Dubai in Hungary: Budapest’s over 100-year-old metro line may be extended

Contracts could be signed this year for a new project to extend the small landfill site by the Hungarian government.

At a press conference on Monday, Construction and Investment Minister János Lázár confirmed that negotiations are under way on the luxury development project, known as Maxi-Dubai, near Rákosrendező. This project involves substantial investments in Dubai, ranking among the largest worldwide, with the investor contributing almost HUF 5 billion (EUR 13,090,491).

Lázár mentioned the local renewal of the railway track, but details regarding the potential inclusion of a towering block on the site remain undisclosed. According to a document obtained by Népszava, two people are currently interested in this special area.

Dubai in Hungary

According to the document, following the evaluation of the two tenders, the government has directed the preparation of an international treaty between the UAE and Hungary. On Monday, János Lázár told Népszava that the government might sell the land, emphasising it is, in essence, a “joint real estate development.”