Status Under construction Cost 2.4 billion USD Estimated completion 2020 | Construction started 2006 | |
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Type ResidentialCommercialRetail Similar Bahria Icon Tower, Karachi Zoo, Landhi Korangi Zoo, Karachi Safari Park, Lucky One | ||
Crescent bay karachi
Crescent Bay is a 108-acre (440,000 m2) under-construction upscale mixed-use oceanfront development in DHA, Karachi, Pakistan.
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Map of Crescent Bay, Karachi, 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.