Karma Developers

Karma Developers

Karma Developers is a property developer in Cyprus and part of Karma Group. The company was established in 1985 and since then, it has flourished by delivering more than 4,000 quality properties. It continues to pursue new projects with unique designs in sought-after locations along the stunning eastern coastline. Karma Developers is considered the leading company of the Group.

For more than 35 years, Karma Developers has built strong relationships with its clients, thanks to its commitment to integrity, honesty and quality. They are dedicated to a friendly, customer-oriented approach including attentive after-sales care.

The company has always aimed to select the most beautiful seaside locations in Ayia Napa and Protaras. Before bringing any new product into the market, the company conducts detailed studies in order to best meet the clients’ needs.

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

"Karma is your one-stop-shop for real estate in Cyprus. It embodies all that the Cypriot people stand for: hospitality, integrity, humanity, beauty. The quality of construction, prime locations, reliability, and customer care are our corporate compass" (Leandra Papantoniou, Sales Director of Karma Developers for Cyprus Mail)

Two special projects for Karma Developers

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

Mythical Sands Resort & Spa is another project of which Karma Developers feels particularly proud. It consists of 300 units of apartments and townhouses and offers 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 can succeed. It is located just 500 metres from the beach, it offers all amenities and it is very affordable", the founder Pambos Karoullas declared to Gold News.

Karma Developers's portfolio includes

Karma Developers
Founded 1985
Founder(s) Pambos Karoullas
Employees 1 - 50
Key people Nicolas Karoullas, Lefteris Souttos, Alexandros Alexi, Leandra Papantoniou
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
Website karmadevelopers.com.cy