Djenovici Residential Complex

New apartments in a luxury residential complex near the Portonovi resort in Djenovici, Herceg Novi.

The complex comprises 5 south-facing buildings, including 17 apartments and 5 duplex penthouse apartments. The future owners have at their disposal an outdoor heated pool, a children’s playground, a fitness center, SPA, a wine club, and a cigar room. Each penthouse apartment has a garage space, a jacuzzi, and a fireplace in the living room, while a fireplace is installed in another 11 apartments.

Available apartments:

Three-bedroom apartment of 158 m2 (117 m2 + 41 m2 terrace) for the price of 633,200 euros;

Three-bedroom apartment of 167 m2 (125 m2 + 42 m2 terrace) for the price of 666,400 euros;

Three-bedroom duplex penthouse of 226 m2 (156 m2 + 70 m2 terraces) for the price of 1,012,500 euros.

Apartment prices include a fully equipped kitchen, while some apartments are fully furnished. The photos show a typical furnished apartment.

The complex is located 700 m from the Portonovi resort, 16 km from the airport in Tivat, and 34 km from the airport in Dubrovnik.

At 4,007 € per m² this listing sits about 8% above the median for Đenovići, which stands at 3,725 € per m² across the 4 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

On this asking price of €633,200 for 158 m², transfer tax comes to €29,992 — an effective 4.7%. 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 28 other for sale listings, asking between €173,000 and €3,375,000, with a median of €943,750. At €633,200 for 158 m² this one ranks 20 of 29 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.