Dolmen City
ڈولمن سٹی
Dolmen City Towers (Tower B obscured)
General information
TypeShopping mall, corporate offices
LocationKarachi, Pakistan
AddressMarine Promenade - Sea View Road
Clifton, Karachi
Coordinates24°48′07.9″N 67°01′47.7″E / 24.802194°N 67.029917°E / 24.802194; 67.029917
Construction started2005
CompletedDolmen Mall - 2011

Harbour Front - 2019

Towers A and B - 2020
OwnerDolmen Group
Height
Roof150 m (490 ft) (Towers A and B)
Technical details
Floor count40 (Tower A)

40 (Tower B)
19 (Harbour Front)

17 (Executive Tower)
Floor area3,441,340 sq ft (319,711 m2)
Design and construction
Architect(s)Arshad Shahid Abdulla Pvt. Ltd.
Website
www.dolmengroup.com

Dolmen City (ڈولمین سٹی) is a mixed-use complex,[1] 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 m2), and 130 stores - including several international brands.[2] The total area of the entire Dolmen City complex is 3,441,340 sq ft (319,711 m2).[3]

History

Dolmen City's site was originally the site of a casino,[4] which was closed in 1978 during the dictatorship of General Zia-ul-Haq before it was formally opened.[5] The site was purchased for 100 million rupees, but was valued at 50 billion rupees by 2019.[4] 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.[6] Since June 2015, the companies have listed some of their shares as part of the Dolmen City REIT on the Pakistan Stock Exchange.[7]

Construction of the Dolmen City complex began in 2005,[8] and was completed in phases. The site's branch of Dolmen Mall was completed in 2011,[9] while the Harbour Front Tower and Executive Towers were completed in 2019. Towers A and B were topped out in 2019,[8] but have not yet been inaugurated.

Office towers

Towers A and B are 150 m (490 ft) in height, 40 floors each,[10] and are made of concrete.[8] They were designed by architect Arshad Shahid Abdulla.[8] Both house corporate offices, while Tower B will also host a hotel on its ten top floors.[11]

Executive Tower is a 17-floor corporate office building,[12] and is home to co-working space company Regus.[13] Harbour Front is an office building with 19 floors, and houses some multinational corporations such as Mitsubishi and Procter & Gamble.[14] The occupancy rate in Harbour Front is 92% as of Q1 2020.[15]

Dolmen Mall

Dolmen Mall is a 3-level shopping mall built in 2011 with an area of 600,000 sq ft (56,000 m2), of which 547,924 sq ft (50,903.8 m2) are leasable.[14] It has 130 stores, including several international brands.[2][16] There are several Pakistani chains as well, including Khaadi.[16] & Converse. The occupancy rate of the mall is 98.3% as of Q1 2020.[15]

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.[17]

See also

References

  1. ↑ "Dolmen City | Buildings". www.emporis.com. Archived from the original on April 12, 2018. Retrieved 2020-04-18.
  2. 1 2 "Dolmen Mall Clifton | Dolmen Group". www.dolmengroup.com. Retrieved 2020-04-18.
  3. ↑ "Dolmen City | ASA". asa.com.pk. Retrieved 2020-04-18.
  4. 1 2 Alam, Kazim (2019-10-21). "A seller of optimism". dawn.com. Archived from the original on 2019-10-21. Retrieved 2020-04-18. 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.
  5. ↑ Qutubuddin; Issue date April 28, 1978; Updated March 15, 2015. "General Zia-ul-Haq closes down Pakistan's first-ever casino". India Today. Retrieved 2020-04-18.{{cite web}}: CS1 maint: numeric names: authors list (link)
  6. ↑ Tribune.com.pk (2015-06-09). "Foot in the boom: Small-time investors look to own Dolmen City". The Express Tribune. Retrieved 2020-04-18.
  7. ↑ Tribune.com.pk (2016-05-17). "Real Estate Investment Trust: Arif Habib Group holding back new schemes". The Express Tribune. Retrieved 2020-04-18.
  8. 1 2 3 4 "Dolmen City Tower A - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 2020-04-18.
  9. ↑ "Pakistan's commercial hub faces growing extortion menace". Reuters. 2013-07-01. Retrieved 2020-04-18.
  10. ↑ "Dolmen City Office Tower B, Karachi". www.emporis.com. Archived from the original on July 31, 2021. Retrieved 2020-04-18.
  11. ↑ "Hotel & Sky Tower | Dolmen Group". www.dolmengroup.com. Retrieved 2020-04-18.
  12. ↑ "The Executive Tower, Karachi". www.emporis.com. Retrieved 2020-04-18.
  13. ↑ "Regus Pakistan". Regus Pakistan.
  14. 1 2 "Dolmen City REIT – Arif Habib Dolmen REIT". Retrieved 2020-04-18.
  15. 1 2 Research, B. R. (2020-01-21). "Dolmen City REIT- slowing consumerism?". Business Recorder. Retrieved 2020-04-18.
  16. 1 2 "Directory". Dolmen Mall. Archived from the original on 2016-02-04.
  17. ↑ Research, B. R. (2020-01-21). "Dolmen City REIT- slowing consumerism?". Brecorder. Retrieved 2020-09-27.
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