New developments · Southeast Europe
Balkan & Adriatic developments, by status
From the Sava to the Saronic Gulf, new waterfront districts are reshaping the region’s capitals and coasts. Here is where each of the major projects stands today, with links to our full guides. We give status, not prices or forecasts.
Updated October 2026
Serbia: Belgrade Waterfront
Belgrade Waterfront, the partnership between the Republic of Serbia and the Abu Dhabi developer Eagle Hills, is turning the old railway lands on the Sava into a new city centre. Belgrade Waterfront counts 34 completed buildings and 12 more under construction. Kula Belgrade, the 168-metre tower by SOM, is open, with The St. Regis Belgrade on its lower floors since November 2024 and the Belgrade 360 Deck on the 41st floor since April 2026. Galerija Belgrade has been open since October 2020.
Next comes Belgrade Waterfront Marina, presented in January 2026: the city’s largest marina, an opera house in Hall 1 of the Belgrade Fair and the Sava Promenada extended to Ada Ciganlija. Completion dates have not yet been published. Across the city, EXPO 2027 Belgrade is being built for the specialised world exposition.
Belgrade Waterfront: today to 2045 Mohamed Alabbar: the man behind Belgrade Waterfront EXPO 2027 Belgrade The Belgrade property market
Albania: Durrës, Vlorë and the Riviera
In Durrës, Eagle Hills is building Durrës Yachts & Marina on part of the old harbour of Albania’s oldest port city. Launched in November 2022, it plans a marina for large superyachts, hotels, beach and branded residences, shops and a promenade. The first residential buildings are under construction and apartments are on sale; completion dates have not yet been published.
Further south, Vlora Marina by Balfin Group, designed by the Belgian studio XDGA, brings a 438-berth marina, two five-star hotels and apartments to the seafront of Vlorë, built in phases. Vlora International Airport has been built to serve the southern coast; a certification flight has taken place, but passenger flights have not yet started. On the Riviera, Green Coast at Palasë is a beachfront resort community of villas, apartments and hotels below the Llogara pass.
Durrës Yachts & Marina Vlora Marina Vlora International Airport Green Coast
Montenegro: the Bay of Kotor and Luštica
Montenegro’s coast already has two established marina districts. Porto Montenegro in Tivat is the superyacht marina and waterfront village built on the site of the old naval arsenal, with residences, restaurants, boutiques and a pool club. Portonovi at Kumbor, near Herceg Novi, is a resort and marina with residences and the One&Only Portonovi.
On the Luštica peninsula, Luštica Bay is a new resort town with a marina, beaches and The Chedi Luštica Bay, built in phases; much of it is still under construction.
Porto Montenegro Portonovi Luštica Bay
Greece: The Ellinikon, Athens
On the site of the old Athens airport, Lamda Development is building The Ellinikon, one of the largest urban regeneration projects in Europe, around a 2-million-square-metre park by Sasaki running down to the sea. The Experience Park is open, and the Sports Park opened to the public in August 2026.
The Riviera Tower by Foster + Partners, about 200 metres tall with 173 residences, is due for completion between late 2026 and early 2027, according to the developer; Riviera Galleria by Kengo Kuma is scheduled to finish construction in early 2027; and the first homes are due to be handed over during 2027.
The Ellinikon: a new city on the old airport New developments in Athens
Before you buy
Most homes in these projects are sold off-plan through the developers’ own sales teams. Before you sign, take advice from an independent lawyer in the country concerned, check the permits and the construction stage of the building you are buying, and read the handover and payment terms carefully. Each market page on this guide lists official registers, notaries and lawyers where we have verified them.
Status from the developers’ own websites and published reporting, October 2026. Plans and timetables can change: check each project’s official website. We do not publish prices or investment advice.