EliteEdge expands real estate investments in Larnaca

Entrepreneurs and real estate developers Sagi Doron and Shay Mazig are expanding their EliteEdge property portfolio in Larnaca with two new signature projects in the city, Porta Del Sol and Canal Del Sol.

According to a press release, the combined projects will introduce over 100 premium residential units in Pyla, Larnaca. Both developments feature thoughtfully designed apartments, including luxury garden units with private Jacuzzis, rooftop duplexes, and modern one- to three-bedroom apartments.

The press release said that notable features include, "Sustainability-Focused Amenities: Photovoltaic solar panels for all units, providing energy efficiency and EV charging capabilities; State-of-the-Art Facilities: Unique swimming pools, gyms, and landscaped communal areas that promote relaxation and recreation; Prime Location: Situated just minutes from the beach, the city center, and key transit points, including Larnaca International Airport."

Porta Del Sol aims to redefine the standard for holiday and residential living, with completion set for the third quarter of 2025. Canal Del Sol, anticipated to become known for its canal-inspired swimming pool and contemporary architecture, will break ground in the second quarter of 2025.

"The scope of these projects represents a total investment of 25 million, underscoring the developers' confidence in Larnaca's potential as a real estate hub," the press release said.

Sagi Doron outlined the company's long-term vision, "We are actively engaging with landowners to explore new development opportunities in Larnaca. Alongside these two projects, we are progressing with plans for a residential building in the city center, currently in the permitting stage. Our strategy is to continue acquisitions through the first quarter of 2026, with the intent to retain select assets, maximizing long-term value as demand in the area grows."

Christos Eliadis, EliteEdge's Group CFO, emphasised Larnaca's increasing attractiveness, "Larnaca has become a focal point for real estate investment, driven by internal migration, particularly from Limassol's foreign community, and proximity to the International Airport. The city's ongoing transformation, bolstered by major development projects, makes this the ideal time for expanding our investments."

About the Developers

Sagi Doron, with over 20 years of experience in real estate development, has successfully delivered hundreds of residential units and a hotel in Israel.
Shai Mazig, a serial entrepreneur with expertise in technology, entered the real estate sector in 2021 and brings a fresh perspective to EliteEdge's developments.

EliteEdge Ltd. is a leading real estate development and management company based in Larnaca, Cyprus. Known for its innovative and sustainability-focused projects, EliteEdge aims to create exceptional living experiences that meet the evolving demands of modern residents and investors.

Discover more about EliteEdge projects: eliteedge.com.cy