| 1 | Azmont Investments02893126 | Herceg Novi | 17 | 39,574,821€ | 7,520,630€ |
| 2 | Limelight Center02436159 | — | 1 | 13,041,384€ | 3,535,484€ |
| 3 | Capital Plaza02458691 | Podgorica | 1 | 8,057,277€ | 1,819,329€ |
| 4 | Portonovi Resort Management Company03067637 | Herceg Novi | 150 | 7,244,660€ | 858,374€ |
| 5 | Amma Resort03304337 | Podgorica | 1 | 6,644,165€ | -194,327€ |
| 6 | Mbi03676030 | Podgorica | 2 | 2,810,840€ | 226,901€ |
| 7 | CG Investment02991837 | Tivat | 1 | 2,439,090€ | 1,902,215€ |
| 8 | TCG Unique Properties03212769 | — | — | 2,316,424€ | 620,116€ |
| 9 | V&V Investment Group02005344 | Budva | 6 | 2,082,295€ | 620,591€ |
| 10 | Alpmont02016389 | Herceg Novi | 8 | 2,041,223€ | 58,588€ |
| 11 | Poslovno Logistički Centar Morača02026406 | Podgorica | 14 | 1,833,987€ | 789,131€ |
| 12 | Keywork Estate03177335 | Podgorica | 2 | 1,728,184€ | 679,263€ |
| 13 | Extra Retail Park03680177 | Podgorica | 3 | 1,681,902€ | 997,272€ |
| 14 | Mješovito02008190 | Herceg Novi | 9 | 1,676,857€ | 843,337€ |
| 15 | A&a Design and Interior03394611 | Tivat | 6 | 1,637,027€ | -175,971€ |
| 16 | Montenegro-Express Group02029707 | Budva | 4 | 1,448,758€ | 96,416€ |
| 17 | City Mall03442519 | Podgorica | — | 1,384,766€ | 95,061€ |
| 18 | Tržni Centar03032604 | Nikšić | 43 | 1,228,533€ | 153,028€ |
| 19 | Lazy03315533 | Budva | 20 | 1,223,422€ | 104,762€ |
| 20 | Big Mne03288404 | Podgorica | 10 | 1,213,039€ | 52,679€ |
| 21 | Skijališta Crne Gore03168816 | Mojkovac | 74 | 1,108,394€ | -493,886€ |
| 22 | Metro Invest03094103 | Podgorica | 2 | 1,061,703€ | 72,205€ |
| 23 | Re Invest03222152 | Tivat | 1 | 1,006,677€ | -2,859€ |
| 24 | Monte Investment Group LLC03249387 | Tivat | 1 | 920,201€ | 131,459€ |
| 25 | Mont Way03151018 | Podgorica | 22 | 868,482€ | 48,475€ |
| 26 | Wood Properties03678784 | Tivat | 1 | 780,924€ | 644,841€ |
| 27 | C - Vračar02008408 | Herceg Novi | 1 | 769,374€ | -251,342€ |
| 28 | Janina03236854 | Ulcinj | 11 | 757,555€ | 30,740€ |
| 29 | Donator Nekretnine03697401 | Tuzi | 1 | 717,190€ | 373,835€ |
| 30 | Turistički Centar Durmitor02959798 | Žabljak | 24 | 711,842€ | -213,389€ |
| 31 | Taube03035778 | Podgorica | 1 | 699,500€ | 519,012€ |
| 32 | Ena Capital03403858 | Tivat | 1 | 686,136€ | 68,941€ |
| 33 | Centar Novi03067360 | Herceg Novi | 14 | 640,007€ | 2,128€ |
| 34 | Rest Land03377130 | Tivat | 1 | 623,121€ | -16,716€ |
| 35 | Akademija Znanja02764121 | Budva | 18 | 583,347€ | 75,353€ |
| 36 | Athos Real Estate and Investment03668860 | Podgorica | 13 | 557,240€ | -147,240€ |
| 37 | Novi Građevinar03653145 | Podgorica | 2 | 543,257€ | 188,314€ |
| 38 | High Life Construction03382885 | Tivat | 1 | 509,132€ | 28,137€ |
