Luštica Bay: a unique resort complex
The unique Luštica Bay resort complex opened in Montenegro in 2018. In a short time, it has become popular among tourists from different countries. As the resort continues to develop, the real estate market is growing. This, in turn, attracts investors seeking a stable income. Luštica Bay offers turnkey properties from the developer. These properties can serve as personal residences or be rented out.
Orascom Development is implementing the project. The company builds resort towns around the world. Its portfolio includes notable projects in Switzerland (Andermatt) and Egypt (El Gouna). Currently, Orascom is developing a large-scale resort in Montenegro. It ranks as one of the largest projects in the country. Luštica Bay will also play an important role in developing local tourism. The project involves a partnership with the Montenegrin government. The state owns 10% of the shares. This demonstrates the importance of Luštica Bay at the national level.
The resort is suitable for vacationing and permanent residence. It has all the necessary infrastructure. In particular:
– a picturesque promenade for walking;
– a full-service yacht harbor;
– five private beaches;
– pedestrian areas and green parks;
– shops, cafes, and restaurants;
– fitness centers and SPAs;
– a kindergarten, a school, a bank, and other important institutions.
A management company works for investors. The company handles current tasks, from repairs to finding tenants. The company is also responsible for security and provides free transportation around the city.
Real estate in Luštica Bay is purchased through the developer. Its own legal department accompanies the purchase process at every stage. The transaction takes place on a turnkey basis, making it as easy as possible for the buyer. Previously, only new buildings were offered. Now, however, there are also properties on the secondary market for sale. These properties are available to buyers from more than 40 countries.
Luštica Bay property overview
The real estate market in Luštica Bay offers a variety of options, ranging from compact apartments to spacious penthouses. Properties with sea views, private terraces, and private gardens are especially popular.
In the central part of the resort, near the waterfront, there are premium residences, such as Marina Village. Here, you can find unique penthouse layouts valued for their privacy and proximity to infrastructure.
One- and two-bedroom apartments regularly appear on the secondary market. They offer spacious balconies, convenient layouts, and panoramic views. These properties are well-suited for personal residence or rental.
It is important to note that the supply in Luštica Bay is limited. This is especially true of the secondary market, where desirable properties quickly find buyers. Therefore, interest in real estate here remains consistently high.