A villa in Tilal Al Ghaf Project Records Record Sales of US$ 25 million - Crystal Lagoons
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A villa in Tilal Al Ghaf Project Records Record Sales of US$ 25 million

An ultra-luxury home, located on the edge of a lagoon powered by Crystal Lagoons® technology at Tilal Al Ghaf project was sold for almost US$ 25 million, setting a new record price for one of its residential units. 

It is a mansion with eight bedrooms, almost 3,000 square meters and located on “Lanai Island” with direct access to the lagoon. “Lanai Island is one of two private islands in Tilal Al Ghaf, located along the 1.2-kilometer lagoon with Crystal Lagoons® technology and offering 13 mansions,” said Nikita Kuznetsov, CEO of Metropolitan Premium Properties (MPP).

Since its launch, the Tilal Al Ghaf project has broken several records. In fact, sales of the third phase of the development recorded unprecedented demand, selling 322 homes in just 48 hours, building on the emphatic success of the first and second phases that sold out within seven days.

Tilal Al Ghaf features retail services, a world-renowned college, tree-lined walkways, 18 km of biking and jogging trails and a range of nature-inspired outdoor amenities. However, the main amenity is its white sandy beaches and a 7-hectare crystalline lagoon powered by pioneering Crystal Lagoons® technology, known as the world’s top amenity.

The resort is developed in partnership with one of the Middle East and North Africa’s leading real estate holding companies, Majid Al Futtaim, which operates in 13 countries in the region. The lagoon will be the centerpiece of the 4,000-unit residential development.

Tilal Al Ghaf joins two other record-breaking projects being developed by Crystal Lagoons in Dubai. The main complex is Distric One, in the heart of the city’s downtown area, and it will feature the world’s largest man-made lagoon, covering 40 hectares. The Riviera project, meanwhile, is centered on a 13-hectare turquoise lagoon and will be surrounded by 71 buildings, 16,000 residential units, restaurants and exclusive retail spaces.

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PAL™ projects of Crystal Lagoons expand into Israel

Technology and improving the quality of life through innovation are the concepts that Crystal Lagoons and Israel share. In this country, one of the most innovative in the world, the multinational company founded by scientist Fernando Fischmann has entered with a new agreement to develop Public Access Lagoons™, also known as PAL™ projects, real estate, and mixed-use complexes.

The WOOOW! Entertainment projects, developed with the international real estate holding ECIPSA Group, will be located in different cities throughout the country. The developments will give Israeli city-dwellers access to an idyllic beach life all year round, irrespective of their particular climate, and will include a large crystalline lagoon suitable for swimming and water sports, with white sandy beaches. Also, they could include hotels, residential areas, gastronomic poles, retail, and beach clubs, among others.

Israel and Crystal Lagoons also share a commitment to sustainability and water protection, and the technology of the multinational has won several international awards for its sustainability. A vital feature of these lagoons is that they can use any type of water, including seawater and brackish water from arid areas, with no alternative use. This combination of factors paved the way for the debut of Crystal Lagoons in Israel, a country that has pioneered water protection.

The centerpiece of the PAL™ real estate and mixed-use projects will be a lagoon powered by Crystal Lagoons® technology, and, in the case of those with public access, any person will be able to access through the entrance fee.

“The fact that one of the world’s leading countries in innovation and water sustainability is welcoming Crystal Lagoons is a tremendous endorsement of our technology,” said Francisco Matte, regional director for Crystal Lagoons.

The company’s sustainable technology has been crucial to its success in developed countries. The lagoons only need filling once, operate with a closed-circuit system, can use any type of water (sea, brackish and fresh), and use 40% less water than a green area. Additionally, they use up to 100 times fewer chemicals than a swimming pool and only 2% of the energy of a conventional filtration system, certified by Bureau Veritas.

PAL™ developments have caught the attention of significant market players worldwide, with high-profile contracts signed in: the United States, Japan, Saudi Arabia, India, Korea, Palestine, Pakistan, Europe, and Colombia, among others.

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Crystalline Lagoon opens in the Costa del Lago project

Crystal Lagoons is making steady progress in Paraguay, a strategic market in Latin America where it has consolidated its success with projects in regions with great development potential and where the crystalline lagoons are the preferred amenity. Recently inaugurated crystalline lagoon in the Costa del Lago project, bringing beach life to Hernandarias, located a few minutes from Ciudad del Este.

Costa del Lago is Crystal Lagoons‘ fourth project in association with Raíces Real Estate, in addition to the Aqua Village (San Bernardino) and Blue Lagoon (Pedro Juan Caballero) developments, and a fourth complex, Aqua Terra (Luque), which will open its doors in the coming months.

Costa del Lago stands out for its sheer size, which expands over 740 acres, and its huge 8,6 -acre turquoise crystalline lagoon developed with Crystal Lagoons® sustainable technology. “The amenity invites you to connect with nature and create moments of relaxation,” the Paraguayan press notes.

The various neighborhoods offer single-family lots, houses, apartments, and enjoyment of its inhabitants, along with a clubhouse with all the amenities to celebrate special occasions and an environment of indescribable natural beauty. The complex also has sports areas and a marina with access to Lake Itaipu exclusively for water activities with motor equipment.

Crystal Lagoons® technology is changing the lives of millions of Paraguayans by bringing a piece of the ocean to the cities and creating urban beach life, just as 200 years ago, an architect in England brought a piece of the forest to the city of London and urban parks were created.

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Crystal Lagoons Expands Middle East Success

Crystal Lagoons enters the largest country in the Middle East, Saudi Arabia, with a new mega deal to develop real estate, hospitality, and Public Access Lagoons™, also called PAL™, projects. The development plan consists of several luxury complexes located in coastal and inland cities such as Riyadh and Jeddah, Dammam, Medina, and Khobar.

The multinational innovation company, founded by scientist Fernando Fischmann, has partnered with A’amal Group, a major holding company interested in investment, hospitality, real estate & energy development across the Middle East, Asia, and Africa. The company’s Founder & CEO, Yassin Al Suroor, is also the Founder & CEO of DANA Investment, which specializes in the digital economy. He is a board member of several regional and international companies and global nonprofit organizations.

With the new partnership with A’amal Group, Crystal Lagoons, has consolidated its presence in the Middle East, where it already has ongoing projects in the UAE, Egypt, Israel, Palestine, and Oman. The world’s two largest crystalline lagoons are located in the Middle East: District One in Dubai (30 hectares) and Citystars Sharm El Sheikh in Egypt (12.8 hectares).

“I am very pleased to announce this strategic alliance between A’amal Group and Crystal Lagoons and the potential that it holds for Saudi Arabia. We believe this partnership follows our vision for the future and are confident that working in synergy will lead to developing unique destinations throughout the country.” Said Yassin Al Suroor, President & CEO of A’amal Group

At the center of these PAL™ developments are large crystalline lagoons suitable for swimming and water sports, surrounded by white sandy beaches open to the public for a fee. The complexes also have commercial areas, restaurants, weddings, hotels, concert venues, terraces, amphitheaters, etc.

“Closing a strategic partnership like this for 10 PAL™ projects in Saudi Arabia is a milestone that validates our uniqueness and adds value as a brand. It also shows that the Crystal Lagoons® concept and technology can bring idyllic beaches anywhere in the world, even to the middle of the desert, and create unique tourism opportunities,” said Alastair Sinclair, Regional Director of Crystal Lagoons.

Crystal Lagoons experienced record global expansion in 2022 with its PAL™ projects. The company entered over 15 new markets and closed mega business deals in countries including Japan, Australia, India, Israel, and Palestine.

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