360 Nicosia. Credit: hypersound.com.cy
Nicosia, the capital of Cyprus, is known for many things from the historic walled city to the vibrant, ancient culture which the locals are always more than happy to share with curious visitors. There are many ways to experience the city and 360 Nicosia, the tallest building in the city, is just one of many albeit an entirely unique one. The 135 metre tall tower stands proud in the very heart of the capital on one of the busiest streets in Nicosia, Makarios III Avenue. The building encapsulates and exhibits everything one might expect of cutting edge, modern architecture in Nicosia and is considered by many to be one of the most exclusive and valuable pieces of real estate on the island.
As exclusive as it is, 360 Nicosia is home to some of the most expensive residential apartments for sale in Nicosia. The construction of the building costs 80 million euros. A one bedroom apartment on one of the lower floors of the building costs over 200 000 euro and the prices get steeper the higher up one goes with the very top floors being worth over one and a half million euros according to some sources. A single night’s stay in a single bedroom apartment on one of the lower floors costs nearly 150 euro on Airbnb. Compared to similar luxury residential spaces around the world, 360 Nicosia is not all that expensive and some might even consider apartments in the tallest building in Nicosia affordable. However, the building is still one of the most lavish living residential buildings on the island and few things can compete with the cost of an apartment in 360 Nicosia.
360 Nicosia, so named because of the 360 degree view the building offers, provides a place from which one can look out at Nicosia and the rest of the island beyond for miles and miles. The fact that no other property allows residents to experience such gorgeous views of the island nation, including the famous Cypriot sunrises and sunsets, puts 360 Nicosia in a league of its own. Residents, from the comfort of their modern lavish apartments, get to experience Cyprus from the very best vantage point, several storeys up. Anyone that has been to the island knows just how beautiful it is and 360 Nicosia provides a place from where one can look out on and appreciate the island in its entirety.
The most striking thing about 360 Nicosia is the fact that it is so very unique. It stands out among the other buildings in the city and towers over its much shorter neighbours. The materials used in the construction of the building give it a sleek, modern look. With its beautiful, futuristic glass enclosed top floor, unique shape and almost futuristic aesthetic, the building makes it clear that modern architecture has made its way to Cyprus. The building is not just tall. For many, the title of “Tallest Building In Nicosia” would be more than enough but 360 Nicosia has much more to offer and is not only the tallest but also, perhaps, the most visually pleasing piece of modern property in the city.
The interior is just as stunning as the outside. The 34 storey building has 117 spacious apartments, multiple shops, a swimming pool, a wellness centre and a swimming pool. Each space is furnished with high end furniture and fittings giving the building’s interior spaces a chic, luxurious feel found only in the most lavish settings. The tenth floor in its entirety is devoted to leisure. This is where many of the building’s amenities, such as the gym and the exclusive Resident’s Club, are located and it provides a perfect environment in which to enjoy the 360 degree view that 360 Nicosia is known for.
The tallest building in Nicosia, in addition to offering a great view, provides its residents with an unparalleled living experience. When it comes to comfort, service and aesthetic appeal, few properties come close to matching 360 Nicosia. Cyfield describes the lifestyle that 360 Nicosia residents experience as being ‘Nothing short of hotel-style service’. Residents have access to a 24 hour concierge that is dedicated to meeting every need of the building’s residents from handling deliveries to ensuring the safety of every 360 Nicosia resident to ensuring that the building is kept in immaculate shape.
360 Nicosia was completed in 2020 and is rapidly becoming one of the most recognisable structures on the Nicosia horizon. When construction began in 2016, the developers’ aim was to create the most luxurious residential building in the company and, in many ways, they have both met and surpassed their goals. The building has been the talk of the town since as far back as 2016 when construction began among those interested in luxury real estate and of the building’s 117 apartments, 84 have already been sold with many of the buyers being locals.
In addition to having some of the most exclusive apartments for rent in Nicosia, the building has a number of shops and restaurants available for purchase as well. One restaurant has already been sold and one remains along with 3 shops. Buyers are still pouring in, however, as the building was only completed in December of last year. Both locals looking for a luxurious apartment to live in or rent out and foreign real estate investors have been expressing a great deal of interest in what 360 Nicosia has to offer and apartments are being snapped up quite quickly.
360 Nicosia is ideally located and not just in terms of its location within Nicosia. Cyprus as a whole is a great place for investors, especially those looking for a good way to invest within the European Union while avoiding high corporate taxes. With a corporate tax rate of 12.5%, Cyprus is among one of the least taxed nations in the world for corporate entities and many go so far as to consider it a tax haven. 360 Nicosia is a great place to start for anyone looking to start buying up properties in the area and Cyprus’ taxation laws make the prospect even more enticing.
Sunny, peaceful and beautiful are the three words anyone who has set foot in Cyprus would use to describe the island nation. 360 Nicosia is one of the best places from which to experience the beauty of Cyprus and the incredible ease with which one can invest in the country makes Nicosia’s tallest building one of the best investment choices one can make. (Article written by TM Sibanda)