Universal, Kato Paphos, Cyprus
Elysia Blu
Resort-style apartments with fully managed rental income, a 10-minute walk from the Paphos seafront
2- & 3-bedroom apartments
Projected yields up to 5.6%
Universal neighbourhood, Paphos
An Overview of Elysia Blu, Kato Paphos, Cyprus
Elysia Blu is a master-planned resort community from Pafilia, one of Cyprus's most established developers, set in the popular Universal neighbourhood of Kato Paphos. The development brings together 200 apartments across 10 contemporary buildings, surrounded by landscaped gardens, resort pools, a wellness spa and a full suite of hotel-style facilities. Every apartment joins a fully managed short-term rental programme run by an experienced hospitality team, so owners benefit from rental income with no day-to-day involvement.
Investors can choose between a guaranteed income of €1,600 per month on a two-bedroom apartment, or a revenue share model projected to deliver 5.6% at 72% occupancy. As part of a registered resort, purchases also qualify for a full 19% VAT refund, and owners keep up to three weeks of personal use each year for their own Mediterranean escapes.
Elysia Blu is in one of the most popular areas for apartments for sale in Paphos, close to supermarkets, cafés and the seafront promenade, with Paphos Harbour and the UNESCO-listed Archaeological Park a short drive away. Pafilia's track record includes the neighbouring Elysia Park and the award-winning Minthis resort. You can compare Elysia Blu with our other Cyprus developments, Cap St Georges Villas on the west Paphos coast, Niero City Apartments near Protaras and Metropolis in Larnaca, or browse all our international developments. To talk through the investment options, speak to our team.
Key Details
- 200 apartments across 10 buildings
- 2- & 3-bedroom apartments, 1,184 sq. ft – 2,325 sq. ft
- Prices from €515,000 + VAT
- Completion Q4 2028
- Guaranteed income of €19,200 per year on 2-bedroom apartments (reviewable after 2 years)
- Revenue share option: 60% to owner, projected 5.6% at 72% occupancy
- Full 19% VAT refund as part of a registered resort
- Bespoke €30,000 furniture package (required for the investment schemes)
- Owner use: 3 weeks in low season or 2 weeks in high season
- Energy rating A
Resort Living, Every Day
Amenities at Elysia Blu
Inside Elysia Blu
The Apartments
2-Bedroom Apartments
2 bedrooms, 2 bathrooms, private balcony, open-plan living
Please be aware that prices displayed for 2-bedroom units at Elysia Blu may reflect the lowest entry point available at the time of release. Availability and pricing are subject to change, and units at these prices may no longer be available.
3 Bedroom Apartments
3 bedrooms, 3 bathrooms, private balcony, open-plan living
Please be aware that prices displayed for 3-bedroom units at Elysia Blu may reflect the lowest entry point available at the time of release. Availability and pricing are subject to change, and units at these prices may no longer be available.
On the Map
Elysia Blu, Universal, Kato Paphos
▸ Paphos seafront and promenade – 10-minute walk
▸ Nearest beach – 2km
▸ Supermarket – 200m
▸ Pharmacy – 1km
▸ Schools – 2km
▸ Paphos Harbour and UNESCO Archaeological Park – short drive
▸ Golf – 14km
▸ Paphos International Airport – 18km
Related Developments
Metropolis
Cap St Georges Villas
Niero Apartments
Frequently Asked Questions
Elysia Blu is in the Universal neighbourhood of Kato Paphos, Cyprus, around a 10-minute walk from the seafront and a short drive from Paphos Harbour, the town centre and Paphos International Airport.
Elysia Blu is developed by Pafilia, one of Cyprus’s leading property developers, whose portfolio includes the neighbouring Elysia Park resort and Minthis.
The development offers 2- and 3-bedroom apartments ranging from 1,184 sq. ft to 2,325 sq. ft, with prices starting from €515,000 + VAT.
Owners of a 2-bedroom apartment can receive a guaranteed €1,600 per month (€19,200 per year), with terms reviewable after the initial two-year period.
Owners receive 60% of rental income, with 40% going to the operator to cover management costs. This is projected to deliver an estimated €29,408 net per year, equal to a 5.6% return at 72% occupancy.
Yes. Owners can enjoy up to 3 weeks of private use in low season or 2 weeks in high season each year.
As Elysia Blu is a registered resort, purchases qualify for a full 19% VAT refund, improving the net return on your investment.
A bespoke €30,000 furniture package is required for both investment schemes, delivering a fully furnished, rental-ready apartment.
Owner expenses include communal fees of €17 per sqm per year, electro-mechanical servicing and maintenance, comprehensive insurance and refuse collection of approximately €300 per year.
Completion is currently scheduled for Q4 2028.
Mediterranean Lifestyle
Elysia Blu in the Heart of Kato Paphos
Paphos is one of Cyprus’s most popular coastal destinations, combining a UNESCO World Heritage old town, a lively harbour and a seafront promenade lined with restaurants and bars. The Universal neighbourhood sits at the centre of it all, offering a calm residential setting within walking distance of the coast, with supermarkets, cafés and everyday amenities right on the doorstep.
For investors, this location means strong year-round appeal to holidaymakers. With a near year-round sunshine season and direct flights from across the UK and Europe into Paphos International Airport, resort properties here benefit from consistent short-term rental demand, supported by Elysia Blu’s professional hospitality management.
Hands-Off Investment
A Fully Managed Resort Built for Returns
Every apartment at Elysia Blu enters a fully managed short-term rental programme, with bookings, guest care, utilities and maintenance all handled by an experienced hospitality team. Owners choose between a guaranteed fixed income or a revenue share model designed to maximise returns.
For investors, this means genuine passive income with no day-to-day involvement, plus a 19% VAT refund on purchase, personal holiday use each year and a flexible exit option after two years.