Rapid Development
Albania has become the newest attraction for foreign investors as the country provides numerous economic advantages. As a politically stable country, Albania has experienced a fast-growing economy in the last decades. Its economy is reliant on tourism with over 3.5 million visitors per year. The economic dynamism of Albania had a growth rate of 8% in 2022
Key Reasons
⦁ It’s the gateway to the Balkans
⦁ Free Economic Zone
⦁ Total labor costs are lower than comparable countries
⦁ Extensive language skills, the most of the younger
⦁ Entry gate to global markets through 4 ports
⦁ 2 Main Airports with a third and fourth under construction.
⦁ Free Access to large markets
–Rapid expansion in construction industry with new, top quality buildings and resorts done by international enterprises.
Stable country and with a clear path for European integration
Albania has signed several free trade agreements (FTAs) with key markets (European Union, Turkey, CEFTA, and EFTA countries), allowing it to access a larger and global market. It has co-founded Open Balkan, an economic and political zone with Serbia and Macedonia, and has recently opened negotiations with EU.
– An unmatched climate with over 300 sunny days.
– Tax independence
-Strategic sector investors are eligible for tax benefits.
-Attractive incentive programs
-Legal framework in accordance with EU legislation
Prices
Comparably low prices considering the location and other coastal places in the region.
-Prices are the lowest in comparison with locations in Croatia, Montenegro.
-Higher returns on investments
-Opportunities for growth and investment security
Price comparison for new sea-view apartments;
Croatian Riviera from 3500 EUR / m2
Montenegro from 2500 EUR / m2
Spain from 3800 EUR / m2
Italy from 3000 EUR / m2
Albania from 1100 EUR / m2
Latest Projects
New Investment in Durres.
Durrës Yachts & Marina could be the largest superyacht marina in the Mediterranean, and it’ll be built in the Albanian city of Durrës. Durrës Yachts & Marina is set to redefine luxury lifestyle, while accommodating some of the largest yachts in the global fleet.
Abu Dhabi-based private real estate investment and development company and property developer, Eagle Hills, is behind the project. The $2.5 billion deal will see a complete transformation to the region. Chairman of the company, Mohamed Alabbar, said “This development is the pinnacle of luxury living, whilst at the same time bringing immense new investment, infrastructure and long-term growth opportunities to Albania.”
As well as the large marina, the development is set to include 12,000 luxury marina homes, premium retail experiences, unique shopping and dining concepts, parks and open spaces, opulent luxury hotels, world-class wellness clubs and spas, exclusive beach and marina clubs, and a terminal for international cruise liners, the first of its kind on the Albanian coast.
New Investment in Saranda
Saranda Bay Marina is a complex of hotels, residences and a yacht port that will be located along the Ionian coast. It is situated in Limioni Bay, located in the northwest of Saranda City. Saranda Bay Marina is 15 km away from the future (projected) airport of Saranda. It is a great place to drop anchor during your maritime discovery of the Mediterranean Sea. Saranda Bay Marina offers berthing for 400 vessels (currently 100 moorings), safe from the winds and the currents. Stepping on shore, you will find convenient facilities such as a car or bicycle rental, a mini-market, and the exchange office. The master plan integrated with the vision of urban development of the city, consists of different types of residential, recreational, tourist facilities, five-star hotel and many public spaces.
Vlora New Project
Vlora Marina is one of the most promising projects in the city of Vlora and will be the first premium active marina in Albania with the potential to become the best marina in the region. The project features a contemporary architecture in the promising and most dynamic city center with high tourist and visitor traffic.
The central square will host premium cafes and restaurants in the vicinity of entertainment, sports and relaxing areas. In addition to the above areas, the development is located near 2 parks with a surface area 20,000 m2 each.
Thanks to its unique location in the coast line, this extraordinary development will introduce new standards for a premium and comfortable life.
⦁ A multifunctional residence with premium apartments overlooking the sea
⦁ Commercial and service units
⦁ A premium Marina
⦁ The promenade
⦁ Green areas
⦁ Central Square
⦁ Recreational areas and sports
⦁ Private beach and access to the public beach nearby
⦁ 5 star hotels of an international chain
