Details

Globe Residency REIT (GRR) is South Asia’s first listed developmental REIT and has been listed on the Pakistan Stock Exchange since 28 December 2022. It is managed by Arif Habib Dolmen REIT Management Limited, with Arif Habib Development and Engineering Consultant (Private) Limited as the Development Advisor. GRR’s project in Naya Nazimabad comprises 1,639 apartments across nine towers on approximately 40,500 square yards. Against an indicative project size of PKR 28 billion, cumulative sales consideration reached PKR 19.37 billion as at 30 June 2026.

Meezan Bank Limited (MBL) has entered a Musharakah Agreement with GRR for the development of three towers in FL-05 (Towers 2, 3 and 4), comprising 537 two-bedroom apartments with drawing/dining. Of these three Musharakah towers, Tower 2 was fully launched in October 2025, along with a limited release in Tower 4, drawing strong market demand, with over 80% of the released inventory booked shortly after launch.

Prospectus

Globe Residency REIT

Key Facts

Registration Date

December 24, 2021 (Listed at PSX on Dec 28, 2022)

Maturity

4 years

Initial Investors

Javedan Corporation Ltd.

Indicative Project Size

PKR 20 Billion

Fund Size

PKR 2.8 Billion

Indicative IRR

35%

Dividend Payout

Year

Dividend in PKR

Dividend in %

FY2026

40.00%

FY2025

3.5

35.00%

FY2024

1.75

17.50%

FY2023

30.00%

Property Documents

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GRR-Trust Deed

PDF

Globe Residency REIT_Offer for Sale Document

PDF

Wellness Experience

Restaurants

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

Coffee

Slip out for a coffee and croissant at one of our several cafes.

Fitness

Gymkhana offers state of the art recreational & sporting facilities that allow you to rejuvenate your mind & body.

Sports

We offer a tennis court, badminton court, table tennis, swimming pool, indoor games, snooker table, billiard room & much more.

Medical Center

Ali Habib Medical Center is a non-profit health center with trained consultants & specialists to cater to the medical needs of the community.

Garden

Wander through the gardens at Hong Kong Park with tranquil ponds and a spectacular aviary.

Wedding Hall

Beautifully designed wedding hall to accommodate events hosted by the residents of our community.

Mosque

Jamia Masjid & Mohalla Masjid are reflections of modern Islamic architecture that are a symbol of spiritual landmarks promoting unity & brotherhood.

A Mark of Pride!

Naya Nazimabad is a city especially envisioned keeping the progressive middle class in mind; built up on the idea of providing lifestyle along the lines of peaceful community living. It is the inception of a thought that a house should be a home of serenity, respite and repose and we surly will make it happen at Naya Nazimabad. Therefore, we call it a Mark of Pride