Emaar Properties, known for its futuristic approach to buildings, has unveiled plans for a new project containing two towers that will top the charts in height, making them the world’s tallest towers once completed.
Dubai Creek Harbour will boast 39,000 homes and 22 hotels, making it three times the size of its downtown area, which contains the world’s tallest building, Burj Khalifa. Emaar Properties is partnering with Dubai Holding on this project.
Six towers, retail elements, and three hotels will round out Dubai Creek Residences, the first phase of the project, with the twin towers expected to be the centerpiece of the development. The six towers, which are 40 stories tall, will become waterfront properties, and contain one, two, and three bedroom apartments ranging from 880 to 2,154 sf. Dubai Creek Harbour as a whole will encompass 6 million sm (or 1,482 acres).
Starting November 1, apartments in two of the six towers will be available for sale on a first-come first-serve basis in the following locations: Dubai, Abu Dhabi, London, and Moscow.
Chairman of Emaar Properties, Mohamed Alabbar, told The National that the current market will be able to handle this magnitude of a project. “I think all the stakeholders in Dubai in this business learnt their lessons and have matured, the buyer, seller, bank, and regulator,” said Alabbar. “What is boils down to is supply and demand.”
Alabbar also commented to Dubai Holding that the vision of the project, “was to create a dynamic city of the future that integrates smart networks, while building on the cultural heritage of our city.”
Emaar Properties has not released information about the cost of the project, funding requirements, when ground will be broken, or the architect of the project.
For more information, visit www.emaar.com.
Related Stories
Sponsored | | Sep 13, 2014
5 common questions leaders should never ask
Asking the right questions can help business leaders to anticipate changes, seize opportunities and move their firms in new directions. SPONSORED CONTENT
| Sep 13, 2014
Why CEOs shouldn’t be afraid to ask for outside help
An oven-overlooked factor in assessing the success of a leader, according to organizational development consultant Brook Manville, is his or her ability to go far outside the organization to get help in solving problems. SPONSORED CONTENT
Sponsored | | Sep 13, 2014
Right Way Plumbing finishes first at Max Planck Florida Institute
The Max Planck Florida Institute consists of a three-story, 100,000-sf scientific research facility with 30,000 feet of copper joined with Viega ProPress fittings.
| Sep 12, 2014
Total immersion: Has virtual reality's time finally come?
The emergence of low-cost VR technology means that anyone with a few hundred bucks and a decent workstation can get in the game. But, as our experts reveal, pulling off VR is not so simple.
| Sep 12, 2014
Will on-site parking remain king in the development world?
In spite of the trend away from multi-car residences, not much has changed with regard to parking spot allocations within apartment buildings and other multi-unit residential developments, writes GS&P's Doug Sharp.
| Sep 11, 2014
5 competing designs unveiled for Presidio Parklands in San Francisco
To turn the underdeveloped area by Chrissy Field into new public space, San Francisco's Presidio Trust unveiled the five designs by five teams they invited earlier this year.
| Sep 11, 2014
Cintas invites public to vote for 'America's best restroom'
For the 13th consecutive year, Cintas Corporation is back with its popular America’s Best Restroom Contest. A team of survey editors once again scanned the country for the most creative and clean public restrooms and produced a crop of nominees sure to please.
| Sep 10, 2014
Ranked: Top transit facility sector AEC firms [2014 Giants 300 Report]
Leo A Daly, URS, and Skanska head BD+C's rankings of the largest transit facility sector design and construction firms, based on the 2014 Giants 300 Report.
| Sep 10, 2014
Must See: Shape-shifting architecture that responds to heat
Students in Barcelona have created a composite material using shape memory polymers that can deform and return to their original state when activated by cues like heat, humidity, and light.
| Sep 10, 2014
Lessons for the shore: Bolstering resilience of the built environment
Nearly 32 million people, or 28% of the East Coast's population, live in areas lying within a mile of a shore line. The good news is that municipalities are starting to take action, writes Sasaki Associates.