Montenegro: Take A Sneak Peek Into The Top 3 Development Projects In Montenegro

Last Updated: 25 September 2018
Article by Bojana Minic

With just 650,000 inhabitants and total area of 13,812 km2 Montenegro is considered to be the smallest country in the Balkans. It is frequently said that it is actually a small country with a big Government-backed effort for multidirectional growth.

From the coast and up to the north, cornerstones have already been set up for many attractive projects and luxury marinas. This week we highlight the top 3 projects that are most attractive to investors and new citizens:

LUSTICA BAY

They call it "The town you call home" and it definitely is!

Situated in Traate Bay along the natural pearl Luatica peninsula, Luatica Bay is perfectly positioned between the coast and the mountains posing as its backdrop.

Developed by Orascom Development, Lustica's investment project is expected to be worth approximately EUR 1.1billion.

Luatica Bay is going to offer a wide variety of properties, two world-class marinas with mooring and docking facilities for 226 vessels, seven hotels as well as a Gary Player signature, 18-hole championship golf course, shops, restaurants and cafes, sporting facilities, schools and medical centers to cater to the community that it is set out to develop.

As Montenegro is considered an emerging development hot-spot, early buyers are sure to benefit from a low entry price and price appreciation over time.

Today, Luatica is developing rapidly and recently opened an amazing hotel, The Chedi Hotel.

PORTONOVI

Porto Novi is the home to the first One & Only resort in Europe and it's inspiringly different!

Developing as a world-class resort community that is located in the UNESCO- protected Boka Bay, the Montenegrin jewel attracts with its chalk white coastal churches and picturesque fortified towns. Enveloped in the exquisite Bay, Portonovi is the home to a new EUR 800 million, 64 acre mixed-use luxury development.

The vision for Portonovi has been thoughtfully crafted by Azmont Investments.

Here are the latest construction updates:

PORTO MONTENEGRO

Previously a historic naval base, the site's transformation into a luxury yacht marina has been led by some of the world's most respected business figures including UK businessman Lord Jacob Rothschild, the founder of luxury conglomerate Louis Vuitton and Moët Hennessey, Bernard Arnault, and Peter Munk, founder and former chairman of Barrick Gold.

In 2016, Porto Montenegro was acquired by the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai with investments spanning financial services, transportation, energy and industries, real estate, leisure and retail.

Today, Porto Montenegro is one of the ultimate supyacht marinas and villages.

Next to many village amenities, the marina includes hotels as well, such as Regent Hotel and Regent Pool Club Residences.

* To find out more about these projects and offered properties, that might be an outstanding asset to your Montenegrin residency permit or citizenship, feel free to get in touch with our team!

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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