IMARAT Real Estate Secures REIT, Plans UAE Expansion for Two-Way Investments

IMARAT Group of Companies in Pakistan has recently made a significant move in the real estate industry by securing a Real Estate Investment Trust (REIT) license from the Securities and Exchange Commission of Pakistan (SECP). This achievement is expected to boost investor confidence and pave the way for increased investments in IMARAT’s projects.

With a strong track record of completing and delivering five successful projects in Pakistan, including residential and retail developments, IMARAT is now eyeing expansion in the UAE. The company’s subsidiary, Graana.com, has already established a presence in the UAE and is now looking to further tap into the market there.

The company’s Chairman, Shafiq Akbar, highlighted the potential for two-way investments between Pakistan and the UAE following the REIT license approval. The aim is to attract significant investments from the UAE into Pakistan’s real estate sector, which is expected to stimulate economic growth and create employment opportunities.

IMARAT’s portfolio includes international hotel chains affiliated with Marriott, luxury apartment complexes, and innovative developments that are redefining Pakistan’s real estate landscape. The company’s focus on hospitality and experiential living, as well as its commitment to sustainable environments, is set to contribute to Pakistan’s tourism and hospitality sectors.

Additionally, IMARAT’s upcoming investor roadshow aims to unite leading investors and unlock the massive real estate potential in both Pakistan and the UAE. The company anticipates Dh4 billion in investments from the UAE, which will not only bolster the real estate market but also stimulate affiliated sectors and enhance bilateral trade activities.

Overall, IMARAT’s expansion into the UAE and its innovative real estate projects are expected to have a significant impact on both countries’ economies and further strengthen the bond between them.