About Luštica Bay

Luštica Bay is a sustainable year-round settlement on the Montenegrin coast, in the heart of the Mediterranean. It is a destination created to offer a genuine experience and the sense of community belonging to its residents, amidst stunning natural beauty. Situated on the Luštica peninsula, the complex of Luštica Bay covers 690 hectares of land bank area, 7 kilometres of coastline and only 10% of the land area developed into an integrated town with sophisticated architectural solutions, laid upon innovative technologies and highest environmental standards. Development of Luštica Bay entails commitment to environmental stewardship, and preservation of cultural heritage and local architectural authenticity. The settlement comprises and further develops luxury hotels, villas and suites, leisure and retail facilities, marinas, golf courses and supporting infrastructure. The housing starts at EUR 109,000 (as per the current lowest ATS price) per studio apartment in Centrale, the town centre.

Luštica Bay is the first greenfield investment in Montenegro, estimated at EUR 1.1 billion, with built-in infrastructure worth EUR 90 million. Luštica Bay project is developed by Luštica Development Inc, established in 2008, and is owned by the Swiss-based Orascom Development Ltd. and the Government of Montenegro. Orascom Development Holding is a leading global investor and developer of fully integrated destinations, transforming locations of untouched natural beauty into modern urban habitats, in compliance with top-notch environmental and sustainability standards. Orascom has a pipeline of projects in three continents and eight countries, including Egypt, Jordan, UAE, Oman, Morocco, Switzerland, United Kingdom, and Montenegro. For more information on the Luštica Bay project, please visit our web site www.lusticabay.com and follow us on social media Twitter, LinkedIn, Instagram and FB.