It is divided into four parts, numbered by Roman numerals: Liman I (with University campus), II, III and IV, which match the chronology of its development.

The neighbouring neighbourhoods are: Telep in the west, Adamovićevo Naselje, Grbavica and Stari Grad in the north, and Ribarsko ostrvo (not a settlement, but tourist destination) in the south.

With the expansion of the Ottoman Empire to the western and northern shores of the Black Sea, the word spread by the Turks to eventually enter the Bulgarian, Romanian, Ukrainian, Russian and Serbian language vocabularies.

Little Liman was in the area of today’s city centre (Stari Grad), and until the early 1930s there were ponds, sandy beds, water plants, willow trees and meadows.

It started from the Futog forests and extended all the way to the streets of Aleksa Santić, Lasla Gala and the railway (on present-day Grbavica and Stari Grad).

The main thoroughfare in the settlement was Fruškogorska Street, which leads to Štrand, a newly made city beach at the time.

With World War II and the start of the People's Liberation Struggle (1941), in addition to attempts to blow up the military garage and the gasoline depot, the most successful diversion on Liman near the railway station was on September 11, when 124 telephone and signal cables were cut and a pump to supply steam locomotives with water was disabled.

The university town was built in the eastern area of the former Great Liman and residential buildings with accompanying facilities and corresponding infrastructure were erected.

Further revitalisation of the former Chinatown (industrial zone; former silk factory buildings) is planned, with an area left for the construction of a memorial center for the victims of the Novi Sad raid.

[5][6][7] Plans exist to expand the Štrand beach downstream and refurbish the beach area with more entertainment options and accommodations, moving the rowing club "Danubius 1855", kayak canoe club "Vojvodina" and the restaurant "Cesla" to Kamenička Ada upstream.

[8][9] SKCNS Factory is a planned multifunctional city concert hall that was under construction since 2017, located in the University campus area.

The bicycle rally paths would often go through or at the edges of Liman neighborhoods, allowing locals from all walks of life and age ranges to participate in the event.

The neighborhood has numerous privately owned bakeries, restaurants, and cafes, showcasing typical Serbian and international food and drinks.

Most Liman residence also use the commercial areas at the very edge of Grbavica, Adamovićevo Naselje, Stari Grad, Telep neighborhoods.

The headquarters of Naftna Industrija Srbije (Oil Industry of Serbia) and "Agrovojvodina" are all located in Liman III.

Historically, there were several factory zones located in the Liman area, all slowly closed and dismantled with the further development of the neighborhood.

Historically, the first Novi Sad railway station existed the area of modern day Liman and Grbavica.

Within Liman 1 is the University City (Student City) of the University of Novi Sad with the Rectory and Faculties of Technical Sciences, Agriculture, Philosophy, Law, Natural Sciences & Mathematics, Technological and Economics, as well as the Higher Economic-Commercial School.

The university city also includes the Faculty of Sport & Physical Education, located on the north side of Cara Lazara Boulevard in Star Grad.

To the south of Liman is the picnic and recreation zone of "Ribarac" (Fishermen Island), where the Danube lagoon "Šodroš" is used as a rowing and sailing path, and anchorage of river vessels.

The area has a small church chapel dedicated to Saint Stefan (currently the only religious building in the entirety of Liman neighborhood) for the soldiers stationed there.