Crescent Bay, Karachi

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Crescent Bay
General information
Status Under construction
Type Residential
Commercial
Retail
Location Karachi, Pakistan
Coordinates 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°E / 24.79194; 67.12750Coordinates: 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°E / 24.79194; 67.12750
Construction started 2006
Estimated completion 2020
Cost $2.4 billion
Design and construction
Architect Emaar Properties
References
Emaar Pakistan - Official website

Crescent Bay is a 108-acre (440,000 m2) under-construction upscale mixed-use oceanfront development in DHA, Karachi, Pakistan. It is considered as one of the biggest Projects in Pakistan.

The development feature's a series of high and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel. The development includes approximately 4,000 residential apartments. Launched on May 31, 2006, when completed the development would be the first development with a private beach and also the first based on reclaimed land.[1]

Even-though the development sold out in 2008,[2] it has faced significant delay's, initially due to the liquidity crisis faced by Emaar Properties following the 2008 financial crisis. Later, due to a legal battle with DHA Ltd for allegedly for breach of contract.[3] The construction resumed in mid-2015 and is contracted to NESPAK.[4][5]

See also[edit]

References[edit]

  1. ^ "Emaar seeks more time in Crescent Bay case - The Express Tribune". The Express Tribune. 2011-07-12. Retrieved 2016-06-13. 
  2. ^ "Haq's Musings: Emaar's Crescent Bay Project Sold Out in Karachi". www.riazhaq.com. Retrieved 2016-06-13. 
  3. ^ "DHA takes over: Crescent Bay project on the rocks - The Express Tribune". The Express Tribune. 2011-07-07. Retrieved 2016-06-13. 
  4. ^ "NESPAK :: News Detail". www.nespak.com.pk. Retrieved 2016-06-13. 
  5. ^ "EMAAR Pakistan". www.emaar.com. Retrieved 2016-06-13. 

External links[edit]