Developer Eagle Hills has announced a $2.5bn development in Albania. Billed as the largest super yacht marina in the world, the Durrës Yachts & Marina will take shape in the ancient city of Durrës, 34km from Albania’s capital of Tirana.
According to the developer, the project is poised to redefine luxury lifestyle living. In addition to 12,000 luxury marina homes, the project will comprise a state-of-the-art marina accommodating the largest super yachts in the world; a terminal for international cruise liners, which is said to be the first of its kind on the Albanian coast; premium open-air retail experiences with unique shopping and dining concepts; parks and open spaces; opulent luxury hotels and branded hotel residences; world-class wellness clubs and spas, and exclusive beach and marina clubs.
“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. We are proud of our partnership with the extraordinary citizens and government officials of this remarkable nation on a groundbreaking transformational project that took two years of planning and design by internationally acclaimed architects, engineers, public realm consultants and artists,” said Mohamed Alabbar, Chairman of Eagle Hills.
In October 2021, Eagle Hills Diyar inked a retail deal with the Trafalgar Luxury Group.
Through careful urban planning and management, Durrës Yachts & Marina will be designed as one of the most sustainable new cities in the world, incorporating eco-friendly practices, green spaces and smart technology to reduce air pollution and CO2 emissions, enhance air quality, and protect natural resources, the developer noted.
It added that the project’s sustainability goals will be achieved with infrastructure that includes energy, water and traffic management, as well as the latest means of urban mobility. Using the most cutting-edge technology available today, this project will also be one of the world’s smartest and most innovative projects.
Alabbar concluded, “We are not just opening up the destination for high-end visitors, but we are also creating the Monaco of the Adriatic. 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 over the years across the world, but I have no doubt this is right up there with the very best of them.”
In late May 2022, Eagle Hills launched a premium lifestyle development in Sharjah and, in early September 2022, the developer said that construction works had been completed on Sharjah’s Kalba Waterfront project.