If you’re considering purchasing real estate in Limassol, the Zakaki district, located on the western outskirts of the city, deserves your attention. Over the past few years, it has transformed from a modest and little-known area into one of the most talked-about and rapidly developing districts. Zakaki offers excellent opportunities both for living and for investment, making it an attractive choice for those seeking a promising place to invest.
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Changes in the Area
For a long time, Zakaki remained a quiet area dominated by agricultural lands and small industrial facilities. Although the sea is relatively close, it did not significantly influence the area’s development. Investors and developers primarily focused on the central parts of Limassol and the coastal zone, particularly near the popular Limassol Marina area, which is a 15-minute drive from Zakaki.
However, with the active development of infrastructure in Limassol, the situation in Zakaki began to change. The initial changes were related to the improvement of the road network and the development of new projects, such as the new port located near Zakaki. These projects gradually started attracting attention to the area, which had previously been outside the interest zone of major investors.
Impact of the Resort on the Area
The opening of the City of Dreams Mediterranean Casino Resort became a true turning point for the Zakaki district. This large-scale project turned out to be not just a new attraction but also an important catalyst for the changes that began occurring in the area immediately after its launch. The resort, which includes not only a casino but also a hotel complex, restaurants, shops, and numerous entertainment zones, significantly elevated Zakaki’s status as a prestigious and promising district for living and investment.
Increase in Real Estate Demand
Since the resort’s opening, the demand for real estate in Zakaki has steadily increased. This is due to the fact that the area now attracts not only tourists but also new residents, including those working in the hospitality and entertainment industries. More people are now looking to live closer to the sea and the new resort, which, in turn, has led to an increase in demand for housing.
While there hasn’t been a sudden spike in real estate prices, there is a steady growth in the cost per square meter, especially in locations closer to the resort. This makes purchasing real estate in Zakaki more profitable in the long term. For those planning to invest, this suggests the potential for good returns in the future as the area continues to develop.
Development of the Rental Market
Another significant factor has been the development of the rental market in Zakaki. With the resort’s opening, there has been an increase in the flow of tourists as well as people coming here for work. This has created a stable demand for both short-term and long-term rentals. Property owners in Zakaki have the opportunity to rent out their properties at higher rates than before, making investments in local real estate even more attractive.
Many investors have already recognized the potential for stable income in this area. The constant influx of tourists and resort workers ensures a high occupancy rate for rental properties, reducing risks and making investments more reliable. For those considering purchasing property with the intent to rent it out, Zakaki offers excellent prospects for generating steady income for years to come.
Advantages of the Area
Those considering purchasing real estate in Zakaki should take into account not only the current growth in prices and rental rates but also the overall attractiveness of the area for living. Zakaki is gradually transforming into a vibrant and comfortable district with developed infrastructure, making it an ideal place both for permanent residence and for vacationing.
The Future of Zakaki: Prospects and Advantages
The Zakaki district, thanks to its active transformation, is already attracting attention as one of the most promising areas for living and investment in Limassol. However, its potential is far from exhausted— the future of the district promises to be even brighter and filled with new opportunities.
New Infrastructure and Development
Zakaki is actively developing, as evidenced by the emergence of new residential complexes and commercial properties. City authorities and private developers continue to invest in improving the district’s infrastructure, creating additional advantages for future property buyers. The enhancement of the road network, the construction of new public facilities, and the expansion of commercial zones are making Zakaki an even more convenient and attractive place to live.
One of the key infrastructure elements already having a positive impact on the district is MyMall—Limassol’s largest shopping center. It offers a variety of shops, cafes, restaurants, and entertainment venues that make life in Zakaki comfortable and vibrant. The presence of such a center in close proximity to residential areas significantly increases the district’s appeal to new residents.
Attractive Leisure Spots
The Zakaki district is also known for its leisure and entertainment opportunities. Fasouri Watermania, the largest water park in Cyprus, located nearby, is a popular spot for family outings. It attracts not only tourists but also locals, contributing to an increased flow of visitors to the area and, consequently, a rise in demand for rental properties.
Another important facility adding to Zakaki’s appeal is the recently opened Marcos Baghdatis Tennis Academy. This modern sports facility attracts both professional athletes and recreational sports enthusiasts. The presence of such amenities near residential areas makes the district attractive to families with children and those who value an active lifestyle.
Investment Prospects
Zakaki, currently in a phase of active development, offers unique opportunities for real estate investment. Despite the already observed price growth, they remain affordable compared to other popular areas of Limassol. This creates excellent conditions for purchasing property with the intent of either reselling it later or renting it out.
The constant influx of tourists and the development of the district’s infrastructure promise steady growth in property values in the future. For investors, this means not only the opportunity to earn stable rental income but also the prospect of significant property value appreciation in the long term.
Zakaki is a district that is rapidly transforming into one of the most promising and attractive corners of Limassol. Its active development, the presence of a major resort, convenient infrastructure, and numerous leisure opportunities make it an ideal place both for living and for real estate investment. If you are considering purchasing a home or investing in Limassol, Zakaki offers excellent prospects for those who value comfort, convenience, and long-term benefits.
