The Peaks at Luštica Bay

The Peaks establishes Montenegro as a golf destination while creating the country's first golf-adjacent residential community. This represents primary market entry into a sector that generated €463 million in foreign real estate investment across Montenegro in 2023, with coastal properties showing 49.1% price appreciation.

Site and Location Fundamentals

The 86-hectare development sits on Luštica Peninsula, positioned between the established Marina Village and the emerging golf course. This location provides immediate access to Luštica Bay's existing infrastructure, 115-berth marina, The Chedi 5-star hotel, four beaches, and 30+ retail establishments—while offering exclusive access to Montenegro's first championship golf course.

The site's elevation ranges from 130 to 310 meters above sea level, creating natural privacy tiers and ensuring every residence captures both mountain and sea perspectives. This topographical advantage cannot be replicated in flatter coastal developments.

Gary Player Championship Course Design

The 18-hole, par-72 course spans 6,519 meters with dramatic elevation changes that Gary Player describes as "extraordinary natural beauty." The course joins fewer than 10% of global golf facilities offering sea views from every hole. Senior Designer Steven McFarlane incorporated stepped fairways and strategically placed bunkers that work with the natural slopes rather than against them.

The course features innovative island tees designed to reduce water consumption while preserving native vegetation. This sustainable approach aligns with Montenegro's environmental standards while creating a year-round playing surface suitable for all skill levels.

Botanika Residences - The Premier Collection

Apartments (100-170m², 1-3 bedrooms)

‍Hillside positioning provides golf course frontage with sea views. Open-plan designs feature custom kitchens with Miele appliances, private balconies, and optional luxury upgrades. The 20% terrace allocation ensures substantial outdoor living space. Communal areas include pools, barbecue facilities, and children's play areas.

Townhouses (168m² interior plus 750m² private land)

‍Three-bedroom configurations include private pools, gardens, and stone terraces. Indoor-outdoor design principles maximize the Mediterranean climate through floor-to-ceiling windows and covered outdoor dining areas. Underfloor heating provides year-round comfort.

Villas (253-400m², 2-5 bedrooms)

‍Block722's architectural vision creates stone-walled residences with private infinity pools and extensive outdoor entertaining areas. Each villa includes dedicated home office space, private gardens, and outdoor fire pits. The largest configurations offer 400m² of interior space plus substantial terraced gardens.

Investment Infrastructure Context

Luštica Bay's broader 690-hectare masterplan provides investment security through planned development phases. Current completion stands at approximately 10% of the total vision, with over 400 families already established as residents. The development's conservative approach—building on only 10% of total land area—ensures long-term environmental sustainability and property value protection.

Existing infrastructure includes:

• 115-berth marina with expansion planned to 220 berths
• The Chedi 5-star hotel (operational)
• Four beaches with water sports facilities
• 4.9km coastal promenade (Lungomare)
• Centrale town center with retail, dining, and services
• International school facilities
• Medical and emergency services

Market Timing and Fundamentals

Montenegro's real estate market showed 30.9% annual price growth in March 2024, with coastal properties commanding €2,107 per square meter. The country's GDP growth of 3.7% in 2024, combined with EU accession candidacy, creates favorable long-term investment conditions.

Foreign direct investment in Montenegro's real estate reached €463 million in 2023, with buyers primarily from Serbia, Turkey, Germany, and the United States. The introduction of progressive property tax in January 2024 has stabilized speculative activity while maintaining strong underlying demand.

Rental Yield Performance

Montenegro's coastal rental market delivers 5.08% to 6.67% gross yields, with properties in premium developments commanding higher rates. The combination of golf course access, sea views, and limited supply positions The Peaks for superior rental performance relative to standard coastal properties.

Short-term rental opportunities benefit from Montenegro's growing tourism sector, with coastal areas experiencing increased visitor numbers year-over-year. The golf course addition creates year-round rental demand beyond the traditional summer season.

Developer Track Record

Orascom Development Holding brings 31 years of international development experience, having delivered nine vibrant communities across seven countries. Their portfolio includes over 7,000 residential units, seven marinas, and 33 hotels across diverse markets from Egypt to Switzerland.

The company's approach emphasizes long-term community building rather than quick project completion, ensuring sustained value creation for early investors. Their commitment to Montenegro includes full project lifecycle support, from construction through ongoing community management.