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Old May 31st, 2006, 01:40 PM   #1
Krazy
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DHA PHASE 8 | Crescent Bay by Emaar | Mixed Use | U/C

Emaar unveils three real estate projects in Pakistan with total investment of AED 8.8 billion

Emaar Properties, the leading property developer, today announced three real estate developments in the cities of Islamabad and Karachi in Pakistan.


Crescent Bay.

The projects, with a total investment of AED 8.8 billion (US$2.4 billion), will include a series of master planned communities that will set new benchmarks in commercial, residential and retail property within Pakistan.

The nation's capital, Islamabad, is home to two Emaar Pakistan projects: the Highlands and Canyon Views. With 1,500 acres between them the Islamabad communities offer 9,000 luxury single-family town homes and villas in a range of architectural styles with easy access to amenities including retail centres, community club houses, parks, lakes, schools and mosques.

Karachi will be home to Crescent Bay, a 75-acre development featuring high- and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The towers will contain approximately 4,000 residential apartments.

Mohamed Ali Alabbar, Chairman, Emaar Properties said Pakistan represented a vital link in Emaar's global and regional plans. 'These current projects are only a small and initial part of our commitment to providing world-class living and infrastructure in Pakistan,' Alabbar said.

He added: 'Pakistan will play an important role in the development of Emaar's reputation in Asia, and remains one of our most significant commitments outside of the UAE.'

The Highlands development is located within the Defense Housing Authority Islamabad (DHAI) Phase 1 extension and Canyon Views is within the DHAI Phase 2 extension. Offering approximately 50 separate community districts with its own individual identity, a spectrum of architectural styles ranging from Mediterranean, Tuscan, Mughal, Arabic and Spanish, will be available to select from.

Crescent Bay, located within Karachi's DHA Phase 8 and in close proximity to the DHA golf course, will also offer individual architectural styles for each tower within the development. All three projects are expected to be completed in the next four to five years.

Mohammed Al Falasi, Managing Director of Emaar Pakistan said: 'Our goal is to create a series of exciting developments that set new standards for commercial and residential property. Highlands, Canyon Views and Crescent Bay will set these standards and are the first of many projects that we have planned for other cities in Pakistan, which we will be developing over the next few years.'

World famous master planners on the Crescent Bay development are Halcrow International with architects Norr and Holford while master planners WATG, RNL and JZMK are working on Highlands and Canyon Views projects.

Architects for the Islamabad projects are Mazen N. Issa, Alexandra Hayes, Bassenian Lagoni and Saunders & Wiant. The master planners have brought inspiration from the world's best designed residential communities to Pakistan - offering another Emaar signature landmark to the region.

Al Falasi added: 'Furthermore, we are aiming to preserve 20 per cent of the project area as green space, offering a haven of peace and natural beauty in the middle of a thriving community.'

Emaar's innovative offering of self-contained, amenities-rich communities have created lifestyle options that have been the first choice for many residents around the world. The integration of schools, health facilities, parks, landscaped grounds and retail centres into master-planned golf, equestrian and marina-themed lifestyles has proved a winning combination.

With joint ventures and projects covering Saudi Arabia, Syria, Morocco, Egypt, Tunisia, Turkey and India, Emaar is taking its winning formula first conceived in its home base Dubai to the rest of the world.
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Old May 31st, 2006, 02:11 PM   #2
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Source :http://www.propertyworldme.com/content/html/1383.asp

The projects, with a total investment of AED 8.8 billion (US$2.4 billion), will include a series of master planned communities
Emaar Properties, the leading property developer, announced three real estate developments in the cities of Islamabad and Karachi in Pakistan. The projects, with a total investment of AED 8.8 billion (US$2.4 billion), will include a series of master planned communities that will set new benchmarks in commercial, residential and retail property within Pakistan.

The nation’s capital, Islamabad, is home to two Emaar Pakistan projects: the Highlands and Canyon Views. With 1,500 acres between them the Islamabad communities offer 9,000 luxury single-family town homes and villas in a range of architectural styles with easy access to amenities including retail centres, community club houses, parks, lakes, schools and mosques.

Karachi will be home to Crescent Bay, a 75-acre development featuring high- and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The towers will contain approximately 4,000 residential apartments.

Mohamed Ali Alabbar, Chairman, Emaar Properties said Pakistan represented a vital link in Emaar’s global and regional plans. “These current projects are only a small and initial part of our commitment to providing world-class living and infrastructure in Pakistan,” Alabbar said.

He added: “Pakistan will play an important role in the development of Emaar’s reputation in Asia, and remains one of our most significant commitments outside of the UAE.”

