EMAAR in PAKISTAN
Memorandum of Understanding with Port Qasim Authority
In May 2006, Emaar signed a MoU with Pakistan’s Port Qasim Authority for mixed use land development in Karachi. The agreement was signed by Emaar Chairman Mohamed Ali Alabbar and Senator Babar Khan Ghauri, Minister for Ports & Shipping in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, Pakistan's President Pervez Musharraf and Prime Minister Shaukat Aziz. The landmark development will consist of residential and commercial components, retail and leisure facilities besides hotels and lifestyle amenities including parks and water features. The development will also feature an 18-hole golf course that will house residences on its perimeter.
In September 2006, the government of Pakistan gave Emaar the go-ahead for a $43bn (£22.8bn) project to develop two island resorts in Bundal and Buddo Islands.
[edit] Highlands and Canyon Views, Islamabad
Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar. With 1,500 acres (6 km²) between them the two Islamabad communities offer 9,000 single-family town homes and villas in a range of architectural styles with amenities including retail centres, community club houses, parks, lakes, schools and mosques. The Highlands development is located within the Defense Housing Authority Islamabad (DHAI) Phase 1 extension and Canyon Views is within the DHAI Phase 2 extension. Offering approximately 50 separate community districts with its own individual identity, a spectrum of architectural styles ranging from Mediterranean, Tuscan, Mughal, Arabic and Spanish, will be available. The master planners for the two projects are WATG, RNL and JZMK. Architects are Mazen N. Issa, Alexandra Hayes, Bassenian Lagoni and Saunders + Wiant Architects of Newport Beach. The projects are expected to be completed in the next four to five years.
Canyon Views Villas project is proposed to be completed by December 2008. The communities will be designed with facilities such as Swimming pools, gymnasium, sports amenities, and running track.
[edit] Crescent Bay, Karachi
Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by 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.
[edit] Sheikh Zayed Center, Lahore
Sheikh Zayed Center Lahore will have 3 residential apartment buildings of 20-25 floors each, professionally managed by Hyatt Residency. The main tower will also host a 5-star Grand Hyatt Hotel, the largest reception(marriage)/conference halls in the country, plus offices for Multi-National Companies and Large Local Private and Public Corporates. There will also be residential suites in the main tower, managed by Hyatt Residency. Also, parking space will be provided for over 4,000 cars and Zayed Centre will be connected to the Gaddafi Stadium Sports Complex by a covered, over-head bridge.
In May 2006, Emaar signed a MoU with Pakistan’s Port Qasim Authority for mixed use land development in Karachi. The agreement was signed by Emaar Chairman Mohamed Ali Alabbar and Senator Babar Khan Ghauri, Minister for Ports & Shipping in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, Pakistan's President Pervez Musharraf and Prime Minister Shaukat Aziz. The landmark development will consist of residential and commercial components, retail and leisure facilities besides hotels and lifestyle amenities including parks and water features. The development will also feature an 18-hole golf course that will house residences on its perimeter.
In September 2006, the government of Pakistan gave Emaar the go-ahead for a $43bn (£22.8bn) project to develop two island resorts in Bundal and Buddo Islands.
[edit] Highlands and Canyon Views, Islamabad
Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar. With 1,500 acres (6 km²) between them the two Islamabad communities offer 9,000 single-family town homes and villas in a range of architectural styles with amenities including retail centres, community club houses, parks, lakes, schools and mosques. The Highlands development is located within the Defense Housing Authority Islamabad (DHAI) Phase 1 extension and Canyon Views is within the DHAI Phase 2 extension. Offering approximately 50 separate community districts with its own individual identity, a spectrum of architectural styles ranging from Mediterranean, Tuscan, Mughal, Arabic and Spanish, will be available. The master planners for the two projects are WATG, RNL and JZMK. Architects are Mazen N. Issa, Alexandra Hayes, Bassenian Lagoni and Saunders + Wiant Architects of Newport Beach. The projects are expected to be completed in the next four to five years.
Canyon Views Villas project is proposed to be completed by December 2008. The communities will be designed with facilities such as Swimming pools, gymnasium, sports amenities, and running track.
[edit] Crescent Bay, Karachi
Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by 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.
[edit] Sheikh Zayed Center, Lahore
Sheikh Zayed Center Lahore will have 3 residential apartment buildings of 20-25 floors each, professionally managed by Hyatt Residency. The main tower will also host a 5-star Grand Hyatt Hotel, the largest reception(marriage)/conference halls in the country, plus offices for Multi-National Companies and Large Local Private and Public Corporates. There will also be residential suites in the main tower, managed by Hyatt Residency. Also, parking space will be provided for over 4,000 cars and Zayed Centre will be connected to the Gaddafi Stadium Sports Complex by a covered, over-head bridge.
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