Crescent Bay is a 108-acre (440,000 m2) under-construction upscale mixed-use oceanfront development in Defence, Karachi, Pakistan.
It is considered as one of the biggest projects in Pakistan.
The development feature's a series of high and mid-rise towers for residential and commercial use, a shopping centre, a five-star beachfront hotel and a tower located in the heart of the project.
The development includes approximately 4,000 residential apartments.
Launched on May 31, 2006, when completed the development would be the first development with a private beach and also the first constructed on a reclaimed land.
Even-though the development sold out in 2008, this project has faced significant delay's, initially due to the liquidity crisis faced by Emaar Properties following the 2008 financial crisis.
Later, due to a legal battle with Defence Housing Authority, allegedly for the breach of contract.
The construction resumed in mid-2015 and is contracted to NESPAK.
In 2018, two buildings of CORAL Tower is completed and are about to be handed over later this year while construction of Pearl Tower (3 towers) and Reef Tower (2 Towers) are progressing rapidly.