The capital city is wholeheartedly embracing the real estate investment shift from plots to high-rises. The same is reflected from Zameen.com’s data, according to which, the demand for apartments in Islamabad increased by 150% during 2018-2020. This makes now the perfect time for the 14-storey-tall architectural masterpiece Zameen Ace Mall to rise and leave its mark on the urban landscape of one of the most beautiful metropolises in the world.
A joint venture of Zameen Developments, ACE Group, and MIH Group—Zameen Ace Mall is a game-changing project, which is going to take the concept of mixed-use development in Pakistan to a whole new level. The project’s fast-paced development and rewarding investment prospects have drawn the attention of both local and overseas investors.
Once completed, Zameen Ace Mall will become one of the most exquisite retail and leisure destinations in Islamabad. Not to mention, the project also enjoys a stellar location, in the heart of DHA Phase II; in Sector J which faces Islamabad Expressway. This very location, which is the city’s poshest neighbourhood, holds great scope as it is effortlessly connected to Islamabad Expressway and, via this route, to all housing societies located on this important avenue.
So, if you want to diversify your portfolio as a real estate investor, Zameen Ace Mall is the right project for you. Boasting high-end features and a spectacular facade, it’s an outstanding development in every aspect, which may also let you enjoy all the key benefits of investing in a shopping mall. The structure of the project is taking shape fast. Like, really fast. So, in this post, we are going to give you all the exclusive development updates on Zameen Ace Mall you won’t find anywhere else.
The Latest and Most Exclusive Construction Updates on Zameen Ace Mall Are Here!
Construction of a large-scale, skyscraper-like Zameen Ace Mall requires a strong foundation that goes dozens of feet deep into the ground. It can be a very daunting task, which needs to be handled super carefully.
Well, the project is in safe hands, thanks, in part, to highly skillful engineers and construction experts, who are constantly monitoring the progress of development work. They are making sure that the megastructure is being put together following the most intelligent construction practices as per the international standards.
As of the first week of March 2021, work is rapidly progressing at Zameen Ace Mall’s site with the help of heavy construction equipment including dumpers, excavators, and pile drivers etc. Now, let’s take a closer look at the three major tasks that are currently underway along with the latest pictures from the project’s actual site.
Relocation of Storm Water Drain Is Almost Complete
The greater the project, the bigger the challenges. Laying the foundations of Zameen Ace Mall was a herculean task as a storm water drain ran through the project’s site. However, with the constant efforts of the on-ground construction crew, the storm water drain is finally being shifted to a more appropriate location.
Keeping in view the governing geotechnical conditions, reinforced cement concrete (RCC) drain has been designed to re-route the storm water and also secure the soil in the immediate vicinity of the drain. The total length of the drain is 600 feet, at the time of writing; construction of the storm drain is 85% complete. The remaining 35% of the works is expected to be completed within the next three weeks.
Piling Work is in Full Swing
Along with the relocation of the storm water drain, the piling works are also in progress. Being among the most important stages of high-rise construction, piling works are crucial for safely laying foundations deep below the surface level.
At the moment, 35% of piling works have been completed. Due to the fact that this work requires solid, ready sides, the process will speed up once construction work on the drain is completed. Currently, only one pile driver is being used at the site but once the work on the relocation of the drain is completed and the site is fully secured, another pile driver will be installed. This will double the number of bores done in a day to expedite piling work. Freshly excavated land is challenging for construction as it is unstable and has a tendency to collapse due to the absence of lateral counter-pressure and exposure to moisture makes the condition worse. However, if not hampered by the aforementioned challenges, the piling works are expected to be completed within the next three months or even sooner.
Excavation Work in Progress
Zameen Ace Mall falls in the jurisdiction of the Potohar region, which is essentially known for its uneven terrain. This makes the excavation work even more challenging. The project site varies in terms of height and depth against the road level across its entire span. Varying a few feet from point to point, on average a 60 feet deep excavation is required to lay the solid, earthquake-resistant foundation of Zameen Ace Mall.
Many excavators are working day and night on the project’s site in multiple phases to get done with debris removal and the excavation process as quickly as possible. The positioning of these machines changes from time to time, based on how piling is being executed and the construction of stormwater drain, which is almost complete. At the moment, about 10.5% of excavation work has been completed. Once the construction of the storm drain is complete, the pace of excavation work will increase immensely, allowing our engineers and laborers to get ready to take Zameen Ace Mall ground up.
The fast-paced development paired with solid investment prospects has considerably raised the demand for property units in Zameen Ace Mall, which are already selling out fast. So, take a detailed look at what the project has in store for investors and how fruitful it can be for you to invest in Zameen Ace Mall—one of the country’s most highly-anticipated mixed-use developments.
Zameen Ace Mall—A Real Estate Investment Opportunity Promising Best Value for Money with Maximum Profits
There are plenty of reasons that make Zameen Ace Mall worth investing in. We’ll start with the local real estate trends and property market facts that are based on the user data fetched from Zameen.com—Pakistan’s largest and most trusted property search portal.
To make the data easier to understand for our readers, we’ll take the period of the past three years (from 2018 till 2020) into consideration to shed light on the local property market trends. Seeing a jump of a whopping 111%, the demand for properties in Islamabad has literally skyrocketed during the aforementioned period.
Furthermore, if we specifically talk about the search trends for apartments and commercial properties in the capital city, they have gone up by 150% and 65%, respectively, which is an unignorable jump in every aspect.
The market is ripe even for commercial investors in the city. For instance, if you are about to own a retail outlet in Islamabad, you may be in luck. The average price of shops in the capital city has witnessed an increase of 39% per sq. ft. between 2018 and 2020, whereas the annual rental yield of commercial outlets in Islamabad has been recorded at 7.5%. With everything in place to give a boost to vertical development trends, the expected numbers are even more tempting.
Keeping in view, the continuous surge in demand and rates of real estate in the metropolis, the capital gains for a marvelously-planned retail destination like Zameen Ace Mall have been predicted up to 200% within the next 4 years. That’s not all, investing in hotel apartments in this grand multipurpose complex comes with a guaranteed 7% rental yield.
All these factors make investing in Zameen Ace Mall a lucrative opportunity, which is bound to translate into maximum profits. Owing to its striking facade and well-connected location, this up-and-coming retail destination will also experience high foot traffic.
It is worth noting that despite offering state-of-the-art investment options, a brilliant location, and outstandingly rewarding capital gains, property prices in Zameen Ace Mall are highly affordable and come with very attractive payment plans. Need we say more?
The demand for mixed-use developments in Pakistan has reached an all-time high, which means now is the best time to invest in a grand-scale project like Zameen Ace Mall. The project’s inventory is selling out at a rapid pace with only limited units left, so you may need to act fast. And, it won’t be wrong to say that it’s a one-of-a-kind investment opportunity knocking at your door.
Want to make your move right now and reserve a unit in Zameen Ace Mall? Well, it’s easier than you think! Simply fill out the form shown on the top right of your desktop screen or at the bottom of the blog for mobile users and one of Zameen.com’s representatives will get in touch with you ASAP to guide you with the further process.
These were some of the most exclusive updates on Zameen Ace Mall’s development, which is currently at full throttle. If you have any questions related to the progress of this upcoming megastructure in DHA Phase II, Islamabad, reach out to us at blog@zameen.com.
For more informative pieces on noteworthy property projects introduced by Zameen Developments in recent years, stay tuned to Zameen Blog, your trusted source for the best real estate blogs in Pakistan. Subscribe to our email newsletter and never miss out on any of our latest blog updates.
