The Courtyard
The Courtyard is a 66-apartment, six-building luxury residential development in Dasoupolis, Nicosia, Cyprus, developed by GPR Green Park Residences Ltd and targeting completion in December 2026. It sells premium, energy-efficient units to affluent local Cypriot families and non-EU international investors seeking Cyprus Permanent Residency via the Golden Visa program.
- Company typePrivate
- Founded-
- HeadquartersNicosia, Cyprus
- Headcount11–50
- GTM typeB2C
- OfferingServices
What The Courtyard does
The Courtyard is a single-asset, premium residential development project located on an elevated ~10,000 sqm plot (net ~9,176 sqm after municipal concessions) in Dasoupolis, Nicosia, Cyprus, being developed by the Cyprus-registered private company GPR Green Park Residences Ltd. The project comprises six apartment buildings arranged around a 2,500 sqm central courtyard, totaling 66 apartments marketed under five branded sub-products: Lemon Tree and Orange Tree (2-bed, ~91-94 sqm, from €269,000), Almond Tree and Olive Tree (3-bed, ~138-145 sqm, from €465,000), Pine Tree (4-bed, ~178-208 sqm, from €600,000), and Oak Tree (full-floor 5-bed, 258 sqm, from €890,000). All units incorporate photovoltaic panels, underfloor heating via heat pumps, smart-home provisions (key card / mobile entry), air conditioning, electric blinds, and two underground parking spaces, with internal areas positioned 12-30% larger than the local market average.
The development is built by A-Class contractor and equity stakeholder K. Athienitis Contractors Ltd to a design by Demetris Krentos Architects LLC (UK-qualified, ex-T P Bennett London), with the supporting site secured via Environmental Authority approval and targeted for December 2026 delivery. Distinctive physical attributes include a fully pedestrianized (car-free) ground floor opening onto 6,600 sqm of landscaped gardens, gated 24/7 security with CCTV, and shared amenities (running track, gym, BBQ areas, yoga platform, outdoor workspaces).
The go-to-market is a hybrid direct/channel structure: an in-house sales team handles enquiries via phone, email, WhatsApp, and website enquiry forms (with virtual tours and downloadable brochures), while Fox Realty serves as the official sales manager targeting both local Cypriot buyers and non-EU international investors eligible for Cyprus Permanent Residency via the €300,000+ Golden Visa threshold. Pricing is one-time per unit, with a staged payment plan tied to construction milestones (10% reservation, then progressive payments through handover) and a 5% reduced VAT rate available through June 2026 owing to the pre-November 2023 building permit. The company's revenue base is structurally pre-completion (deposits and stage payments) until handover, after which the bulk of project GDV — estimated at the high €20M–€40M range — is expected to be recognized.
The Courtyard firmographics
Firmographics- Name
- The Courtyard
- Legal name
- GPR Green Park Residences Ltd
- Website
- https://thecourtyard.com.cy
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Courtyard is a 66-apartment, six-building luxury residential development in Dasoupolis, Nicosia, Cyprus, developed by GPR Green Park Residences Ltd and targeting completion in December 2026. It sells premium, energy-efficient units to affluent local Cypriot families and non-EU international investors seeking Cyprus Permanent Residency via the Golden Visa program.
