SUNRAF · Montenegro
Meliá Private Residences Budva
Budva, Montenegro
Bedrooms
Studio – 3 Bed
Type
Apartment
Payment Plan
On request — no payment schedule is disclosed on the public website.
Handover
To be confirmed
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Total Units
136 (5 Studio, 112 1-Bed, 17 2-Bed, 2 3-Bed)
Location
Budva, Montenegro (Adriatic waterfront)
Starting Price
€263,000
Rental Programme
70/30 owner/Meliá split, plus 10% resort-facility discount
Unit Sizes
At a Glance
- 136 branded residences on the Budva waterfront, from studios to 3-bedroom units
- Starting from €263,000
- Developed by SUNRAF (30+ years, 1M+ m² delivered in Montenegro and Europe), hotel-operated by Meliá under a 15-year management agreement
- Optional owner rental programme: 70/30 revenue split with Meliá, plus a 10% discount on resort facilities
- 4 restaurants, 3 bars, indoor and outdoor pools, spa, casino and private beach access
About this project
Meliá Private Residences Budva is a 136-unit branded residential development on the Adriatic waterfront in Budva, Montenegro, developed by SUNRAF under a 15-year hotel management agreement with Meliá Hotels International. Units range from studios to three-bedroom residences, starting from €263,000, with resort-style amenities and an optional owner rental programme split 70/30 with Meliá.
Interior, fully-furnished — click to enlarge
Amenities
Outdoor & Views
- Underground Parking
- Private Beach Access
Dining & Social
- 4 Restaurants
- 3 Bars
Wellness & Fitness
- Outdoor Pool
- Indoor Pool
- Spa
- Sauna
- Hammam
- Fitness Studio
Lifestyle & Comfort
- Beauty Salon
- Casino
Security & Access
- 24-Hour Concierge
Family & Kids
- Kids Club
Business & Work
- Conference Center
Investment Factors
Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.
Source — Public Website Only, No Developer Documents
Unlike every other listing on this platform, no factsheet, floor-plan or payment-plan PDF was available for this project — only meliabudva.com’s own public pages (homepage, about-us, amenities, lifestyle, residence-plans), fetched and read 2026-10-07. Facts below are the website’s own clean, consistently-stated headline claims only. A detailed per-floor unit/pricing table seen on the site’s interactive floor-plan tool was deliberately NOT used: it was summarised by an intermediary tool rather than read directly, its implied total (~125 units) didn’t match the homepage’s stated 136, and its per-m² price range didn’t reconcile cleanly with the €263,000 headline starting price — the same "don’t trust an unreliable table extraction" discipline this platform applies to garbled PDF text extraction. No marketing-authorization relationship with SUNRAF or Meliá is confirmed; this is research, not an onboarded developer partnership.
Unit Mix and Pricing
From the homepage: 136 total residences across 4 categories, starting from €263,000. Per-type unit counts and size ranges also come from the homepage’s clean summary text, not the unreliable floor-plan tool.
- 5 Studios (~38 m²), 112 1-Bedroom (53–69 m²), 17 2-Bedroom (84–113 m²), 2 3-Bedroom (161–170 m²) — sums to 136Source: meliabudva.com homepage
Developer vs Hotel Operator
SUNRAF is the real-estate developer; Meliá Hotels International is the hotel brand/operator under a 15-year management agreement, not the developer of record. The about-us page states this explicitly. Established as a developer entry (SUNRAF) rather than crediting Meliá, which is a well-known, 65+-year-old global hotel group but did not build this project.
Handover and Payment Plan — Not Disclosed
No completion date, construction timeline, or payment schedule appears anywhere on the public website’s pages that were checked (including the amenities page, which explicitly covers only amenities). Kept honestly as "To be confirmed" and "on request" rather than guessed.
Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.
Location
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Map shows approximate project location. Exact site boundaries may vary.
About the Developer
SUNRAF
SUNRAF is a real-estate developer with more than 30 years of experience and over 1 million m² delivered across Montenegro and Europe, per its own public project materials. Its debut hotel-branded project, Melia Private Residences Budva, is developed by SUNRAF under a 15-year hotel management agreement with Meliá Hotels International, which operates the property and brand but is not the developer of record.
View all SUNRAF projectsFull Gallery
Starting from
€263K
On request — no payment schedule is disclosed on the public website. · Handover To be confirmed
Montenegro — Market Yield Range
5% – 7% gross p.a.
Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.
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Developer-Direct Pricing
Same price as booking through the developer — zero resale markup.
One Advisor, Start to Finish
A single point of contact from reservation through to handover — no chain of resellers.