Executive summary by darmansjah
The Costa Smeralda is a coastal area and tourist destination
in northern Sardinia, Italy, with a length of some 20 km, although the term
originally designed only a small stretch in the commune of Arzachena. With
white sand beaches, a golf club, private jet and helicopter service, and hotels
costing up to US$2000–3000 per night in the peak season, the area has drawn
celebrities, business leaders and other affluent visitors. In a study released
by the European luxury real estate brokerage Engel & Völkers, Costa
Smeralda is the most expensive location in Europe. House prices reach up to
300,000 euros per square meter.
The main towns and villages in the area, built according to
a detailed urban plan, are Porto Cervo, Liscia di Vacca, Capriccioli and
Romazzino. Archaeological sites include the Li Muri Giants' graves.
Each September the Sardinia Cup sailing regatta is held off
the coast. Polo matches are held between April and October at Gershan near
Arzachena. Other attractions include a film festival in Tavolara and a vintage
car rally.
Development of the area started in 1961, and was financed by
a consortium of companies led by Prince Karim Aga Khan. Spiaggia del Principe,
one of the beaches along the Costa Smeralda, was named after this Ishmaelite
Prince. Architects involved in the project included Michele Busiri Vici,
Jacques Couëlle, Savin Couëlle and Vietti.
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