Renowned developer Emaar Properties is taking an innovative approach to its ambitious project, Dubai Creek Tower. Billionaire founder Mohamed Alabbar recently announced that the centerpiece of Emaar’s latest venture is undergoing a remarkable redesign process, aimed at elevating its grandeur and impact.
Dubai Creek Tower
Initially conceptualized by the visionary Spanish-Swiss architect Santiago Calatrava, Dubai Creek Tower was poised to stand taller than the iconic Burj Khalifa. The tower’s foundations were completed in 2017 within the heart of the dynamic Dubai Creek Harbour development. Despite an initial pause in progress, the project is now set to soar to new heights with a fresh perspective.
Emaar Properties Redesign Creek Tower Dubai
Emaar Properties has embarked on a journey to reimagine Dubai Creek Tower in collaboration with a distinguished international firm, meticulously selected after a comprehensive tender process. Over the next few months, a renewed concept for the tower will take shape, setting the stage for groundbreaking construction that is expected to commence within a year.
Beyond the captivating Dubai Creek Tower endeavor, Emaar Properties is actively exploring novel avenues for expansion across Dubai.
Female Burj Khalifa
Mohammed Alabbar has also announced exciting plans for an upcoming mall in Dubai Creek Harbor. The unique feature of this mall is that it will allow customers to drive through it in electric cars, a first-of-its-kind concept.
Alabbar also revealed that the development will include a beautiful tower, slightly smaller than the Burj Khalifa, called the “Female Burj Khalifa” with construction set to begin soon. The tower is described as elegant, reminiscent of Marilyn Monroe. Alabbar explained the decision to scrap plans for a kilometer-long tower, emphasizing the focus on creating spaces that generate revenue through apartments rather than towering structures. The Dubai Creek Harbor project, sprawling over six million square meters, is poised to become the “new downtown’ in Dubai.”
Emaar Properties Dubai
The company is set to introduce approximately 45 new towers, encompassing a total of 15,000 apartments. The real estate market in the UAE continues to show promising signs of growth, and Emaar is poised to further contribute to this flourishing landscape.
Emaar’s forward-thinking approach is evident as the company’s board outlines comprehensive plans spanning the next 15 to 20 years. These visionary strategies encompass a diverse range of projects, both within the UAE and on the global stage. With a presence in Egypt, India, Turkey, as well as Jordan, Lebanon, Morocco, and Pakistan, Emaar Properties remains committed to shaping distinctive skylines worldwide.
Emaar Properties’ financial prowess continues to shine. Recently, the company announced an impressive 15% increase in first-half profits. Net profit for the six months ending in June surged to Dhs4.9 billion ($1.3 billion), underscoring Emaar’s solid sales performance and unwavering growth trajectory.
Dubai Creek Harbour
Dubai Creek Tower stands as the crown jewel of the expansive Dubai Creek Harbour development, spanning a staggering 6 square kilometers. With an astonishing expanse of 78.5 million square feet dedicated to residential space, the development’s significance surpasses even Downtown Dubai.
Anchored by three bridges, it is set to accommodate around 200,000 residents upon completion, weaving a vibrant community tapestry.
Dubai Holding
In a significant acquisition, Emaar Properties obtained full ownership of Dubai Creek Harbour from Dubai Holding in August of the previous year. Valued at Dhs7.5 billion ($2.04 billion), the transaction was a blend of cash and Emaar Properties’ shares. This pivotal move solidified Dubai Holding’s position as the second-largest shareholder in Emaar.
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Dubai Creek Tower’s transformational journey reflects Emaar Properties’ unwavering commitment to innovation and excellence. As the project undergoes a renaissance, anticipation builds for a structure that promises to transcend architectural boundaries and redefine Dubai’s skyline.
With a renewed vision, Dubai Creek Tower is poised to captivate the world with its awe-inspiring presence, serving as an enduring testament to Emaar’s pioneering spirit in shaping the urban landscape.
FAQs about Dubai Creek Tower
FAQs about Dubai Creek Tower
- What is Dubai Creek Tower?
Dubai Creek Tower is a remarkable architectural project by Emaar Properties set to redefine Dubai’s skyline.
- Is Dubai Creek Tower taller than Burj Khalifa?
Initially planned to be 100 meters taller than the Burj Khalifa, the tower’s design is undergoing a transformation.
- What’s the progress on Dubai Creek Tower?
While its foundations were completed in 2017, the tower is currently being redesigned to enhance its concept.
- What is Emaar Properties’ approach to expansion?
Emaar Properties is actively looking to expand across Dubai, with plans to introduce approximately 45 new towers this year.
- What is the significance of Dubai Creek Harbour?
Dubai Creek Harbour, where the tower is situated, is a sprawling development almost twice the size of Downtown Dubai, set to house around 200,000 residents upon completion.
In conclusion, Dubai Creek Tower stands as a testament to Emaar Properties’ visionary approach, redefining Dubai’s skyline with its iconic and innovative design. As this remarkable project undergoes an exciting transformation, Emaar’s expansion plans across Dubai and its commitment to shaping urban landscapes remain at the forefront.
The journey of Dubai Creek Tower within the expansive Dubai Creek Harbour development encapsulates the essence of architectural excellence, promising a vibrant community and a future that echoes both creativity and progress.
tanvir@dubainewsweek.com
