Crescent Bay, Karachi
Encyclopedia
Crescent Bay is a 75 acres (303,514.5 m²) development featuring high and mid-rise towers for residential and commercial
use, a shopping centre and five-star beachfront hotel
in Karachi
, Pakistan
. Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar properties. The towers will contain approximately 4,000 residential apartments.
The projects, will include a series of master planned communities that will set new benchmarks in commercial, residential and retail property within Pakistan. Crescent Bay, located within Karachi's DHA Phase 8 and close to the DHA golf course, will also offer individual architectural styles for each tower within the development.
Crescent Bay 1 will feature a hotel at the northernmost tip of the property, fronted by a long stretch of public beach. A unique
mall and waterfront promenade and piazza, complete with restaurants and an engaging mix of shops and boutiques, will be a major
attraction to this bay. Four office towers, surrounded by green spaces, parks and plazas, providing a tranquil environment for business.http://www.emaar.com/pakistan/crescent-bay/CrescentBayBrochure.pdf
Planners on the Crescent Bay development are Halcrow International with architects Norr and Holford.
The liquidity crisis
faced by Emaar Properties
in the UAE has had an impact on the timeline for the completion of the project.
The crescent bay project is taken over by DHA Karachi.
http://tribune.com.pk/story/204627/dha-takes-over-crescent-bay-project-on-the-rocks/
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
use, a shopping centre and five-star beachfront hotel
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
in Karachi
Karachi
Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
. Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar properties. The towers will contain approximately 4,000 residential apartments.
The projects, will include a series of master planned communities that will set new benchmarks in commercial, residential and retail property within Pakistan. Crescent Bay, located within Karachi's DHA Phase 8 and close to the DHA golf course, will also offer individual architectural styles for each tower within the development.
Crescent Bay 1 will feature a hotel at the northernmost tip of the property, fronted by a long stretch of public beach. A unique
mall and waterfront promenade and piazza, complete with restaurants and an engaging mix of shops and boutiques, will be a major
attraction to this bay. Four office towers, surrounded by green spaces, parks and plazas, providing a tranquil environment for business.http://www.emaar.com/pakistan/crescent-bay/CrescentBayBrochure.pdf
Planners on the Crescent Bay development are Halcrow International with architects Norr and Holford.
The liquidity crisis
Liquidity crisis
In financial economics, liquidity is a catch-all term that may refer to several different yet closely related concepts. Among other things, it may refer to Asset Market liquidity In financial economics, liquidity is a catch-all term that may refer to several different yet closely related...
faced by Emaar Properties
Emaar Properties
Emaar Properties , based in the United Arab Emirates, is a Public Joint Stock Company listed on the Dubai Financial Market. Established in 1997 with an initial paid-up capital of AED 1 bn, Emaar Properties is currently the Persian Gulf region's largest land and real estate developer...
in the UAE has had an impact on the timeline for the completion of the project.
See also
- Defence Housing AuthorityDefence Housing Authority, KarachiThe Defence Housing Authority, Karachi, also known as the Pakistan Defence Officers Housing Authority, Karachi, or DHA, Karachi, is the foremost development in Pakistan with many exclusive projects to its credit.-History and administration:...
- Defence Housing Society
The crescent bay project is taken over by DHA Karachi.
http://tribune.com.pk/story/204627/dha-takes-over-crescent-bay-project-on-the-rocks/