Crescent Bay, Karachi
| 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°ECoordinates: 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°E |
| 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.
Even-though the development sold out in 2008, 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. The construction resumed in mid-2015 and is contracted to NESPAK.
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