Luštica Bay

Luštica Bay is a fully integrated coastal destination under development on the Adriatic Sea, already home to a diverse international community of more than 700 families from over 50 countries. Blending an authentic Mediterranean lifestyle with premium residential offerings and Montenegro’s first 18-hole golf course, the project represents a rare convergence of lifestyle excellence and long-term investment value.

Currently approximately 10% complete, Luštica Bay is progressing according to a comprehensive master plan designed to accommodate over 6,000 residents upon full completion. The finished development will comprise more than 3,000 apartments, over 300 luxury sea-view villas, and seven hotels, anchored by a Gary Player Signature 18-hole golf course. Infrastructure expansion includes a second marina with on-site Port of Entry and fuelling facilities, increasing total berth capacity to 220 and further enhancing the destination’s regional and international accessibility.

With a total investment value of approximately €1.5 billion, Luštica Bay represents one of the largest real estate developments in South-Eastern Europe and the largest greenfield investment in Montenegro. Sustainability and environmental stewardship are central to the project’s design: of the 690-hectare site, only 10% is allocated to built neighbourhoods, preserving the majority of the landscape as protected green areas with indigenous flora.

The community offers a highly differentiated lifestyle ecosystem, combining pristine beaches, swimming pools, sports and wellness facilities, hiking and cycling trails, a championship golf course, and vibrant public spaces featuring local markets and cultural experiences.

This holistic approach has translated into strong financial performance, with historical average annual property appreciation of approximately 13%, and further upside anticipated as key infrastructure—most notably the golf course—reaches completion.

Luštica Bay offers highly competitive investment terms, including 0% property transfer tax, interest-free payment plans of up to five years, and immediate rental income potential upon handover. Owners benefit from a professionally managed rental programme, comprehensive concierge services, and dedicated customer care, ensuring asset performance, operational efficiency, and a secure, high-quality living environment.