Crescent Bay, Karachi

{{Infobox building

| name = Crescent Bay

| image = File:Emaar Towers Karachi.jpg

| caption = Crescent Bay as of 2022

| location = Karachi, Pakistan

| coordinates =

| status = Under Construction

| start_date = 2006

| completion_date =

| est_completion = 2050

| opening =

| building_type = Residential
Commercial
Retail

| cost = $2.4 billion

| floor_area =

| architect =

| structural_engineer =

| main_contractor =

| developer = Emaar Properties [https://www.gigagroup.com/ Giga Group of Companies]

| owner =

| management = Hill International

| references = [http://www.emaar.com/pakistan/crescent-bay/construction-progress.aspx Emaar Pakistan - Official website] [https://gigagroup.com/projects/- Giga Group of Companies - Official website]

}}

Crescent Bay is a {{convert|108|acre|m2|sing=on}} under-construction upscale mixed-use oceanfront development in Defence, Karachi, Pakistan consisting of 50 towers. It is a joint venture by EMAAR and Giga Group.{{cite web |last1=Press |first1=Release |title=Blessing: Shaikh Noori visits Crescent Bay |url=https://tribune.com.pk/story/673880/blessing-shaikh-noori-visits-crescent-bay |website=Express Tribune |publisher=Express Tribune |access-date=19 February 2014}} Land reclamation on the project was completed by Mazyood Giga International, a subsidiary of Giga Group, with the help of Halcrow Consultants.

The development features 50 high and mid-rise towers for residential and commercial use, a shopping centre, a five-star beachfront hotel and a tower located in the middle of the project. The development includes approximately 4,000 residential apartments. Begun on May 31, 2006, when completed the development would be the first development with a private beach and also the first based on reclaimed land.{{Cite web|url=http://tribune.com.pk/story/208375/emaar-seeks-more-time-in-crescent-bay-case/|title=Emaar seeks more time in Crescent Bay case - The Express Tribune|date=2011-07-12|website=The Express Tribune|language=en-US|access-date=2016-06-13}}

Even though the development sold out in 2008,{{Cite web|url=http://www.riazhaq.com/2008/02/emaars-crescent-bay-project-sold-out-in.html|title=Haq's Musings: Emaar's Crescent Bay Project Sold Out in Karachi|website=www.riazhaq.com|access-date=2016-06-13}} it faced significant delays, initially due to the liquidity crisis faced by Emaar Properties following the 2008 financial crisis. Later, due to a legal battle with DHA Ltd allegedly for breach of contract.{{Cite web|url=http://tribune.com.pk/story/204627/dha-takes-over-crescent-bay-project-on-the-rocks/|title=DHA takes over: Crescent Bay project on the rocks - The Express Tribune|date=2011-07-07|website=The Express Tribune|language=en-US|access-date=2016-06-13}} The construction resumed in 2015 and is contracted to NESPAK. As of 2022, 38-storey Coral Tower (2 towers), Pearl Tower (3 towers) and Reef Tower (2 Towers) are complete. As of 2022, Residential properties are priced from 300,000$ to 600,000$.{{Cite web|url=http://www.nespak.com.pk/news/newsdetail.asp?id=3364|title=NESPAK :: News Detail|website=www.nespak.com.pk|access-date=2016-06-13|archive-url=https://web.archive.org/web/20160810133609/http://www.nespak.com.pk/news/newsdetail.asp?id=3364|archive-date=2016-08-10|url-status=dead}}{{Cite web|url=https://www.emaar.com/pakistan/crescentbay/construction-progress.aspx|title=EMAAR Pakistan|website=www.emaar.com|access-date=2016-06-13}}