What Property Gallery does

Property Gallery (P.L. Property Gallery Developers & Constructors Ltd) is a Cyprus-based, privately held real-estate developer and constructor headquartered in Limassol, operating since the early 2000s. The company develops residential, commercial, and hospitality assets in Cyprus, with a portfolio spanning approximately 500,000 m² delivered across more than 75 projects and a stated cumulative project value of roughly €800M. Its customer base is primarily international — high-net-worth and ultra-high-net-worth buyers from Russia, the CIS, the UK, and China purchasing Cyprus property, often linked to the country's Citizenship- and Residence-by-Investment programmes.

The product portfolio is organised across three verticals. Residential projects include YOO Limassol (a branded-residential tower developed with Philippe Starck), Homer, Seven, MIR, Signature, Z Residences, Majestic Villas, and Greenwood at Platres. Commercial assets include CITYSPACE, Nereus Tower, Avenue 15, Unit, and Sapphire Business Center. Hospitality assets include Petit Palais Hotel, Pendeli Resort, Petite Plage, Platres Arena, and F&B outlets (Cleopatra Le Bistro, Petite Patisserie). Supporting services — property management, interior and landscape design, investment advisory, and Citizenship/Residence services — are run in-house, providing vertical integration across the asset lifecycle.

The business model combines one-off property sales (the dominant revenue driver, exposed to Cyprus real-estate cycles) with recurring managed-service streams: rental management, hospitality operations (Petit Palais Hotel, Pendeli Resort, Platres Arena), and property management. Distribution is run through a Moscow representative office and an international partner network spanning the CIS, China, and the UK. Pricing is HNW-segment, with branded-residential (YOO / Starck) projects positioned as premium offerings versus unbranded stock. The company is privately held; financials are not publicly disclosed, and reported employee count varies by source between 11–50 and 100+.

Name

Property Gallery

Legal name

P.L. Property Gallery Developers & Constructors Ltd

Website

https://cypruspropertygallery.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Property Gallery is a Cyprus-based luxury real-estate developer (residential, commercial, hospitality) headquartered in Limassol, serving international HNW buyers from the CIS, UK, and China via property sales, rentals, hospitality operations, and Cyprus residency/citizenship advisory services.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Real Estate Property Managers (53131), Lessors of Other Real Estate Property (531190)

SIC

Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Hospitality (Hotel) Property Management (BPAJAGAG), Specialty & Entertainment Venue Property Management (BPAJAGAO)

Keywords

• Luxury real estate development
• Residential property sales
• Commercial property development
• Property management services
• Hospitality operations

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Property Sales: Direct sales of residential properties (villas, apartments, penthouses, townhouses) and commercial properties (office buildings, retail spaces) to buyers in Cyprus and internationally. Revenue is one-time at property transfer.
2. Property Rentals: Rental management services for properties, including tenant placement and property management, generating ongoing rental income for property owners.
3. Hospitality Operations: Owned and operated hospitality venues including Petit Palais Hotel (32 rooms), Pendeli Resort (85 rooms), Cleopatra Le Bistro restaurant, Petite Patisserie bakery, Petite Plage beachfront restaurant (288 persons capacity), and Platres Arena event/sports facility.
4. Property Management Services: Comprehensive property management including maintenance, tenant relations, and community services for residential complexes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Property Gallery is a Cyprus-based real estate developer that builds, sells, and manages luxury residential properties (apartments, villas, branded residences), commercial real estate (Class A business centers, offices, retail), and hospitality venues (boutique hotels, restaurants, sports complexes). The company offers vertically integrated services including property sales, rentals, professional property management, interior and landscape design, real estate investment advisory, and Cyprus permanent residence/citizenship-by-investment assistance.

