Emaar's Crescent Bay Project Sold Out in Karachi
On January 31 2008, Emmar Chairman Mohamed Alabbar told Erin Burnett of CNBC that a major project in Karachi sold out within hours of its being offered for sale. The project he was referring to is Emaar's Crescent Bay Project in Karachi. Crescent Bay was launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar.
According to Emaar, Crescent Bay is 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. Crescent Bay is located within Karachi’s DHA Phase 8 and in close proximity to the DHA golf course. Below is an artist's rendering of the completed project:
A friend of mine in Karachi reported via email as follows: "The first phase was overbooked in less than an hour of opening of the counter. Then there was balloting. Those who one were given a piece of paper. That piece of paper is already 10 times its original value.
There is no demarcation. Not even one pick ax has hit the ground. Only leaflets and pamphlets and Emmar's name sells.
It is said that one apartment presently priced at Rs 20 million will change hands much before its completion at more than twice this amount.
There are investors planning to buy a whole tower, to resell later.
One tower would on the average consist of 80 to 160 apartments. The payments would be in instalments according to phases of completion. All payments shall be strictly cash!
All this investment is on account of public enemy number 1 you know who.
The stupid fellow does not take commissions, does not have palaces in Surrey, Paris and Dubai does not own sugar and steel mills in Pakistan. What a shame.
Unless his children study in Oxford how can he feel the pain of children studying in Govt Schools? He can't even gift his wid $80K necklace to his wife paid for through a Swiss Bank issued Credit Card. Shame."
Here's a video clip about Karachi:
According to Emaar, Crescent Bay is 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. Crescent Bay is located within Karachi’s DHA Phase 8 and in close proximity to the DHA golf course. Below is an artist's rendering of the completed project:
A friend of mine in Karachi reported via email as follows: "The first phase was overbooked in less than an hour of opening of the counter. Then there was balloting. Those who one were given a piece of paper. That piece of paper is already 10 times its original value.
There is no demarcation. Not even one pick ax has hit the ground. Only leaflets and pamphlets and Emmar's name sells.
It is said that one apartment presently priced at Rs 20 million will change hands much before its completion at more than twice this amount.
There are investors planning to buy a whole tower, to resell later.
One tower would on the average consist of 80 to 160 apartments. The payments would be in instalments according to phases of completion. All payments shall be strictly cash!
All this investment is on account of public enemy number 1 you know who.
The stupid fellow does not take commissions, does not have palaces in Surrey, Paris and Dubai does not own sugar and steel mills in Pakistan. What a shame.
Unless his children study in Oxford how can he feel the pain of children studying in Govt Schools? He can't even gift his wid $80K necklace to his wife paid for through a Swiss Bank issued Credit Card. Shame."
Here's a video clip about Karachi:
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Emaar Pakistan is operating two projects under its belt Canyon Views Islamabad and Crescent Bay Karachi. Canyon views Islamabad is a housing society, projecting beautifully constructed, luxurious villas based on Mediterranean designs. The community layout follows that of a village, with each village having a separate gate, parks and a community swimming pool. The community provides its customers with options of choosing from plots, mixed use commercial and apartment complexes to the sale of three different types of villas, Miradors, Prados and Almas. Canyon Views Islamabad provides its residents with a wholesome lifestyle experience complemented by serviced amenities and commercial buildings. Crescent Bay Karachi on the other hand, is a seafront wonder, entailing the construction of luxurious apartment towers along the bay of the city. It is planned to be a construction marvel for Pakistan and the world to see. The magnificence of Crescent Bay has already surfaced itself on Google Earth, making the project visible through satellite images. Emaar has gained worldwide repute for its quality under taking and innovative styles of buildings and lay outs. Taking Canyon Views forward, it is an exclusive gated community spread over 350 acres of land, accommodating over 3000 units. The community projects a mix of natural attractions combined with exceptional architecture and the finest leisure facilities. The project is serving as a benchmark in developing master-planned communities. Once completed, it shall be a commitment to our promise of providing landmark lifestyles and shall change the real estate scene in the country.
http://www.dailytimes.com.pk/business/22-Mar-2015/emaar-dha-introduce-high-end-european-styled-villas
https://pakistanpropertyservices.com.pk/bahria-town-karachi-2-all-you-need-to-know/
Booking of Bahria Town Karachi 2 will start on 5th January 2023. Investors should be ready to invest in Bahria Town Karachi 2 to invest in the property of their choice. It is a golden opportunity for investors who want to invest in Bahria Town Karachi but cannot do so for any reason. They are again getting a chance to invest with the developers of their choice.
