Exclusive Residences managed by Karisma Hotels & Resorts

Luxurious residential complex managed by Karisma Hotels & Resorts in Ulcinj, Long Beach.

Set along Montenegro’s celebrated Long Beach, Porta Rai Beachfront Hotel & Residences redefines coastal living with over 550 luxury residences in seven buildings thoughtfully designed for both comfort and investment. This resort offers 300 meters of private sandy shore, and a vibrant promenade filled with exclusive dining and retail options.

Future residents will be able to enjoy a variety of world-class amenities including seven swimming pools, a luxurious spa, fitness facilities, basketball, tennis, padel and mini golf course and a tailored children’s club.

Managed by the award-winning Karisma Hotels & Resorts, every residence owner will benefit from professional and experienced care, concierge services ensuring effortless ownership experience.

Options available include studio apartments, one-bedroom and two-bedroom apartments as well as uniquely designed luxurious penthouses. Available residences start from 37 m2 and go up to 260 m2.

Our recommendation is one-bedroom apartment of 67 m2 for the price of 379,499 eur.

Several convenient payment plans are available:

One-time payment: 4% discount

Two installments (upon signing the contract, and upon key handover): 2% discount

Six installments: 20% upon signing the contract, 70% split in 4 installments according to construction progress, upon key handover 10%)

Resort is located only 10 minutes from Ulcinj city center, 10 minutes from Ada Bojana, 20 minutes from Bar, and it takes less than 90 minutes to both Podgorica and Tivat airports.

At 5,664 € per m² this listing sits close to the median for Velika Plaža, which stands at 5,453 € 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 €379,499 for 67 m², transfer tax comes to €15,975 — an effective 4.2%. 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 €553,999, with a median of €408,999. At €379,499 for 67 m² this one ranks 3 of 4 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.