Inauguration of Mareterra Monaco 4 December 2024: a historic event

4 December 2024 will mark a historic turning point for Monaco with the inauguration of Mareterra Monaco, an event that has been awaited for years by Monegasques, residents and all enthusiasts of the Principality. The general public will have access to the spaces of this new district from the following day, Thursday, December 5, 2024. Like the Fontvieille district in the 1970s, Mareterra is a feat of engineering and vision, a district entirely reclaimed from the sea, which promises to transform the life of the Principality in a sustainable and ambitious way.

More than just a real estate project, Mareterra represents a new stage in the history of Monaco. It's not every day that a city like Monaco, so compact and intimately known to its inhabitants, "unblocks" a new district. It's like a new  chapter in a book that you already know by heart, or like in a game where a new area is revealed. We had already talked about Marlow, the first restaurant in the Mareterra district run by SBM which should delight residents and tourists, or penthouses in Mareterra. In this article, we will see the latest information before the inauguration of the new Mareterra Monaco district on December 4, 2024.

We will analyze a recent article in the Financial Times highlighting that Mareterra has become a global reference in luxury real estate. With prices reaching €120,000 per square metre, this district is redefining standards, while respecting the principles of sustainability. The article also highlights that this project, launched in 2016, has been closely followed by all local stakeholders, including our agency Petrini Exclusive Real Estate Monaco, testifying to each stage of its development. The early delivery of the 110 apartments, townhouses and villas marks an unprecedented moment in Monaco's real estate market.

Beyond the economic impact, it is a real social and cultural transformation that Mareterra brings. This new district injects a breath of modernity and innovation into an already emblematic principality. The event on 4 December will be an opportunity for everyone to discover this new facet of Monaco, a district that is redefining the way we live and think about the city, with respect for its past and with a vision for the future.

A look back at the Mareterra Monaco project

Since its announcement in 2016, the Mareterra Monaco project has continued to be talked about, both for its ambitious vision and for its ability to push the boundaries of what is possible in terms of urban development. This eco-district, entirely built on 6 hectares reclaimed from the sea, is the first of its kind in Monaco and marks a new stage in the history of the Principality.

Designed to blend harmoniously into the Mediterranean environment, Mareterra meets High Environmental Quality (HQE) standards. This project combines ecological innovations and modern infrastructure: solar panels covering 9,000 m², rainwater recovery systems, and heat pumps to reduce the district's energy footprint. These advancements are a testament to Monaco's commitment to sustainability, while offering luxurious and exclusive living spaces.

With its 110 apartments, 4 townhouses and 10 villas, Mareterra has attracted international attention, not least thanks to renowned architects such as Renzo Piano and Tadao Ando. As the Financial Times pointed out, these residences are redefining global standards of luxury, achieving unrivalled prices per square metre. But beyond the numbers, Mareterra offers a new living experience, with public spaces designed for residents and visitors.

The 500-metre promenade, bordered by nearly 1,000 Mediterranean trees, connects the Larvotto beaches to the tip of the district. This path, offering a breathtaking view of the sea, is designed to become a privileged place for walking, strengthening the link between the inhabitants and their environment. Emblematic infrastructures such as Le Renzo, a spectacular building that seems to float above the water, complete this exceptional picture.

For Monegasques and regulars alike, Mareterra is much more than a project: it is a rare and significant event, reminiscent of the time when the Fontvieille district was created. Today, this new district represents a unique opportunity to rediscover Monaco in a new light, one that is modern, sustainable and open to the future.

A district designed to attract the world's elite

Mareterra Monaco is a perfect example of the Principality's ability to adapt to the expectations of the modern international elite. This district is not only a visionary project: it is redefining residential luxury by meeting the specific needs of a new generation of affluent, active and discerning residents.

Mareterra's apartments embody a new era of Monegasque real estate. Each unit of the Le Renzo and Les Jardins d'Eau residences occupies an entire floor, guaranteeing its occupants absolute privacy and generous spaces. These properties, designed with exceptional finishes, offer tailor-made services, adapted to sophisticated and often nomadic lifestyles.

This unique configuration, inspired by trends seen in cities such as Dubai, responds to the growing demand for large, functional and luxurious spaces. The services offered in these residences also push the usual standards. 24/7 concierge services, private spas, state-of-the-art fitness rooms, and even exclusive coworking spaces allow residents to combine comfort, productivity and leisure without compromise.

The new profiles attracted by Monaco are looking for much more than a prestigious address: they are looking for an ecosystem where service is king. This wealthy population, often made up of working families in the middle of a professional career, requires personalization and responsiveness worthy of the largest international cities. Mareterra's infrastructure, designed to rival that of cities such as Dubai or Singapore, is aligned with these requirements.

This is evidenced by the addition of refined common areas and a network of carefully selected shops and restaurants, such as Marlow, which promises an exclusive dining experience. This attention to service creates a vibrant community, where interactions between residents and the quality of services contribute to daily excellence.

The Mareterra project has already generated significant revenue for the Monegasque state. The majority of the properties were sold even before the inauguration, testifying to the irresistible appeal of this district. This success underlines the Principality's ability to meet global demand, while maintaining its exclusivity.

Soon, some of the owners will be putting these properties up for rent, injecting a significant volume of prestigious apartments into the Monegasque rental market. As a specialist agency, Petrini Exclusive Real Estate Monaco already offers a selection of properties in Mareterra, for future residents looking to benefit from this unique setting.

The profile of Mareterra's new residents illustrates an important demographic shift for Monaco. These families, attracted by the security and quality of life, also favor modern infrastructures adapted to their needs. International schools such as the International School of Monaco or the British School of Monaco are responding to this demand with growing waiting lists.

At the same time, these newcomers, often entrepreneurs or managers, bring valuable economic opportunities to the Principality. Their professional networks help to strengthen Monaco's influence on the international scene, while encouraging other families to settle down.

As Mareterra prepares to transform the daily lives of its residents, it is also redefining the Principality's real estate market. With its wide open spaces, high-end services and commitment to sustainability, this district is positioned as a reference address for families and wealthy investors.

At Petrini Exclusive Real Estate Monaco, we are proud to accompany you in your search for properties in Mareterra, whether for rent or purchase. This unique project offers a rare opportunity to integrate an exclusive environment, in the heart of the Principality, while benefiting from the most advanced infrastructures and the most personalized services.

A historic moment for Monaco

On December 4, 2024, the inauguration of Mareterra Monaco will be much more than a symbolic event. This new district reflects the Principality's boldness and capacity for innovation, while meeting the expectations of a demanding international clientele. With its prestigious residences, modern infrastructure and economic impact, Mareterra is setting a new benchmark for luxury real estate.

At Petrini Exclusive Real Estate Monaco, we are proud to support our clients in this transformation. Whether you want to rent or buy a property in Mareterra, our expertise and in-depth knowledge of the Monegasque market will allow you to seize the best opportunities in this exceptional environment.