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„Monaco of the Adriatic": Largest superyacht marina in the Mediterranean announced
A global real estate investment company from the Emirates has announced the construction of a new superyacht marina that will transform the ancient city of Durrés in Albania into the “Monaco of Adriano”. Investment cost: approximately $2.5 billion.
Eagle Hills, the Abu Dhabi-based private real estate investment and development company that focuses on developing and revitalizing “integrated communities with smart innovation, high-end products and services,” said in a press release that the planned Durrës Yachts & Marina will be the largest superyacht marina in the Mediterranean when completed, but did not give a timeline for the project.
The project includes 12,000 luxury apartments, a state-of-the-art marina capable of accommodating the world’s largest superyachts, the first cruise terminal on the Albanian coast, exclusive beach and marina clubs, retail and restaurant space, and luxury hotels and “branded hotel residences.”
“This development is the pinnacle of luxury living while bringing immense new investment, infrastructure and long-term growth opportunities to Albania,” said Eagle Hills Chairman Mohamed Alabbar. “We are proud of our partnership with the citizens and government officials of this nation on this groundbreaking transformation project, which required two years of planning and design by internationally recognized architects, engineers, public space consultants and artists.
Located just 34 km from the capital city of Tirana, Durrës is home to Albania’s largest port and claims to be the oldest city in the world, with a 3,000-year history dating back to 627 BC. Upon completion of the project, Eagle Hill said, the city will be the most modern municipality in the region.
“Durrës Yachts & Marina will be designed as one of the most sustainable new cities in the world, incorporating green practices, green spaces and smart technologies to reduce air pollution and CO2 emissions, improve air quality and protect natural resources,” the press release states, through infrastructure that includes energy, water and transportation management, as well as the latest means of urban mobility.
“We are not only opening up the destination for high-profile visitors, but we are also creating the Monaco of the Adriatic,” Alabbar added. “You have this incredible history in the background, alongside what will be a whole new luxury destination. We’ve done a lot of special projects around the world over the years, but I have no doubt that this is one of the best.”
Eagle Hills is currently developing marina projects in Morocco, Bahrain, Jordan, Serbia and the United Arab Emirates that “draw on the latest technologies to build smart and sustainable projects that add significant value to the local economy.”
