Mini-Dubai in Budapest: Works to start, giga real estate project launched

In the area earmarked for the so-called Mini-Dubai in Rákosrendező, Budapest, preparations for the project will begin with the demolition of buildings, tracks, tree felling and the removal of illegally dumped waste.

Mini-Dubai project underway in Budapest’s Rákosrendező

The Rákosrendező railway station. Source: Wikimedia Commons/12akd

On Friday, MÁV, the owner of the land, which is still state-owned but is to be handed over to Arab investors for the controversial mini-Dubaj project, announced a public tender for the preparation of the Rákosrendező area, hvg.hu reports.

The HUF 14 billion contract is for land reclamation with the most essential works, in particular the clearance of 130 hectares. According to the call for tenders, the project is to prepare the planned development of the Rákosrendező railway station, a new EUR 5 billion urban area, which is a priority investment.

The successful tenderer will have to cut down trees and clear the area of vegetation. In addition, the redundant buildings on the site must be demolished and the waste—some of which contains asbestos and is therefore hazardous—must be removed. They don’t have much time, as the government intends to hand over the site to the developer this autumn, mfor.hu writes.

Read also:

• Luxurious Mini-Dubai in Budapest: Europe’s tallest tower and a shopping mall underway
• Official: Law on Mini-Dubai project in Budapest adopted