Paphos, Cyprus

OTELLO

Studios & apartments in Universal, Paphos

OTELLO — studios and apartments in Universal, Paphos
OTELLO by Domenica Group is a residential development of 25 apartments in Universal, Paphos, Cyprus: 3 studios, 14 one-bedroom and 8 two-bedroom apartments. Landscaped gardens and mature trees create a private setting around a large communal swimming pool.
Residents will have access to a fully equipped gym, sauna, jacuzzi, changing rooms, showers, a lobby and a BBQ and recreation area.
Prices start from €180,000 excluding VAT, according to the developer’s price list dated 17 September 2026. Total covered areas range from 43 to 93 m², including covered verandas; internal areas range from 35 to 80 m². Scheduled delivery: Q4 2028.
The price includes split-unit air conditioning, an intercom and a security system. Specifications include double glazing, thermal insulation, fitted kitchens and wardrobes, and solar-assisted hot water. Electrical appliances are not included. Furniture packages are optional.
Prices and availability are subject to confirmation. Ask REHOUSE for the current availability, applicable VAT and the developer’s payment terms.

Photo Gallery

Explore OTELLO’s architectural renders, landscaped communal spaces and apartment layouts. Images are developer-provided visualisations; final finishes and details are subject to the agreed specifications.

View all images

Investment potential

Developer rental projections
The developer estimates short-term rental returns of up to 7.6% for a studio, 8.8% for a one-bedroom apartment and 7.4% for a two-bedroom apartment. These projections assume optional furnishing packages and rising occupancy over five years. They are forecasts, not guaranteed income or independently verified investment returns. Actual results depend on purchase costs, taxes, occupancy, operating expenses and market conditions.

Amenities

Communal swimming pool

Fully equipped gym

Sauna

Jacuzzi

BBQ & recreation area

Landscaped gardens

Changing rooms & showers

Lobby

Parking

DOMENICA GROUP

Reliability, high manufacturing standards, and customer respect are the core philosophies we have been nurturing since 1961. As a heritage-led and Class "A" property developer, every project we create embodies a foundation of structural excellence, long-term value, and trusted community living. Every element seamlessly intertwines to craft environments that celebrate the growth of Cyprus.

Domenica Group is a cornerstone builder and experience curator that turns historical expertise and a passion for structural integrity into lifelong security, nurturing premium lifestyles for customers seeking a true sense of belonging. We nurture elevated living from the foundation up. Rather than following short-lived market trends, we trust our decades-long heritage and transform our engineering skill into creating pure reliability. This dedication translates into a diverse and carefully built portfolio featuring some of Cyprus’s most robust residential and hospitality spaces across prime coastal and hillside neighborhoods throughout Paphos and Limassol. Every project is worth our absolute attention. Accommodating the fundamental human need to belong, Domenica Group is the home of secured investments and family-oriented lifestyles. It’s where each of our group's seven companies overlaps and intertwines to create something truly solid and uniquely enduring.

Why Choose to Buy a Domenica Group Property?

We are a Class "A" legacy builder: Operating in our seventh decade of success, we hold the highest tier of construction classification in Cyprus.
We are civic-minded and customer-centric: Domenica envisions a standard of building that respects its clients while contributing heavily to the socio-economic framework of Cyprus.
Our projects are fully self-financed: All development projects are funded internally by our group, giving us complete immunity from external financial constraints and unprecedented flexibility with our clients.
Unmatched national crisis experience: We are one of the few elite firms trusted by the State to spearhead the reconstruction of the island and build refugee housing following the events of 1974.
A diverse and versatile ecosystem: Our operations span across 7 specialized companies, including dedicated travel, property rental, and asset management firms to ensure investors receive guaranteed rental income and full after-sales support.
We build for the community: From state schools, public roadworks, and Ministry of Defence projects to football stadiums and premium hotels, our foundational footprint is deeply embedded in the public infrastructure.
Gateway to European Residency: Our extensive residential portfolio offers strategic investments fully eligible for the Cyprus Permanent Residency and investment pathways.
A robust hospitality portfolio: Beyond real estate, we actively own, upgrade, and manage luxury hotels across Paphos and Ayia Napa (such as the Aquamare Beach Hotel & Spa).

Behind the Scenes:

George Hadjidemosthenous, FOUNDER (The Late Visionary): A true pioneer of the Cyprus property landscape, George Hadjidemosthenous built a highly successful organization from a singular dream: to see Paphos grow into a world-class community with international standards. Grounded by rock-solid values of honesty, commitment, and perseverance, he elevated Hadjidemosthenous Constructions into one of the island's most reputable names. His legendary leadership extended to the public sphere, where he served with distinction as the President of the Pafos Contractors Association, creating a legacy of high-quality construction that local and overseas customers still benefit from today.

