Dubai firm investing $5.4 billion in Belgrade Waterfront project
 

A company based in the United Arab Emirates says it will invest up to 4 billion euros ($5.4 billion) to build a business, residential and commercial area in the river zone of the Serbian capital, Belgrade.

Eagle Hills (Emaar) unveiled Friday the Belgrade Waterfront project designed to completely rebuild a run-down area at the heart of the Balkan city of two million people.

Executive Director Mohamed Alabbar, who is also chairman of Dubai’s Emaar Properties, says “we are going to create a regional hub out of Belgrade Waterfront that will be unmatched.”

The project includes a 220-meter tower similar in style to Dubai’s Burj Khalifa skyscraper, as well as a mega shopping mall, flats, offices and leisure zones covering one million square meters.

The project is expected to start in 2015.

http://www.bizlife.rs/files/images/n...ster-plana.jpg
http://www.beobuild.rs/read.php/667.html

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wow stunning project :O

How long will take until completion?

I like the concept, but it´s kind of urealistic for a relative poor country like serbia, where would they find the tenants and consumers for such a huge investment?

BW Residences - UC

http://www4.slikomat.com/13/1208/9on-0d9e2e.jpg

http://www4.slikomat.com/13/0401/1w8-fdef94.jpg

Kula Belgrade (St Regis Hotel and Residences) - UC

http://www4.slikomat.com/13/0204/xdp-news.jpg

W Hotel - UC

http://i1144.photobucket.com/albums/...54c_resize.jpg

Next (UC) is Belgrade Mall and two more residential towers.

Seems like a really good development. I am curious if this was a open space or if part of Belgrade had to be demolished.

Is there really a market for this in Serbia?

The project, at face value, sounds bizarre, with St. Regis supertowers and the like. Lots of business travelers in Serbia, willing to pay $1,000 USD a night for a hotel room?

And is domestic demand for luxury really that deep? We're talking a poor country of maybe 7 million, tops.

Serbia's per capita income is most similar to that of Angola and the Dominican Republic.
https://en.wikipedia.org/wiki/List_o...al)_per_capita

Location of the project is old railway and industrial part of the city.

http://www4.slikomat.com/13/0613/1hg-bgbgbg.png

Old Mill , after the fire

http://www4.slikomat.com/13/1223/am8-7.jpg

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Today

http://www4.slikomat.com/13/1223/wfi-Radiss.jpg

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http://beobuild.rs/visuals/data/media/1/smlin.jpg

yeah, we'll see how this will be built :)

Belgrade Mall

http://beobuild.rs/forum/download/file.php?id=18884

http://i1144.photobucket.com/albums/...642_resize.jpg

http://beobuild.rs/forum/download/file.php?id=18550&t=1

http://beobuild.rs/forum/download/file.php?id=18551&t=1

http://beobuild.rs/forum/download/file.php?id=18552&t=1

http://beobuild.rs/forum/download/file.php?id=18553&t=1

http://beobuild.rs/forum/download/file.php?id=18555&t=1

https://preview.ibb.co/bGPWbU/Screen...814_104337.png

https://preview.ibb.co/m6tUVp/Screen...814_104106.png

There's probably more of a market than you realize because so much of the infrastructure was destroyed in the war and hasn't been rebuilt. It's a stable society in Europe so it's far from a saturated market in any way. I agree that on paper in some respects it doesn't look promising but eventually it'll probably work out.

serbia is market for money laundering such is this project. Everything here is now not as it seems to be. shame but true

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