JOURNAL ARTICLE

Hungary, Eagle Hills Say Dubai-Style Hub in Budapest Proceeds.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kasnyik, Marton; Fattah, Zainab 3 of 3

Abstract

The Hungarian government has sold land in Budapest to Eagle Hills Properties LLC, allowing for the construction of the tallest buildings in the European Union. The €5 billion project aims to create a new neighborhood resembling Dubai, with towers reaching up to 500 meters. The deal has faced criticism from opposition leaders in Budapest who argue that the focus should be on addressing the housing crisis instead. The development will include green spaces and modern amenities, with construction expected to begin soon. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/01, pN.PAG
  • Document Type:Article
  • Subject Area:Geography and Cartography
  • Publication Date:2025
  • Accession Number:182328177
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