Location & Catchment
Strategic Accessibility
The Project is a strategically located development easily accessible by land, air, and sea in Durrës, Albania’s second-largest city. Durrës is rich in history and a key economic hub, bordered by Lezhë, Dibra, and Tirana counties. The city is well-connected through Tirana International Airport, just 30 minutes from the site, and the Port of Durrës, a major Adriatic port.
Comprehensive Connectivity
The Project benefits from recent developments, including the relocation of the port to Porto Romano and the new Tirana-Durrës passenger railway, ensuring comprehensive connectivity. It is also adjacent to the "Durrës Yachts & Marina" by Eagle Hills, featuring 12,000 residential units and 80,000 m² of recreational space.
Catchment Area
Initial Reach
Upon opening, the Project targets over 400,000 inhabitants in its primary and secondary catchment area. Unofficial data suggests an even larger population.
Strategic Location
Given Durres' seaside location attracting tourists, especially during the summer season, and the project's strategic position on the highway linking southern cities like Lushnjë, Vlore, and Fier to Tirana, a high volume of buyers is anticipated.
Growth Projections
At maturity, the Project is estimated to extend its catchment to approximately 1 million inhabitants, driven by higher awareness and a more mature brand mix.
Economic and Development Impact
This multimodal access enhances connectivity, positioning the Project as a key contributor to the local economy and offering significant investment, employment, and sustainable development opportunities. The developer, Ferra&CO limited, is the sole owner of the 225,096 m² (22.51 ha) plot of land situated in the northeast of Durrës, at the southeast extremity of the former Durrës marsh, adjacent to the Tirana-Durrës highway.
Surrounding Area
The property is bordered by:
- The Tirana-Durrës highway to the south
- Former fish ponds of the Durrës marsh, now informal residential units, to the north
- Road 471 and informal residential units to the west
- Vath Turja road, occupied by an informal car resale market, to the east
Prime Development Potential
This strategic location offers excellent accessibility and potential for development, making it a prime asset for future projects.
Demographics
Overview
As of September 18, 2023, Albania’s population stands at 2,402,113, with a density of 83.6 inhabitants per km². The literacy rate for individuals aged 15 and older is 97.7%, with 96.8% of this age group having completed or currently pursuing education. Notably, 55.7% of women have attained higher education, reflecting a continual increase.
Durrës County Statistics
