Dear Friends,

Construction will commence shortly for a luxury Marina at Ayia Thekla on the East Coast of Cyprus.

The Marina will offer berths for over 650 luxury yachts, cosmopolitan shopping, local and international cuisine and first class entertainment.

Ayia Thekla is located just 25 minutes from Larnaca’s expanding airport, 5 minutes from the largest themed water park in Europe and just 10 minutes from the smart holiday resort of Protaras and traditional town of Paralimni.

Philippou Properties introduces Marina Bay Villas

Our development comprises 2 and 3 bedroom detached villas with extensive private and communal gardens each built to the highest standards with light and spacious kitchen/dining areas ideal for entertaining or just relaxing.

We have taken the very best of Cypriot living and incorporated this into our stylish villas.

Subtle touches such as a distinctive Cypriot pergola and traditional stone patio add an authentic Mediterranean feel all year round whilst providing a stunning setting in which to enjoy the tranquility of your landscaped garden.

Marina Bay Villas will be completed by the end of 2009 and are a superb investment opportunity for clients seeking a luxurious destination for retirement, relocation or "Buy to Let". The area is up and coming and set to attract wealthy clients from around the globe creating a demand for modern well positioned properties in close proximity to the beach and marina.

Recent valuations for villas in Ayia Thekla estimate that a modern three bedroom villa with pool could command a weekly rental of over 900 sterling in peak season and 560 sterling off peak. Remember that Cyprus enjoys 340 days of sunshine each year which makes it both desirable and accessible for year round rentals.

To find out more about Marina Bay or our other luxurious developments please go to our website www.pp-cyprus.com or contact me directly.