Now Open

Lustica Bay

Luštica Bay is a 690-hectare integrated coastal town on Montenegro's Luštica Peninsula in the municipality of Tivat, developed by Luštica Development AD — a joint venture majority-owned by Orascom Development Holding, the group behind Egypt's El Gouna.

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TMW IntelligenceVerified Jul 16, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
08.26
Completion
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Details

Open since August 2026.

The story so far
Announced 2008Luštica Bay master-planned coastal town launched via JV formed 2008 — Luštica Development AD (Orascom Development Holding 90% / Government of Montenegro 10%)
orascomdh.com
Opened Jul 16, 2026 est.Phased master-planned resort town is substantially operational (The Chedi Luštica Bay 5-star hotel open, marina operational, 700+ residences delivered) — current 'coming-soon/opening Aug 2026' understates it. Queue open advance for human review; buildout continues to ~2028. Developer: Luštica Development AD (90% Orascom, 10% Montenegro).
lusticabay.com
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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About the project

Luštica Bay is a 690-hectare integrated coastal town on Montenegro's Luštica Peninsula in the municipality of Tivat, developed by Luštica Development AD — a joint venture majority-owned by Orascom Development Holding, the group behind Egypt's El Gouna. Set between the Adriatic Sea and the UNESCO-listed Bay of Kotor, the resort town centers on Marina Village, a waterfront promenade of restaurants and boutiques anchored by the five-star Chedi Luštica Bay hotel, alongside a 115-berth marina, multiple beaches, and a Gary Player-designed golf course, with seafront and hillside residences aimed at international buyers.

Developer & design
Developer
Orascom Development
Design
Gary Player Design
Common questions

Frequently asked

Where is Lustica Bay located?

Lustica Bay is located in Tivat.

Is Lustica Bay open?

Lustica Bay is now open. It was completed in August 2026.

Who is developing Lustica Bay?

Orascom Development is the developer behind Lustica Bay.

Who designed Lustica Bay?

Lustica Bay was designed by Gary Player Design.