- Ownership category
- akta.pro rank
Where The Courtyard is headquartered
LocationHeadquarters
- HQ city
- Nicosia
- HQ country
- Cyprus
- HQ region
- Europe
Offices1 record
Markets served
The Courtyard business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Marketing or Sales, Personnel
Revenue model
- Residential Property Sales: One-time sale of apartments to buyers. The development consists of 66 apartments across 6 buildings, with prices ranging from approximately €269,000 for 2-bedroom units to €890,000+ for full-floor 5-bedroom units. Sales follow a staged payment plan aligned with construction progress. The company also benefits from VAT advantages under transitional provisions until June 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | 2 Bedroom Apartments - Lemon Tree & Orange Tree Residences |
| One time/ perpetual license | Multi-year contract | 3 Bedroom Apartments - Almond Tree & Olive Tree Residences |
| One time/ perpetual license | Multi-year contract | 4 Bedroom Apartments - Pine Tree Residences |
| One time/ perpetual license | Multi-year contract | 5 Bedroom Full-Floor Apartments - Oak Tree Residences |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
The Courtyard product offering
Product offeringCore offering
The Courtyard is a premium residential real estate development by GPR Green Park Residences Ltd comprising 66 luxury apartments across 6 buildings in Dasoupolis, Nicosia, Cyprus. It sells 2-, 3-, 4-bedroom apartments and full-floor 5-bedroom units, each featuring photovoltaic solar systems, underfloor heating, smart home provisions, 2 underground parking spaces, and access to 6,600 sqm of landscaped gardens centered on a 2,500 sqm courtyard.
Product overview
The Courtyard is a premium residential complex development consisting of six apartment buildings arranged around a central courtyard in Dasoupolis, Nicosia, Cyprus. The development offers a portfolio of 66 luxury apartments across five distinct residence types: Lemon Tree and Orange Tree Residences (2-bedroom), Almond Tree and Olive Tree Residences (3-bedroom), Pine Tree Residences (4-bedroom), and Oak Tree Residences (full-floor 5-bedroom). Each building is named after a native Cyprus tree. The complex features extensive amenities including a 6,600 sqm landscaped garden with 2,500 sqm central courtyard, underground parking (2 spaces per apartment), gym, running track, barbecue areas, and 24/7 security. All apartments include energy-efficient features such as photovoltaic units, underfloor heating, air conditioning, and smart home provisions. The development targets completion in December 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Orange Tree Residences: 2 bedroom apartments within The Courtyard development
- Lemon Tree Residences
- Almond Tree Residences
- Olive Tree Residences
- Pine Tree Residences
- Oak Tree Residences
Products and services
- Lemon Tree Residences Two-bedroom apartment building within The Courtyard complex, with 6 floors and 2 apartments per floor, ground-floor private gardens, top-floor roof terraces, underfloor heating, A/C, PV units and smart home provisions; starting from €269,000 with 2 underground parking spaces and storage.
- Orange Tree Residences Two-bedroom apartment building within The Courtyard complex, with 6 floors and 2 apartments per floor, ground-floor private gardens, top-floor roof terraces, underfloor heating, A/C, PV units and smart home provisions; starting from €269,000 with internal areas 90.9–94.3 sqm and 2 underground parking spaces plus storage.
- Almond Tree Residences Three-bedroom apartment building within The Courtyard complex; 6 floors with 2 apartments per floor at 144.8 sqm internal area and 40.5 sqm covered balcony; starting from €465,000; ground-floor private gardens, top-floor roof terraces, 2 parking spaces, storage room, underfloor heating and smart home provisions.
- Olive Tree Residences Three-bedroom apartment building within The Courtyard complex; 6 floors with 2 apartments per floor at 137.7 sqm internal area and 36.8 sqm covered balcony; starting from €465,000; ground-floor gardens, top-floor roof terraces, 2 parking spaces, storage room, underfloor heating and smart home provisions.
- Pine Tree Residences Four-bedroom apartment building within The Courtyard complex; 6 floors with 2 apartments per floor in two size variants of 177.6 sqm and 207.7 sqm; starting from €600,000; ground-floor private gardens, top-floor roof gardens, 2 underground parking spaces, storage room and full smart home features.
- Oak Tree Residences Full-floor five-bedroom premium apartments occupying entire floors within The Courtyard complex; 258 sqm internal area with 72 sqm covered balcony; starting from €890,000; ground-floor private gardens up to 255 sqm, top-floor roof gardens up to 156 sqm, 2 underground parking spaces and three en-suite bathrooms.
