Dolmen City
Towers A and B - 2020
40 (Tower B)
19 (Harbour Front)
Dolmen City is a mixed-use complex, situated on the waterfront of Clifton, in Karachi, Pakistan. It is made up of four towers: Tower A, Tower B, Harbour Front, and Executive Tower. 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), and 130 stores - including several international brands. The total area of the entire Dolmen City complex is 3,441,340 sq ft (319,711 m).
History
Dolmen City's site was originally the site of a casino complex, which was closed in 1978 during the dictatorship of General Zia-ul-Haq before it was formally opened. The site was purchased for 100 million rupees, but the value of the listed portion of that property was in excess of 50 billion rupees in 2019. 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. Since June 2015, the companies have listed some of their shares as part of the Dolmen City REIT on the Pakistan Stock Exchange.
Construction of the Dolmen City complex began in 2005, and was completed in phases. The site's branch of Dolmen Mall was completed in 2011, while the Harbour Front Tower and Executive Towers were completed in 2019.
Office towers
Towers A and B are 150 m (490 ft) in height, 40 floors each, and are made of concrete. They were designed by architect Arshad Shahid Abdulla. Both house corporate offices.
Executive Tower is a 17-floor corporate office building, and is home to co-working space company Regus. Harbour Front is an office building with 19 floors, and houses some multinational corporations such as Mitsubishi and Procter & Gamble. The occupancy rate in Harbour Front is 92% as of Q1 2020.
Dolmen Mall
Dolmen Mall is a 3-level shopping mall built in 2011 with an area of 600,000 sq ft (56,000 m), of which 547,924 sq ft (50,903.8 m) are leasable. It has 130 stores, including several international brands. There are several Pakistani chains as well, including Khaadi. Aldo, Nike & Adidas. The occupancy rate of the mall is 98.3% as of Q1 2020.
Dolmen City REIT
The occupancy rate for Dolmen Mall stood at 98.3 percent in 2020, while those of the Harbour Front Building stood at 92 percent in 2020.
Gallery
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Dolmen seen from the sea -
Dolmen City as seen from Bin Qasim Park -
Dolmen Twin Towers -
Dolmen Twin Towers -
Dolmen Mall at Dolmen City -
Dolmen City pictured in 2019 under construction, with the under-construction Bahria Icon Tower visible to the right -
Harbour Front tower on the left, with the Executive Tower on the right. -
Aerial view of Clifton, with Dolmen City visible along the coast near the Bagh Ibne Qasim park
See also
References
- ^ "Dolmen City | Buildings". Emporis. Archived from the original on 12 April 2018. Retrieved 18 April 2020.
- ^ "Dolmen Mall Clifton | Dolmen Group". www.dolmengroup.com. Retrieved 18 April 2020.
- ^ "Dolmen City | ASA". asa.com.pk. Retrieved 18 April 2020.
- ^ Alam, Kazim (21 October 2019). "A seller of optimism". dawn.com. Archived from the original on 21 October 2019. Retrieved 18 April 2020.
Similarly, the old casino complex in Clifton on which Dolmen Mall and Harbour Front now exist was originally purchased for only Rs100m. Today, the value of the listed portion of that property is in excess of Rs50bn.
- ^ Qutubuddin; Issue date April 28, 1978; Updated March 15, 2015 (21 April 2015). "General Zia-ul-Haq closes down Pakistan's first-ever casino". India Today. Retrieved 18 April 2020.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Tribune.com.pk (9 June 2015). "Foot in the boom: Small-time investors look to own Dolmen City". The Express Tribune. Retrieved 18 April 2020.
- ^ Tribune.com.pk (17 May 2016). "Real Estate Investment Trust: Arif Habib Group holding back new schemes". The Express Tribune. Retrieved 18 April 2020.
- ^ "Dolmen City Tower A - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 18 April 2020.
- ^ "Pakistan's commercial hub faces growing extortion menace". Reuters. 1 July 2013. Retrieved 18 April 2020.
- ^ "Dolmen City Office Tower B, Karachi". Emporis. Archived from the original on 31 July 2021. Retrieved 18 April 2020.
- ^ "Hotel & Sky Tower | Dolmen Group". www.dolmengroup.com. Retrieved 18 April 2020.
- ^ "The Executive Tower, Karachi". Emporis. Retrieved 18 April 2020.
- ^ "Regus Pakistan". Regus Pakistan.
- ^ "Dolmen City REIT – Arif Habib Dolmen REIT". Retrieved 18 April 2020.
- ^ Research, B. R. (21 January 2020). "Dolmen City REIT- slowing consumerism?". Business Recorder. Retrieved 18 April 2020.
- ^ "Directory". Dolmen Mall. Archived from the original on 4 February 2016.
- ^ Research, B. R. (21 January 2020). "Dolmen City REIT- slowing consumerism?". Brecorder. Retrieved 27 September 2020.
External links
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