments in Gazimağusa Sakarya

£269,000£928/m²

North Cyprus, Cyprus

  • 3

    bedrooms

  • 2

    bathrooms

  • 290 m²

    interior

  • Apartment

    property type

  • 1 week ago

    listed

About this place

Investment Apartments Near the University in Gazimağusa, Northern Cyprus

Located on the east coast of Northern Cyprus, Gazimağusa is a coastal city that attracts attention with its touristic and academic structure. Sakarya, one of the prominent areas of the city, offers an attractive living space for investors and residential buyers thanks to its proximity to important centers such as Eastern Mediterranean University (EMU), Famagusta State Hospital and Glapsides Beach. Located a few minutes away from shopping centers, transportation stops and social amenities, this area has the potential to provide rental income throughout the year.

The apartments for sale in North Cyprus Gazimağusa are 400 m from Gazimağusa State Hospital and Eastern Mediterranean University, 1 km from the city center, 2 km from Glapsides Beach, 4 km from Gazimağusa Port, 5 km from Near East College and Palm Beach, 50 km from Ercan Airport and 60 km from Larnaca Airport.

This new project consists of 2 bedroom apartments and a single 3 bedroom penthouse on the top floor. The project includes private indoor parking for each apartment, elevator access and large balconies. Upon completion of the project, all technical infrastructure including central satellite system, internet infrastructure, water pump and heating system will be ready for use.

The apartments have been planned for a variety of uses, from student rentals to short-term vacation stays. Thanks to its interior planning and location advantage, it will be in demand throughout the year. First class materials and quality workmanship such as kitchen cabinets reaching up to the ceiling, marbleite countertops, built-in wardrobes in every room, hilton type sinks and first class ceramics. ECN-00541

CY

Buying property in Cyprus

Full guide →

The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.

  • Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.

  • Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.

  • Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio

Always check the latest legal requirements and fees.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

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