Sagi Doron and Shai Mazig, prominent entrepreneurs and real estate developers, are expanding their portfolio in Larnaca, Cyprus, with two signature projects: PORTA DEL SOL and CANAL DEL SOL. These developments exemplify EliteEdge’s commitment to delivering innovative, sustainable, and high-quality residential projects in one of Cyprus’s fastest-growing regions.
Innovative Residential Projects
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.
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 is expected to redefine the standard for holiday and residential living, with completion set for the third quarter of 2025. CANAL DEL SOL, known for its iconic canal-inspired swimming pool and contemporary architecture, will break ground in the second quarter of 2025.
Investment Strategy
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.
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.”
Market Insights
Christos Eliadis, EliteEdge’s Group CFO, emphasized 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 Cyprus 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.
About EliteEdge Ltd.
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.
With a focus on sustainability, cutting-edge design, and strategic growth, EliteEdge is redefining the real estate landscape in Larnaca, creating opportunities for residents and investors alike.
Media Details.
Company Name: Eliteedge Ltd.
Contact Name: Sagi Doron
Country: Cyprus
Website: https://www.eliteedge.com.cy