Christakis Charalambous, GROUP PRESIDENT: Spearheading the modern evolution of the group, Christakis has brought over 32 years of unwavering passion, adrenaline, and willpower to the executive office. Under his leadership alongside his family—including Group COO Kyriakos Charalambous—this third-generation family business has successfully transitioned into a multi-faceted empire. Christakis has masterfully navigated the group's global expansion (establishing offices from Moscow to Beijing and Shanghai) while keeping the firm strictly anchored to its core triptych: absolute reliability, strict adherence to national legislation, and uncompromised respect for people.

Domenica Group Corporate Overview

This video explores the 60-year history and structural achievements of the Domenica Group as one of the longest-standing property developers in Cyprus.

Why

INVEST

Attractive tax system

Stable economy. Cyprus has a stable and growing economy, bolstered by sectors such as tourism, real

Strategic location with rich history.Cyprus enjoys a prime geographical position at the crossroads

High quality of life. Mild Mediterranean climate with sunny days all year long.Cyprus boasts a high

Increased Investment. There has been a noticeable increase in investment in Northern Cyprus in recen

Lowest eu corporate tax rate in EU. Cyprus has the lowest level of taxation in the European Union

Permanent Residence permit if you live for 5 continuous years in the country.

Fdi track record. Cyprus has a modern, free-market, serviced-based economy with a long record of suc

Residence permit. For a €150K minimum investment, you will not only get a beautiful second home, but

Steps to buy real estate

1Choose your view

This will help to define the plots which best meet your requirements

2Reserve your chosen plot

Choose from this selection of plots and make a reservation

3Choose your collection

Choose which architectural style you prefer -Topos Residences or Minthis Residences

4Choose your design to customise

The Residence Collection has 12 design styles including single level bungalows while the Topos designs consists of 5 resort style homes which have been designed to be more eco-friendly.
Each standard plan provides a starting point from which you can begin your customization.

5Work with our architects

Designed and built to your tastes.
Select the style and layout which best fits your requirements and work with our in-house architects
to increase the size, add bedrooms and anything which suits your lifestyle from offices and wine cellars to personal spa’s, gyms and cinema rooms, or play rooms and guest houses.
Let’s build your dream home.

6Choose your luxurious interior finishes

The finishes of our Residences are unsurpassed and clients are offered a wide choice of premium materials that include marble, wood, stone and ceramic in a variety of colours. Interiors can be fully customised and we offer an interior design service through an internal to assist with their choices.

7Reservation Fee

Pay a reservation fee of €10,000–€20,000, depending on the project. Upon payment, the customer receives a Reservation Contract detailing the booked property's information. This contract is signed between Pafilia and the client, facilitated by our experienced agents for a seamless process.

8Downpayment

The next step involves signing the Deed Contract, officially registering you as the new property owner. A 40% down payment is required within 30 days of signing. The contract can be signed either in person or remotely via a Power of Attorney (POA), which can be sent to Cyprus for your convenience.

9Comprehensive Reports and Guidance

Next 50% payment balanced in flexible stages over 18-24 months during completion.
Payments can be made via crypto.
Cyprus-based team assists with payments and deliver detailed reports about the construction process..

10Delivery

Upon delivery, inspection, and final 5-10% payment.
1 year of guaranteed support provided. Perfect property state maintenance, high-quality services, and 15 personal usage days per year. After one year of operation 19% VAT refund is possible.

Location

Universal, Paphos, Cyprus
The developer describes the project as approximately a 10-minute walk from the sea, within walking distance of Iasis Private Hospital and Neapolis University, and a short drive from Paphos town centre. The surrounding area offers shops, restaurants and public transport.
Developer-supplied location pin: 34.755598, 32.431414.

OTELLO

Paphos, Cyprus

Other Projects

Cyprus, Paphos

Why invest

Cyprus is considered one of the most attractive countries for real estate investments on the European continent. With its rich cultural heritage and beautiful beaches, Cyprus attracts both tourists and investors alike. The island is an ideal location for those seeking a second home for vacation, a place for retirement, or establishing a new business. Its privileged geographic location provides access to international business and connects Europe, the Middle East, and Africa. Cyprus also offers a golden visa program, opening doors to permanent residency in the heart of the European Union.

Register Your Interest