The Highlands development is located within the Defense Housing Authority Islamabad (DHAI) Phase 1 extension and Canyon Views is within the DHAI Phase 2 extension. Offering approximately 50 separate community districts with its own individual identity, a spectrum of architectural styles ranging from Mediterranean, Tuscan, Mughal, Arabic and Spanish, will be available to select from.

Crescent Bay, located within Karachi’s DHA Phase 8 and in close proximity to the DHA golf course, will also offer individual architectural styles for each tower within the development. All three projects are expected to be completed in the next four to five years.

Mohammed Al Falasi, Managing Director of Emaar Pakistan said: “Our goal is to create a series of exciting developments that set new standards for commercial and residential property. Highlands, Canyon Views and Crescent Bay will set these standards and are the first of many projects that we have planned for other cities in Pakistan, which we will be developing over the next few years.”

World famous master planners on the Crescent Bay development are Halcrow International with architects Norr and Holford while master planners WATG, RNL and JZMK are working on Highlands and Canyon Views projects.

Architects for the Islamabad projects are Mazen N. Issa, Alexandra Hayes, Bassenian Lagoni and Saunders & Wiant. The master planners have brought inspiration from the world’s best designed residential communities to Pakistan – offering another Emaar signature landmark to the region.

Al Falasi added: “Furthermore, we are aiming to preserve 20 per cent of the project area as green space, offering a haven of peace and natural beauty in the middle of a thriving community.”

Emaar’s innovative offering of self-contained, amenities-rich communities have created lifestyle options that have been the first choice for many residents around the world. The integration of schools, health facilities, parks, landscaped grounds and retail centres into master-planned golf, equestrian and marina-themed lifestyles has proved a winning combination.

With joint ventures and projects covering Saudi Arabia, Syria, Morocco, Egypt, Tunisia, Turkey and India, Emaar is taking its winning formula first conceived in its home base Dubai to the rest of the world.

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Old May 31st, 2006, 02:14 PM   #3
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Source : http://today.reuters.com/business/ne...yID=nL31559572

UAE's Emaar win $18 bln Pakistan property deal

DUBAI, May 31 (Reuters) - United Arab Emirates firm Emaar Properties has signed an $18 billion deal with Pakistan's Port Qasim Authority to develop land in Karachi.

A Emaar statement on the Dubai bourse Web site said on Wednesday that the development would include apartments, commercial and retail space as well as hotels and other leisure facilities.

An Emaar official said the deal was signed in Pakistan.
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Old May 31st, 2006, 03:37 PM   #4
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Emaar unveils three real estate projects in Pakistan
By our correspondent

31 May 2006



DUBAI - Emaar Properties, the leading property developer, today announced three real estate developments in the cities of Islamabad and Karachi in Pakistan. The projects, with a total investment of AED 8.8 billion (US$2.4 billion), will include a series of master planned communities that will set new benchmarks in commercial, residential and retail property within Pakistan.


Islamabad is home to two Emaar Pakistan projects: the Highlands and Canyon Views. With 1,500 acres between them the Islamabad communities offer 9,000 luxury single-family town homes and villas in a range of architectural styles with easy access to amenities including retail centres, community club houses, parks, lakes, schools and mosques.

Karachi will be home to Crescent Bay, a 75-acre development featuring high- and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The towers will contain approximately 4,000 residential apartments.

Mohamed Ali Alabbar, Chairman, Emaar Properties said Pakistan represented a vital link in Emaar's global and regional plans. "These current projects are only a small and initial part of our commitment to providing world-class living and infrastructure in Pakistan," Alabbar said.

He added: "Pakistan will play an important role in the development of Emaar's reputation in Asia, and remains one of our most significant commitments outside of the UAE."

The Highlands development is located within the Defence Housing Authority Islamabad (DHAI) Phase 1 extension and Canyon Views is within the DHAI Phase 2 extension. Offering approximately 50 separate community districts with its own individual identity, a spectrum of architectural styles ranging from Mediterranean, Tuscan, Mughal, Arabic and Spanish, will be available to select from.

Crescent Bay, located within Karachi's DHA Phase 8 and in close proximity to the DHA golf course, will also offer individual architectural styles for each tower within the development. All three projects are expected to be completed in the next four to five years.

Mohammed Al Falasi, Managing Director of Emaar Pakistan said: "Our goal is to create a series of exciting developments that set new standards for commercial and residential property. Highlands, Canyon Views and Crescent Bay will set these standards and are the first of many projects that we have planned for other cities in Pakistan, which we will be developing over the next few years."

World famous master planners on the Crescent Bay development are Halcrow International with architects Norr and Holford while master planners WATG, RNL and JZMK are working on Highlands and Canyon Views projects.