Product overview

Property Gallery Developers & Constructors Ltd is Cyprus's largest real estate developer with 24+ years of experience and 75+ development projects across Southern Cyprus. The company operates as a multi-segment property platform offering three main categories: (1) Residential Properties including branded luxury projects (YOO Limassol with Philippe Starck), apartments (Homer Residences, Seven Residences, MIR Residences, Signature Residences, Z Residences), villas (Majestic Villas, Greenwood at Platres), and boutique complexes; (2) Commercial Properties including Class A business centers (CITYSPACE, Nereus Tower, Avenue 15, Unit) and retail spaces; (3) Hospitality Projects including hotels (Petit Palais Hotel, Pendeli Resort), restaurants (Petite Plage, Cleopatra Le Bistro), and sports venues (Platres Arena). Services include property management, interior/landscape design, and investment advisory with citizenship and residence permit assistance. The portfolio spans Limassol, Platres, Paphos, and Pissouri with €800 million in total project value and 500,000 m² of developed real estate.

Differentiator

Problem solved

Functional benefit

Products and services

• YOO Limassol Apartments Branded luxury residential project developed in collaboration with world-renowned French designer Philippe Starck under the YOO International concept; located on the seafront of Limassol - Pyrgos with 80 extraordinary apartments across 4-8 floors, 50 meters from the sea.
• YOO Limassol Villas Branded luxury beachfront villa component of the YOO Limassol project by Philippe Starck; 80 exclusive beachfront villas across 2-3 floors, located 50 meters from the sea in Limassol - Pyrgos.
• Homer Residences Modern residential building in the heart of Limassol featuring three elegant floors with 18 luxurious apartments, contemporary design, high-quality finishing, walking distance to shopping centers and the Mediterranean Sea (6 minutes away).
• Seven Residences Newly launched residential development in Limassol's Germasogeia area; seven contemporary residential blocks with 67 apartments (1-3 bedrooms), swimming pools, children's playgrounds, and landscaped green areas.
• MIR Residences Gated residential complex with 8 apartments and 6 maisonettes offering stunning sea views from private balconies/terraces, swimming pool, landscaped gardens, and children's playground; minutes from Limassol center and Blue Flag beaches.
• Signature Residences Premium 15-floor skyscraper combining luxury apartments and penthouse with heavenly gardens, offices, and shops; features smart home system, elevated security with multilevel access control, and innovative virus prevention solutions.
• Z Residences Modern apartment complex with distinctive curved exterior design inspired by Zaha Hadid; one and two-bedroom apartments plus luxury penthouse with unique roof garden, located in prestigious Germasogeia green area.
• Majestic Villas Prestigious villa complex in Agios Tychonas suburb of Limassol with 8 villas across 2 floors, private pools, landscaped gardens, open terraces, and panoramic sea views.
• Greenwood at Platres Premium residential development in Platres village consisting of 6 detached Alpine chalet-style villas with 3-4 bedrooms; eco-friendly sustainable architecture integrated into lush mountain forest environment with optional private swimming pools.
• Petit Palais Hotel Mountain boutique hotel in Platres with 32 rooms blending modern interiors with traditional character, restored through partnership with Lazarou & Michael Architects; operated by George Tsanos Group.
• Pendeli Resort Sophisticated four-star mountain resort in Platres/Troodos Mountains with 85 elegant rooms including 11 luxury suites with private terraces, spa and fitness facilities, 20-meter swimming pool, fine-dining Ilios restaurant, Forest café, piano bar, and conference hall.
• Petite Plage Beachfront restaurant at Ayios Tychonas tourist area in Limassol serving Mediterranean cuisine with extensive wine selection and signature cocktails; 288-person seating capacity (116 inside, 172 outside), 112 sunbeds, 56 umbrellas, family-friendly environment.
• CITYSPACE Premium Class A business center in Limassol's Ag. Filaxeos area; total interior area of 2,052m² with open plan luxury office floors, verandas, retail space, roof garden, and 23 parking spaces.
• Platres Arena Modern multifunctional sports and events complex in Platres featuring football field (111x73m), 1,500-seat tribunes, 2 tennis courts, basketball/volleyball courts, gym, and café.
• Property Management Professional property management services for residential and commercial properties, including building upkeep, tenant placement, and ongoing management through Property Gallery's own professional management company.
• Interior Design Custom interior design services for residential and commercial properties, offered as part of Property Gallery's portfolio of services.
• Landscape Design Professional landscape design services complementing Property Gallery's residential and commercial property developments.
• Citizenship and Residence Permit Services Comprehensive migration services including permanent residence (8-month processing, €300,000 investment) and citizenship by investment applications, with full legal support from property purchase through residence permit and tax residency documentation.
• Real Estate Investment Advisory Investment advisory services for purchasing property in Cyprus, including complete investment advisory from purchase through rental management and assistance with Cyprus permanent residence programs.