| 39 | Kallini03330982 | Tivat | 10 | 470,785€ | -124,167€ |
| 40 | Čelebić Rent02840359 | Podgorica | 6 | 463,766€ | 110,024€ |
| 41 | Amais03445771 | Podgorica | 1 | 455,906€ | -10,505€ |
| 42 | Casa Al Mare03185109 | Budva | 4 | 433,126€ | 1,621€ |
| 43 | Farmarent02997649 | Podgorica | — | 426,111€ | 254,282€ |
| 44 | A3 Medical03414663 | Bar | 7 | 401,022€ | -368,475€ |
| 45 | Cinque Cubetti03339394 | Tivat | 1 | 377,470€ | -17,320€ |
| 46 | Remontni Centar HN03396622 | Herceg Novi | 5 | 376,337€ | 175,204€ |
| 47 | Artista03634213 | Budva | 11 | 357,776€ | 2,971€ |
| 48 | Kinaaz Development03149129 | Herceg Novi | — | 354,142€ | -89,328€ |
| 49 | Baia 50303475654 | Tivat | 1 | 344,729€ | 40,966€ |
| 50 | TCZ03099148 | Podgorica | 1 | 323,188€ | 55,557€ |
| 51 | Atrium Management02953021 | Budva | 1 | 300,569€ | 243,504€ |
| 52 | Sb.immo03727521 | Budva | — | 295,191€ | 196,675€ |
| 53 | Jam03461033 | Podgorica | 1 | 283,397€ | 220,851€ |
| 54 | Leman Sea Properties03111407 | Kotor | 2 | 270,872€ | 70,818€ |
| 55 | 28 Apartments Rentals03591409 | Podgorica | 3 | 264,813€ | 27,031€ |
| 56 | Cobest Real Estate03670163 | Podgorica | 1 | 250,000€ | 82,465€ |
| 57 | Mykonut03166287 | Budva | 4 | 243,637€ | 98,290€ |
| 58 | Larakash Stroy03413918 | Budva | 1 | 232,764€ | 1,840€ |
| 59 | PN Rent03384705 | Herceg Novi | 2 | 230,109€ | 13,497€ |
| 60 | TDS Plus03365298 | Podgorica | 1 | 226,868€ | 107,608€ |
| 61 | Sunny MN03458016 | Herceg Novi | 1 | 211,500€ | 1,361€ |
| 62 | Port Land02954982 | Tivat | 1 | 209,822€ | 29,953€ |
| 63 | Boundless Life Montenegro03661563 | Podgorica | 9 | 206,118€ | -853,148€ |
| 64 | Gama Montenegro03196933 | Podgorica | 1 | 198,091€ | 153,806€ |
| 65 | Tim Consulting03513653 | Podgorica | 1 | 195,779€ | 65,819€ |
| 66 | Coast 1 Mne03152294 | Podgorica | 1 | 195,000€ | -655,405€ |
| 67 | Venture M02992302 | Tivat | 1 | 194,839€ | -32,403€ |
| 68 | Senergy03373797 | Budva | 1 | 192,153€ | 68,845€ |
| 69 | Ars Montenegro02891166 | Podgorica | 1 | 185,890€ | -79,432€ |
| 70 | 2montenegro03130622 | Kotor | 1 | 185,812€ | 10,599€ |
| 71 | New International Investment Project Limited Montenegro03276139 | Budva | 1 | 185,163€ | 41,399€ |
| 72 | Novasol03634990 | Tivat | 2 | 184,701€ | 91,947€ |
| 73 | Waz Porto03103021 | Tivat | 1 | 181,142€ | 34,931€ |
| 74 | Flow Ing03323498 | Tivat | 1 | 176,971€ | 63,327€ |
| 75 | M.K. Invest02698951 | Podgorica | 3 | 176,017€ | 40,227€ |
| 76 | Hijos03701808 | Budva | 1 | 171,360€ | 567€ |
| 77 | Wave Montenegro03655229 | Bar | 1 | 163,472€ | 22,230€ |
| 78 | Betco Montenegro03174026 | — | 1 | 157,238€ | -45,078€ |
| 79 | Maris Re03103820 | Tivat | 1 | 150,173€ | -34,360€ |
