Dolmen City REIT: Pioneering Real Estate Investment in Pakistan
Dolmen City REIT stands as a landmark in Pakistan’s financial landscape, being the country’s first listed, perpetual, Shariah-compliant rental Real Estate Investment Trust (REIT). Managed by Arif Habib Dolmen REIT Management Limited, this REIT offers investors a unique opportunity to partake in high-quality real estate assets without the complexities of direct property ownership.
Key Highlights
- Fund Size: PKR 22.2 billion
- Occupancy Rates: Dolmen Mall Clifton at 98.14%, The Harbour Front at 97.20%
- Leasable Area: Total of 806,274 sq. ft.
- NAV: Rs. 29.06 per unit (as of March 2023)
- Dividend Yield: Annualized at 18.00% (as of March 2023)
- Market Capitalization: Approximately Rs. 61.6 billion
- Credit Rating: AAA(rr) by VIS Credit Rating Company Limited
Prime Real Estate Assets
Dolmen Mall Clifton: A premier shopping destination in Karachi, featuring over 130 retail outlets, a hypermarket, and a spacious food court accommodating 1,200 customers. The mall offers a blend of local and international brands, making it a hub for shoppers nationwide.
The Harbour Front: An iconic office tower housing multinational corporations, offering state-of-the-art facilities and panoramic views of the Arabian Sea.
Management Excellence
Arif Habib Dolmen REIT Management Limited, a joint venture between Arif Habib Group and Dolmen Group, brings together financial acumen and real estate expertise. Their collaborative approach ensures meticulous property management and strategic growth.
Investment Benefits
- Regular Income: Investors receive dividends derived from rental income.
- Capital Appreciation: Potential for property value growth over time.
- Liquidity: Units are traded on the Pakistan Stock Exchange under the symbol DCR.
- Shariah Compliance: Adheres to Islamic investment principles, broadening its appeal.
Understanding REITs in Pakistan
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. In Pakistan, REITs are regulated by the Securities and Exchange Commission of Pakistan (SECP), providing a structured and transparent investment avenue. For a comprehensive guide on REITs, visit our What is a REIT – Real Estate Investment Trust page.
Explore More
For detailed information on Dolmen City REIT and other investment opportunities, visit Property Trader.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