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Philippe StarckflagshipStrategic or Co-development Partner · 15 October 2025World-renowned French designer created the YOO Limassol branded residential project in collaboration with Property Gallery. Starck is recognized as one of the most influential figures in contemporary design, known for combining creativity, functionality and cutting-edge technology across furniture, hotels, mega-yachts and architectural concepts.
• YOO InternationalflagshipStrategic or Co-development PartnerYOO concept is a globally recognized luxury residential brand that Property Gallery licensed to create the first branded residential project in Cyprus - YOO Limassol. The project brings the YOO concept to the Mediterranean market.
• Lazarou & Michael ArchitectscoreStrategic or Co-development PartnerArchitecture firm partnered with Property Gallery to design and restore the Petit Palais Platres Hotel, combining modern interiors with the traditional character of the historic building.
• George Tsanos GroupcoreImplementation/ SI/ Consulting PartnerHospitality management company operating and managing the Petit Palais Platres Hotel since 1972. Qualified and experienced team providing hospitality services for the hotel.
• Ralph LaurenflagshipStrategic or Co-development PartnerPremium furniture and décor brand furnishing interiors at Pendeli Resort alongside other prestigious design houses including Roberto Cavalli, Gianfranco Ferrattini, Casa Milano, Tacchini Italia and Linteloo.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Prime Property Group: Limassol-focused developer of premium apartments and penthouses, directly competing with Property Gallery's urban residential portfolio and targeting similar international investors.
• Leptos Group: Major Cypriot developer with residential, commercial, and hotel operations (including Leptos Calypso hotels), overlapping Property Gallery's vertically integrated residential-plus-hospitality model in Cyprus.
• Pafilia Property Developers: One of the largest and longest-established residential developers in Cyprus, with comparable luxury residential projects across Paphos and Limassol, international sales channels, and similar HNW buyer targeting.
• D. Zavos Group: Cyprus developer with residential and commercial projects targeting international HNW buyers, overlapping Property Gallery's premium Limassol pipeline and residency-driven sales motion.
• Aristo Developers: Cyprus-based residential developer with comparable villa and apartment projects across Paphos and Limassol, often selling to Russian/CIS/UK international buyers through similar partner networks.
• Cybarco (Cyprus Trading Corporation Group): Leading Cyprus real estate developer behind high-profile Limassol projects (e.g., One Limassol), competing head-to-head in the premium Limassol residential and commercial segment.

Broad incumbents

• Damac Properties: Large Middle East-based developer of branded luxury residences (e.g., partnerships with Versace, Trump); a benchmark for Property Gallery's branded-residential strategy via YOO/Starck partnerships.
• Sotheby's International Realty (Cyprus): Global luxury real estate brand operating in Cyprus, marketing premium residences to UHNW buyers — a comparable demand channel and brand-association benchmark for Property Gallery's YOO Limassol positioning.
• Engel & Völkers Cyprus: Global luxury real estate brokerage with a strong Cyprus franchise; competes for the same international HNW buyer pool and offers competing resale/new-build listings in Limassol.

Others

• Henley & Partners: Global leader in residence and citizenship-by-investment advisory; directly relevant to Property Gallery's reliance on Cyprus's golden-visa/citizenship pathway to drive international property demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCctYgnXDethOmA0eXHSjM-w/featured?view_as=subscriber
• Facebookfacebook.com/PropertyGalleryCyprus
• LinkedInlinkedin.com/company/property-gallery
• Instagraminstagram.com/cypruspropertygallery/?hl=en

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Property Gallery