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The plot with a box of a house in Jenovichi Plot in Montenegro, located in the municipality of Herceg Novi, Jenovichi Resort, on the shore of Boca Kotor Bay with an area of 1,873 sq.m., includes 65 m of the bank of the Adriatic Sea with its registered pier. Ownership of the land is registered. At the moment, the construction of a box of a house with an area of 320 sq.m. + garage has been completed. The site occupies an exceptional position: it is here that the Azerbaijani state oil company Socar, represented by the developer One and Only, decided to build the first hotel complex in Europe worth more than 800 million euros, the analogue of which is Marina Montenegro. The complex is planned to accommodate 150 elite rooms and villas, SPA-center, tennis academy, restaurants, retail facilities, world class marina. It will be the first "One and Only" hotel in Europe. One of the most known projects of the builder is The Palm and of Dubai in the UAE.
Due to the beginning of construction of a hotel complex the cost of the site increases every day. With the development of the resort infrastructure, the cost will only increase. According to official data, the price of 1 square meters of housing in the Porto Montenegro area more than doubled after the completion 3 construction. In the past, the Prince of Saudi Arabia has signed a 30-year contract with Porto Montenegro to serve his "golden fleet" of yachts.