Orascom's 690-hectare master-planned coastal town on the Lustica Peninsula at the entrance to Boka Bay — Montenegro's largest greenfield real estate investment.
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Lustica Bay is a 690-hectare master-planned coastal town by Luštica Development AD—a joint venture of Orascom Development Holding (~90%) and the Government of Montenegro (~10%), established in 2008. Situated on the Lustica Peninsula between the Adriatic Sea and the UNESCO-protected Bay of Kotor, it sits 15 minutes from Tivat Airport and 20 minutes from Kotor. It is organized into four distinct neighborhoods: Marina Village (the delivered anchor), Centrale (including The Heights), The Peaks (villas with a Gary Player Signature golf course), and Horizon. Full freehold ownership is available to foreigners, with property purchases supporting Montenegrin temporary residence. Infrastructure includes 6 km of coastline, five beaches, a 115-berth marina, The Chedi Luštica Bay hotel, and a medical clinic.
A luxury coastal peninsula in Montenegro, accessed via Tivat International Airport and the Luštica Bay marina.
• Tivat International Airport (TIV) (15 min drive) — primary international airport connecting to European cities
• Luštica Bay Marina (2 min walk) — 115-berth full-service yacht marina
• Adriatic Highway (10 min drive) — scenic coastal highway connecting Kotor and Budva
• Tivat Airport: 15 min
• Old Town Kotor: 20 min
• Budva Old Town: 25 min
• Porto Montenegro: 18 min
Families have direct access to accredited international schools located 15 minutes away in Tivat.
• Knightsbridge Schools International Montenegro (15 min drive) — IB World School for ages 3-18
• Arcadia Academy Tivat (15 min drive) — Cambridge international school campus
Primary medical care is provided on-site at Luštica Bay, supported by regional hospitals in Tivat and Kotor.
• Mansa Medical Center Luštica Bay (2 min walk) — private multi-specialty day clinic
• Tivat Health Center (15 min drive) — municipal public healthcare facility
• Kotor General Hospital (20 min drive) — regional government tertiary hospital
Historic Catholic and Orthodox churches dot the coastal villages across the peninsula.
• St. Nicholas Church Radovići (3 min drive) — historic Orthodox church serving local residents
• St. John Church (5 min drive) — coastal heritage church overlooking Boka Bay
Retail is anchored by the Luštica Bay Promenade and the upcoming Centrale commercial plaza.
• Luštica Bay Marina Promenade (2 min walk) — boutique fashion outlets, jewelry stores, and organic grocers
• Centrale Piazza Retail (2 min drive) — residential town center with supermarkets and daily services
• Voli Supermarket Tivat (15 min drive) — full-service supermarket for larger grocery needs
• Tivat Airport: 15 min
• Old Town Kotor: 20 min
• Budva Old Town: 25 min
• Porto Montenegro: 18 min
High capital growth driven by Gary Player 18-hole golf, beach clubs, and secluded Mediterranean coves.
• Luštica Bay Golf Course (3 min drive) — Montenegro’s first 18-hole Gary Player championship golf course
• Almara Beach Club (5 min drive) — famous private beach club set in a natural rocky cove
• Chedi Beach (2 min walk) — pristine pebble beach facing the open Adriatic Sea
Booming tourist rental yields supported by 5-star Chedi Hotel dining and marina beach lounges.
• The Chedi Luštica Bay Restaurants (2 min walk) — 5-star hotel fine dining and Asian fusion venues
• Almara Beach Lounge (5 min drive) — upscale seaside restaurant and summer sunset bar
• Spot Restaurant & Bar (2 min walk) — vibrant waterfront brasserie on the marina
Orascom Development is an international developer of integrated towns and resort destinations, with a track record spanning three decades. It is known for El Gouna in Egypt, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland.
Luštica Development AD—a joint venture of Orascom Development Holding (~90%) and the Government of Montenegro (~10%).
Yes—full freehold is available under Montenegro's regulations; property purchases support temporary residence applications.
690 hectares—the country's first major greenfield real estate investment.
Marina Village is largely delivered; Centrale, The Peaks, and Horizon are in progressive phased delivery.
A 9-hole opening is expected in 2026; the full 18-hole Gary Player Signature course is targeted for 2028.
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