Arif Habib Dolmen REIT Management Limited (AHDRML) has launched an offer for sale of shares in the Naya Nazimabad Apartments REIT, allowing investors to gain exposure to one of Karachi’s largest residential developments.

According to the offer document, the REIT will be offered through a price band of Rs. 18 to Rs. 23 per unit, with the total issue size expected to range between Rs. 793 million and Rs. 1.01 billion.

The REIT is backed by the Naya Nazimabad Apartments project and enables investors to participate in the residential real estate market through a regulated REIT structure rather than purchasing property directly.

The company has not yet announced the book-building schedule. AHDRML said the dates and additional details of the offering will be disclosed before the book-building process begins.