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Olivia Residences is an exclusive gated community of 13 modern villas set in Pernera — the residential heart of Protaras on Cyprus’s sought-after east coast. Developed by Karma Developers, the project takes its name from the venerated olive tree: an enduring symbol of regeneration and Mediterranean living, whose qualities of resilience and quiet beauty are reflected in the design of each home.
Available in 2 and 3 bedroom configurations, with buildable areas ranging from 128 m² to 157 m² on plots of 197 m² to 353 m², each villa is designed around an open-plan living philosophy — bringing the warmth of Cyprus’s year-round climate indoors and outwards to private walled gardens and mosaic-tiled swimming pools. Every unit is built to an A energy rating and finished with marble and imported tile surfaces, granite kitchen worktops, and high-standard aluminium double-glazed windows.
Each Olivia villa is designed to take full advantage of Cyprus’s climate and natural light. The ground floor features a spacious open-plan living area with a large modern kitchen, dining space, and a salon with floor-to-ceiling sliding double-glazed doors that open directly onto the private garden. Upstairs, 2 or 3 large bedrooms are arranged for privacy, with one en suite bathroom.
The private garden wraps around a mosaic-tiled pool set within a walled terrace — an outdoor living space designed for year-round use in Cyprus’s mild Mediterranean climate. Private covered parking is included with each villa.
700 Metres from Marlita Beach — Steps from the Upcoming Protaras Marina
Olivia Residences sits in Pernera — an area identified in 2026 as having “high investment potential due to the shortage of seaside land” along the Protaras coastline. Marlita Beach is a 700-metre walk from the development. The forthcoming Protaras Marina, which is reshaping the area’s investment appeal, is just minutes away by car.
Within easy walking distance are international restaurants, nightly entertainment, traditional cafes, markets, and shopping. Hospitals and international schools are a 5 to 10 minute drive. Larnaca International Airport is 50 km away — approximately 45 minutes via the highway — making the east Cyprus coast one of the most accessible coastal markets in Europe for international buyers.
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