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Esentepe, Northern Cyprus · OMAG Development

The Reverie

A beachfront resort between the Kyrenia mountains and the sea

Apartments from studios to two-bedroom lofts with roof terraces, with a private beach, pools and a spa within the resort.

from £130,000Studio with garden, Mountain Side
55–105 m²from studio to two-bedroom loft
180apartments in 14 buildings
03.2027planned handover*
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About the project

A resort that begins on the beach

The Reverie is an off-plan development by OMAG Development in Esentepe, on the north coast of Cyprus, around 25 minutes from Kyrenia. The project comprises apartments in two zones — Sea Side by the beach and Mountain Side facing the mountains — along with commercial buildings and resort facilities.

It is the development closest to the centre of Esentepe village. A rental management team is based on site, so the apartment can be let without you needing to be there day to day.

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Visualisation: The Reverie pool bar and buildings
Two zones, one resort

Sea Side or Mountain Side?

Drag the slider to compare. Both zones share the same resort facilities — they differ in position, view and price.

Visualisation: the Mountain Side zone with mountain views
Visualisation: beach club and beach in the Sea Side zone

Sea Side

Buildings A1–A7 and B1, next to the beach and beach club. Sea Side Exclusive (A1–A4) is the area closest to the sea.

Mountain Side

Buildings C1–C5 and D1 with mountain views, linked to the beach by an underpass. This is where the lowest prices start.

Private beach and beach club

On the Sea Side, with sun loungers and cabanas.

Pools

Pools next to the buildings in both zones.

Spa and hammam

A relaxation and wellness area within the resort.

Gym and yoga areas

A gym and outdoor activity areas.

Seafront restaurant

Restaurants on site.

Supermarket and shops

5 commercial buildings in the project.

Roof terraces

BBQ area, mini-kitchen and shower; jacuzzi optional.

24/7 on-site service

Rental management team and maintenance service.

Visualisation: roof terraces with jacuzzi
Roof terraces
Visualisation: outdoor activity area
Activity area
Visualisation: commercial building with retail units
Commercial buildings
Gallery

See The Reverie up close

Developer visualisations are for illustration only. Click an image to enlarge it.

Location

Esentepe, Northern Cyprus

A quiet stretch of coast with low-rise buildings, a golf course and mountains in the background. Kyrenia is around 25 minutes from the resort.

  • Golf courseKorineum Golf & Beach Resort
  • Marinaunder construction, with a hotel and casino
  • Public beachesnext to the project
  • Aesthetic medicine clinicplanned nearby
  • Restaurantsincluding two on the beach
  • Supermarket and pharmacywithin walking distance
  • Petrol stationwithin walking distance
  • Nursery schoolin the area
Map of the area around The Reverie: harbour, nursery school, clinic, beaches, petrol station, restaurants, supermarket, marina, Esentepe village

Map of the area based on the developer’s materials. Some facilities are under construction or planned.

Resort plan

Choose a building

Click a building marker to see its zone, the number of available apartments and prices.

The Reverie site plan with buildings A1–A7, B1, C1–C5 and D1 marked
Apartments and floor plans

Generous floor areas, terraces made for living

On the local market, a 55–60 m² studio is the size of a one-bedroom apartment. The lofts have a mezzanine and a fully fitted roof terrace.

Prices and availability

Current prices apartments

Prices according to the developer’s price list of 22.09.2026. We show available and reserved units; sold units are not included. Choose a zone to narrow the list.

UnitType and sizeZonePriceStatusPayment schedule

Prices in GBP, excluding taxes and transaction fees (see the payment schedule). Availability changes all the time — we confirm it with the developer before you reserve.

Payment schedule

35% up front, the rest in 0% monthly instalments

You reserve an apartment with a £5,000 payment and top up to 35% of the price within 30 days. You pay the remaining 65% directly to the developer, with no mortgage and no interest — in the standard plan in 6 monthly instalments up to the handover of keys in March 2027, or in the extended plan in 24 monthly instalments (developer’s price +3%).

35% up front65% in instalmentscosts
Apartment price—
First payment (35%)—
Monthly instalment × 6—
Taxes and fees (estimate)—
Total—

C3/8

1 Bedroom Loft Penthouse · Mountain Side
£192,000
DatePlanGBPDescription
Short-term rental simulation

See how the numbers change with the assumptions

This is a simulation, not a forecast. The nightly rate is matched to the apartment type based on data for Esentepe and Kyrenia, and occupancy to the results of the best-performing listings in the area. You can change each value with the slider. Gross yield is calculated on the apartment price, before costs. The net result — after rental costs and fees, on the total investment — can be expanded below the result.

