Wealthy Arab Acquires Sunčani Hvar Island

The highly anticipated sale of Sunčani Hvar, located in the stunning Sunčani Hvar district of Central Dalmatia, has been reportedly acquired by Eagle Hills company from the United Arab Emirates. According to Jutarnji list, this decision was made by Radovan Vitek, owner of CPI Property Group. It is rumored that influential American fund Blackstone is also interested in taking over the property.

The price of the sale has not yet been disclosed, but it is eagerly anticipated on the Frankfurt Stock Exchange where CPI Property Group, the owner of Sunčani Hvar, is listed. If everything proceeds as planned, a formidable tourism company will be established in Central Dalmatia.

Muhamed Alabar, who is known for his investment in the Belgrade on the Water project and has shown interest in developing Zagreb Manhattan project in Zagreb, is reportedly involved in the construction of iconic Burj Khalifa tower in Dubai. This acquisition could bring significant growth to tourism industry in Croatia and boost its economy.