„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.