Smokva Bay,
Montenegro
Smokva Bay is an under-development luxury resort located in the prime coastal destination of Rezevici, situated between the popular Montenegrin towns of Budva and Petrovac. This 20-hectare freehold site boasts 1.5km of pristine coastline and panoramic open sea views.
Phase 1, completion in 2028
Coastal Landmark
The New Adriatic
Smokva Bay is an innovative resort development project located on one of the cleanest stretches of Montenegro’s Adriatic coastline. Designed as a year-round destination, it combines a five-star resort, branded residences, a marina, and leisure areas within a unified community.
Mereha Developments oversees the investment structure, development, and location strategy, transforming Smokva Bay into one of the most distinctive coastal destinations in the Balkans.
Smokva Bay, Montenegro
≈115 hotel keys
≈170 residences
≈170 residences
2028
28,000 м²
Developer & Development Manager
Luxury 5★ Resort and Residences • Branded Residences • Marina • Retail & Dining • Wellness Club
Under selection (international luxury brand)
A Place Inspired
by Nature and Culture
Sense of Place
Masterplan
& Vision
The masterplan embraces Montenegro’s natural topography and coastline, creating an environment where architecture and landscape exist in harmony. Every element — from beachfront villas to hillside residences — is designed to frame panoramic sea views while preserving the site’s authentic character.
The architectural language draws inspiration from Mediterranean heritage, reinterpreted through the lens of contemporary design and understated luxury.
Development Concept
Harmony of Living, Leisure, and Comfort
The Smokva Bay concept unites hospitality and residential living — where design, nature, and community exist in harmony. Residents and guests enjoy the freedom of resort life with the comfort of home, surrounded by sea views and Mediterranean elegance — a lifestyle defined by relaxation, privacy, and connection.
Operated by a leading international hospitality brand, the beachfront resort sets a new benchmark for Adriatic luxury and service excellence.
Elegant serviced residences featuring private pools, expansive terraces, and panoramic sea views — designed for refined coastal living.
Comprehensive wellness and leisure facilities that encourage an active, balanced, and year-round Mediterranean lifestyle.
A vibrant waterfront hub with fine dining, boutique retail, and curated cultural programming — the social heart of Smokva Bay.
Optimization of project stages to balance cash flow and risks.
Sustainable income through asset management and operations.
Sales strategy aligned with brand positioning.
Development Strategy and management.
Mereha Developments combines strategic investment insight with hands-on execution expertise. The Smokva Bay project is built on a structured investment framework that aligns the interests of the developer, investors, and operator.
Investment & Development Strategy
A Destination of Enduring Value
Sustainability
Building the Future Responsibly
The project places great emphasis on environmental responsibility and harmony with its surroundings. It focuses on restoring the natural landscape, minimizing the impact of construction, and implementing energy-efficient, water-saving systems that reduce the ecological footprint.
Equally important is the integration into the local community — through the support of traditional crafts, preservation of cultural heritage, and the creation of a pedestrian-friendly, environmentally conscious living environment.
Project Timeline
Key Milestones
The development of Smokva Bay follows a carefully structured timeline — from concept formation and financial structuring to construction, operator selection, and sales launch. Each stage reflects Mereha Developments’ systematic approach to creating lasting value and delivering exceptional project quality.
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