Bahria Town Karachi 2
Bahria Management is well-known for the amenities and facilities it provides. Bahria Management will follow the same international standards in Bahria Town Karachi 2. One of its main facilities is its location in the prime spot, which is very easy to access from different sides.
Bahria Town Karachi 2 Location:
Bahria Town Karachi 2 or BTK2 is located ideally 30 km from Bahria Town Karachi near Nooriayabad on M9 Motorway. This location is easy to access from different landmarks of the area, like the new Karachi Airport and DHA Phase1.
Bahria Town Karachi 2 and Bahria Town Karachi will be developed as Twin cities. Bahria Town Karachi will join Bahria Town Karachi 2 through the back gate.
Nearby areas:
M-10 Motorway is almost 30 minutes away
Jinnah International Airport is nearly 30 minutes away
The super-Highway toll plaza is nearly 34 minutes away
Malir Cantonment is nearly 50 minutes away
Gulzar E Hijri Scheme 33 is almost 55 minutes away
Dream World Family Resort is nearly 20 minutes away
Karachi Northern Bypass is nearly 39 minutes away
Al Ghafoor Green City is roughly 45 minutes away
North Town Residency Gadap Town is nearly 50 minutes away
Memon Medical Institute Hospital is almost 45 minutes away
Shah Faisal Town is almost 40 minutes away
Fiesta Family Water Park is nearly 30 minutes away
Development status:
The development of Bahria Town Karachi 2 is 40% completed. The gatehouse’s grey structure and roads with green belts on the 40% area are 100% finished now.
BTK2 Rates | Bahria Town Karachi 2 Rates | Payment Plan, Location and Map
These roads feature street lights too. The management has promised to complete the rest of the development within no time. The development time for Bahria Town Karachi 2 will be less than Bahria Town Karachi.
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Sector A Bahria Town Karachi 2 will be the priority for the developers to develop.
Successful developers:
Bahria Management has always offered projects offering luxurious and contemporary facilities for their investors and huge profits. They are well-reputed among investors, who want to invest with them to increase their profits. Bahria’s management has a great demand in their market. Each of the previous projects has been completely sold out.
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Investing with Bahria’s management is the priority of the investors.
Approval:
Bahria Town Karachi 2 is already approved by SDA and SBCA. All the documentation is 100% complete for the process of leasing Bahria Town Karachi 2. Investors can rent their property after completing their payment too.
Limited plots available:
Bahria Town Karachi 2 is offering limited plots for investment. The investors will have to hurry to book their properties as the demand will be higher and the supply of the properties will be low. Invest in Bahria Town Karachi 2 as soon as the booking opens.
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Considering these project factors, it can be the investment that delivers unmatched dividends and is a golden opportunity.
DHA Phase 8, Defence, Karachi
https://hspropertypk.com/property/the-views-tower-ii-by-emaar/
Description
The Views Tower 2 is in Emaar Ocean Front with state-of-the-art 2 and 3 bedroom apartments embodying the finest coastal luxury. Residents of The Views Tower 2 will have the unique blend of modern facilities and a serene waterfront lifestyle on their doorstep. With views of the Arabian Sea, the Views Tower II lifestyle promises to be truly one of a kind.
