Fernando Fischmann

Crystal Lagoons District One Listed Most Expensive Residential Deal

7 February, 2020 / News

Crystal Lagoons®, the multinational water innovation company known worldwide for its monumental pristine, turquoise lagoons, is set to set a series of world records. On this occasion the crystalline lagoon located in the Mohammed Bin Rashid City – District One, an ultra-luxurious real estate project in Dubai, will be anchored by a 100-acre Crystal Lagoons amenity when finished. This is set to Crystal Lagoons’ third world record. However, without having even been completed, it has recently been named by the media outlet, Arabian Business, as the most expensive real estate property sold in Dubai in 2019.

The real estate property, a 7-bedroom villa, was sold for US $24.5 million (AED 90 million). As well as the unique, ultra-luxurious finishings, the owners will be able to enjoy the developments one of a kind water amenity which is seven kilometers long and is surrounded by white sand beaches as well as hiking and biking trails. The surroundings include lush green landscaping, giving the feel of being in a true oasis.

The development, which is anchored by Crystal Lagoons amenity, will be powered by the multinational’s state-of-the-art technology which has been patented around the globe, making it the only firm capable of creating these breath-taking lagoons. It will be surrounded by corporate towers, industrial parks, sport facilities, a public part larger than London’s Hyde Park, water parks, the “Meydan Mall” –the world’s largest–, over 100 hotels and 1,500 new super luxury residential condominiums, with housing prices from US$ 7 million and US$ 12 million.

The project is a joint venture uniting Crystal Lagoons, the Meydan Group and Sobha, India’s most important real estate and construction firm.

Crystal Lagoons is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size clear water lagoons at very low costs.

Arabian Business


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