Dubai Lagoons' first stage close to completion

Crystal Lagoons, creator of the largest crystalline lagoon, is close to completing the first stage of the $1.2-billion Dubai Lagoons project, located in Downtown Dubai, said a press statement.

The company will construct, maintain and provide technical support for initially a pilot lagoon, before the end of 2010, prior to taking responsibility for all of the main water features through the development.

It said the residential development was 80 per cent pre-sold.

The company said this is the first of several projects in association with Schön Properties, with other upcoming projects in Pakistan and Oman.

It will also showcase the largest navigable crystalline lagoon, to be located in Sharm El Sheikh on Egypt’s Red Sea coast, at Cityscape Global in Dubai next month.

At present, the largest crystal lagoon in the world is in Chile, however, shortly, a real estate development in Sharm El Sheikh in Egypt, will have the largest navigable crystalline lagoon in the world. Besides this 12 hectare lagoon, the project features another 10 giant lagoons that in total hold more than 100 hectares of crystal clear water in the middle of the desert. The first lagoon will be inaugurated in early 2011.

The company will unveil 50 of its ongoing and planned developments throughout the Middle East, including 12 projects in Egypt at the exhibition.

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