| 80 | An Investments03573664 | Tivat | 1 | 149,273€ | 98,447€ |
| 81 | Adria Investment03240142 | — | 1 | 149,224€ | 20,918€ |
| 82 | Roots Development03014410 | Podgorica | — | 149,153€ | 11,986€ |
| 83 | Nick & Mark03194884 | Ulcinj | — | 146,955€ | 8,305€ |
| 84 | Union Plus03458113 | Tivat | 1 | 143,296€ | -104,270€ |
| 85 | Otrantkomerc02006731 | Podgorica | 9 | 140,801€ | 504,256€ |
| 86 | Andrap03149633 | Tivat | 1 | 138,935€ | -80,818€ |
| 87 | Agro-Bell03393950 | Tivat | 1 | 138,297€ | 35,157€ |
| 88 | TQM03466710 | Herceg Novi | 2 | 136,990€ | 30,114€ |
| 89 | Vertikal Mont03396177 | Budva | 3 | 131,052€ | -59,441€ |
| 90 | V.i.d02858037 | Budva | 1 | 128,653€ | 64,361€ |
| 91 | Mihmat03507262 | Podgorica | 1 | 128,222€ | 47,931€ |
| 92 | Black Cherry03202631 | Tivat | 1 | 125,895€ | -376€ |
| 93 | White Homes Real Estate03489477 | Podgorica | 3 | 123,522€ | 24,290€ |
| 94 | PM 1.2203031667 | Tivat | 1 | 120,138€ | 13,055€ |
| 95 | Viola HB03664660 | Budva | 3 | 118,702€ | 17,447€ |
| 96 | Montenegro Property Development03441776 | Podgorica | 4 | 118,493€ | 47,621€ |
| 97 | Agencija za Gazdovanje Gradskom Lukom02910179 | Herceg Novi | 6 | 116,033€ | -10,241€ |
| 98 | PM 1.2503106926 | Tivat | 1 | 115,615€ | -15,115€ |
| 99 | Peštan02618273 | — | 1 | 113,592€ | 16,049€ |
| 100 | Ljetopis Group03782808 | Podgorica | — | 110,851€ | 57,368€ |
| 101 | LRB Property Investments03060870 | Podgorica | — | 108,670€ | 20,892€ |
| 102 | Lad Mad Pad03277194 | Tivat | 6 | 108,405€ | -6,755€ |
| 103 | Dinamikcom02663597 | Podgorica | 2 | 108,104€ | 39,507€ |
| 104 | Safe Montenegro03551377 | Podgorica | 1 | 106,816€ | -16,741€ |
| 105 | SF Company03459632 | Herceg Novi | 1 | 104,866€ | -260,161€ |
| 106 | Bocmont03250598 | Bijelo Polje | 1 | 100,321€ | -11,344€ |
| 107 | Torzo02193701 | Podgorica | 1 | 96,000€ | 5,327€ |
| 108 | Jaz- Mrčevo Polje02976447 | Budva | 5 | 95,317€ | -4,085€ |
| 109 | Doddle Investments Limited03436900 | Podgorica | 1 | 94,986€ | 18,021€ |
| 110 | Kayan Assistance03242072 | Budva | 1 | 94,501€ | 66,982€ |
| 111 | MN Rental Group03636909 | Kotor | 2 | 93,576€ | -2,485€ |
| 112 | Tremcor Montenegro03176304 | — | 2 | 90,471€ | -86,255€ |
| 113 | Vanderbilt03740889 | Zeta | — | 90,000€ | 63,204€ |
| 114 | MN Business Technologies03363392 | Tivat | 1 | 89,828€ | 28,768€ |
| 115 | Living TV03150976 | Tivat | 1 | 87,358€ | 3,266€ |
| 116 | Euromode02982170 | Budva | 1 | 80,696€ | 5,378€ |
| 117 | Numero Tre03639118 | Podgorica | 1 | 76,615€ | 35,704€ |
| 118 | Mbb.montenegro03727548 | Budva | 1 | 76,063€ | 48,873€ |
| 119 | Tanya Design Montenegro03233243 | Tivat | 1 | 75,819€ | -64,593€ |
| 120 | Čanj Investment03186270 | Podgorica | 1 | 74,600€ | -138,323€ |
