The Aquatic Mall is going to become the first ever Marine themed shopping mall in Pakistan. In the line with Centaurs Mall, World Trade Center & Giga Mall, the Aquatic Mall Islamabad will be a new tremendous addition. It particularly envisaged to set a new bar of standard & innovation for upcoming builders.
Al Bari Group of Companies in collaboration with Green Earth Real Estate & BizVenture Marketing has come up with this unique idea. Also, Aquatic Mall is all set to become world’s tallest aquarium shopping mall. Furthermore, a wave of excitement has already seen among the residents of twin cities for this mall due to its exclusive & exceptional features. Thus, huge footfall is expected. Moreover, it is going to be a novel entry in business & shopping hubs of Islamabad & Rawalpindi.
FLOOR PLAN
The Aquatic Mall Islamabad emerges with a new concept of running lucrative businesses and also having recreational activities side by side. Floor plan of the Aquatic Mall is comprised of a Shopping Mall, Food Court, Business Center, Underwater Restaurant, Kids Area, Water Park, Stylish Apartments, Cinema, Sky-walk & Infinity Pool all under one roof.
Besides extraordinary features of the Aquatic Mall which allures every person, there is an aquarium starting from lower ground to 3rd floor. The total size of this aquarium is markedly 1 kanal (50×90). It will be placed horizontally in the middle of the mall.
The architecture includes, 2 basement floors which are solely reserved for car parking. It will conveniently accommodate 210 cars per parking floor. First five floors including lower ground (LG), ground (G), upper ground (UG), 1st & 2nd floor are reserved for a modern shopping mall. It will feature top international & domestic brands to make it a shopper’s paradise. Next two floors, 3rd & 4th floor is reserved for food court & kids play areas respectively.
Afterwards, Business Center will occupy 5th & 6th floor. On 7th & 8th floor, single-bed, double-bed & family sized stylish apartments facing lawn & a beautiful balcony will be presented. Moreover, the Luxury Aquatic Suites will occupy the top most floors. Also, it will contain a pool & helipad on the rooftop of The Aquatic Mall Islamabad.
LOCATION
The Aquatic Mall Islamabad is located right opposite to the Giga Mall in DHA Islamabad Phase-2. Due to prime location of The Aquatic Mall, it is conveniently accessible from Islamabad Expressway. Easiest route is via G.T. Road & alongside of the main entrance of Zaraj Housing Scheme. The Aquatic Mall certainly has an ideal location with easy access from the twin cities.
AMENITIES
The Aquatic Mall is present in limelight these days. One of the main reason behind its fame is surely the provision of the exceptional and unique amenities. It offers matchless blend of several exclusive features & services. Thus, some of these are mentioned below:
- Underwater Tunnel
- Marine-Themed Restaurant
- Deluxe Suites
- Centralized Aquarium
- Shopping Complex
- Play Land
- Indoor Water Park
- Food Court
- Apartments with lawn
- Sky Walk
- World-Class Aquarium
- Business Centers
- Infinity Pool
- Helipad
- Water Zoo
DEVELOPER
Al-Bari Group of companies is indeed a company committed to adapt to the needs of an ever altering world. Al Bari group of companies claims that they are here to initiate a change while introduce Pakistan’s market to the various neglected opportunities. A comparatively new market entrant in the Real Estate of Pakistan. However, it is one that builds its career on creativity & ingenuity.
NOC
The LOP (layout plan) has been cancelled by CDA more details can be viewed here published by The News as of 02-02-2019 . First thing to remember, without a layout plan they cannot proceed to apply for a NOC. Thus, after speaking to their sales representatives they have claimed, however, the firm is registered in SECP & has a NOC issued from NHA.
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PRICE PLAN
Aquatic Mall is providing shops, offices, suites & apartments on 4 years installment plan. Booking begins from 25% down payment. In addition, remaining amount can be paid in easy 16 quarterly installments. The rates of shops, offices & apartment vary according to area & floor.
Al-Bari Group is offering rent to those interested in paying a lum sum amount. If you purchase in full their will be a proper rental agreement, for 48 months, in case there is a delay in construction or due to any other reason the company will be liable to continuously pay you the rent. Aquatic Mall Prices are very economical given the location and rent per square foot.
Client can opt to buy out at anytime however keep in mind if you buy out before the 1st year your capital amount will be returned to you. In case if you are looking for Capital Appreciation you will need to wait for over a year. For example if you purchase a shop that is for Rs 72,50,000 and wish to cash out within 1 year of purchasing it Aquatic Mall will reimburse you Rs 72,50,000 within a week, however if you hold the above mentioned property for over a year Aquatic Mall will pay you the then market value for your investment. The company will offer rent according to your unit size & floor.
