Mohamed Alabar sells Belgrade Waterfront penthouse

Mohamed Alabar, a billionaire from the United Arab Emirates and business partner in the Belgrade Waterfront project, has sold his penthouse in the luxury complex. The property is a 344 square meter apartment located in one of the first completed buildings, BW Residences, according to real estate cadastre data.

Eagle Hills, Alabar's company which is developing the project alongside the Serbian state, confirmed the sale. The company stated that the transaction is a private property matter for Mr. Alabar and that public data reflects the relevant details. The cadastre shows a preliminary sale with a deadline for finalization set for December 14, 2026, indicating that an agreement has been reached and the buyer has until that date to complete the payment.

While questions have been raised regarding whether the sale is connected to recent Serbian parliamentary elections and the loss of power by the Serbian Progressive Party (SNS), Eagle Hills maintains the transaction should be viewed strictly as a private real estate matter.