Press Announces Advanced PAL™ Negotiations in Morocco

07/01/2021

Medias24, a reputed business and finance media outlet in Morocco, has reported on Crystal Lagoons expansion in the region, announcing that the multinational innovation firm is currently in advanced negotiations in the country. The following is an extract from the interview with Francisco Matte, Regional Director for Crystal Lagoons.

Has Crystal Lagoons previously built man-made lagoons in Morocco?

Crystal Lagoons is in advanced conversations with investment funds, family offices and large real estate developers to finalize a master agreement to develop the new Crystal Lagoons® revolution, the Public Access Lagoons™ projects, also known as PAL™.

Master agreements involve a relevant number of PAL for different geographical territories. In Morocco, cities such as Marrakech, Casablanca, Rabat, Tangier, Fez and Saidia are some of the locations that we have identified where these projects could be developed.

Public Access Lagoons projects are the new corporate development by Crystal Lagoons that, after revolutionizing the real estate sector for 10 years, is now revolutionizing cities with PAL projects.

These are monumental crystalline lagoons suitable for swimming and water sports, surrounded by beaches, which can be accessed via ticketed-entry. Additionally, thanks to a new technology created by Crystal Lagoons, the bathing areas are maintained at 28°C, at a low cost and in a sustainable way, offering optimal conditions throughout the year, similar to tropical seas. This ensures the lagoons can be used for longer periods of time.

Also, as these projects are built, they generate a financial pyramid. With a low initial investment, a company can achieve a very high present value.

Additionally, we are negotiating various master agreements for PAL projects, in Botswana, South Africa, Ghana, Kenya, Nigeria, Angola and Egypt.

Where does Crystal Lagoons currently have projects in Africa?

In Africa, Crystal Lagoons totals 29 real estate projects anchored by crystalline lagoons. This includes projects in different stages of development.

The most important market is Egypt, with 22 projects in different stages. In fact, the largest crystalline lagoon in the world (12.5 hectares) is in the Egyptian resort of Sharm El Sheikh. Swan Lake North Coast 2 was recently inaugurated and in the coming months Bo Island, Fouka Bay, Azha and Porto Golf.

The second most important market is South Africa. There the partnership with real estate developers, Balwin Properties, has been one of the most fruitful business alliances in the country with five real estate projects in different stages. The most recent is Munyaka, an ultra-luxurious complex, close to Johannesburg, has been praised by the President of the Republic for its infrastructure and urban contribution. Renowned for its commercial performance, with 555 units sold at the launch of the project. The same trend has been registered in other real estate developments anchored by lagoons by Crystal Lagoons, including The Blyde in Pretoria, with record daily sales benefiting Balwin Properties’ global results.

Medias24.com

Latest News

Alcazaba Lagoon in Spain Highlighted by the Global Press for Revolutionizing Entertainment on the Costa del Sol

28-08-2024

Alcazaba Lagoon, an iconic Crystal Lagoons project in Spain, has received widespread acclaim from international media for transforming the entertainment landscape of Costa del Sol, one of the world’s most renowned tourist destinations.

This monumental 3.5-acre crystalline lagoon, developed with Crystal Lagoons® technology suitable for swimming and water sports, marked the company’s debut in Spain and Europe and redefined the leisure concept.

The crystalline lagoon, surrounded by 450 luxury apartments, offers a perfect setting for families to enjoy various activities and water sports, such as swimming, kayaking, paddleboarding, sailing, windsurfing, and kitesurfing. Located on a 74-acre site in Casares, near the major tourist areas of Estepona and Marbella, Alcazaba Lagoon is designed with European tourists in mind. Its design blends Mediterranean and contemporary styles, allowing residents to enjoy an idyllic private beach just from their homes.

In addition to Alcazaba Lagoon, Crystal Lagoons has other outstanding projects in Spain, such as the award-winning Santa Rosalía Lake and Life Resort.

Alcazaba Lagoon in Spain Highlighted by the Global Press for Revolutionizing Entertainment on the Costa del Sol

28-08-2024

27-08-2024

Time Out, the renowned entertainment and tourism guide, once again highlighted a Crystal Lagoons project focusing on Tilal Al Ghaf in Dubai. This development has been recognized as the city’s most innovative project and the next trendy neighborhood. Its monumental crystalline lagoon with Crystal Lagoons® technology emerged as the main attraction, offering residents a unique tropical beach experience apart from traditional family communities in Dubai.

The crystalline lagoon, suitable for swimming and water sports, is surrounded by white sandy beaches. This oasis of turquoise waters allows you to enjoy the idyllic beach life all year round and various water activities, including swimming, stand-up paddling, boating, paddleboarding, kayaking, and wakeboarding.

Since its launch, Tilal Al Ghaf has set multiple records and generated unprecedented demand. The project has led in sales and values per square meter in the United Arab Emirates. For instance, the third phase of the development sold 322 homes in just 48 hours, following the overwhelming success of the initial stages, which sold out in seven days.

Tilal Al Ghaf offers a wide range of services, including retail, a prestigious global school, tree-lined trails, and 18 km of cycling and jogging paths. It also features a variety of outdoor amenities inspired by nature.

The development is in association with Majid Al Futtaim, one of the leading Middle East and North African real estate holdings, with operations in 13 countries.

