Emaar offers BLVD Crescent in Downtown

Emaar Properties, a Dubai-based developer, is launching BLVD Crescent, a twin tower development in Downtown Dubai.

BLVD Crescent has a main tower comprising 39 levels of residential apartments, a second tower of 21 levels and a further level of podium apartments, according to the company website.

The towers will offer views of Burj Khalifa, the Dubai Fountain and the Opera District.

The project is being launched simultaneously in Dubai, Abu Dhabi, Almaty and Shanghai.

Online registration for Dubai and Abu Dhabi opens on March 19 with sales starting on March 22.

Emaar Chairman Mohamed Alabbar told Emirates 24|7 that the company was not going out replicate Downtown Dubai model anywhere in the emirate and ruled out plans to build a tower higher than 828-metre Burj Khalifa.

“Our Downtown is the Downtown. We will never build a tall building like this (Burj Khalifa) so Downtown will always remain the Downtown,” he said.

The developer on Saturday announced plans to list up to 25 per cent of the Emaar Malls Group equity through a secondary offering of shares.

The funds raised through the sale of 25 per cent of the company, estimated to be between Dh8 to Dh9 billion (over $2 to $2.4 billion), will be primarily distributed as dividend to the company’s shareholders.