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Old May 31st, 2006, 05:59 PM   #1
CityofVillains
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Crescent Bay- $18 bln Karachi Real Estate Project -Emaar

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, 06:03 PM   #2
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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

[IMG]http://www.ameinfo.com/images/news/1/26091-****.jpg[/IMG]

The projects 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, and Turkey, 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, 06:09 PM   #3
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Crescent Bay
Larger Render

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Old May 31st, 2006, 08:47 PM   #4
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another massive emaar development. incredible.
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Old May 31st, 2006, 08:55 PM   #5
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Wow, looks interesting. I cant see much but I have horrible feeling that the building will all look the same or similar creating one of those dull atmospheres... I like the ideas of the bays with the large towers guarding the peninsulas.
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Old June 1st, 2006, 12:08 AM   #6
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Great!!!!!!

Great news for Pakistan. This definetly shows that the country is turning into a hotspot for all sorts of investments!!
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Old June 1st, 2006, 07:18 AM   #7
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this is what happens when you go through a economic boom.
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Old June 1st, 2006, 01:46 PM   #8
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looks interesting south asia will have mumbai and karachi like new york and london
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Old June 1st, 2006, 08:28 PM   #9
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Any other renderings?
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Old June 1st, 2006, 09:16 PM   #10
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Quote:
Originally Posted by tapsboy
looks interesting south asia will have mumbai and karachi like new york and london

dnt forget Lahore, the paris of the east
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Old June 1st, 2006, 10:09 PM   #11
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Keep in mind that Crescent Bay is part of Emaar's initial $2.4 Billion investment into Pakistan (along with the two projects in Islamabad). This isn't part of the $18 Billion project to develop Port Qasim
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Old June 1st, 2006, 10:30 PM   #12
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kickin! i agree with erebus555 about the towers guarding the bay, interesting idea

looks good, though i hope for some clearer renders soon
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Old June 1st, 2006, 10:32 PM   #13
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Satellite imagery taken from the Pak forum shows Crescent Bay, ePlanet, Creek City, and Creek Marina. The City Gov. of Karachi plans to develop this whole region into a world class waterfront with lots of parks and highrises. Projects such as Creek City, Creek Marina, Crescent Bay, and ePlanet are initial projects, there are many more to follow.

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Old June 1st, 2006, 10:37 PM   #14
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In the background, you can see the Creek City project being built near-by the Crescent Bay project.

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Old June 1st, 2006, 10:46 PM   #15
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http://www.kauser.net/images/Emaar%2...0Bay%20Map.jpg

how big is this piece of land?
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Old June 2nd, 2006, 01:00 AM   #16
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Quote:
Originally Posted by pakboy
dnt forget Lahore, the paris of the east

Is it? I never knew that.

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Old June 2nd, 2006, 01:12 AM   #17
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Quote:
Originally Posted by Kashmiri84
Keep in mind that Crescent Bay is part of Emaar's initial $2.4 Billion investment into Pakistan (along with the two projects in Islamabad). This isn't part of the $18 Billion project to develop Port Qasim

Great News for Pakistan


They are spending $18 Billion on Port Qasim , That's Incredible!! That's almost as much as the amount of money being spent on the Palm Islands
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Old June 2nd, 2006, 01:31 AM   #18
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WOOOW
GREAT PROJECT.. GO PAKISTAN!!
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Old June 2nd, 2006, 01:33 AM   #19
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Amazing project... but why in Karachi ?
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Old June 2nd, 2006, 07:08 PM   #20
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Quote:
Originally Posted by Biakko
Amazing project... but why in Karachi ?
Why not in Karachi?

It is the buisness hub of Pakistan!
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