Haunting Photos Reveal an Abandoned Town of Disneyesque Castles
architecturaldigest.com
architecturaldigest.com
Like you say - the people that did the layout for this development had no idea what they were doing.
Or the plan got iteratively worse - e.g. there were going to be 10 different house types but it got whittled down to 1. Everything was going to be very spread out but then they progressively had to plan for less and less land.
Real estate as money laundering is a well known tactic, and developments of the sort described are a perfect vehicle for them. Hell, almost all of London is a perfect vehicle for them, but that’s a different rant.
That seems to be exactly what they did based on this photo of their brochure[0].
[0] https://www.loveproperty.com/galleries/109137/burj-al-babas-...
Upper Middle Class and Nouveau Riche kitsch knows no bounds.
Even famous and wealthy artists sometimes live in ridiculous McMansions, as though their creative abilities didn't given them an ounce of taste.
In this video https://www.youtube.com/watch?v=DRzpDqqB2fk it appears they didn't really finish any of them, which definitely makes it seem like a scam. Who would build a giant project like this not in phases?
edit: Yep, no paved roads in the development: https://www.google.com/maps/place/Burj+Al+Babas+Villa/@40.44...
[1] https://www.google.com/maps/@55.6784592,12.461008,3a,75y,152...
[1] https://www.bloomberg.com/news/articles/2018-11-26/builder-o...
One thing that makes medieval towns so nice is all the buildings are different, and they're all somewhat cockeyed.
https://www.google.com/maps/@47.6652292,-122.2070988,3a,75y,...
Who would build that many ugly houses with no promise of people moving in? It just doesn't make sense.
I know the story says 300 were "sold" but that still doesn't add upp. If they sold 300 house before they were even finished then it's already a red flag. Who buys a house before it's finished? Before they even know what it's going to look like in the environment where it will be located.
It reeks of fraud to me. Most likely they got grants from the government for each "sale" they made and then built shoddy houses and kept any money they didn't have to spend on proper building materials and workers.
Either that or they're just the dumbest people in the world, with money, and a vision. Because that's what it would take to litter the landscape with those monstrosities. A lot of money, no brains and a vision.
I'd say this is the norm for most property development around the world. A developer creates a plan, people apply for it and get individual mortgages, the developer takes that money (in-fact having sold say 60% of them) and delivers within 3 years all the buildings, while selling the remaining 20% during development and the other 20% after.
BUT the big difference is that while they're building the 3rd and 4th house, people are already moving into the 1st one.
This turkish organisation built SEVEN HUNDRED houses without anyone moving in. Surely you can see how that does not add up?
Note that in these cases a presale does not mean the property is fully paid for - it means that some deposit and paperwork have been filed and that the final price on close of escrow has been locked in.
Probably the 300 were bought by people looking for investment purchases, with no plan to move and without spending any time to look what this will become, just at the plan of the building they are buying. Out of context purchase of real estate, modus operandi of certain types of investors.
Middle East? don't think many people consider it the middle east.
Turkey is also still officially applying for EU membership although neither side wants it these days and the process is all but dead.
https://en.wikipedia.org/wiki/Accession_of_Turkey_to_the_Eur...
https://www.openstreetmap.org/node/6271669244#map=14/41.0320...
https://de.wikipedia.org/wiki/Mittlerer_Osten