Crystal Lagoons® technology has brought substantial urban and economic benefits to Dubai, with projects such as Mohammed Bin Rashid City – District One serving as outstanding examples of its impact.

Time Out Highlights Crystal Lagoons’ Tilal Al Ghaf Project as Dubai’s Most Innovative Development

27-08-2024

22-08-2024

Imagine experiencing pristine beaches right in the heart of the city. With Crystal Lagoons, this vision becomes a reality, offering Atlanta a transformative business opportunity.

What is Crystal Lagoons?

Crystal Lagoons is a multinational company that has developed and patented an innovative technology that allows building and maintaining unlimited-size turquoise lagoons at low cost. These pristine waters, framed by white sand beaches and palm trees, provide a perfect escape for swimming, water sports, and leisure—all within a safe, controlled environment.

As Atlanta continues to grow, the demand for unique urban spaces becomes increasingly critical. Crystal Lagoons presents a business model perfectly aligned with Atlanta’s ambitions to elevate quality of life, stimulate economic growth, and champion sustainability.

Public Access Lagoons® projects, also known as PAL® developments, offer year-round beach life and entertainment through ticketed access, turning a lagoon into a highly profitable venture. These developments bring the allure of a tropical beach experience right to residents’ doorsteps, seamlessly blending natural beauty with urban convenience. Here’s why Atlanta stands to gain from embracing PAL® projects:

1. Enhancing Urban Recreation

Meeting Demand: Atlanta’s booming population is driving the need for high-quality recreational spaces. PAL® projects offer a unique alternative to parks or indoor options, featuring expansive crystalline lagoons that can be enjoyed all year round.

Diverse Activities: From swimming and kayaking to beach sports, these lagoons anchor vibrant activities. They also serve as hubs for dining, retail, concerts, and events, creating a dynamic social environment that appeals to all ages.

Beach Life in the City: PAL® projects redefine urban living by bringing the beach to Atlanta. Now, residents can enjoy a beach day without ever leaving the city, transforming their lifestyle and making the city more appealing and vibrant.

2. Boosting Economic Development

Attracting Tourism: PAL® projects are proven tourist magnets globally. In Atlanta, they could elevate the city’s appeal as a destination, driving foot traffic, boosting local businesses, and fueling economic growth.

Increasing Property Values: Proximity to a PAL® complex significantly enhances property values. This boosts real estate demand and attracts investments in residential and commercial developments, stimulating the local economy.

3. Promoting Environmental Sustainability

Eco-Friendly Technology: Crystal Lagoons® technology is designed with sustainability at its core. These lagoons use a low-energy filtration system, minimizing water and energy consumption—perfectly aligning with Atlanta’s sustainability goals.

Bureau Veritas, an internationally renowned certification and verification company, externally verified our technology’s efficient water and energy use compared to traditional swimming pools and other amenities. For example, a lagoon of 1 ha / 2.5 ac uses up to 50X less energy than a swimming pool of the same size. 40% less water than a park the same size, and 33X less water than an 18-hole golf course.

Green Integration: PAL® projects harmonize with green spaces and urban landscapes, enhancing Atlanta’s urban fabric with visually stunning and environmentally friendly spaces that support biodiversity and improve air quality.

4. Enhancing Community Well-Being

Elevating Quality of Life: Well-maintained recreational spaces are crucial for community well-being. PAL® projects provide a safe, enjoyable environment for relaxation, social interaction, and physical activity, contributing to the overall happiness and health of Atlanta’s residents.

Fostering Connections: PAL® projects become vibrant community hubs, hosting social events and cultural activities that strengthen community bonds and foster a sense of belonging.

5. Driving Innovation and City Branding

Positioning Atlanta as a Leader: By implementing PAL® projects, Atlanta can position itself as a forward-thinking city that embraces innovation. This can attract industry leaders, investors, and media attention, further enhancing the city’s reputation.

Boosting Brand Appeal: PAL® projects can be a cornerstone of Atlanta’s branding strategy, showcasing the city’s commitment to enriching residents’ lives through unique, world-class amenities. This reinforces Atlanta’s identity as a vibrant and dynamic urban center.

Through PAL® projects, Crystal Lagoons offers Atlanta an extraordinary business opportunity. These projects enhance recreation and drive economic growth, promote sustainability, and improve community well-being. By adopting this innovative concept, Atlanta can tackle key urban challenges, draw visitors, and lead in modern urban development.

Success Stories

Central District Lagoon Park in Bucharest, Romania:

The recent launch of this Public Access Lagoons® project in Bucharest was a massive success. Weekend lines exceeded two hours for those without online tickets. On a single Sunday, the park welcomed over 800 visitors, showcasing its widespread appeal even in cooler climates.

Epperson, Wesley Chapel, Florida, U.S.:

Epperson, a master-planned community near Tampa Bay, is home to the first Public Access Lagoons® project in the U.S. This 7.36-acre lagoon offers residents and visitors a taste of the Caribbean, with a white sandy beach, swim-up bar, water slide, and more. Its success has transformed the area, significantly boosting property values and attracting a steady stream of visitors.

Ready to make Atlanta an urban paradise?

Why Atlanta needs PAL® Projects

22-08-2024