The most significant external signal this year came to Kolašin Valleys from Mohamed Alabar (founder of Emaar, Eagle Hills), who publicly shifted his focus from southern Montenegro to the northern mountain region. He specifically cited the Bjelasica range — where Kolašin 1450 and 1600 operate — as the area with the strongest development potential, and opened investment talks with the Montenegrin government.
This kind of attention from one of the world’s most recognised real estate investors doesn’t happen without reason.
On our side: a second Swissôtel hotel is opening at the resort this autumn, and the project continues to develop on schedule.
For buyers considering entry, studio apartments are currently available from €138,000, under full hotel management.
Kolašin Valleys is the largest mountain resort development in the Balkans — 150 km of ski runs at full build-out, masterplanned by Ecosign (Canada), the studio behind Whistler Blackcomb and over 400 resorts worldwide.
By comparison, the established Alpine resorts offer little to no new inventory: Switzerland restricts foreign ownership under Lex Koller, Chamonix allows no new second homes at all, and prime prices in Verbier or St. Moritz run €30,000–€38,000 per sqm. Entry at Kolašin Valleys starts at €138,000 — under Accor hotel management, with projected yields reaching 9% by Year 5. The Alps currently deliver 2.8–3.2% net on comparable managed product.
