![]() "Real Estate Investment Trust: Arif Habib Group holding back new schemes". "Foot in the boom: Small-time investors look to own Dolmen City". "General Zia-ul-Haq closes down Pakistan's first-ever casino". ^ Qutubuddin Issue date ApUpdated March 15, 2015.Today, the value of the listed portion of that property is in excess of Rs50bn. Similarly, the old casino complex in Clifton on which Dolmen Mall and Harbour Front now exist was originally purchased for only Rs100m. ^ a b "Dolmen Mall Clifton | Dolmen Group".The occupancy rate in Harbour Front is 92% as of Q1 2020. Harbour Front is an office building with 19 floors, and houses some multinational corporations such as Mitsubishi and Procter & Gamble. Įxecutive Tower is a 17-floor corporate office building, and is home to co-working space company Regus. Both house corporate offices, while Tower B will also host a hotel on its ten top floors. They were designed by architect Arshad Shahid Abdulla. Towers A and B are 150 m (490 ft) in height, 40 floors each, and are made of concrete. Towers A and B were topped out in 2019, but have not yet been inaugurated. ![]() The site's branch of Dolmen Mall was completed in 2011, while the Harbour Front Tower and Executive Towers were completed in 2019. Ĭonstruction of the Dolmen City complex began in 2005, and was completed in phases. Since June 2015, the companies have listed some of their shares as part of the Dolmen City REIT on the Pakistan Stock Exchange. The complex was owned by the International Complex Project - a venture which was 20%-owned by the Arif Habib Group, and 80% by the Dolmen Group. The site was purchased for 100 million rupees, but was valued at 50 billion rupees by 2019. ĭolmen City's site was originally the site of a casino, which was closed in 1978 during the dictatorship of General Zia-ul-Haq before it was formally opened. The total area of the entire Dolmen City complex is 3,441,340 sq ft (319,711 m 2). At the base of the complex is the Dolmen Mall, a three-level shopping mall built in 2011 with an area of 600,000 sq ft (56,000 m 2), and 130 stores - including several international brands. It is made up of four towers: Tower A, Tower B, Harbour Front, and Executive Tower.
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