Quantifiable outcome
- Internal areas 12% to 30% larger than market average
- +3 more outcomes
Companies that use The Courtyard
Customer profileSegments3 records
Ideal customer profiles3 records
The Courtyard technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
The Courtyard partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Fox RealtycoreFox Realty serves as the official sales manager for The Courtyard development. They provide expert guidance to buyers on property selection, location advantages, and investment opportunities. Fox Realty assists international investors with Cyprus Golden Visa applications through the property purchase process.
- K. Athienitis Contractors LtdcoreK. Athienitis Contractors Ltd is the A-Class contractor for The Courtyard project. With over 60 years of presence and excellence in the Cyprus construction industry, they are responsible for building construction. The company is also a shareholder, director, and sales manager in cooperation with GPR Green Park Residences.
- Demetris Krentos Architects LLCcoreDemetris Krentos Architects LLC designed The Courtyard project. Demetris Krentos is a UK-qualified architect with 36 years of experience in London and Cyprus, previously an Associate at T P Bennett Partnership London. The architectural concept was developed in close liaison with the GPR sponsors.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
The Courtyard competitors and assessment
Company assessmentDirect peers
- Pafilia Property Developers: Pafilia is one of Cyprus's largest luxury residential developers with projects across Paphos, Limassol, and Nicosia. It is the most direct comparable — also selling premium apartments to international buyers including Golden Visa applicants, often at comparable price points.
- Cybarco: Cybarco is a leading Cyprus developer (part of CTC Group) with a luxury residential portfolio in Nicosia and Limassol, including One Limassol and Trilogy Limassol. It directly competes for premium Nicosia/Cyprus buyers and Golden Visa demand.
- Leptos Group: Leptos is a long-established Cypriot developer with a broad luxury residential portfolio across Paphos, Limassol, and Nicosia. Comparable business model targeting international buyers and residency-by-investment customers in similar price tiers.
- Aristo Developers: Aristo is a major Cyprus-based developer with luxury and holiday residential projects island-wide. Comparable buyer profile (international, often Golden Visa-driven) and comparable mid-to-upper price positioning.
- Prime Property Group: Prime Property Group develops premium residential and mixed-use projects in Cyprus, including Limassol and Nicosia. Comparable luxury apartment product targeting owner-occupiers and international investors.
- D. Zavos Group: D. Zavos Group is a Cyprus property developer with a portfolio of residential projects across the island, including in Nicosia. Comparable mid-to-upper-market apartment product and similar buyer demographics.
- Eliade Group: Eliade Group is a Cyprus-based developer active in Nicosia and other cities, with residential projects in similar price tiers. Comparable product positioning and buyer profile, including international investors.
Others
- Fox Realty: Fox Realty is The Courtyard's official channel partner and sales manager, also a property broker in Cyprus. While not a developer, it is a key channel/distribution peer that shares buyer relationships and Golden Visa expertise with The Courtyard.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The Courtyard social profiles
Digital presenceThe Courtyard financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Courtyard leadership team
Management profileNumber of profiles
The Courtyard funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Courtyard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Courtyard
What does The Courtyard do?
The Courtyard is a premium residential real estate development by GPR Green Park Residences Ltd comprising 66 luxury apartments across 6 buildings in Dasoupolis, Nicosia, Cyprus. It sells 2-, 3-, 4-bedroom apartments and full-floor 5-bedroom units, each featuring photovoltaic solar systems, underfloor heating, smart home provisions, 2 underground parking spaces, and access to 6,600 sqm of landscaped gardens centered on a 2,500 sqm courtyard.
Is The Courtyard a public or private company?
The Courtyard is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Courtyard founded?
The Courtyard was founded in -1. It employs 11 to 50 people.
Where is The Courtyard based?
The Courtyard is headquartered in Nicosia, Cyprus, in the Europe region.
How does The Courtyard make money?
One revenue line is on record: residential Property Sales.
Who are The Courtyard's main competitors?
Direct peers on record are Pafilia Property Developers, Cybarco, Leptos Group, Aristo Developers, Prime Property Group, D. Zavos Group and Eliade Group. Fox Realty is listed as an others.
Does The Courtyard have an API?
No public API is recorded for The Courtyard.