Mareterra Delivers $3 Billion Profit as Monaco Homes Resell at 33% Premium

2 articles · Updated · Forbes · Aug 31

$3 billion in net profit had been reported by Mareterra’s development company by June 30, 2025, according to previously unreported Luxembourg filings, with proceeds distributed to investors six months after completion.
$6.6 billion in total property sales from the 15-acre Monaco seafront project easily covered its roughly $2.3 billion construction cost, a $1.2 billion bond and more than $1.8 billion in taxes and concession payments.
130 apartments and villas sold out before the neighborhood was finished in December 2024, and some units are now being marketed at about $12,900 per square foot—33% above what original buyers paid.
Monaco’s tax regime and relative stability are helping sustain that demand in the world’s priciest housing market, where at least 29 billionaires with a combined $167 billion now live.