Situated on the northeast coast of the Adriatic ocean, Montenegro is home to some of the most fabulous beaches in the world. There is nowhere else that you can find, in such a small place, so much natural wealth, beauty, mild beaches, clear lakes, fast rivers and gorgeous mountains !

Just a few weeks ago, Luxist reported on some ambitious new plans for the seaside destination. Now comes news on one of the biggest projects on the the Montenegrin Riviera, Royal Montenegro Grand Resort.

The resort will include a five-star 220-room hotel and conference center, a casino, nightclub, yacht club, spa, villas and condo as well as retail and restaurant space. In total the project is divided into four distinct zones and will cover some 66,000 m2. It will offer its clients an exclusive lifestyle with the ultimate levels of glamour and sophistication.

The resort is being developed in partnership between Joud Real Estate Funds and Monte-Mena. Colliers International Montenegro in co-operation with Colliers Greece, is the exclusive consultant for the project and is opening sales of residential units which are comprised of three types : palatian residences, villas and condos.

Palatial Residences, sized from 756 to 855 m2, have their own private garden, swimming pool and Jacuzzi. Cascading Villas will be slightly smaller villas (305 to 480 m2) while Sea Front Condos with ocean views will be available in two or three bedrooms and one or two levels. They will all be constructed to the highest international standards and feature the greatest privacy and luxury.

Royal Montenegro Grand Resort will be constructed 8 km south of Budva and 4 km north of Petrovac, just 1km from Sveti Stefan, at Skocidjevojka, and will open in 2010.