Emaar, Dubai Holding launch development at Dubai Creek Harbour
Dubai Creek Residence to be launched on November 1
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Emaar Properties and Dubai Holding have launched the first residential development in the Dubai Creek Harbour at The Lagoons, part of the Mohammed bin Rashid City project.
The 40-storey Dubai Creek Residences will be officially launched on a first-come-first-serve basis on November 1 in Dubai, Abu Dhabi, London and Moscow, the developers said. It is part of a six-tower cluster within the Island district of Dubai Creek Harbour at The Lagoons.
“It’s wonderful that it’s really taken us back to where we belong, just on the edge of the creek,” said Mohamed Alabbar, Chairman of Emaar Properties, commenting on the historic importance of the Dubai Creek for the emirate.
“I think it’s going to be a tremendous evolution of what the city is going to be all about. This is really not a 2015 project, a 2016 project. This is a long-term project,” Alabbar said.
“Dubai Holding and Emaar Properties are sharing their synergies and building on their core competencies to create another iconic project that will be the pride of the city. With the Dubai Creek Residences…we are bringing a lifestyle choice that is unprecedented in the city,” said Ahmed Bin Byat, CEO of Dubai Holding.
Phase one of the 6-million sq. m Dubai Creek Harbour project is currently under construction, and is expected to take about thirty months to complete, Alabbar said.
In line with the city’s penchant for record-breaking, the community will also include the Dubai Twin Towers, a mixed-use development billed to be the tallest twin towers in the world.
Buildings will not be the sole focus of the project, however. The Dubai Creek Harbour, which is minutes away from the Ras Al Khor Bird Sanctuary, aims to incorporate sustainability and focus on preserving nature.
The development will include green spaces and use energy-efficient building materials and technology in efforts to be environmentally friendly, Alabbar said.
“The local authorities have new rules and regulation when it comes to sustainability and the requirements. And it’s fabulous, we welcome it,” he added.
When asked whether Emaar has other similar developments in the pipeline for the future, the executive told Big Project ME that the developer currently faces a “bandwidth issue” due to the scale of its ongoing projects.
“This [project] is six million square metres. And we’ve got about the same in Dubailand. We have Dubai World Central. So we’ve got a lot in the kitchen going on. So I would try to be realistic to say that our bandwidth now is full,” Alabbar said.
