Burj Al Babas

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

  1. 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.


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