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
| Aug 8, 2013
Level of Development: Will a new standard bring clarity to BIM model detail?
The newly released LOD Specification document allows Building Teams to understand exactly what’s in the BIM model they’re being handed.
| Aug 8, 2013
Vertegy spins off to form independent green consultancy
St. Louis-based Vertegy has announced the formation of Vertegy, LLC, transitioning into an independent company separate from the Alberici Enterprise. The new company was officially unveiled Aug. 1, 2013
| Aug 5, 2013
Top Retail Architecture Firms [2013 Giants 300 Report]
Callison, Stantec, Gensler top Building Design+Construction's 2013 ranking of the largest retail architecture and architecture/engineering firms in the United States.
| Aug 5, 2013
Top Retail Engineering Firms [2013 Giants 300 Report]
Jacobs, AECOM, Henderson Engineers top Building Design+Construction's 2013 ranking of the largest retail engineering and engineering/architecture firms in the United States.
| Aug 5, 2013
Retail market shows signs of life [2013 Giants 300 Report]
Retail rentals and occupancy are finally on the rise after a long stretch in the doldrums.
| Aug 5, 2013
Top Retail Construction Firms [2013 Giants 300 Report]
Shawmut, Whiting-Turner, PCL top Building Design+Construction's 2013 ranking of the largest retail contractor and construction management firms in the United States.
| Aug 2, 2013
Michael Baker Corp. agrees to be acquired by Integrated Mission Solutions
Michael Baker Corporation (“Baker”) (NYSE MKT:BKR) announced today that it has entered into a definitive merger agreement to be acquired by Integrated Mission Solutions, LLC (“IMS”), an affiliate of DC Capital Partners, LLC (“DC Capital”).
| Jul 31, 2013
Hotel, retail sectors bright spots of sluggish nonresidential construction market
A disappointing recovery of the U.S. economy is limiting need for new nonresidential building activity, said AIA Chief Economist, Kermit Baker in the AIA's semi-annual Consensus Construction Forecast, released today. As a result, AIA reduced its projections for 2013 spending to 2.3%.
| Jul 30, 2013
Better planning and delivery sought for VA healthcare facilities
Making Veterans Administration healthcare projects “better planned, better delivered” is the new goal of the VA’s Office of Construction and Facilities Management.
| Jul 30, 2013
Healthcare designers get an earful about controlling medical costs
At the current pace, in 2020 the U.S. will spend $4.2 trillion a year on healthcare; unchecked, waste would hit $1.2 trillion. Yet “waste” is keeping a lot of poorly performing hospitals in business, said healthcare facility experts at the recent American College of Healthcare Architects/AIA Academy of Architecture for Health Summer Leadership Summit in Chicago.
