Posted 11.14.14 @ 19:15
Looks like we will have a new record for the world’s tallest twin towers soon! Earlier this month, a new announcement from Dubai’s premium real estate developers graced the headlines of several websites; and no wonder. Emaar Properties and Dubai Holding came up with the idea of building a pair of skyscrapers to break the world record as a part of their joint-venture on a 1,482 acres site which will be named Dubai Creek Harbour.
A Look into Dubai Creek Harbour
Dubai Holding’s and Emaar Properties’ new pet project will be thrice the area of Emaar’s present Downtown Dubai development when it is finished. Dubai Creek Harbour will be situated nearby the famed Ras Al Khor and will be the home of 6 other main structures aside from the twin towers. The whole project will have an approximately 39,000 residential units, countless retail stores and some luxury hotels.
According from Emaar’s statement which was released recently, Dubai Creek Harbour will be one of the world’s truly global cities. The project is planned on an open site and will follow the contours of the creek but is designed to be a city-like enclave on its own.
Dubai Holding’s CEO Ahmad Bin Byat says that the resulting urban community will be pedestrian- friendly and will the city’s pride, especially since it comes with state of the art healthcare centres and top schools. This is seconded by Emaar’s chairman Mohamed Alabbar at the master plan’s presentation. According from him, the residences they are building will provide residents with a luxurious, modern, living environment whilst taking them to the very source of Dubai’s history through the structure’s plan.
Construction Updates of the Twin Towers
As of today, it is still not clear how much the construction for the twin towers will cost and when will it start. The developers have also kept mum about how tall the towers will be - just teasingly giving details that they will surely surpass Malaysia’s Petronas Towers in Kuala Lumpur. This means that the twin towers of Dubai Creek Harbour will be higher than Petronas’ 1,483 feet height. Once completed, the world’s top 3 tallest buildings will all be in Dubai, as the JW Marriot Marquis Dubai is second tallest at 1,165 feet and Emirates Towers’ twin towers coming in third tallest in the world at 1,165 and 1,014 feet respectively.
The developers have not disclosed the architects for the project, but have already released their layout and design concepts to entice buyers for their November 1 opening of the pre-sale units which was announced in Abu Dhabi, Dubai, London, and Moscow earlier this month. The residential tower will have 900 to 2,150 square feet units with options for 1-3 bedrooms in its 40-stories of deluxe condominiums.
It is normal to feel uneasy about investing in a property at such a development especially with the developers not fully disclosing the full project details. After all, there are several instances of projects not taking off due to financial constraints. Such projects include the Dubai City Tower, Zaha Hadid’s Opera House, and Nakheel Tower. The developers for Dubai Creek Harbour and its twin towers are rock solid though. Just a few weeks ago, Emaar reported $678 million net operating profit for the first 9 months of 2014. This shows a 37% of growth from last year’s $493 million for the same period.
Got a sudden fever for condominium living at a community which has everything at your fingertips? The units at Dubai Creek Harbour will still take a few years to completion but Oakville has some of the best real estate and condominiums ready for you right now! Contact us and we will help you find a home in Oakville. Whether you want a stunning penthouse, a condominium overlooking the harbor, or a sprawling estate, we have a lot of choices for you!