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Sale of luxury properties at Portonovi, Montenegro

By Sophie Demetriades on 28th July 2016

The hotly anticipated, exclusive first properties at Portonovi, Montenegro – the Adriatic’s newest luxury lifestyle destination – were released for purchase on 14th July 2016. The €650 million luxury development at Portonovi is set to make Montenegro the next destination for the discerning global traveller. The properties are being built on the secluded shores of Montenegro’s picturesque Boka Bay, with the first phase due to open in the second half of 2017.

The sophisticated properties will sit on a narrow and exclusive part of the bay, affording spectacular views from the properties and the perfect location for super-yachts to explore 300 kilometres of stunning coastline, as well as quick access to the Adriatic.

Artists impression of the marina properties
Artists impression of the Marina properties

The 26 hectare resort will comprise of 290 properties from luxurious, spacious town houses and apartments set in the heart of its Mediterranean-style village, to stylish villas in its landscaped gardens, to sleek penthouse apartments and sky villas with infinity pools overlooking the marina.The 113 properties currently on sale consist of 89 properties in the Lower Village and 24 in the Marina Apartments. All will be completed and ready for occupation by residents in the second half of 2017. The Prices for one bedroom apartments start from €450,000, two bedroom apartments from €1.1 million and villas from €2.7 million.

Property owners at Portonovi are being offered a selection of layout options by renowned architects, Harper Downie and CallisonRTKL. In addition Harrods Interiors has completed an entirely bespoke interior design scheme for the show apartments in Portonovi’s Lower Village. Portonovi’s discerning clients will be able to select elements, from furniture to wall coverings, or the whole scheme, and the highly reputed and exclusive Harrods Interiors will dress their new Montenegrin home.

Artist impression of Portonovi's Lower Village properties
Artist impression of Portonovi’s Lower Village properties

Ahmet Erentok, Chairman of Azmont Investments, owners of Portonovi, says: “We are creating a destination which will exceed expectations, providing some of today’s most enriching experiences that will become tomorrow’s benchmarks. From the high level of pre-registrations we have already received, we have every reason to expect ‎strong sales from the outset, and we look forward to welcoming the first residents to Portonovi next year.”

Portonovi will also be home to Europe’s first One&Only resort, One&Only Portonovi. Opening in 2018, it will feature approximately 140 ultra-luxury guest rooms, suites, villas, the Espace Chenot Health Wellness Spa, restaurants by award-winning chefs and world-renowned boutiques.

Artist impression of luxury Lower Village apartments
Artist impression of luxury Lower Village apartments

The Portonovi Marina will feature 220 berths for yachts and super-yachts. It will be one of the most naturally protected marinas in the region, and offer excellent access to the Adriatic with the islands off the Dalmatian Coast just a day’s sail away. A focal point of the Marina will be the members-only Portonovi Yacht Club. Designed for the exclusive use of yacht owners, it is being created by the award-winning British design studio Winch Design. The development will also include upscale retail options such as designer boutiques from premium international luxury fashion brands.

Portonovi is easily accessible, being less than an hour’s drive from both Dubrovnik (33km) and Tivat International Airport (18km). Both airports have services from destinations across Europe, along with facilities for private jets.

Portonovi is also owned by Azmont Investments, the Montenegro-based company and leading investor in Montenegro. Azmont Investments works in collaboration with the Government of Montenegro and its local authorities to provide skilled training and employment opportunities.

For more information, visit www.portonovi.com or call the Portonovi Sales Office on +382 31 355 375.