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Tivat airport only 12km away!
    With an environmentally centered approach to development, coupled with state-of-the-art infrastructure and pristine natural setting, Lustica Bay provides unlimited potential for investors. Whether you are looking for a stunning vacation home, an accessible and secure port of call, a paradise in which to retire, or your new home, Lustica Bay has something for everyone, particularly those with a keen eye for sustainable real estate.In 2013, the Lustica Bay Master plan design received an Award of Excellence from the American Society of Landscape Architects.

    Lustica Bay will feature:

    • Over 500 villas and townhomes
    • More than 1,000 apartments
    • 7 hotels
    • Condominium hotel rooms
    • 1 wellness and spa centre
    • 2 marinas with mooring and docking support facilities
    • 1 championship 18-hole golf course with clubhouse
    • 4.9 km long boardwalk
    • Conference Centre
    • Sport Courts
    • Restaurants & Shops
    • School
    • Medical facilities
    • Police & Fire department

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Montenegro
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    Overview
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    Whether skiing in Montenegro's mountainous Kolasin region or walking in one of its five national parks, the country offers countless opportunities for adventure and exploration. From Tara Canyon - the largest canyon in Europe, and a UNESCO World Heritage Site - to Lake Skadar - the Balkan Peninsula's largest lake - all of the wonders of Montenegro await you from Lustica Bay.

    Steeped in a romantic history that tells the tale of pirates, sailors and soldiers, the peninsula's 35km of coastline combines olive groves and rich vegetation with authentic fishing villages.

    From colourful local legend to enchanting architecture, the area around Lustica Bay enjoys a rich cultural heritage. In as much as our 'development' means protecting the nature already here, so too will the existing culture be preserved - kept as a constant reference point for planning life in Lustica.

    After two years spent studying the region's history and drawing inspiration from its architecture, our architects were able to incorporate key elements - such as indigenous building materials, shape and style - into architectural design, developing the town in phases for an authentic, organic growth process. Both residential properties and public spaces will thus reflect our heritage, deeply rooted in a sense of place. This will be enhanced by providing a lifestyle closely connected with the local community - from strengthening ties with and supporting the existing Radovi¿i town to supplying traditional prosciutto, cheeses and wines from neighboring family-run farms.

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    Our Location
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    An area of inimitable beauty, both inland and out to sea, Montenegro boasts a landscape every bit as vibrant and varied as its history - swooping up from its captivating coastline, bays and beaches to a dramatic interior of mountains and forestry. Exhilarating, exotic and all but undiscovered, this spectacular spot on the Adriatic coast is easily accessible from everywhere in Europe.

    Lustica Bay presents the perfect place from which to explore and enjoy this beauty. Nestled in north western Montenegro's Traste Bay, adjacent to the village of Radovi¿i, it is part of the Municipality of Tivat, just 10 km from Tivat airport, 80 km from the capital city Podgorica and 60 km from Croatia's Dubrovnik.

    The site itself has witnessed as much turbulence as it has enjoyed natural tranquillity; a place where historic battles took place in the most picturesque of settings - a past attested to by the remnants of Austro-Hungarian fortifications found in the area. Now, it benefits from the Lustica Peninsula's 35 kilometres of uninterrupted coastline and panoramic views out into the Adriatic, expansive olive groves, rich vegetation and an average of 250 days of sunshine a year - all set against the backdrop of a sloping hillside and dramatic mountains beyond.

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    Environment
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    When set in such natural beauty as this, how could Lustica Bay be designed, constructed and operated with anything other than the utmost respect for the environment? A development covering very small footprint of the total area, an energy efficient architecture and green construction methods are key elements of our continued success in applying our vision.

    Lustica Bay is committed to the following minimum environmental standards:

    • Minimal environmental impact: less than 6% of the total land area (690 hectares) will be developed, with an emphasis on maintaining marine habitats and existing vegetation
    • Green construction methods - including the use of regional building materials to reduce the project's carbon footprint, and careful waste management
    • Energy efficient architecture: using up-to-date, intelligent methods - from cross-ventilation to high insulation levels - to ensure our buildings slash current regional energy consumption by a third
    • An environment for the environment: protected horticultural and marine spaces, lakes for irrigation water storage and pedestrianised streets are just part of the plan to perpetuate the good work done by our sustainable start for generations to come
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Why Invest?
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    A Location Like No Other - Lustica Bay offers world-class properties which enjoy the luxury of untouched natural beautify and unobstructed sea views.

