Developer Sales
Luštica Bay
£345,000
Luštica Bay is Montenegro’s most ambitious coastal development, a fully masterplanned 690-hectare town on the Adriatic coast that over 400 families from more than 40 countries already call home. Developed by the award-winning Orascom Development in partnership with the Government of Montenegro, Luštica Bay is fast becoming a premier destination for residents, holidaymakers, and investors seeking a secure, vibrant, and sustainable community.
Development overview
Luštica Bay represents a fundamental shift in Adriatic coastal development, creating Montenegro's first purpose-built international town rather than a traditional resort. This master-planned community spans 690 hectares of pristine coastline, with only 10% designated for development while preserving 90% as protected natural landscape. The result is an integrated coastal town that functions as both luxury destination and permanent residential community.
Orascom Development, in partnership with Montenegro's government, has created a development that addresses the full spectrum of coastal living needs. Rather than isolated resort facilities, Luštica Bay offers comprehensive urban infrastructure including schools, healthcare, shopping, dining, and recreational amenities that support both seasonal residents and year-round families.
Four Distinct Neighborhoods, One Integrated Community
The Peaks - Montenegro's Premier Golf Residences The most exclusive neighborhood features Montenegro's first 18-hole Gary Player-designed championship golf course, with 145 residences offering uninterrupted views of both the Adriatic Sea and Boka Bay. Botanika residences include luxury villas, townhouses, and apartments positioned above the course's opening holes, with completion beginning Q4 2025.
Marina Village - The Flagship Waterfront Community Home to over 450 delivered residences, Marina Village serves as Luštica Bay's established heart with a 115-berth marina, The Chedi five-star hotel, and vibrant promenade dining and shopping. The final Jasmin and Visterija residences offer the last opportunity to join this 90% sold-out community.
Horizon - Exclusive Hillside Privacy Designed for ultimate privacy and seclusion, Horizon offers elevated residences with panoramic sea views, infinity pools, and lush gardens. This hillside community provides the perfect balance of privacy and connectivity through dedicated shuttle services to all Luštica Bay amenities.
Centrale - The Urban Heart Montenegro's first integrated town center, Centrale features over 20,000 square meters of public spaces, comprehensive amenities from international schools to sports facilities, and a vibrant Piazza that serves as the community's cultural and commercial focal point.
Comprehensive Infrastructure and Amenities
World-Class Facilities:
- 115-berth marina expanding to 220 berths
- The Chedi Luštica Bay five-star hotel (111 rooms)
- Montenegro's first 18-hole championship golf course
- International school for up to 180 students
- Private healthcare center and planned hospital
- Five beaches with dedicated sea lounges
- 4.9km Lungomare coastal promenade
- Comprehensive sports facilities including tennis, paddle courts, and sports village
Commercial and Cultural Amenities:
- 30+ restaurants and bars representing diverse cuisines
- Boutique shopping from international and local brands
- Art galleries and cultural programming
- Marina services and yacht facilities
- Spa and wellness centers
- Conference and event venues
Investment Context and Market Leadership
Luštica Bay's success reflects Montenegro's emergence as a premier European investment destination. With €400 million invested to date from the planned €1.5 billion total, this represents the largest single investment in Montenegro's history. The development's phased approach ensures sustainable growth while maintaining exclusivity and environmental integrity.
Market Performance Indicators:
- Over 400 international families established
- 90% of Marina Village inventory sold
- Significant waiting lists for premium inventory
- Strong resale market with appreciation trends
- Consistent rental demand across all property types
Award-Winning Design and Development
Luštica Bay's excellence is recognized through numerous international awards:
Recent Recognitions:
- 2023: The Project of the Future, Exclusive Awards Montenegro
- 2022: European Property Award for Best Mixed-Use Development Montenegro
- 2019: European Property Award for Best Residential Development Montenegro
- 2019: Eastern European Real Estate Awards for Best Resort Project
- 2018: The Luxury Network International Award as Best European Development
- 2016: Gold LEED Certification "LEED for Homes" project in Europe
Environmental Sustainability and Community Integration
The development adheres to strict environmental standards, including Gold LEED Certification and sustainable construction practices. Only 10% of the 690-hectare site is designated for development, with the remainder preserved as protected natural landscape featuring native vegetation and traditional olive groves.
Sustainability Features:
- LEED Gold certification for environmental excellence
- Native vegetation preservation and enhancement
- Sustainable water management systems
- Energy-efficient construction standards
- Waste reduction and recycling programs
- Public transportation systems reducing car dependency
International Community and Cultural Integration
With residents representing over 40 countries, Luštica Bay creates a truly international community while respecting local Montenegrin culture. The development supports local employment, preserves traditional architecture, and integrates with regional cultural and historical sites.
Community Demographics:
- 400+ families from 40+ countries established
- Growing population of permanent residents
- Seasonal peak population of 3,500+ residents
- International school supporting family residents
- Cultural programming celebrating both international and local traditions
Payment plan
Unit avaliability
Location
Luštica Bay occupies 690 hectares of Montenegro's pristine Luštica Peninsula, positioned between the historic bays of Trašte and Kotor. This strategic location provides access to UNESCO World Heritage sites while maintaining exclusivity on protected coastline that cannot be replicated elsewhere in Montenegro.
Transportation and Accessibility:The development benefits from exceptional connectivity to major European markets:
- Tivat Airport: 25 minutes (expanding international route network)
- Dubrovnik Airport: 45 minutes (Croatian access point)
- Podgorica Airport: 1 hour (Montenegro's main international hub)
Direct flights connect to London, Berlin, Paris, Munich, and other European cities with flight times under 3 hours. Internal shuttle services connect all neighborhoods, reducing dependency on private vehicles.
Regional Development Context
Montenegro's infrastructure investment program, supported by EU accession frameworks, continues expanding regional connectivity. The country's NATO membership (2017) and EU candidacy status provide political stability while government tourism strategies support luxury developments like Luštica Bay.
Environmental and Cultural Setting
The Luštica Peninsula features centuries-old olive groves, traditional stone villages, and protected coastal areas that government regulations preserve. This environmental protection ensures the development's natural setting remains unspoiled while supporting long-term property values.
The broader Bay of Kotor region, including UNESCO World Heritage sites Perast and Kotor Old Town, provides cultural context that supports year-round tourism and sustained property demand. This combination of natural beauty and historical significance creates appeal that extends beyond traditional seasonal patterns.
Investment Climate
Montenegro's favorable investment environment includes full foreign ownership rights, no restrictions on property rental or resale, and residency permit eligibility for property purchasers. The country's Euro adoption eliminates currency risk while providing monetary stability for international investors.
Key features
Investment case
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