IMARAT Group of Companies, renowned in Pakistan’s real estate industry, has reached an important milestone when the Securities and Exchange Commission of Pakistan (SECP) granted a Real Estate Investment Trust (REIT) license. The announcement comes at a time when the real estate market is experiencing challenging conditions, reflecting the UAE’s resilience and strategic vision.
IMARAT, led by Chairman Shafiq Akbar, has a portfolio of 15 projects, including partnerships with international hotel chains and high-end residential complexes. The group has also developed vertical shopping projects such as IMARAT Builders Mall and Amazon Mall, further strengthening the influence of the industry.
Chairman Shafiq Akbar is excited about this new chapter in the company’s growth story: “Getting the REIT license from the SECP is proof of the UAE’s strong fundamentals and strategic approach. This REIT will not only allow us to create more value for our investors, but will also contribute positively to the industry Pakistan’s housing and the larger economy. We are excited about the opportunities it brings and focus on valuing our stakeholders.”
Mr. Akbar expressed his deep gratitude to IMARAT customers whose trust and support put IMARAT at the forefront of the industry. He said the dedication and hard work of the company’s workforce is responsible for the UAE’s global success.
Securing the REIT license is expected to provide a structured and transparent investment platform that will attract domestic and international investors. The streamlined framework will enable investors to diversify their portfolios by channeling investments more effectively into Pakistan’s economy. As the real estate industry evolves and regulatory transparency increases, REITs can play an important role in the growth and development of the industry.
IMARAT invests in technology with property inspection systems, AI-powered urban planning tools and software technology parks, demonstrating its commitment to innovative and sustainable urban development. Strategic focus on hospitality, including international hotel projects, developing the tourism and hospitality industry, increasing demand for construction materials and technology. The company also plans to expand globally, combining hospitality and digital technology to strengthen its investment platform.
Using real estate solutions and technologies, IMARAT REIT leverages its license to strengthen its influence in the real estate industry and provide affordable investment opportunities.
