We have to be careful not to harm our brand in any way.Ī: For most people, the Dolmen brand is synonymous with malls and retail. However, if we are involved at the development stage and the concept and location are good, we would look at it. But it has to be the right project we would not look at a project that is not working. Whether the market is ready for this yet or not, we will have to see, but at our end we need to have this kind of management concept – and if the opportunity arises and we get the right sort of external project to manage, we may look into expanding there. We believe this concept will be required in the long-term as more shopping centres come up, the challenge will be how to maintain and enhance the value of the property. You need the right kind of operational control, maintenance, customer service and security. We have been working on this since 2012 and we are now at the stage where it has become a strong, standalone entity, capable of looking after projects we don’t operate.įN: Our focus is especially on shopping malls where you have to maintain the environment, otherwise sales are affected. We are still developing our management capabilities as the scope is very big people don’t realise how important management is, especially when it comes to malls and office blocks where a lot of the value of the property is derived from how well it is managed and maintained. Eventually, we may consider managing external projects, working with developers who want to develop but are not equipped to manage a building. One part of the company develops new projects and the other manages it. We have an entertainment wing which looks at outdoor and indoor entertainment under the name of Sindbad’s Wonderland and a management wing. Today, the Group has a development wing which looks at new projects and these include shopping malls, office towers and residential apartments. Of course, over time, the model changed.įN: We went into rentals rather than sales. Dolmen Mall Hyderi was built in 2008 and Dolmen Mall Clifton in 2011. After that, we built another one on Tariq Road in 2000, which we partially sold. We started with Dolmen Centre on Tariq Road, which we built in 1991 and we then sold it a few years later. From there, we moved on to building shopping centres. Eventually, we moved on to building and selling property – initially, residential projects.įN: Yes – the concept was the same build apartments, sell, buy more land and so on. However, it is a question of doing things correctly."ĪURORA: What is the Dolmen Group’s story?įAISAL NADEEM: The Dolmen Group was established in 1984 as a real estate land bank basically buying and selling land. "We want to be a national brand we have the expertise and the capability."As professionalism developed in retail, the environment changed and it became an attractive industry, not only for investors, but also for people to work in."."We have 200 odd people whose businesses depend on how well we do – this is what makes this a dynamic business and the driving force behind the Dolmen brand.".If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business. BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment.
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