11/11/2023 0 Comments Dubai creek tower news![]() Net profit for the six months to the end of June climbed to Dh4.9 billion ($1.3 billion), the company announced last month. It currently has projects in Egypt, India and Turkey as well as Jordan, Lebanon, Morocco and Pakistan.Įmaar Properties reported a 15 per cent surge in its first-half profit earlier this month, amid a booming property market in Dubai. Mr Alabbar said the company's board is developing long-term plans for the next 15 to 20 years, looking at new projects both in the UAE and overseas. “The real estate market in the UAE will witness further growth and is still promising,” he said. This year, the company will deliver about 45 new towers containing 15,000 apartments. He also said Emaar Properties is currently looking at new locations in Dubai where it can expand. “We are seeking during the next seven to eight months to develop a new idea about the project and we hope to start construction within a year from now,” he told news agency Wam. In an update this week, Mr Alabbar said the tower “is currently in the process of being redesigned” by an unnamed international company that was selected after a tender process. The cable-tied tower, designed by the Spanish-Swiss architect Santiago Calatrava, was due to be 100 metres taller than the Burj Khalifa.įoundations for the tower, which will be located in the centre of the Dubai Creek Harbour development, were completed in 2017 but there has not been much progress made in recent years. One of the most interesting artifacts in the neighbourhood is Al Fahidi Fort.Dubai Creek Tower, the planned centrepiece of one of Emaar Properties' latest projects, is being redesigned, founder Mohamed Alabbar has said. The historical complex of Al Fahidi is famed for its old Arab buildings and lanes, a coffee museum, art galleries and artisan cafes, which draws in a lot of visitors every year. It was just an extraordinary survival, because in the 1980’s, half of the village was demolished and was planned to be replaced by a large office complex. The neighborhood was originally built in the XVIII century and only some parts of it were saved in rapidly upgrading Dubai’s settings. These beautiful birds have almost become some sort of mascot for the Dubai wildlife protection programme’s.Īl Fahidi Historical Neighborhood, also known as Al Bastakiya, is another popular tourist destination located 20-minute drive away. The reserve is home to over 450 animal species, including about 500 big rose flamingoes. Ras Al Khor Wildlife Sanctuary is set just moments away from Dubai Creek Harbour (less than a 10-minute drive) and is worth mentioning that local wildlife preservation is an integral part of Dubai Creek Harbour master-plan project. Pricing for these residences start from AED 2,054,000 (USD 560,000). On the top levels of the building there are exquisite penthouses with four to five bedrooms. The apartments come in several layouts that vary from one to four bedrooms. In addition, Address Harbor Point has retail venues, cafes and restaurants. The towers are connected by a glass-walled pedestrian skybridge and the complex is divided into Address Harbour Point Hotel which has 202 rooms, and the Residences Harbour Point. Address Harbour Point is a premium, residential complex which comprises two towers rising 65 and 53 floors high.Bayshore homes cost AED 965,000 (USD 263,000) with amenities including a pool with a separate zone for kids, a conference-hall, a facilitated BBQ area and outdoor playing spaces. The multi-family apartment complex of Bayshore contains four buildings, housing apartments with 1-3 bedrooms.The amenities include a playground for kids, a multi-purpose room, a facilitated gym and a swimming pool. The price for a 2-bedroom unit starts at AED 1,000,000 (USD 272,500). Harbour Views 2, a 51-storeyed building in Dubai Creek Harbour, hosts 2 and 3-bedroom apartments and penthouses.Dubai Creek Harbour has a good market for luxury properties, offering great views over Downtown Dubai and is located close to the iconic Creek Tower. Statistics show that the most popular districts in terms of off-plan property projects among foreign investors in 2020 were Dubai Creek Harbour, EMAAR Beachfront and Port De La Mer. Comprehensive services for Developers in the UAE.
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