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 Emaar Transport Chunk Of Dubai To Pakistan

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Join date : 2010-10-25

PostSubject: Emaar Transport Chunk Of Dubai To Pakistan   Fri Nov 12, 2010 5:52 am

A splash of Dubai's skyscraper and landscaped seaside paradise stand a good chance of making a big impact in Pakistan with the announcement that Emaar, one of the largest UAE property developers is due to invest $18 billion U.S in a new development.

The master-plan features a number of residential, hotel and office communities set around a series of landscaped hemispherical shaped bays, the headlands of which are each topped by a skyscraper in a development called Crescent Bay in the Pakistani city of Karachi, looking as if it has been ripped straight out of Dubai.

The 75 acre scheme will contain 4000 new apartments, mostly in towers to satisfy some of the ever growing demand from Pakistan's burgeoning middle classes. There will also be office towers, a new shopping mall and the customary five star beach-front hotel. Head of Emaar Pakistan, Mohammed Al Falasi, has also announced that at least 20% of the total plot will be used as green space.

Pakistan has shown itself to be an increasingly attractive destination for money from the UAE, not only is it a rapidly developing country but it already has close links with the middle east and most importantly of all, property developers can get a great bang for their buck. At the centre of all this activity is the fact that Karachi is the business capital of the country sitting it firmly in the centre of the construction whirlwind whilst the geographical location makes it a perfect maritime hub for passing trade from landlocked Asian states.

With the nascent India next door and much larger amount of coastlines, it's a high-risk strategy to look here, though if they can pull it off developers making great rewards and no more so than those from the UAE who have invested more in both Pakistan and Karachi than any other nationality.

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