Property prices in Karachi have risen notably in the past two years but trail behind gains in gold and the stock market. Gold prices leapt from Rs219,700 per tola in early 2024 to a peak of Rs572,862 in 2026, later settling at Rs526,962. Karachi’s KSE-100 Index also soared from 64,661 points in January 2024 to 179,603 in February 2026. Muhammad Shafi Jhakvani, vice president of DEFCLAREA, said residential plot prices in DHA and Clifton climbed 25-50%, while commercial plots surged 25-75%. Apartment prices rose by 10-40%. For instance, three-bedroom apartments in Clifton’s Bath Island and Civil Lines increased from Rs55-60 million to Rs75-80 million. In DHA, a 1,500 sq ft apartment rose from Rs30-32 million to Rs40-45 million. Bungalow prices also went up 10-25%. Rentals typically yield 0.25% monthly or 3-4% yearly but can rise with demand and price hikes. Shafi noted that commercial plots in Clifton and DHA Phase 8 saw high investor activity, pointing to possible record pricing in 2026. Abdul Wahab Parekh, owner of Parekh Estate, reported new 500- and 1,000-yard bungalows being built as ground-plus-one units with luxury features. Prices for 500-yard bungalows now range from Rs100-250 million versus Rs80-160 million two years ago. A 1,000-yard bungalow costs Rs130-450 million compared to Rs110-350 million previously. Flat prices in DHA phases increased to Rs20,000-35,000 per sq ft from Rs15,000-20,000. Commercial plot prices rose sharply in PECHS and areas near Sharea Faisal, ranging Rs1-2 million per square yard depending on location, up from Rs0.7-1.2 million. I.I. Chundrigar Road remains slow with prices around Rs400,000 per sq ft. Industrial investment in Karachi has stagnated for decades, with land being repurposed. Investors are moving to Nooriabad and Jhampir for cheaper options. About 60-70% of land along Super Highway is deemed risky. Mohammad Najeeb of NNAREA said housing prices in North Nazimabad moved modestly, with 240-yard houses stable at Rs55-65 million. Larger bungalows (600-1000 yards) rose to Rs70-200 million. Older flats with fewer amenities cost Rs5-7 million, while new flats with facilities increased to Rs15-35 million. Karachi’s real estate market shows strong growth especially in prime residential and commercial areas, though industrial land faces challenges.