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Gross yield

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Gross revenue / year—
Apartment price—contract price in the selected plan

ScenarioADROccupancyGross / yearGross yield
Show the net result — after rental costs and fees
Rental costs and fees / year—
Net income / year—
Total investment—price + taxes and fees
Net return / year—net ÷ total investment

ScenarioADROccupancyCostsNet / yearNet return
Illustrative simulation — not a forecast or a promise of income. Nightly rates: the average from Global Rentier’s market research for Esentepe (09.2026) and data for the top 25% of premium listings in Kyrenia (AirROI, 09.2025); occupancy: the levels of the top 25% and top 10% of listings in Esentepe (AirROI, 08.2025–07.2026). Gross yield is calculated on the apartment price, before rental costs, fees and taxes. Renting is possible once the building is handed over; income is not guaranteed and may be lower. Any decision requires an individual analysis.
Visualisation: roof terrace with dining area and sea view
Finishing standard

Ready to rent from day one

VRF system

Air conditioning and heating included in the apartment price.

Suspended ceilings

With full lighting.

Fitted wardrobes and bathrooms

Built-in wardrobes and finished bathrooms.

Double-glazed windows

Argon-filled.

Thermal insulation

Comfortable temperatures and lower energy use.

Acoustic insulation

Reduces outside noise.

Optional extras

  • Furniture and appliance pack — approx. £10,000
  • Jacuzzi on the roof terrace
  • Underfloor heating
Developer
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years of experience of the OMAG group

The OMAG Group was founded in 1978. It is active in investment and in residential, commercial and industrial construction, and brings together companies working in engineering, sales, marketing and management.

OMAG Development

Real estate, investment, design and end-to-end project support.

OMAG Ltd

Since 1978: mechanical works, cooling, heating, ventilation and air conditioning.

OMG Investment

Investment in construction, education, hospitality and sports projects.

Vipera Construction

Infrastructure and earthworks projects, including for government agencies.

The group’s investments in Northern Cyprus:

Pop-Art student residence — over 700 bedsGloria Jean’s Coffees and Domino’s Pizza franchisesNess Club — a 3,500 m² sports complex
Rental management

Model hands-free

The on-site team looks after the apartment from the photo shoot to guest check-out. You receive a monthly financial report.

Marketing and bookings

Professional photos and a virtual tour, with listings on international platforms.

AirbnbBookingVRBOOwn website

Guest service and cleaning

Full service from booking to check-out, with regular and deep cleaning.

Maintenance and pricing

Technical maintenance, dynamic pricing by season and demand, competitor analysis.

Rental income is not guaranteed and depends on factors such as occupancy, rates, seasonality and management costs. We will prepare an individual calculation with its assumptions set out during the consultation.

How to buy with Global Rentier

From first call to the keys

Free consultation

We get to know your goals, budget and investment horizon.

Choosing an apartment

We show you the available units, floor plans and the full purchase costs.

Legal protection

An independent lawyer checks the title, the land and the contract — representing only you.

Handover and rental

You take over the apartment and an operator takes over rental management.

Would you like to see the development in person? We organise investment trips to Esentepe, including a site visit and a meeting with the developer.

Before you decide

Risks we talk about openly

Every investment in property abroad needs an individual analysis. These are the key issues to discuss with an adviser and a lawyer.

Buying off-plan

Handover may be delayed, and the finished building may differ from the visualisations. Payments go to the developer before construction is complete, so the contract terms and checking the developer are essential.

Legal status of Northern Cyprus

Northern Cyprus has a specific international status, which affects matters such as title deeds, financing and resale. The land title and the contract should be checked by an independent lawyer.

Currency and additional costs

Prices and instalments are in GBP, so the cost in your own currency depends on the exchange rate. Taxes, registration fees, utility connections and any furniture are added to the price.

Rental income and property value

Rental income and the future value of the apartment are not guaranteed. They depend on market conditions, tourism, competition, management costs and regulations.

Taxes and liquidity

The tax consequences depend on your residence and circumstances — discuss them with a tax adviser. Selling property abroad may take longer than in your home market.

Contact

Let’s talk about your apartment at The Reverie

We will check current availability and prepare a full breakdown of costs and the payment schedule for the unit you choose.

Book a free consultation

Leave your details — a Global Rentier consultant will get back to you, usually within one working day. Calls in English or Polish.

Disclaimer. This page is for information only and is not a binding offer, nor investment, legal or tax advice. Prices and availability come from the developer’s price list (as of 22.09.2026), and schedules and dates (*) from materials provided by the developer and Global Rentier. They may change — the terms of the contract apply. Visualisations are for illustration only.

Investing in property involves risk, including the risk of losing part of your capital. Every decision requires an individual analysis of the investor’s situation.

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