Luštica Bay is ideally located amongst the splendour of Montenegro’s Luštica Peninsula at the entrance to the UNESCO world heritage site of the Bay of Kotor. Thanks to seasonal direct flights just six hours away with flydubai to Tivat, Luštica Bay is quickly set to become a hot destination for the GCC. Offering a luxurious Riviera escape, it’s a haven for both holidaymakers and property buyers thanks to its attractive residential offering and the introduction of the world-renowned luxury Chedi hotel brand as the first of seven hotels planned for the project.

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, a renowned international town developer, Luštica Development AD is the national project company responsible for developing, building and operating Luštica Bay and will remain a local partner for generations.

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 volume development in Montenegro yet (1.1 billion Euros) and after completion will host a few thousand residents, more than 1000 apartments in its first phase, 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.

The Marina Village opening marks the first phase of the sustainably developed Luštica Bay, which boasts an idyllic year-round luxury waterfront destination with authentic Montenegrin charm. Following its launch this summer, visitors and homeowners alike can make full use of the facilities which include a chic marina promenade, boutique shops and restaurants, a selection of waterfront apartments, hillside townhouses, and exclusive private villas; 50 berths of its first world-class marina – which will extend to 176 when fully complete – a private beach, and of course, The Chedi Luštica Bay.

Set between emerald waters and mountainous horizons The Chedi Luštica Bay takes prime position on the water’s edge within the Marina Village and marks the brand’s second hotel in Europe. Benefitting from the fully integrated resort development at Luštica Bay, the 111-key hotel boasts 45 rooms, six suites, and features condominiums including 55 rooms, four suites, and one penthouse for sale, making it one of the largest luxury hotels in the area.

The Chedi Luštica Bay has been designed by the acclaimed TVS Design studio from Atlanta Georgia in the USA, who have adopted a modern interpretation of the vernacular architecture, with a contemporary, fresh design by GG & Grace, taking advantage of the views and beautiful scenery by using materials that accent the pristine coastal location.

After such a successful milestone in 2018 with the completion of Marina Village, including the launch of The Chedi – the first of seven hotels, and the main marina, Luštica Bay announced Centrale – set to become the beating heart of Luštica Bay and coastal Montenegro. Centrale is the commercial and administrative hub, culture centre and verdant gathering space; a new focal point for the community and a metropolitan hub for the surrounding area. It is suited to young professionals and families, and ideal for secondary or vacation homes. The masterplan envisages a population of approximately 3,500 during the peak summer months, with up to 1000 permanent residents through the year.

Connected apartment blocks spanning four floors will be located on the main road, and in the central commercial area forming the heart of the new village. Moving out towards the edges of Centrale will be a range of detached apartment blocks spanning three floors and featuring nine to twelve apartments each. The residences vary from studios to three-bedroom apartments covering 45 to 110 square metres. The rooms flow naturally into balconies, open terraces, and courtyards making for seamless indoor-outdoor living.

Residential apartments and public buildings will sit side by side designed to reflect the local vernacular and to create a sense of privacy and space. Centrale will feature a range of shops, boutiques, restaurants, bars, galleries, entertainment, and public facilities. The first development phase will see the construction of a school for up to 180 students with sport courts, community space, supermarket, health care centre, and local emergency stations, covering both police and fire stations. The latter stages of development envisage a hospital or health care facility, and higher education institution.

There will be a range of green spaces to make the most of the clean sea air and year-long sunshine, the developer, Orascom Development Holding, has created a sustainable design that seamlessly integrates with the natural topography and makes the most of solar energy and natural ventilation. Centrale’s buildings, streets, and piazzas will be intermingled with park-land and native trees and plants, with green areas set to cover 23% of the area, and 5% to be public spaces with landscaping.

Property owners in Montenegro can obtain a residence permit for a period of one year, but the Montenegrin Government has also recently launched a new development programme, which provides buyers with the possibility of acquiring Montenegrin citizenship solely based on their investment.

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