Plot in Đenovići No. 1034

Plot with a house shell in Đenovići Plot in Montenegro, located in the municipality of Herceg Novi, the resort of Đenovići, on the shore of the Bay of Kotor, with an area of 1,873 sq. m., includes 65 m of Adriatic Sea coastline with its own registered pier. The land title is registered. At present, the construction of the house shell with an area of 320 sq. m. + garage has been completed. The plot occupies an exceptional location: it was here that the Azerbaijani state oil company Socar, represented by the developer One and Only, decided to build the first hotel complex in Europe worth more than 800 million euros, comparable to Porto Montenegro Marina. The complex is planned to include 150 luxury rooms and villas, a SPA center, a tennis academy, restaurants, retail facilities, and a world-class marina. This will be the first “One and Only” hotel in Europe. One of the developer’s most famous projects is The Palm, Dubai in the UAE. With the start of construction of the hotel complex, the value of the plot is increasing every day. With the development of the resort’s infrastructure, the price will only continue to rise. According to official data, the price per 1 sq. m. of housing in the Porto Montenegro area increased more than threefold after completion of construction. In the past, the Prince of Saudi Arabia signed a 30-year contract with Porto Montenegro for servicing his “golden fleet” of yachts.