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The plot with a box of a house in Djenovici The plot in Montenegro, located in the municipality of Herceg Novi, the resort of Djenovici, on the shore of the Bay of Kotor with an area of 1,873 square meters, includes 65 m of the Adriatic coast with its registered pier. The ownership of the land is registered. At present, the construction of a box of a house with an area of 320 square meters + a garage has been completed. The site occupies an exceptional position: it is here that the Azerbaijani state oil company Socar, represented by developer One and Only, decided to build the first hotel complex in Europe worth more than 800 million euros, the analogue of which is the Porto Montenegro marina. The complex is planned to accommodate 150 luxury rooms and villas, a SPA center, a tennis academy, restaurants, retail facilities, a world-class marina. It will be the first One and Only hotel in Europe. One of the most famous projects of the developer is The Palm, Dubai in the UAE.
Due to the start of construction of the hotel complex, the cost of the site is increasing every day. With the development of the resort infrastructure, the cost will only grow. According to official data, the price of 1 sq. m. of housing in the area of Porto Montenegro after the completion of construction increased by more than 3 times. In the past, the Saudi prince signed a 30-year contract with Porto Montenegro to maintain his golden fleet of yachts.