Karma Developers

Karma Developers

Karma Developers is a property developer in Cyprus and is part of Karma Group.

Karma Developers was established in 1985. Today the company has flourished by delivering more than 4000 quality properties and is continuing to evoke offering great new projects with unique designs and sought-after locations along the stunning Eastern Coastline. KARMA Developers is considered the leading company of the Group

For more than 35 years, the Karma Developers has built strong relationships with its clients, thanks to its commitment to integrity, honesty, and quality. Faithful to its friendly, customer-oriented approach and all-important aftersales care.

The company always aimed to select the most beautiful seaside locations in Ayia Napa and Protaras, according to Karoullas, who notes that before bringing any new product into the market, detailed studies are conducted so that at any given time, the market’s needs, conditions and demands are met.  

The company currently has a wide range of Cyprus properties for sale and is conducting studies on its consequent projects. Meanwhile, it is focusing on issuing deeds for all its properties.

Two special projects

In 2021, KARMA Group was proud to announce that its Eden Residences development has been selected to receive the European Property Award for 2020-2021 in the category of Residential Development in Cyprus. Eden Residences are situated in the heart of Protaras, the jewel of the Cyprus eastern coast. Surrounded by the amenities, beaches, and nightlife of Protaras, Eden rises above with panoramic sea views and modern luxury apartments. With opulent finishes and state-of-the-art design, Eden Residences provides the best of Protaras living. 

Mythical Sands Resort & Spa is other project of which Karma Developers feel particularly proud. It consists of 300 units, apartments and town houses, as well as green areas, tennis courts, playgrounds, a wellness centre, a gym, a cafeteria and two large common swimming pools: “It was a bold move, beginning in the midst of the financial crisis, in 2009. It has proven, however, that as long as there is a concept behind a project. It is located just 500 metres from the beach, it offers all amenities and it is very affordable”, the founder Pambos Karoullas has declaraed to Gold News.

Karma Developers
Founded 1985
Founder(s) Pambos Karoullas
Employees 1 - 50
Key people Nicolas Karoullas, Lefteris Souttos, Alexandros Alexi
Projects 100+
Flagship projects Malama Grand Mansions Protaras, Eden Residences Protaras, Semera Beach Residences Ayia Napa, Icon Signature Villas Ayia Thekla, Mythical Sands Resort & Spa Protaras, American University Of Cyprus in Larnaca
Head office 16 Kennedy Avenue, Paralimni, 5290
Phone +357 23 730 777
Email info@karmadevelopers.com.cy