Project 123

Project 123: A New Standard for Seafront Apartment Living in Gaziveren, Lefke

Located directly on the shoreline of Güzelyurt Bay in Lefke District, northern Cyprus, Project 123 is a large-scale seafront residence developed by Eurocoast Group around coastal access, hotel-style services, and freehold ownership.

What Is Project 123?

Project 123 is a residential development located in Gaziveren, within the Lefke District of northern Cyprus. Built on a 24,084 m² site, the project consists of four 19-storey blocks with a total of 533 apartments, each with freehold Turkish title.

Rather than following a single repeated layout, the development is organised around four apartment formats, namely studio (1+0), one-bedroom (1+1), two-bedroom (2+1) and three-bedroom (3+1), along with two-storey loft residences. Panoramic sea views are a defining feature of the scheme.

For buyers comparing seafront options along this stretch of coast, Project 123 addresses a specific category. It combines the ownership security of Turkish title with a resort-scale amenity programme designed for year-round daily living rather than seasonal use.

Location: Gaziveren, Lefke, Northern Cyprus

The town of Gaziveren stretches toward the blues of Güzelyurt Bay and sits within the Lefke District. The setting keeps the project away from dense urban traffic while remaining connected to the island's main centres.

Nicosia is the closest major centre at roughly thirty minutes by road, with Kyrenia around fifty minutes and Ercan Airport about an hour away. The surrounding landscape of citrus groves and open shoreline shapes the character of the area as much as the development itself.

Distances

Blocks and Apartment Distribution

The 533 apartments are distributed across four blocks, each rising 19 storeys:

Apartment Types and Layouts

Each format is planned around a terrace that extends the living area toward the sea. Sample units within the project illustrate the range:

Across the full inventory, studio residences range from 34 m² to 59 m² in total area, one-bedroom apartments from 52 m² to 141 m², two-bedroom apartments from 98 m² to 298 m², and three-bedroom apartments from 143 m² to 344 m², terraces included.

Interiors are delivered with refined finishes, wide panoramic windows, and modern layouts aligned to the view. Living rooms, bedrooms and kitchens are planned with premium materials, while the loft residences are arranged over two floors with a ground-level living and dining area connected to the bedrooms above.

Facilities

The amenity programme is organised into zones across the site: a Care Zone building, outdoor activity areas, a Plaza running from the entrance to the shoreline, and the beach and lounge area.

Wellness and leisure

• Spa centre with massage rooms, sauna and steam rooms
• Indoor swimming pool with climate control
• Outdoor swimming pool and children's pool
• Fitness centre, yoga area and exercise area
• Indoor cinema and outdoor cinema
• Performance area and music studio
• Library and offices

Outdoor and sport

• Private seafront beach and public beach
• Tennis court, basketball court, football field
• Golf area and fishing area
• Bicycle and walking paths
• Children's playground, indoor children's play area and kindergarten
• Communal gardens and picnic area

Daily life and services

• Restaurant, café, pool bar, beach bar, lounge bar and plaza bar
• Supermarket and shops
• Party and relaxation areas
• Car wash area and rentable storage units

Parking and Everyday Detail

The development provides 533 private parking spaces and 113 shared parking spaces, together with dedicated bicycle parking. Supporting services such as the car wash area, music studio and rentable private storage units are planned into the scheme from the outset rather than added later.

Project Specifications

Turkish Title and Ownership

Every apartment within Project 123 carries freehold Turkish title. In a property market that holds several different deed categories, this distinction carries significant weight and is often among the first points buyers assess, frequently before location or interior specification.

This ownership structure forms the foundation of the project's positioning in Gaziveren. It is presented not simply as a seafront residence, but as a property class with a clearly defined legal status.

Project 123 Payment Plan

The payment plan is structured around a 35% down payment, with the remaining balance spread across 36 monthly instalments at 0% interest.

Current list prices start from £51,300, with the completion date set for December 2028. Entry prices by apartment type are as follows:

The structure places a defined share of the investment at the outset while distributing the balance over a fixed three-year term rather than tying it to a single handover payment.

Project 123 brings together a 24,084 m² seafront site, a resort-scale amenity programme and freehold Turkish title in a privileged coastal position on Güzelyurt Bay.