    • Complete Infrastructure and Community Facilities - Lustica Bay includes all living amenities, from shopping and dining to schools and medical facilities.
    • Key Attractions - Two marinas with mooring and docking support facilities, seven hotels and a year-round world-class 18-hole golf course.
    • Low Taxes - With a flat-rate income and corporate tax (9%), Montenegro's tax system has become one of most attractive in Europe.
    • Simple Legal Framework - Buying and registering property is easy. Foreign investors and Montenegrin citizens are treated equally.
    • Early Bird Benefit - Montenegro is at beginning of the real estate development cycle. Early buyers will benefit from a low entry price point and price appreciation over time.
    • Currency Safety - Buying and selling using the EURO currency - limiting currency risk.
    • Sustainability - Orascom Development takes an environmentally friendly approach as well as low density development strategy, which puts the environment in the centre of all decisions.
    • Stability - The government of Montenegro is committed to reform, prosperity and dynamic growth.
    • Partnership - The management structure consists of a Swiss developer, renowned for its precision and accuracy in the execution of successful integrated town developments around the world, and the government of Montenegro.
    • Peace of Mind - Lustica Development AD is a joint venture between Orascom Development Ltd. (90%), an experienced trendsetter in delivering fully sustainable state-of-the-art developments, and the government of Montenegro (10%), which has given its full support to endorse the country's prosperity in economy, tourism and investment.
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Development Features
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    Amenities & Facilities
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    Despite this still being the first stage of the Lustica Bay development, there are many benefits and special arrangements already in place in order for residents to exclusively enjoy:

    • Round the clock security
    • Pool Bar
    • Spa
    • Concierge Service
    • Water taxi
    • Road transportation service

    On site there is a lifestyle concierge, available for everyone to use. From arranging transportation and excursions, to making bookings, they are on hand for everyone's requests.

    On a more active front, residents will be able to partake in some archery, sailing, as well as take advantage of the driving range for the golfing enthusiasts among them.

    A private beach at Lustica Bay will no doubt entice everyone to the inviting Montenegrin waters, and for those happy by the sea, our relationship with the Almara Beach Club - one of the finest Blue flag beaches in the country - means that our owners are more than welcome to enjoy it at any time. A regular water taxi service is set up to take residents there with ease.

    Lastly, full, round-the-clock security services are in place in order to ensure safety and comfort at all times.

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    Things To Do
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    As the home of healthy, active living on the Adriatic coast, every element of Lustica Bay is geared towards well being. Health is at the heart of its planning, offering residents and visitors the opportunity to make the most of this incredible environment through pedestrianized walkways, hiking and nature trails, and activities including:

    • Hiking
    • Biking
    • Sailing
    • Stand up paddling
    • Kayaking
    • Beach
    • Snorkeling
    • Diving
    • Golf
    • Archery
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    Sustainability
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    In an effort to strike a balance between the economic, ecological, and social aspects of the project the design team is committed to developing a sustainable community and town at Lustica Bay. Green construction methods, site planning, water conservation, waste management, low density development, regional material use, and reduced energy consumption are key elements to successful building approaches in this region. The green building design principles applied throughout Lustica Bay's master plan not only represent the most responsible of design methods, but remain consistent with The Parliament of the Republic on Montenegro's "Declaration of the ecological state of Montenegro" (September 20, 1991).
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Development Location

Where we're active

Development Location

Development Location

Note: Markers represent the centre of postcodes, not exact locations

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Development Location
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     Explore

    The area itself enjoys UNESCO World Heritage Site, the Bay of Kotor, which boasts southern Europe's deepest fjord, an enchanting old town and access to the legendary man-made island, Our Lady of the Rock. Also easily accessible is the bustling town of Budva, capital city Podgorica and the UNESCO-protected island of Sveti Stefan, whose grand history has seen it host all from the Adriatic's pirates to Hollywood's finest, such as Elizabeth Taylor and Sophia Loren.

    Those after adventure can visit the Balkan Peninsula's largest lake, Lake Skadar, surrounded by national park, or head inland to Montenegro's mountainous Kolasin region, and of course the entire Adriatic and Dalmatian islands await exploration by boat. From Lustica Bay, all of Montenegro becomes your playground - a captivating country, inviting discovery.

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Development Address

Radovici bb, Tivat, Montenegro, 85323

Phone

Tel: 03339 871702

Nearest Airports*

  • Tivat (International), 2 miles
  • Podgorica (International), 48.1 miles

*Distances are straight line measurements. This feature is currently in beta.

The development properties we are currently marketing

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About Developer
  • Introduction

    Orascom Development
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    Extraordinary Developments from an extraordinary developer

    For over twenty years, Orascom Development Holding has been living, breathing and realising its vision: "life as it should be." A leading developer of integrated towns, Orascom creates sustainable destinations intended to bring life to the locations they inhabit; a pioneer of environmentally-sound initiatives that ensure projects benefit the existing landscape as much as the local community and culture.

    Orascom Development is proud to create a living community on one of the jewels of the Mediterranean, Montenegro's Lustica Peninsula. Our town in Montenegro will continue to showcase the ethical and environmental concerns so central to Orascom, making Lustica Bay much more than a tourist destination.

    The community will be a special addition to the map - a magical place to live life as it should be.

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Contact Lustica Development, Lustica Bay, Tivat

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