Dolmen City () is a mixed-use complex, situated on the waterfront of

Clifton Clifton may refer to: People *Clifton (surname) *Clifton (given name) Places Australia * Clifton, Queensland, a town **Shire of Clifton *Clifton, New South Wales, a suburb of Wollongong *Clifton, Western Australia Canada *Clifton, Nova Scotia ...

, in

Karachi, Pakistan Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

. 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 Dolmen Malls are a chain of shopping malls in Karachi, Pakistan, owned and operated by Dolmen Group. Dolmen Group was established in 1984 as a real estate investor. The group is currently a leading real estate group in Pakistan engaged in the deve ...

, a three-level shopping mall built in 2011 with an area of , and 130 stores - including several international brands. The total area of the entire Dolmen City complex is .

History

Dolmen City's site was originally the site of a casino, which was closed in 1978 during the dictatorship of

General Zia-ul-Haq General Muhammad Zia-ul-Haq HI, GCSJ, ร.ม.ภ, (Urdu: ; 12 August 1924 – 17 August 1988) was a Pakistani four-star general and politician who became the sixth President of Pakistan following a coup and declaration of martial law i ...

before it was formally opened. The site was purchased for 100 million

rupees Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, B ...

, but was valued at 50 billion rupees by 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 A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...

on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on 11 ...

. Construction of the Dolmen City complex began in 2005, and was completed in phases. The site's branch of

was completed in 2011, while the Harbour Front Tower and Executive Towers were completed in 2019. Towers A and B were topped out in 2019, but have not yet been inaugurated.

Office towers

Towers A and B are in height, 40 floors each, and are made of concrete. They were designed by architect Arshad Shahid Abdulla. Both house corporate offices, while Tower B will also host a hotel on its ten top floors. Executive Tower is a 17-floor corporate office building, and is home to co-working space company

Regus IWG plc, formerly Regus, is a British holding company.IWG PLC
Bloomberg. Accessed June 2021. It provide ...

. Harbour Front is an office building with 19 floors, and houses some multinational corporations such as

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

and

Procter & Gamble The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer hea ...

. 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 , of which are leasable. It has 130 stores, including several international brands. There are several Pakistani chains as well, including Khaadi. & Converse. 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

File:Dolmen Towers Karachi.jpg, Dolmen seen from the sea File:Dolmen Twin Towers Karachi.jpg, Dolmen City as seen from Bin Qasim Park File:Dolmen Twin Towers.jpg, Dolmen Twin Towers File:Dolmen Twin Towers 2.jpg, Dolmen Twin Towers File:PK Karachi asv2020-02 img56 Dolmen Mall Clifton.jpg,

at Dolmen City File:Clifton Beach, Karachi - Pakistan.jpg, Dolmen City pictured in 2019 under construction, with the under-construction

Bahria Icon Tower Bahria Icon Tower is a recently on-hold skyscraper complex in the seaside municipality of Clifton in Karachi, Pakistan. The complex includes a 62-storey tower, which at , is the tallest building in Pakistan and among the tallest buildings in S ...

visible to the right File:Dolmen City towers.jpg, Harbour Front tower on the left, with the Executive Tower on the right. File:Karachi - Clifton Gizri IMG 8014.jpg, Aerial view of Clifton, with Dolmen City visible along the coast near the Bagh Ibne Qasim park

References

External links

* {{Tallest buildings in Pakistan , state=autocollapse Towers in Karachi Skyscrapers in Karachi Office buildings in Karachi Skyscraper office buildings Companies listed on the Pakistan Stock Exchange