Aquatic Mall Payment Plan is offered below:
| Floor | Size Sq ft | Rate/Sq ft | Total Price | Down payment 25% | 4 Year Installment (16) | Rent/Sq ft | Monthly Rent |
| Lower Ground | 250 | 29,000 | 7,250,000 | 1,812,500 | 388,393.00 | 165 | 41,250 |
| 400 | 29,000 | 11,600 | 2,900,000 | 621,429 | 165 | 66,000 | |
| 700 | 29,000 | 20,300,000 | 5,075,000 | 1,087,500.00 | 165 | 115,500 | |
| Ground Floor | 300 | 50,000 | 15,000,000 | 3,750,000 | 803,571.00 | 220 | 66,000 |
| 500 | 50,000 | 25,000,000 | 6,250,000 | 1,339,286.00 | 220 | 110,000 | |
| 1000 | 50,000 | 50,000,000 | 12,500,000 | 2,678,571.00 | 220 | 220,000 | |
| Mezzanine Floor | 350 | 33,000 | 11,550,000 | 2,887,500 | 618,750.00 | 175 | 61,250 |
| 480 | 33,000 | 15,840,000 | 3,960,000 | 848,571.00 | 175 | 84,000 | |
| 700 | 33,000 | 23,100,000 | 5,775,000 | 1,237,500.00 | 175 | 122,500 | |
| 1st Floor (Shops) | 240 | 27,000 | 6,480,000 | 1,620,000 | 347,143 | 140 | 33,600 |
| 350 | 27,000 | 9,450,000 | 2,362,500 | 506,250.00 | 140 | 49,000 | |
| 600 | 27,000 | 16,200,000 | 4,050,000 | 867,857.00 | 140 | 84,000 | |
| 2nd Floor (Shops) | 214 | 26,000 | 6,240,000 | 1,560,000 | 334,286.00 | 140 | 33,600 |
| 320 | 26,000 | 8,320,000 | 2,080,000 | 445,714 | 140 | 44,800 | |
| 480 | 26,000 | 12,480,000 | 3,120,000 | 668,571 | 140 | 67,200 | |
| 3rd Floor(Food Court) | 500 | 35,000 | 17,500,000 | 4,375,000 | 937,500.00 | 120 | 60,000 |
| 1000 | 35,000 | 35,000,000 | 8,750,000 | 1,875,000 | 120 | 120,000 | |
| 2627 | 35,000 | 91,945,000 | 22,986,250 | 4,925,625.00 | 120 | 315,240 | |
| 4th Floor (Kids Area) | 450 | 15,000 | 6,750,000 | 1,687,500 | 361,607 | – | – |
| 700 | 15,000 | 10,500,000 | 2,625,000 | 562,500 | – | – | |
| 1000 | 15,000 | 15,000,000 | 3,750,000 | 803,571 | – | – | |
| 5th floor (office) | 300 | 9,500 | 2,850,000 | 712,500 | 152,679 | 75 | 22,500 |
| 450 | 9,500 | 4,275,000 | 1,068,750 | 229,018 | 75 | 33,750 | |
| 600 | 9,500 | 5,700,000 | 1,425,000 | 305,357 | 75 | 45,000 | |
| 6th Floor (office) | 300 | 9,500 | 2,850,000 | 712,500 | 152,679 | 75 | 22,500 |
| 450 | 9,500 | 4,275,000 | 1,068,750 | 229,018 | 75 | 33,750 | |
| 600 | 9,500 | 5,700,000 | 1,425,000 | 305,357 | 75 | 45,000 | |
| 7th floor (Apartments) | 400 | 8,500 | 3,400,000 | 850,000 | 182,143 | – | – |
| Single bed | 800 | 8,500 | 9,800,000 | 1,700,000 | 364,286 | – | – |
| Single bed + Lawn & Sky view | 1200 | 8,500 | 10,200,000 | 2,550,000 | 546,429 | – | – |
| Two Bed + Lawn & Sky view | 1800 | 8,500 | 15,300,000 | 3,825,000 | 819,643 | – | – |
| 8th Floor (Apartments) | 400 | 8,500 | 3,400,000 | 850,000 | 182,143 | – | – |
| Single bed | 800 | 8,500 | 6,800,000 | 1,700,000 | 364,286 | – | – |
| Single bed + Lawn & Sky view | 1200 | 8,500 | 10,200,000 | 2,550,000 | 546,429 | – | – |
| Two Bed + Lawn & Sky view | 1800 | 8,500 | 15,300,000 | 3,825,000 | 819,643 | – | – |
| 9th Floor (Suite) | 222 | 13,000 | 2,886,000 | 721,500 | 154,607 | 100 | 22,200 |
| 350 | 13,000 | 4,550,000 | 1,137,500 | 243,750 | 100 | 35,000 | |
| 700 | 13,000 | 9,100,000 | 2,275,000 | 487,500 | 100 | 70,000 |
Please Note: Kids Area (4th Floor) Is Not For Sale, Also Suites on 9th Floor sized at 222 Sq ft are sold out.
DEVELOPMENT STATUS
Development work is being carry out certainly at a smooth pace. The work on the site announced to start on January 2018. However, construction began on August of 2018. Presently, on March 13,2019, digging is done and pilling is underway. Further, it is announced to be a 4 year project plan and is to be delivered by 2022.
Booking Procedure
Aquatic Mall offers unique experience to its visitors and residents. Moreover, you can simply book a unit of your choice.
AMMANAT EXPERT OPINION
In terms of investment, it is particularly quite a great option especially if you opting for Capital Appreciation or if you are looking to add passive income to your portfolio. The theme of the mall is by far the most attractive part any mall has to offer in the twin cities. In addition, if they are able to create a marine theme horizontally across the mall, this mall would take to new heights.
Two things that you must keep in mind. Firstly, the developer is a fairly new entrant in the market. Secondly, knowing CDA and how they have dealt with E-11, what or how they will pursue Zone 5 Islamabad in future is in fact a mystery. Therefore, it is the only reason why this project does not have a better score. Also, to be noted the overall time the developers are taking for construction is quite laborious as well.
Overall Aquatic Mall has a great location along with generous rental returns & given the location capital appreciation would be quite healthy as well. Hence, we would rank it 6/10. Thus, if you are planning to get good returns, this is good option.
