The Beogradska Arena is one of the largest European multi functional indoor arena's. It was constructed for sports, cultural events and sports events. Covering an area of 48,000 square meters, and a total maximum capacity of up to 23,000 seats, it is among the largest indoor arenas in Europe.

The official opening of the arena took place on the 31st of July, 2004, when the Diamond Ball basketball tournament was held.