Dolmen City

Dolmen City's site was originally the site of a casino complex,{{Cite web|url=https://www.dawn.com/news/1512023|title=A seller of optimism|last=Alam|first=Kazim|date=2019-10-21|website=dawn.com|language=en|url-status=live|archive-url=https://web.archive.org/web/20191021072021/https://www.dawn.com/news/1512023 |archive-date=2019-10-21 |access-date=2020-04-18|quote=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.}} which was closed in 1978 during the dictatorship of General Zia-ul-Haq before it was formally opened.{{Cite web|author=Qutubuddin|author2=Issue date April 28, 1978|author3=Updated March 15, 2015|url=https://www.indiatoday.in/magazine/cover-story/story/19780315-general-zia-ul-haq-closes-down-pakistans-first-ever-casino-818683-2015-04-21|title=General Zia-ul-Haq closes down Pakistan's first-ever casino|website=India Today|date=21 April 2015 |language=en|access-date=2020-04-18}} 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.{{Cite web|url=https://tribune.com.pk/story/900159/foot-in-the-boom-small-time-investors-look-to-own-dolmen-city/|title=Foot in the boom: Small-time investors look to own Dolmen City|last=Tribune.com.pk|date=2015-06-09|website=The Express Tribune|language=en|access-date=2020-04-18}} Since June 2015, the companies have listed some of their shares as part of the Dolmen City REIT on the Pakistan Stock Exchange.{{Cite web|url=https://tribune.com.pk/story/1105164/real-estate-investment-trust-arif-habib-group-holding-back-new-schemes/|title=Real Estate Investment Trust: Arif Habib Group holding back new schemes|last=Tribune.com.pk|date=2016-05-17|website=The Express Tribune|language=en|access-date=2020-04-18}}

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,{{Cite news|url=https://www.reuters.com/article/us-pakistan-extortion-idUSBRE9601E420130701|title=Pakistan's commercial hub faces growing extortion menace|date=2013-07-01|work=Reuters|access-date=2020-04-18|language=en}} while the Harbour Front Tower and Executive Towers were completed in 2019.

Towers A and B are {{cvt|150|m}} in height, 40 floors each,{{Cite web|url=https://www.emporis.com/buildings/249062/dolmen-city-office-tower-b-karachi-pakistan|archive-url=https://web.archive.org/web/20210731111402/https://www.emporis.com/buildings/249062/dolmen-city-office-tower-b-karachi-pakistan|url-status=usurped|archive-date=July 31, 2021|title=Dolmen City Office Tower B, Karachi |website=Emporis|access-date=2020-04-18}} and are made of concrete.{{Cite web|url=https://www.skyscrapercenter.com/building/dolmen-city-tower-a/4074|title=Dolmen City Tower A - The Skyscraper Center|website=www.skyscrapercenter.com|access-date=2020-04-18}} They were designed by architect Arshad Shahid Abdulla. Both house corporate offices.{{Cite web|url=https://www.dolmengroup.com/our-projects/hotel-sky-tower/|title=Hotel & Sky Tower {{!}} Dolmen Group|website=www.dolmengroup.com|access-date=2020-04-18}}

Executive Tower is a 17-floor corporate office building,{{Cite web|url=https://www.emporis.com/buildings/1243015/the-executive-tower-karachi-pakistan|title=The Executive Tower, Karachi |website=Emporis|access-date=2020-04-18}}{{dead link|date=August 2024|bot=medic}}{{cbignore|bot=medic}} and is home to co-working space company Regus.{{Cite web|url=https://www.regus.pk/offices/pakistan/province-of-sindh/karachi/office-space/karachi-dolmen-mall-clifton|title=Regus Pakistan|last=|first=|date=|website=Regus Pakistan|access-date=}} Harbour Front is an office building with 19 floors, and houses some multinational corporations such as Mitsubishi and Procter & Gamble.{{Cite web|url=https://www.arifhabibdolmenreit.com/dolmencityreit|title=Dolmen City REIT – Arif Habib Dolmen REIT|language=en-GB|access-date=2020-04-18}} The occupancy rate in Harbour Front is 92% as of Q1 2020.{{Cite web|url=https://www.brecorder.com/2020/01/21/563453/dolmen-city-reit-slowing-consumerism/|title=Dolmen City REIT- slowing consumerism?|last=Research|first=B. R.|date=2020-01-21|website=Business Recorder|language=en-US|access-date=2020-04-18}}

{{main|Dolmen Malls}}

Dolmen Mall is a 3-level shopping mall built in 2011 with an area of {{cvt|600,000|sqft}}, of which {{cvt|547,924|sqft}} are leasable. It has 130 stores, including several international brands.{{Cite web|url=https://dolmenmalls.com/directory.php|title=Directory|last=|first=|date=|website=Dolmen Mall|url-status=live|archive-url=https://web.archive.org/web/20160204064140/http://www.dolmenmalls.com:80/directory.php? |archive-date=2016-02-04 |access-date=}} 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.

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.{{Cite web|last=Research|first=B. R.|date=2020-01-21|title=Dolmen City REIT- slowing consumerism?|url=http://www.brecorder.com/news/563453|access-date=2020-09-27|website=Brecorder|language=en}}

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|Dolmen Mall at Dolmen City

File:Clifton Beach, Karachi - Pakistan.jpg|Dolmen City pictured in 2019 under construction, with the under-construction Bahria Icon Tower 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

• List of tallest buildings in Pakistan
• List of tallest buildings in Karachi

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• {{official|http://www.dolmengroup.com}}

{{Tallest buildings in Pakistan |state=autocollapse}}

Category:Towers in Karachi

Category:Skyscrapers in Karachi

Category:Office buildings in Karachi

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Category:Companies listed on the Pakistan Stock Exchange

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