UAE based company to build Belgrade Waterfront: set to be Serbia’s Dubai

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BY: Layan Odeh - Belgrade

It’s a story exploring the historical, albeit under-utilized, area along the Sava River in the Serbian capital, Belgrade.
Previously in ravaged by war, the region recently came to light in 2014 when Eagle Hills, a UAE-based private investment and real estate development company signed an agreement with the Serbian government.

Belgrade Waterfront, the name given to the project, will transform the historical city into a revived and sustainable one. The smart city is set to become a new hub of the capital and will attract a wide selection of businesses. Eagle Hills will head the project, costing $3 bln.

The Belgrade Waterfront site spreads across one million square meters of land, and will include a shopping mall and eight hotels.

Eagle Hills will also build a train and tram station, connecting the historical old town to the smart city. Also the company will support further development in Belgrade.

But the development will not neglect its heritage, as it will restore historical buildings and monuments in an effort to preserve its architectural heritage.

The development is pitched as catering to all generations, by building playgrounds, cycle tracks and walking paths for the elderly.

It is hoped the development will deliver five percent of Belgrade’s gross domestic product (GDP) and create up to 20,000 jobs.

Meanwhile the Sava river has been given a new lease of life, having been cleared of pollution. And on its banks playgrounds and restaurants are being built overlooking the Sava River.

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