Dolmen City REIT

A Listed, Rated, Closed-end, Perpetual, Shariah-compliant, Rental REIT scheme

Key Facts

Fund Size

PKR 22,237 million


Dolmen Mall Clifton
The Harbor Front


Leasable Area

Dolmen Mall Clifton
The Harbor Front

549,112 sq. ft
257,162 sq. ft
806,274 sq. ft

NAV (March 2023)

Rs. 29.06 per unit

Dividend Yield

Quarter Ended (Mar. 2023)
Annualized (2023)


Unit Price (Current on PSX)


Market Capitalization




NTN: 4360482-0     |     Symbol: DCR     |     Listed on PSX

Management Details


Central Depository Company of Pakistan

Property Manager

Dolmen Real Estate Management (Private) Limited

Property Valuer

MYK Associates Private Limited


KPMG Taseer Hadi & Co.

Legal Counsellor

Mohsin Tayebaly and Co. Corporate Legal Consultants

Shariah Advisor

Alhamd Shariah Advisory Services (Private) Limited

Share Registrar

CDC Share Registrar Services Limited
CDC House, 99-B, Block “B” S.M.C.H.S. Main Shahrah-e-Faisal, Karachi.

Rating Agency 

VIS Credit Rating Company Limited

Property Documents

Offering Document


Trust Deed


Business Plan


Fact Sheet


Valuation Report



Dolmen Mall Clifton is a mixed-use complex situated on the waterfront at the intersection of Defence and Clifton’s exclusive residential districts 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 Dolmen Mall, a three-level shopping mall offering premium retail space over an area of 600,000 sq ft (56,000 m2). The total development area is 3,441,340 sq ft (319,711 m2).

Dolmen Mall Clifton has revolutionized the retail industry in Pakistan. The mall brings together the best in food, fashion and leisure. With over 130 retail outlets, a hypermarket and a food court that can accommodate 1,200 customers. Dolmen Mall Clifton is Pakistan’s first international standard shopping mall, offering a wide selection of domestic and international brands such as Mango, Carrefour, Khaadi, Sapphire, Nike, Diesel, Aldo, Charles & Keith. It offers shoppers exclusive access to the world’s most popular retail brands and restaurants, attracting customers from all over the country.

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. The occupancy rate of the mall is 98.3% as of Q1 2020.

Tower A and B are 150 m (490 ft) in height, 40 floors each, designed by architect Arshad Shahid Abdulla. Both towers offer office space, while Tower B will also host a hotel on its ten top floors. Executive Tower is a 17-floor office building. Harbour Front is an office building with 19 floors and houses some multinational corporations such as Mitsubishi and Procter & Gamble.

Services and Facilities 


Award winning food court, it is also the first choice for leading food brands to open restaurants.

Driver’s Waiting Area

Tell your driver to sit in the airconditioned waiting lounge in our basement parking, while you shop without worry.

Wheelchair Booking

Dolmen Malls’ design &  services make navigation around the mall, convenient, hassle free & inclusive for differently-abled customers.

Mother’s Room

On each floor, we have a female restroom, equipped with a mother’s room, with space to cater to your child’s needs.

Valet Parking

Valet parking services can be availed from both the main entrances of the mall.

Parking Lots

Offers 1900 parking spaces & 4 parking spots for hassle free parking.

Senior Citizen Parking

Offers designated parking spots for easy access to the mall, for our senior citizen customers.

Prayer Room

Separate prayer rooms for men & women on every floor, with designated areas for ablution.

Information Desk

Get assistance and guidance from our trained customer service staff, located on our ground floor, open during mall hours.

Money Exchanger

For the convenience of foreigners & locals who want to get their money changed safely & securely.


Dolmen Clifton offers 11 ATMs across 3 floors, divided on every floor for your convenience at all times.

First Aid Room

First aid room in collaboration with AKU, available for emergency on the first floor.

Waterless- Carwash

Powered by Wash-Pakistan, waterless car care is available at basement level 1 & 2.

Branded Shops

Home to the current, market-leading local & international brands to offer a wide variety to our customers.

Global Workstyle

  • Fiber-optic backbone wiring to facilitate inter-floor communications
  • Raised flooring to facilitate cabling and changes in office configurations
  • Central control center to manage air-conditioning, fire alarm, lift and lighting systems
  • Emergency power supply
  • 24-hour air-conditioning for tenants’ data centers
  • Dial in command system for tenants
  • Video conferencing facilities
  • Security lift
  • Over 500 spaces make for easy and convenient parking.