Desalination Breakthrough: Addressing Water Shortages in Cyprus with UAE’s Support

by News Editor

April 25, 2025

As Cyprus grapples with persistent water shortages, new hope is on the horizon through an impactful collaboration with the United Arab Emirates.

The coastal cities of Limassol and Paphos are set to house advanced desalination units, generously provided by the UAE’s National Energy Company, TAQA. These units are a timely intervention, especially for the Paphos district, where the water crisis is most acute.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Following the unfortunate destruction of a desalination unit in Kouklia, efforts have accelerated to deploy mobile desalination plants. The UAE’s intervention promises an impressive 15,000 cubic meters of water daily, with Paphos receiving 5,000 cubic meters and Limassol benefiting from 10,000 cubic meters.

The strategic plan from Cyprus’s Water Development Department includes three mobile units in Limassol and one in Paphos. Each unit is designed to enhance the water supply significantly, making use of innovative technologies synonymous with the UAE’s water management expertise.

This initiative couldn’t have been possible without the proactive measures taken by Cyprus’s Minister of Agriculture, Maria Panagiotou, and her team, who visited the UAE to evaluate the desalination solutions firsthand. The partnership marks a pivotal moment in tackling water scarcity in Cyprus.

The donation from the UAE involves 15 mobile desalination units, each capable of producing up to 1,100 cubic meters of water, fully covering the island’s immediate needs. TAQA’s partnership is pivotal, emphasizing Cyprus’s strategic importance and the potential for innovative solutions in the water sector.

The Future Forbes Realty Global Properties

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

by THEFUTURE.TEAM

February 16, 2026

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

Breaking news