Mountain Retreat by Dukley
Kolašin, Montenegro
Dukley's branded mountain chalets on the slope of Bjelasica - the same management infrastructure as Dukley Gardens Budva, applied to the mountains.
About Mountain Retreat by Dukley
Mountain Retreat by Dukley is Dukley's branded mountain product on the slope of Bjelasica, between Kolašin town and the ski centre. A boutique collection of 32 apartments across 10 chalets, it brings the same concierge, 24/7 security and professional rental management as Dukley Gardens Budva and Dreams by Dukley - applied to the mountains.
Three formats run from one-level apartments at 73 m² to two-level homes at 127 m² and three-level chalets up to 208 m² net. As of May 2026, roughly 70% of the development is sold or reserved - the one-level units are gone entirely and current availability is the larger two- and three-level homes. This is the Kolašin development I have the strongest direct relationship with.
Ninety minutes from Podgorica via the M2, two hours from Tivat International Airport, on the doorstep of Bjelasica National Park and the UNESCO-listed Tara River Canyon - skiing in winter, hiking, rafting and mountain-biking in summer.
Project Highlights
Location
Kolašin, Bjelasica
Type
Branded mountain chalets
Composition
32 apartments - 10 chalets
Formats
One, two & three-level
Management
Dukley - as Dukley Gardens
Area range
73 - 208 m² net
Availability
9 units - ~70% reserved
Status
Selling
Project Credentials
Developer & residence manager
The group behind Dukley Gardens Budva and Dreams by Dukley in Tivat. Mountain Retreat is its alpine extension - bringing the same concierge, 24/7 security and professional rental management to Kolašin.
BJELASICA
Setting - mountain slope
A low-density, chalet-scale development on the slope of Bjelasica between Kolašin town and the ski centre - a protected mountain setting with two-season demand.
Why This Opportunity Exists
Dukley's operational track record - applied to a low-density, two-season mountain product with only nine units left.
Dukley management
The same operational infrastructure as Dukley Gardens Budva - concierge, security and professional rental management - applied to a mountain product.
Sold or reserved
Of 32 apartments, 23 are sold or reserved as of May 2026. The one-level units are gone entirely; remaining availability is the larger two- and three-level homes.
Limited inventory
Just nine apartments remain - three three-level chalets at €900,000 and six two-level apartments at €700,000.
Primary product
Issued permits, clean cadastre and a credible exit channel through Dukley's resale infrastructure - a real advantage in a slow public-resale market.
Year-round demand
Skiing in winter; hiking, rafting and mountain-biking in summer around Bjelasica and the Tara River Canyon.
Montenegro residency pathway
Property ownership in Montenegro can support a residency application. Learn more
Formats & Pricing
Three apartment formats across the ten chalets, verified from the developer's May 2026 price list. The one-level apartments have sold out - current availability is the two- and three-level homes below.
Two-level apartment
Best availability - 6 leftThe mid-format home over two levels (basement + ground), 127.39 m² net with terraces. The most available format and the current entry point into the development.
Three-level chalet
Top format - 3 leftThe largest format over three levels (basement, ground, first), 190-208 m² net with terraces and gallery - the panoramic chalet tier.
One-level apartment
Sold outThe compact single-level format, 73.06 m² net. All units in this format are sold or reserved as of May 2026.
Available Units - May 2026
Live unit-by-unit availability from the developer's May 2026 price list. Plus 2 reserved units (Chalet 2 - A1 three-level; Chalet 3 - A3 one-level).
| Chalet - Apt | Format | Net area | Status / price |
|---|---|---|---|
| 1 - A1 | Three-level | 190.01 m² | €900,000 |
| 1 - A2 | Three-level | 190.01 m² | €900,000 |
| 2 - A2 | Three-level | 190.01 m² | €900,000 |
| 3 - A2 | Two-level | 127.39 m² | €700,000 |
| 4 - A1 | Two-level | 127.39 m² | €700,000 |
| 4 - A2 | Two-level | 127.39 m² | €700,000 |
| 5 - A1 | Two-level | 127.39 m² | €700,000 |
| 5 - A2 | Two-level | 127.39 m² | €700,000 |
| 8 - A1 | Two-level | 127.39 m² | €700,000 |
Source: Mountain Retreat by Dukley apartments price list, May 2026 (32 units total; 21 sold, 2 reserved, 9 available at time of analysis). Areas are total net area including terraces/gallery. Prices and availability subject to change - request the live availability sheet.
Worth understanding
On the marketed yield
Marketing materials reference an 8% guaranteed annual yield for the first 3 years. Yields of this magnitude are not supported by Kolašin's underlying short-term-rental economics - the nine-month effective season does not generate that net cash flow on a 12-month basis. A guarantee like this typically means the developer funds the differential from sale proceeds during the guarantee window, after which performance reverts to true market levels (~3-5% net for this tier). Request the rental-management contract and the developer's underwriting assumptions before signing.
Property Features
| Type | Branded mountain chalets - Dukley |
| Setting | Slope of Bjelasica, between Kolašin town and the ski centre |
| Composition | 32 apartments across 10 chalets |
| Formats | One-level (73 m²), two-level (127 m²), three-level (190-208 m²) |
| Levels | Up to three: basement (-1), ground (0), first (1) |
| Management | Dukley - concierge, 24/7 security, professional rental management |
| Ownership | Freehold; no restrictions on foreign buyers |
| Availability | 9 available, 2 reserved, 21 sold (May 2026) |
| Status | Selling |
Location & Surroundings
A low-density, chalet-scale plot on the slope of Bjelasica, between Kolašin town and the ski centre. Ninety minutes from Podgorica via the M2 highway and roughly two hours from Tivat International Airport on the coast.
Who This Works For
The branded-chalet buyer
Wants a turnkey mountain home with hotel-grade management on the doorstep - Dukley's concierge, security and rental operation, in a low-density setting.
The hands-off investor
Wants professional rental management rather than self-managing a remote mountain unit - with realistic ~3-5% net expectations once the guarantee window ends.
The Dukley owner
Already owns or knows Dukley Gardens Budva or Dreams by Dukley and wants the same operator in a coast-and-mountain footprint.
The space-led buyer
Remaining inventory is the larger two- and three-level homes (127-208 m²) - suited to buyers who want a full-size mountain residence, not a compact unit.
Considerations
- 1
Treat the marketed 8% guaranteed yield with care - it is not supported by Kolašin's underlying occupancy; plan around a realistic 3-5% net. Request the rental-management contract and underwriting assumptions.
- 2
Inventory is limited and moving - 9 of 32 apartments remain, and the entry-level one-level units are already sold out. Current availability starts at €700,000 (two-level). Request the live availability sheet before committing.
- 3
Montenegro is an EU candidate, not yet a member; legal and tax frameworks may differ from established EU markets. For the buying process, taxes and residency, see my Buying Property in Montenegro guide.
Follow the latest Montenegro market signals on my Insights page.
Interested in Mountain Retreat by Dukley?
Request the live availability sheet and the developer's May 2026 price list, or chat with me on WhatsApp - I will be in touch within minutes.
Ana Pajkovic - Appointed agent for Mountain Retreat by Dukley
anapajkovic.com
Starting from
€700,000