Gżira, is established between Msida and Sliema, touching Ta’ Xbiex at a point, is a town named after an island (Gżira translates into 'island') that is found directly opposite the Grand Harbour and Manoel Island. Gżira is an old town mostly developed as a working class village that grew out of the need for housing for the numerous workers who were employed in and around the port. Since it was quite centrally located, and located by the sea, Gżira effectively became an extension of the affluent town of Sliema, enjoying views of the capital city Valletta across the harbour. Being close to Valletta (15 minutes by ferry) and the University of Malta, and being of interest to various local and foreign businesses, it is home to a vibrant and continuously modernized community.
Sought After Areas
Gżira Parish Church
Apartments in Gzira – Summary
The town is up and coming with projects such as Metropolis, a 6674 m2 residential and commercial development, and the imminent construction of a lifestyle multi-use residential and commercial property development that will include a 5 star hotel resort on Manoel Island, earmarked to take shape before the end of 2020. Plenty of developers are seemingly becoming interested in purchasing properties within this area with the intention to develop apartment buildings and commercial outlets around and about the coastal areas.
Prices in Gzira
2015 3 bedroom apartment cost €170,000 to buy
2015 3 bedroom apartment cost €500 to rent monthly
Why Live in Gzira?
Gżira offers something for everyone, but mostly for the metropolitan, working individual or family. The most common kind of property here are apartments and maisonettes, be it in modern blocks or older estates. A small selection of quaint townhouses in the heart of town is also available. Some of which are unconverted, offering great possibility for personalisation. Gżira has a long promenade enjoying lateral views of Manoel Island and Valletta. The promenade keeps stretching on to Sliema and Tigné Point Showrooms and shop spaces constantly being generated. All in all, investing in a property in Gżira can work both as a residential rental, as a holiday rental or as a business establishment.