Dubai developer to build new city in Poland for 50,000
2008-07-09
Sultan Ahmed Bin Sulayem is ready to build a 50-thousand city in Balin near Chrzanów in the industrial south of Poland – “Polska” daily reports. The investment is to be financed by Al Nakheel Properties. The same developer is currently building the World – a man-made archipelago of 300 islands designed in the shape of a world map located off the Dubai coast.
REKLAMA
According to real estate market experts there are many factors contributing to the developer choosing Balin in Poland: great hunger for properties, relatively low land prices, dynamic labour-market in Silesia, academic centre in nearby Krakow, good transport links including the A4 motorway, the newspaper writes.
The Institute of Business Law and Foreign Investments Ltd. in Krakow operates on behalf of the investor and is currently collecting declarations from the land proprietors willing to sell their lots. The owners of the land are offered PLN 10 per 1 square meter which is ten times more than the previous offers.
