A Swiss-built boutique residence on the Montenegrin coast
25-26 apartments in Dobra Voda, 500 metres from the beach and ten minutes from Bar. Under construction now, handover December 2026.
Built to a Swiss standard, not a coastal one
Bellevue Residence is developed by Boulevard Developments to a Swiss design standard - a phrase that only means something if the specification backs it, so here is the specification.
A reinforced concrete structure in MB40-45 class, engineered for earthquake resistance to Eurocode standards. Ten centimetres of facade insulation. Four-season double-insulated panoramic windows with thermal-break aluminium joinery and integrated shutters. A-class security entrance doors with smart key access, and fire-rated interior doors in real MDF wood.
Inside: 2.90 metre ceilings, chevron-pattern three-layer oak parquet in the living areas, porcelain stoneware and walk-in showers in the bathrooms, a smart-home system controlling lighting, blinds, door access and climate, and inverter air conditioning in every room.
What the numbers look like
Figures below are the developer's projections and Montenegro's published rates. Projections are not guarantees - but each one here is checkable.
Projected rental yield
Supported by year-round demand and professional rental management.
Capital appreciation
Expected by completion, on pre-completion pricing secured now.
Annual property tax
Of market value, yearly. Among the lowest on the Adriatic.
Saved on the land fee
First-time buyers are fully exempt from Montenegro's land transfer fee.
Parking, from
Optional, in a secure underground garage with direct building access - scarce locally, so it rents well.
Apartments in total
A boutique building, not a block - which is what keeps the rental product scarce.
Far enough to be quiet, close enough to matter
Dobra Voda sits on the stretch of coast between Bar and Ulcinj - the part of Montenegro that has stayed quiet while Budva and Kotor filled up.
| To the beach | 500 m |
| Bar town centre | 10 min |
| Podgorica Airport | 40 min |
| Budva, Kotor, Porto Montenegro | up the coast |
| Sunny days per year | 300+ |
Residency now, positioned to become EU residency
Owning here entitles you to legal residency in Montenegro for as long as you hold the property, renewed yearly.
That gives access to local healthcare, banking and utilities, and a pathway to long-term residency over time. It is granted on ownership, not on an investment threshold.
The part worth thinking about is what happens next. Montenegro is the front-runner for the next round of EU enlargement and is targeting accession in 2028. On accession, residency held through property ownership is positioned to become EU residency - with the mobility that carries. Buying before accession is the whole point of the timing.
Accession timing is a political process and no date is guaranteed. We say what is targeted, not what is certain.
Eight layouts, with the real areas
One, two and three bedrooms, plus two penthouses on the seventh floor with terraces of 25 and 27 square metres. Areas are the developer's own figures, to the centimetre.
Being built now, not rendered now
Construction started in Q2 2025. This is site footage, not a visualisation - the difference matters when you are buying off-plan.
Site footage, September 2026 · Dobra Voda, Bar
The timeline
| Construction started | Q2 2025 |
| Expected completion | Q4 2026 |
| Key handover | December 2026 |
A 0% interest plan, tied to construction
Four instalments, no interest. The structure secures pre-completion pricing and spreads the investment across the build.
Five steps, fully regulated
Buying property in Montenegro is simple and fully regulated. You do not need to be in the country - a power of attorney covers every step.
Reservation
Choose your unit and sign a reservation agreement.
Notary pre-contract
Signed in Montenegro or by power of attorney. Confirms price, unit and payment plan.
Payments, 0% interest
Instalments follow construction milestones.
Final contract and registration
On completion the final contract is signed and 100% freehold ownership is registered at the Land Registry.
Handover
The apartment is inspected and delivered to you.
What ownership costs to run
| Maintenance (building, security, gardens) | approx. 1 EUR / m² / month |
| Utilities, occupied | approx. 50 EUR / month |
| Utilities, vacant | approx. 5 EUR / month |
| Notary and registration, one-off | 400-700 EUR |
| Annual property tax | 0.25-0.5% of market value |
| Land fee, first-time buyers | exempt (saves 3-6%) |
What buyers ask first
Can foreigners buy property in Montenegro?
Yes. Citizens of most countries, including all EU states, the UK and Switzerland, can buy an apartment in Montenegro in their own name with full freehold ownership, registered at the Land Registry. No local company and no residence permit is required to purchase.
What rental yield does Bellevue Residence project?
The developer projects 10-14% gross rental yields, supported by year-round demand on the Bar coast and professional rental management. Capital appreciation of 30-40% is expected by completion in December 2026. These are projections, not guarantees.
How does the 0% interest payment plan work?
70% on signing the notary contract, 10% as a second instalment, 10% as a final instalment before completion, and 10% on key handover in December 2026. The plan carries no interest and follows construction milestones.
What are the annual running costs?
Maintenance is around 1 EUR per square metre per month, covering the building, security and gardens. Utilities run about 50 EUR a month while occupied and about 5 EUR while vacant. Annual property tax is 0.25-0.5% of market value. Notary and registration are a one-off 400-700 EUR.
Is there a purchase tax, and can it be avoided?
Montenegro charges a land transfer fee on a sliding scale: 3% up to 150,000 EUR, then 4,500 EUR plus 5% on the portion between 150,000 and 500,000 EUR, then 22,000 EUR plus 6% above that. First-time buyers are fully exempt, which saves 3-6% of the purchase price.
Does buying property give me residency in Montenegro?
Yes. Property ownership entitles you to legal residency for as long as you hold the property, renewed yearly, with access to local healthcare, banking and utilities. Montenegro is targeting EU accession in 2028; on accession that residency is positioned to become EU residency.
When is Bellevue Residence completed?
Construction started in Q2 2025 and is underway on site now. Handover is scheduled for December 2026.
How far is the beach, and the nearest airport?
The beach is 500 metres away. Bar town centre is 10 minutes by car and Podgorica Airport is about 40 minutes. Budva, Kotor and Porto Montenegro are all within easy reach up the coast.
Is parking included?
Parking is optional and starts at 16,000 EUR for a space in the secure underground garage with direct access to the building. Covered parking is scarce in surrounding buildings, so spaces also rent well.
How is the building constructed?
A reinforced concrete structure in MB40-45 class for earthquake resistance to Eurocode standards, 10 cm facade insulation, four-season double-insulated panoramic windows with thermal-break aluminium joinery, 2.90 m ceilings, chevron three-layer oak parquet, and a smart-home system with inverter air conditioning in every room.
Ask for the price list and availability
Twenty-five apartments, eight layouts, and a handover date fourteen months out. Tell us what you are looking for and we will send the current list.
+49 151 4166 4214