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There's a $200 million abandoned village of Disney-like castles in Turkey. Take a look inside.https://www.businessinsider.in/miscellaneous/theres-a-200-million-abandoned-village-of-disney-like-castles-in-turkey-take-a-look-inside-/slidelist/67564737.cms2019-01-17T01:37:09+05:30

There's a $200 million abandoned village of Disney-like castles in Turkey. Take a look inside.

Jan 17, 2019, 01:37 IST

The villas are located near the small town of Mudurnu in Turkey's northwestern region.

Buyers can purchase the homes for $400,000 to $500,000 each — a price tag that catered to a wealthier Middle Eastern clientele.

Of the more than 732 villas, around 350 were sold to Arab investors. Many of the sales have since fallen through.

The project's architect told the AFP that buyers were likely impacted by the decline in oil prices.

The fall of the Turkish economy is also blame.

As Turkey contends with an economic crisis, it has also been racked by political turmoil.

As the country heads toward a recession, the Burj Al Babas' architect remains hopeful that the development will open by October 2019.

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