ELENA 404 - Elena Residences

RESIDENCE 404

2 BEDROOOM

174.57 SQM

SEA & PROMENADE VIEW

FRONT-FACING VIEW OF THE ELENA RESIDENCES FROM THE MARINA.

P O RTO MONTENEGRO Welcome to the sanctuary of Porto Montenegro, a spectacular lifestyle destination with a world-class marina and luxury residential village.

• Flagship development with premium real estate for sale and rental • Owned by the Investment Corporation of Dubai (ICD) – with portfolio of Emirates, One&Only Resorts & Emaar Properties • UNESCO-protected Bay of Kotor location, with proximity to 3 international airports and Mediterranean cruising grounds • World-class, full-service 450-berth marina and luxury residential village • Accompanying infrastructure, such as international school, clinic and business hubs

AN AERIAL VIEW OF THE MARINA AND RESIDENCES FROM THE EASTERN SIDE OF THE DEVELOPMENT.

10

11 5

6

4

MARINA & VILL AGE Retail Village

3.

Regent Hotel

4.

PMYC Pool, Restaurant & Nightclub

5.

Naval Heritage Museum

6.

Innovation Centre - Coworking space

7.

Arsenal Business Club

8.

Ozana Business Club

9.

Knightsbridge Schools International Montenegro

7 JETTY 4

Elena Residences

2.

JETTY 5

1.

JETTY 3

9 1

10. PMYC Sports Club 11.

3

Boka Place (2023) JETTY 2

2

8 JETTY 1

ELENA 404

ELENA RESIDENCES Situated in a central boulevard location with attractive on-site retail and dining amenities, Elena Residences Porto Montenegro are a sophisticated addition to our waterfront residential collection. With a bayside location sheltered by the neighbouring mountains, these bespoke apartments offer contemporary design and intimate waterfront living.

• Intimate waterfront living • Central boulevard location • Attractive on-site retail and dining amenities • Bespoke servicing and furnishing solutions • Contemporary design inspired by the Italian riviera • Situated between the bay and neighbouring mountains • Access to M Residences Bespoke Rental & Servicing Solution • Access to exclusive owner’s club and dedicated lifestyle team

PROPERTY FEATURES An impressive selection of apartments and penthouses complimented by a myriad of exceptional community amenities.

• A total of 50 luxury freehold apartments • Studio, 1-, 2- and 3-bedroom units • Luxury penthouses for discerning buyers • Sea and mountain views • Premium furnishings • Onsite interior design services • Residents-only pool & Gym reception service • 24-hour concierge

M RESIDENCES A premium rental experience backed by the Porto Montenegro brand Full rental management services covering contracts, inventory lists and management of local taxes Rental marketing package leveraging Porto Montenegro’s digital media channels Online reservations directly via the www.portomontenegro.com website A menu of pay-per-use lifestyle services for guests such as in-room food delivery Property maintenance and management of laundry and cleaning Agency commission for this base service is set at 18%* of the total rental income generated and is subject to VAT at the prevailing rate *management of settlement from rental payments

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R E A L E S TAT E PURCHASE PROCESS STEP 1 Securing a residence A non-refundable reservation deposit of €10,000 or €20,000 is required (dependent on unit price) and a Reservation Agreement is signed.

STEP 2 Completion of Reservation The residence is reserved in the buyer’s name and the buyer is sent a Sale & Purchase Agreement with the purchase conditions and an information package. Information package includes: plan of the property, condominium and village rules, building permit, payment schedule and technical specification.

STEP 3 Signing of Sale & Purchase Agreement SPA is signed in English and/or Montenegrin languages within 30 days of reservation at which point the reservation deposit is credited to the first instalment. SPA notarisation takes place.

STEP 4 Handover Upon receipt of full payment and notarisation, the official handover takes place.

PAYMENT PROCESS Immediate Payment & Deferred Payment Plan Options

OPTION 1 Immediate Payment

100%

Payment of the full amount

OPTION 2 Deferred Payment Plan

1

50% upfront payment

2

50% deferred payment plan up to 3 years in equal monthly instalments

3

Occupancy upon 50% payment

FLOORPLAN

INTERNAL AREA

137.48 SQM

EXTERNAL AREA

37.09 SQM

TOTAL

174.57 SQM

UNIT PRICE INCLUDING STORAGE (EUR)

1,689,680

FURNITURE PRICE (EUR)

126,737.82

PARKING SPACE (EUR) GRAND TOTAL - Unit + Furniture + Parking Price (EUR) CA FEES 60€/m2 per annum

35,000 1,851,417.82 10,474.20

*Property tax: 0.56% of the Unit and Parking price

VL / VLE

TW

Prices are with VAT included. Preliminary design concepts only. Please note all areas are currently excluding structural elements and technical areas. All plans, square metres, dimensions, specifications, furniture and features are preliminary and subject to change without notice. Furniture is shown for reference only. FF&E is not included in property price. FF&E is available as separate package, upon request.

CONTACT Tel +382 (0) 32 661 059 sales@portomontenegro.com www.portomontenegro.com

IMPORTANT NOTE:

This document contains proprietary information and is confidential to its recipient and, subject to applicable law requiring its disclosure by the recipient, may not be reproduced or redistributed by any recipient to any person other than the recipient’s professional advisors.

This document does not constitute investment advice. No representations, declarations or warranties, express or implied, are made as to the accuracy or completeness of the information or statements contained herein or otherwise and such information or statements should not be relied upon without independent investigation and verification. The author expressly disclaims any and all liability for any errors or omissions in the document or any other written or oral communication transmitted or made available.

Adriatic Marinas is the owner and developer of Porto Montenegro, and all references to Adriatic Marinas and Porto Montenegro in this document bear this meaning and implied relationship.