Offering:
– 2 Bed Cityscape View Apartments
– 3 Bed Oceanfront View Apartments
– 4 years Easy Payment Plan
– LIMITED INVENTORY
Highlights Of The Project:
Luxury Iconic Lifestyle
Uninterrupted Views of The Arabian Sea
Footsteps Away From The Beach
Safe & Secure Gated Community
Waterfront Promenade
Outstanding Dining & Retail Destinations
24/7 Security and CCTV Surveillance
Card-controlled Access for Vehicles and Pedestrians
A Safe Investment for Your Family and Your Future
Central Park
Perfect Location:
5 minutes drive to DHA Golf Club
5 minutes drive to Dolmen Mall
5 minutes drive to Outstanding
5 minutes drive to South City Hospital
Prices Starting From:
1 Bed Apartments PKR69.2M
2 Bed Apartments PKR 81.5M
3 Bed Apartments PKR 158.8M
4 Bed Apartments PKR 212.4M
Fall in love with the breathtaking sunsets over the Arabian Sea from the luxury of your living room. Each property has its own unique design aesthetic.
The road to the city of the future: evictions, demolitions and land reclamation.
https://www.thedial.world/issue-4/karachi-coastline-waterfront-development
“WHO WOULDN’T WANT A SKYLINE IN KARACHI, YAAR?”
WHEN: December 2022
WHERE: An under-construction development on land reclaimed from the Arabian Sea, Defence Housing Authority, Phase-VIII extension, Karachi
The apartment I was being shown did not exist, but no matter — until some decades ago, the ground beneath us didn’t either. On Google Earth, you can see this coastal appendage mutate over time, lengthening and fattening: Little rectangular plots divide and multiply amid fading foliage, extending an expensive Karachi neighborhood, pushing back the Arabian Sea. Inside the apartment that did not yet exist — we were inside a temporary model unit — the sales associate clacked past a six-person dining table to the far end of the living room.
“And here, you have a floor-to-ceiling oceanfront view,” she said brightly. I nodded appreciatively at the blank wall.
Later, we climbed up to the roof of the sales office and watched the construction taking place along the water’s edge. A paraglider swooped over mounds of upturned earth; a black kite dodged the long arm of a tower crane. The sea was pockmarked with distant trawlers. Ground broke on the first of 19 towers last year; when the project is completed, by the end of 2025, this sales office — including the model apartment we just toured — will be dismantled: Its glossy floors and gilded chandeliers exist only to pitch high-end vertical living to deep-pocketed Pakistanis. Alina, whose job it is to sell this dream, grew up in Dubai and is afraid of heights.
“I’d consider it, maybe, if someone gave me the penthouse,” she said, with a shrug.
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In Karachi, facts are always in flux. The city is home to 15 million people— or 20, or 30, depending on which account convinces you. It has long been touted as one of the world’s fastest-growing cities, but preliminary census data indicates a possible downtick in population in recent years, findings that will no doubt be hotly contested in coming months. It is a city of opportunity: Like New Yorkers, most Karachi-wallahs are originally from somewhere else, drawn like moths to the metropolis.
Still, to appreciate the current contestation over Karachi, take any small stretch of land — say, along the city’s coastline, which is 90 or 48 or 27 kilometers long, based on whom you cite — and watch it morph before your eyes, like an optical illusion, depending on who is telling its story.
It is a city of danger: Last year, more than 78,000 vehicles and 30,000 mobile phones were snatched at gunpoint; dozens of people were killed when they resisted. (Most people in Karachi can relate multiple genres of mugging stories: absurdist comedy, thriller, tragedy.) A hundred years ago, it was no more than a cluster of small fishing villages. Seventy-five years ago, it was the capital of the new state of Pakistan, welcoming hundreds of thousands of refugees from neighboring India. Today, it is violently remaking itself into a city of the future, through evictions, demolitions and land reclamation
[Read: The Dispossession of District Six]
All cities contain multitudes; this is not a particularly astute observation. Still, to appreciate the current contestation over Karachi, take any small stretch of land — say, along the city’s coastline, which is 90 or 48 or 27 kilometers long, based on whom you cite — and watch it morph before your eyes, like an optical illusion, depending on who is telling its story.
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The developer of this particular gated community is the scion of a United Arab Emirates-based Pakistani magnate,