| 121 | Vis Investment03107884 | Podgorica | 1 | 74,092€ | -419,222€ |
| 122 | Monteco Mne03466949 | Bar | 5 | 73,854€ | 645€ |
| 123 | Atalay Tourim Services03466329 | Tivat | 1 | 72,960€ | 31,817€ |
| 124 | Pinnacle Properties03240550 | Tivat | — | 72,606€ | 362,650€ |
| 125 | Orjen Shipping03006093 | Kotor | 2 | 72,000€ | 832,463€ |
| 126 | JM Grand Group03093158 | Budva | 3 | 71,170€ | -7,542€ |
| 127 | G - Invest02896788 | Podgorica | 2 | 70,964€ | -45,068€ |
| 128 | Madusa03396690 | Podgorica | — | 69,396€ | 11,684€ |
| 129 | Leon Suites03278310 | Budva | 1 | 68,198€ | 25,789€ |
| 130 | Metris03368858 | Tivat | — | 66,321€ | -56,932€ |
| 131 | Blue Horizon03181871 | Tivat | 2 | 63,750€ | 3,991€ |
| 132 | Gabriel03338134 | Tivat | 1 | 63,402€ | -14,274€ |
| 133 | Elite Tourism03333531 | Tivat | 1 | 63,340€ | -21,758€ |
| 134 | Viginti Diocleii03203816 | Danilovgrad | 1 | 61,245€ | 2,125€ |
| 135 | North Real Estate02922975 | Pljevlja | 1 | 61,149€ | 105,971€ |
| 136 | DND Invest02655071 | Budva | 5 | 59,350€ | -36,675€ |
| 137 | Lunas International03411214 | Tivat | 1 | 59,158€ | -104,300€ |
| 138 | Data and Media Consultancy03675831 | Podgorica | 1 | 55,147€ | -12,471€ |
| 139 | Synergy Development02997878 | Tivat | 2 | 54,523€ | -32,849€ |
| 140 | Accounting Solutions03080358 | Podgorica | 2 | 54,474€ | 6,707€ |
| 141 | Dzro Montenegro Holdings03151832 | Tivat | 1 | 52,191€ | -36,321€ |
| 142 | Nur Property Services03230538 | Podgorica | 2 | 52,122€ | -19,813€ |
| 143 | Montedreams Royal03424855 | Budva | 5 | 51,939€ | -9,160€ |
| 144 | Da Vinči02456940 | Budva | 2 | 51,731€ | -15,281€ |
| 145 | VSM Properties03411362 | Tivat | 1 | 51,457€ | -42,344€ |
| 146 | Boka Bay Residences03662861 | Herceg Novi | 2 | 49,421€ | -22,527€ |
| 147 | Progresstech02926296 | Tivat | 1 | 48,653€ | -26,420€ |
| 148 | Tre Canne 14003331059 | Budva | 1 | 48,043€ | 11,122€ |
| 149 | Monte Investments03128067 | Tivat | 2 | 48,000€ | -8,103€ |
| 150 | Blue-Mat-Mont02894785 | Kotor | 1 | 47,502€ | -4,914€ |
| 151 | Solis03320952 | Podgorica | — | 46,325€ | 20,866€ |
| 152 | Sailor Check03138186 | Podgorica | 1 | 46,147€ | -164,119€ |
| 153 | Reževići02628040 | Kotor | — | 45,996€ | -103,488€ |
| 154 | Juric Holdings03277917 | Tivat | 1 | 45,595€ | -4,022€ |
| 155 | PM 1.2403106934 | Tivat | 1 | 44,786€ | -5,581€ |
| 156 | Pure Water03324940 | Kotor | 1 | 44,700€ | 242€ |
| 157 | Auguri03457567 | Tivat | 4 | 44,504€ | -34,494€ |
| 158 | Giare03148882 | Bar | 3 | 43,588€ | -29,384€ |
| 159 | Blackbird Management03376591 | Cetinje | 1 | 43,485€ | 5,910€ |
| 160 | Montenegro Moments03454606 | Tivat | 3 | 43,305€ | -69,826€ |