Architects for the Islamabad projects are Mazen N. Issa, Alexandra Hayes, Bassenian Lagoni and Saunders & Wiant. The master planners have brought inspiration from the world's best designed residential communities to Pakistan - offering another Emaar signature landmark to the region.

Al Falasi added: "Furthermore, we are aiming to preserve 20 per cent of the project area as green space, offering a haven of peace and natural beauty in the middle of a thriving community."

Emaar's innovative offering of self-contained, amenities-rich communities have created lifestyle options that have been the first choice for many residents around the world. The integration of schools, health facilities, parks, landscaped grounds and retail centres into master-planned golf, equestrian and marina-themed lifestyles has proved a winning combination.

With joint ventures and projects covering Saudi Arabia, Syria, Morocco, Egypt, Tunisia, Turkey and India, Emaar is taking its winning formula first conceived in its home base Dubai to the rest of the world.
http://www.khaleejtimes.com/DisplayA...=business&col=
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Old May 31st, 2006, 03:38 PM   #5
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Great news.
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Old May 31st, 2006, 03:44 PM   #6
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Creek Marina's certainly going down after this!
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Old May 31st, 2006, 03:54 PM   #7
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No way ....

Creek Marina's location is different .. plus .... these new projects will take time to get mature.... at the other hand Creek Marina & Sneak View booking is already in progress.
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Old May 31st, 2006, 05:15 PM   #8
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Fahad were you at VT once?
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Old May 31st, 2006, 05:20 PM   #9
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I thought Emaar was already working in Pakistan. Near Lahore they are planning to build a new city. Look here:

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Old May 31st, 2006, 05:36 PM   #10
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Thats a map of islamabad not Lahore. Yeap Emaar had planned to build in DHA II for quite a while now it was on the DHAI website also. Good stuff seems like DHA islamabad will be a nice place Emaar, Al Ghurair and Malaysian firms building in this area.
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Old May 31st, 2006, 05:43 PM   #11
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Quote:
Originally Posted by arfie
Thats a map of islamabad not Lahore. Yeap Emaar had planned to build in DHA II for quite a while now it was on the DHAI website also. Good stuff seems like DHA islamabad will be a nice place Emaar, Al Ghurair and Malaysian firms building in this area.
O yeah, you're right. But I read somewhere that they are also building a city near Lahore.
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Old May 31st, 2006, 07:34 PM   #12
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Quote:
Originally Posted by ArchiPak
O yeah, you're right. But I read somewhere that they are also building a city near Lahore.

that city was not theres it was bahria towns, the CM had stolen it from them and handed it over to emaar but bahria seem to have gotten it back now.

the launch by emaar was planned for end of 2006 so i guess bahria will be launching it by nov-dec this year,
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Old May 31st, 2006, 10:37 PM   #13
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Quote:
Originally Posted by ArchiPak
O yeah, you're right. But I read somewhere that they are also building a city near Lahore.
Yeah it was supposed to be Emaar's but now Punjab Govt. and UAE Govt. have formed a JV Real Estate Company called Taavun and Zayed Centre Lahore is its first project, the $1bn Lake City will follow very soon.
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Old June 19th, 2006, 08:13 PM   #14
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Quote:
Originally Posted by arfie
Thats a map of islamabad not Lahore. Yeap Emaar had planned to build in DHA II for quite a while now it was on the DHAI website also. Good stuff seems like DHA islamabad will be a nice place Emaar, Al Ghurair and Malaysian firms building in this area.
actualy that is a map of lahore maby i am mistaken but i dont know of any river in islamabad and any ways there are no lakes in that map. Oh and at the very top of the map it says road to Islamabad.
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Old May 31st, 2006, 10:33 PM   #15
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Quote:
Originally Posted by Krazy
Fahad were you at VT once?
Im sorry, VT?
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Old May 31st, 2006, 06:07 PM   #16
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Excellent news! With creek city and creek marina, the Emaar project will be an excellent addition to the Karachi coastline!

And FahadK, Creek Marina/City is also being built by a reputable firm, Meinhardt, so I doubt its reputation would diminish much because of Crescent Bay, but all of this development will definitely propel Karachi and Islamabad into international ranks.
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Old May 31st, 2006, 08:03 PM   #17
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Maybe this new competition will make Creek city people speed up process so that they have some sort of a head start.
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Old May 31st, 2006, 09:32 PM   #18
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Nothing but crap for the rich of Pakistan. At least the middle class can afford homes in places like Bahria town!

The design for some reason also does not attract me.
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Old May 31st, 2006, 11:39 PM   #19
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our country is def going up and this government has laso played its part.....
This Gov should stay......these projects would be great for the image of country....
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Old May 31st, 2006, 11:59 PM   #20
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Go Pakistan Go

Now thats what i call being on the right track and the best news is that this is just the start......
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