Zaya, Universal, Paphos

Square One is a Cyprus real-estate development and investment group headquartered in Limassol, with a further office in London. Founded in 2021, it was built around a single thesis: deliver investment-grade residential product in Limassol, priced for yield and aimed at international capital. It runs a fully integrated platform — in-house development, architecture, sales, legal and post-sale management — led by managing director Demetris Papadopoulos alongside a team drawn from architecture, engineering, quantity surveying and finance. Its output is mostly boutique-to-mid apartment buildings with rooftop gardens and pools, plus selective commercial and hospitality schemes, concentrated almost entirely in Limassol with one project in Paphos.

Universal is the modern residential district of Kato Paphos, a centrally located, low-rise neighbourhood in the south-east of the city, largely built up with four- and five-storey apartment complexes set around communal pools, playgrounds and green alleys. It sits between the seafront and the historic town centre — Paphos Harbour and the UNESCO archaeological park are about ten minutes away, the beach a short walk, and Kings Avenue Mall, supermarkets, schools and clinics all within reach. That mix of walkability and everyday convenience has made Universal a magnet for a British, northern-European and Russian-speaking expat community, digital nomads and families, giving it some of the steadiest year-round tenant demand in Paphos rather than a purely seasonal, tourist-driven one. For foreign buyers the framework is straightforward: any nationality can hold freehold title, registered with the Land Registry (the Department of Lands & Surveys; non-EU buyers get routine Council of Ministers approval). Compact apartments here deliver gross long-let yields of roughly 6.5–7.7% — among the highest in the city — and a qualifying new-build purchase from EUR 300,000 opens Cyprus permanent residency. On Palmera, entry starts from EUR 349,000 (+VAT) at Square One's ZAYA Residences.