In recent years Montenegrin tourism authorities have made a particular effort to shift the tourist trade away from low-budget package holidays into high-end luxurious projects that attract wealthy visitors. This has made the market more attractive to foreign investors with an appetite for high returns.
Presented below are a handful of current successful foreign investment projects in Montenegro, with plenty more planned in the near future.
Aman Sveti Stefan is a story in two parts. One is a beautifully preserved 15th-century fishing village on a fortified islet; the other, on the mainland, is the shore-side former summer home of the Queen Maria of Yugoslavia – a rustic retreat and a royal residence connected by an isthmus. Together, these historic properties occupy an 80-acre patch of Montenegro’s wildly beautiful coast, including three idyllic swimming pools and a trio of pink-sand beaches that are among the most beautiful on the Adriatic.
Aman Sveti Stefan is divided between Sveti Stefan island and Villa Milocer on the mainland. While the island and its facilities are open seasonally from 1 May to 24 October, Villa Milocer and the Aman Spa on the mainland remain open year-round.
Spaces for rejuvenation are dotted across the resort, from the standalone spa to the three pools, Turkish baths and a yoga pavilion
Positioned at the elegant entrance to Boka Bay, with close proximity to the two historic Medieval towns of Perast and Kotor, and the Adriatic Coast, One&Only Portonovi will be a vital part of the new luxury lifestyle development that is helping to catapult Montenegro into the spotlight.
Sun-seekers will rejoice in its pristine beaches and unparalleled sailing expeditions, nature enthusiasts will delight in the endless hiking opportunities, while culture connoisseurs will be instantly drawn to the cobbled streets, fresco-filled churches and maritime museums.
One&Only Portonovi is a rare nautical playground with a marina out front where you can charter a super yacht, classic speedboat or wind-surf board. Take it easy on the calm waters of the Bay or test your skills in the Adriatic.
Amid majestic colonnades and signature terracotta rooftops, you’ll uncover plenty of places to play and to pause. Lush green gardens, pristine tennis courts, a private golden sand beach, and no less than six sparkling pools.
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 and leisure and retail.
Located in the UNESCO protected Bay of Kotor, Porto Montenegro combines a spectacular lifestyle destination with a world-class, full-service marina and luxury residential village offering premium real estate for sale and rental in this part of the Mediterranean.
Complementing the waterfront residences and impressive 450-berth marina is an international retail and dining scene, with world-class gastronomy, elegant bars and bistros, as well as an array of sports, leisure and cultural amenities, bringing together established international brands and local businesses.
A dynamic mix of over 80 retail units encompasses fashion and accessories, day spa and hair salon, yachting services and amenities, and of course, quality F&B outlets, giving the destination a year-round appeal.
Luštica Development AD was founded in 2008 as a joint venture between Orascom Development Ltd. (90%) and the Government of Montenegro (10%). As a subsidiary of Swiss Orascom Development, Luštica Development AD is the national project company responsible for developing, building and operating Luštica Bay.
The project site is an inspiring, wonderfully secluded area along the Luštica peninsula, where rolling hills cascade down to an idyllic coastline. Its 690-hectares will be sensitively developed into a fully-integrated, new town in Montenegro with a state-of-the-art infrastructure. It will mark the biggest investment in Montenegro yet (1.1 billion Euros) and after completion will host a few thousand residents, more than 1000 apartments, more than 500 villas and townhouses, seven hotels, two marinas, a signature 18-hole golf course and a range of public facilities including a school and medical facility.