| 161 | L’ Acces International Investments03106322 | Tivat | 4 | 42,211€ | -243,927€ |
| 162 | Ferienanlage Luhmann/Riesenberg/ Sander-Beuermann02867656 | Herceg Novi | 1 | 41,882€ | -8,255€ |
| 163 | Boka Rock03325997 | Herceg Novi | 1 | 41,581€ | -13,807€ |
| 164 | Chromax03106098 | Tivat | 1 | 41,059€ | -4,775€ |
| 165 | Tolland Enterprises Limited03367177 | Tivat | 2 | 40,617€ | -113,201€ |
| 166 | Duet K.o03131106 | Budva | 1 | 40,363€ | 10,100€ |
| 167 | Fidelity Invest03271501 | Tivat | 1 | 39,724€ | -12,498€ |
| 168 | Ddob03376141 | Berane | 2 | 39,300€ | 2,749€ |
| 169 | Home For You03204197 | Budva | 4 | 38,927€ | -45,881€ |
| 170 | Favorit Invest03457958 | Tivat | 1 | 38,835€ | -24,403€ |
| 171 | Formatura03274969 | Tivat | 1 | 38,202€ | -21,582€ |
| 172 | LB Investment03212637 | Tivat | — | 36,605€ | -17,440€ |
| 173 | Olive Stonehouse03736555 | Herceg Novi | 1 | 35,524€ | 4,216€ |
| 174 | Montenegro Asset Management03161455 | Podgorica | 2 | 35,000€ | -5,024€ |
| 175 | Forbe Company03509419 | Tivat | 1 | 34,711€ | 11,812€ |
| 176 | MNG Build03489973 | Budva | 3 | 34,709€ | 10,386€ |
| 177 | Dana Invest03195317 | Tivat | 1 | 34,697€ | -15,946€ |
| 178 | Bazis Montenegro02726181 | Budva | 2 | 34,600€ | 3,578€ |
| 179 | Standard Group Montenegro03207862 | — | — | 34,535€ | -13,696€ |
| 180 | Jugodrvo-Holding - Predstavništvo02643359 | Herceg Novi | 4 | 34,282€ | -208€ |
| 181 | MNM Investments03286525 | Herceg Novi | 1 | 34,020€ | 18,208€ |
| 182 | Una-Invest03675548 | Podgorica | — | 33,408€ | 9,167€ |
| 183 | LĐ Company03461173 | Podgorica | 1 | 32,792€ | 10,003€ |
| 184 | Albi Real Estate03375846 | Tivat | 1 | 32,052€ | -28,887€ |
| 185 | Ivana Bay03564266 | Podgorica | — | 31,625€ | -48,597€ |
| 186 | One Seven03357163 | Podgorica | 1 | 30,651€ | 250€ |
| 187 | Ib Invest03104141 | — | 1 | 30,525€ | -18,465€ |
| 188 | M&M Invest03461084 | Podgorica | — | 30,250€ | -47,850€ |
| 189 | Mirodar03209377 | Tivat | 1 | 30,129€ | -21,938€ |
| 190 | Sineva02806304 | Tivat | 1 | 30,091€ | -15,997€ |
| 191 | Mediteran Properties03618803 | Budva | 1 | 29,870€ | -2,871€ |
| 192 | D&M Bay03564614 | Podgorica | 1 | 29,850€ | 8,240€ |
| 193 | Amarilo Re03620883 | Podgorica | 2 | 29,840€ | -3,918€ |
| 194 | Old World Ventures03312232 | Tivat | 1 | 29,632€ | -9,733€ |
| 195 | Radonjić International Company03737586 | Kotor | — | 28,888€ | 1,860€ |
| 196 | Business Space03293394 | Podgorica | 1 | 28,844€ | 9,173€ |
| 197 | Trgoprodukt02048418 | Pljevlja | 2 | 28,711€ | -4,822€ |
| 198 | Bfa03337197 | Tivat | 1 | 28,305€ | -2,595€ |
| 199 | Interfast Mne03473503 | Herceg Novi | — | 28,141€ | -21,767€ |
| 200 | Maxima Co02978245 | Herceg Novi | 2 | 27,932€ | -12,051€ |