Branded Two-Bedroom Apartment Karisma Hotels&Residences

Luxury two-bedroom apartment on the frontline to the sea in the new branded Porta Rai 5* Resort, Velika Plaža, Ulcinj.

The apartment consists of an open-plan living room with access to a terrace and sea views, a kitchen with dining area, and two en-suite bedrooms, each with its own terrace. The apartment is designed with 3-meter ceilings, premium finishes, smart home systems, and panoramic terraces.

Karisma Hotels & Resorts manages the entire complex, and every residence owner will benefit from professional and experienced management, as well as concierge services, providing a smooth and effortless experience for all owners.

Future owners will have access to a variety of amenities, including seven swimming pools, a modern spa center, fitness centers, basketball, tennis, and padel courts, mini-golf, as well as a custom-designed kids’ club.

Located along the famous Montenegrin Velika Plaža, Porta Rai Beachfront Hotel & Residences redefines coastal living with over 550 luxury residences across seven buildings, thoughtfully designed for comfort and investment. The hotel offers 300 meters of private sandy beach and a lively promenade filled with exclusive restaurants and retail outlets.

Payment plan: 70% of the total price by May 2027, with the remaining 30% paid in 16 quarterly installments after the handover of the apartment.

The complex is just 10 minutes from Ulcinj town center, 10 minutes from Ada Bojana, 20 minutes from Bar, and less than 90 minutes from Podgorica and Tivat airports.

At 5,326 € per m² this listing sits close to the median for Velika Plaža, which stands at 5,576 € per m² across the 4 properties we hold there. That makes it a fair reference point for the neighbourhood rather than an outlier in either direction.

On this asking price of €553,999 for 104 m², transfer tax comes to €25,240 — an effective 4.6%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 3 other for sale listings, asking between €362,500 and €408,999, with a median of €379,499. At €553,999 for 104 m² this one ranks 1 of 4 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.