Burj Al Babas

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Burj Al Babas is a residential development located near the Turkish town of Mudurnu.[1] The homes in the development are designed to resemble miniature chateaux.[2] The center of the complex was to include a domed structure containing stores, a movie theater, and other facilities open to residents.

Construction began in 2014.[3] The development was originally successful, but sales eventually stalled, causing the developer to enter bankruptcy.[1] Falling oil prices and instability in Turkey have been cited as reasons for the lack of sales. As of January 2019, 587 of the planned 732 homes were complete.

References[edit]

  1. ^ a b Koc, Cagan (26 November 2018). "Builder of $200 Million Turkish Chateaux Project Goes Bankrupt". Bloomberg. Retrieved 10 March 2019.
  2. ^ Gall, Carlotta (3 March 2019). "Want a Castle in Turkey? You May Find a Bargain". The New York Times. Retrieved 11 March 2019.
  3. ^ Ravenscroft, Tom (18 January 2019). "Drone footage reveals hundreds of abandoned Turkish chateaux". Dezeen. Retrieved 11 March 2019.