A new investment signal has emerged in Montenegro, reflecting growing activity in both the real estate and tourism sectors. In the municipality of Ulcinj, an eco-tourism village project near Lake Šas has reached the stage of completed design. According to investor Mohamed Alabbar, construction could begin within the next year, subject to obtaining all necessary permits.

📜 The project is being developed through the investor’s development structure in partnership with local stakeholders. The concept involves the creation of a full-scale tourism cluster focused on an eco-oriented lifestyle. The development will include:

— eco-hotels and residential accommodation formats;
— wellness and recreational infrastructure;
— nature trails and public spaces.

The project will be located near Lake Šas, close to the border with Albania, and will be integrated into the natural landscape of the area. According to the investor, the period between completing the design phase and starting construction typically takes around one year, provided there are no regulatory delays.

📈 For the real estate market, this represents an important signal, as projects of this scale rarely exist in isolation. They often become growth drivers for surrounding areas. The launch of this development could impact the market in several ways:

— increased interest in property in the Ulcinj area;
— rising land and property values nearby;
— infrastructure development around the future complex;
— growing demand for rental properties in the medium and long term.

🏡 It is also important that the project is not aimed at mass development, but rather at a higher-quality and more premium segment of tourism real estate. Such projects typically emerge in locations considered undervalued but promising in terms of long-term growth potential.

📌 For investors, this indicates an early stage of a large development cycle. In such cases, markets typically develop in a clear sequence: first, interest in the location increases, then transaction volumes grow, followed by price growth, and only afterwards does the market reach maturity.

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