We will appeal the ruling." And he seemed hopeful that the bankruptcy wasn't the end of the complex, adding: "The total value of the project is about $200 million. "We applied for bankruptcy protection but the court ruled for bankruptcy. He told Hurriyet Daily News: "We couldn't get about $7.5 million (£5,585,662) receivables for the villas we have sold to Gulf countries. The chairman of Sarot Group, Mehmet Emin Yerdelen blamed the collapse of the project on those who refused to pay for the homes they bought. Today, as many as 530 half-built houses are left on the land without any care or owner. Reports even claimed that the real estate venture was off to a flying start with half of the properties selling in advance.īut sales started dropping badly by 2018 and the developers were eventually declared bankrupt before the project could be completed. The Burj Al Babas is an abandoned ghost town in Turkey filled with Disney-like castles.īuilders went bankrupt /rekitbwkQf- 🌊Biker Phill Johnson 🌊 September 20, 2021 I didn’t know Trump had businesses in #Turkey …Ī $200 million ghost town in Turkey is filled with castles reminiscent of Disneyland - minus all the people Everything seemed fine after construction began in 2014 and the homes went on sale for between $370,000 (£275,574) and $530,000 (£394,741). In addition to the stylish houses, the Sarot Group also had plans of building a cinema, a shopping centre, and sports complexes in the town. The group hoped the project would draw wealthy Gulf families and tourists who would be ready to buy the properties quickly. The properties were designed by Sarot Group with Gothic turrets, large windows, and balconies. But today, the town wears a deserted and almost spooky look. The place was supposed to have as many as 732 three-storied villas costing $200 million.
The town which is made up of several Disneyland-style castles, is now abandoned even after being promoted as a luxury development for years. But today, the place is nothing but a 'ghost town.' Located in Turkey's Mudurnu, Burj Al Babas has often made headlines for being an exclusive place for the rich and the elite. When you were a kid, did you dream of living in a Disney castle? Well, there are real homes that actually may actually look like something from your childhood dream.
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