Crystal Lagoons’ Technology Turns Dubai Project into UAE’s Most Expensive M²6 January, 2016 / News
Crystal Lagoons’ disruptive technology helps real estate developers break new sales records and now its Mohammed Bin Rashid Al Maktoum development in Dubai is currently selling the Emirate’s most expensive residential units thanks to its 40-hectare mega crystalline lagoon designed by the multinational company.
According to Gulf News, the leading English language daily for the Middle East, prices for the development’s ultra luxurious villas start at US$7.500 per square meter and the residential units can easily fetch up to US$12 million each, a new price record for the important Dubai real estate market.
This mega-project is being developed by Crystal Lagoons in partnership with a joint venture composed by Meydan Group – Dubai’s government real estate arm, linked to the local monarchy – and Sobha, India’s most important real estate company.
The development will have a 40-hectare mega crystalline lagoon, which will be awarded with Crystal Lagoons’ third Guinness World Record. The mega lagoon, that will be the world’s largest, will spread over seven kilometers and will be surrounded by white sand beaches, a 14 kilometer boardwalk and exuberantly green landscapes that will look just like a true oasis.
“The Middle East and Northern Africa represent a huge opportunity for Crystal Lagoons at a time of tourist infrastructure investment growth. Our novel technology generates a comparative advantage that’s so powerful that its revolutionizing the tourism and real estate regional market, as it has already done in every single market where the company has been present”, said Carlos Salas, Crystal Lagoons’ Regional Director for the Middle East. Today, the multinational company has more than 40 projects in different development stages in the Middle East, in countries such as Dubai, the United Arab Emirates, Oman, Jordan, Saudi Arabia, among others.
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 crystal clear lagoons at very low costs.