Luxury One-Bedroom Apartment in a New Branded Resort, Ulcinj

Branded one-bedroom apartment in the new Porta Rai 5* Resort, Velika Plaža, Ulcinj.

The apartment consists of an open-plan living room with access to a 19 m2 terrace, a kitchen with dining area, a bedroom, and a bathroom. The apartment is designed with 3-meter-high ceilings, quality finishes, smart home systems, and terraces that seamlessly connect indoor and outdoor living spaces.

The whole complex is run by Karisma Hotels & Resorts, so ownership comes with experienced management and a concierge rather than a list of things to arrange.

Future owners will enjoy a variety of luxury amenities, including seven swimming pools, a modern spa center, fitness centers, basketball, tennis, and padel courts, mini golf, and 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, carefully 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 is payable by May 2027, with the remaining 30% paid in 16 quarterly installments after the handover of the apartment.

Ulcinj town centre and Ada Bojana are each ten minutes away, Bar twenty, and both Podgorica and Tivat airports under an hour and a half.

At 5,453 € 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 €408,999 for 75 m², transfer tax comes to €17,450 — an effective 4.3%. 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 €379,499. At €408,999 for 75 m² this one ranks 2 of 4 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.