Guide
Apartment for Sale in Gulberg Greens Islamabad: Projects and Price per Sq Ft

By Anza Gulzar
Real Estate Agent
11 min read
This guide covers apartment projects and flat prices in Gulberg Greens, Islamabad. For the wider society overview, see the Gulberg Greens area guide.
Apartment for Sale in Gulberg Greens Islamabad: Projects and Price per Sq Ft
Apartments in Gulberg Greens Islamabad offer an alternative to the society’s larger farmhouse properties, with options ranging from compact studios to spacious two-bedroom units and selected luxury apartments. Prices vary by project, covered area, floor, view, furnishing, construction status and payment terms. Based on the listing snapshot dated 26 October 2026, studio and one-bedroom units start at around PKR 52 lakh, while two-bedroom apartments range from approximately PKR 85 lakh to PKR 3.1 crore. The median asking rate across eight sampled two-bedroom listings is about PKR 14,026 per sq ft.
This guide compares apartment prices by project and bedroom count, explains ready-versus-off-plan purchases, calculates indicative instalments and rental yields, and outlines the documents buyers should verify before booking. Figures are asking prices rather than confirmed transaction values and should be checked against current availability.
1. Where Are Apartments Located in Gulberg Greens?
Gulberg Greens is associated with the Islamabad Expressway corridor and the wider Gulberg Islamabad development. Unlike Gulberg Residencia, which primarily offers conventional residential plots, Gulberg Greens is best known for its farmhouse plots alongside commercial and mixed-use development.
Apartments are concentrated around three broad locations:
- Gulberg Expressway commercial area: Mixed-use buildings with residential apartments, offices and retail space. Access to the Expressway corridor is an important consideration for commuters.
- Business Square: A commercial area with apartment projects and properties that may offer different payment structures. Check the exact building location and access arrangements before booking.
- Selected residential blocks: Some standalone apartment buildings are located within residential parts of the development. Their access, surroundings and available facilities can differ from those of Expressway-facing towers.
Buyers can explore the Gulberg Greens Islamabad area guide for wider location and property context. For apartment searches, compare actual project addresses and travel routes rather than assuming all properties marketed under the Gulberg Greens name have identical accessibility.
2. Apartment Prices per Sq Ft by Project
| Project / listing | Unit details | Size (sq ft) | Asking price | Approx. price per sq ft | Reported status |
|---|---|---|---|---|---|
| MaSha Allah Heights | 2 bed, 8th floor | 1,150 | PKR 1.90 crore | PKR 16,522 | Off-plan; possession stated for end-2028 |
| Karakoram Heights | 2 bed, lake-facing | 2,000 | PKR 3.10 crore | PKR 15,500 | Ready, semi-furnished |
| Diamond Mall & Residency | 2 bed | 887 | PKR 1.37 crore | PKR 15,445 | Ready |
| Diamond Mall & Residency | 2 bed, 4th floor | 887 | PKR 1.25 crore | PKR 14,092 | Ready |
| Icon 2 | 2 bed, 6th floor | About 788 | PKR 1.10 crore | About PKR 13,960 | Ready; reported rented |
| Gulberg Arena Mall | 2 bed, 6th floor | 1,775 | PKR 2.30 crore | PKR 12,958 | Ready |
| Unnamed building | Furnished 2 bed | 1,200 | PKR 1.50 crore | PKR 12,500 | Ready |
| Unnamed building | 2 bed | 722 | PKR 85 lakh | PKR 11,773 | Ready; reported rented |
These are listing-level observations, not independently verified sale transactions. Unit areas and status should be reconfirmed with the seller.
What is the typical two-bedroom rate?
For these eight listings, the two middle values after sorting the per-square-foot rates are PKR 13,960 and PKR 14,092.
Median asking rate = (13,960 + 14,092) ÷ 2 = PKR 14,026 per sq ft.
The lowest sampled rate is approximately PKR 11,773 per sq ft and the highest is PKR 16,522, a difference of PKR 4,749 per sq ft. That spread shows why bedroom count alone is not a reliable comparison. Floor, covered area, view, furnishing, building facilities and possession timeline all matter.
A separate luxury listing for a 3,325 sq ft three-bedroom apartment at PKR 7.5 crore works out to approximately PKR 22,556 per sq ft. Treat it as an outlier rather than a representative market rate because the sample is limited.
For additional project context, see Milkiyat’s pages for MaSha Allah Heights, Gulberg Heights and AJ Towers. Project pages and asking prices can change, so confirm current unit availability directly through the relevant listing.
3. Studio, One-, Two- and Three-Bedroom Price Ranges
The following ranges summarise the supplied listing snapshot. They are indicative, not guaranteed prices for every project.
| Apartment type | Typical size in sample | Indicative asking price | What to compare |
|---|---|---|---|
| Studio / 1 bed | About 512–550 sq ft | PKR 52 lakh–1 crore | Layout, usable area and service charges |
| Compact 2 bed | About 722–887 sq ft | PKR 85 lakh–1.37 crore | Room sizes, ventilation and price per sq ft |
| Larger 2 bed | About 1,150–2,000 sq ft | PKR 1.5–3.1 crore | View, floor, furnishing and facilities |
| 3 bed | About 3,325 sq ft in one luxury listing | PKR 7.5 crore in that listing | Verify comparable units before valuing |
The wide two-bedroom range reflects differences in unit size and project positioning. A smaller apartment may cost less overall but have a higher per-square-foot rate. A larger apartment may offer more space while requiring a much larger initial budget.
4. How Much Could an Apartment Cost on Instalments?
An instalment plan should be assessed using the full unit price, down payment, monthly instalments and any additional scheduled payments.
Consider a hypothetical 900 sq ft two-bedroom apartment priced at the sample median of PKR 14,026 per sq ft:
- Estimated unit price: 900 × PKR 14,026 = PKR 1,26,23,400, or about PKR 1.26 crore.
- Illustrative down payment at 25%: PKR 31,55,850.
- Remaining balance: PKR 94,67,550.
- Monthly payment over 36 months: About PKR 2,62,988.
- Monthly payment over 48 months: About PKR 1,97,241.
This is a mathematical example, not an advertised payment plan for a specific project. Actual plans may include quarterly or half-yearly payments, a possession payment, documentation charges or a higher instalment-based price. Request the complete written schedule and compare its total cost with the cash price before committing.
5. Ready Apartments vs Off-Plan Projects
| Factor | Ready apartment | Off-plan apartment |
|---|---|---|
| Occupancy | May be available for immediate use after transfer and handover | Usually unavailable until the stated possession date |
| Payment | Often lump sum or agreed resale terms | Commonly down payment plus scheduled instalments |
| Rental income | Possible after purchase if the unit is rentable and vacant | Normally unavailable before possession |
| Inspection | Physical condition and facilities can be checked | Buyers rely partly on approved plans, specifications and construction progress |
| Main risks | Defects, dues, title or transfer issues | Delays, specification changes, approval issues and builder performance |
The sampled ready two-bedroom listings range from approximately PKR 11,773 to PKR 15,500 per sq ft. The sampled off-plan MaSha Allah Heights listing is around PKR 16,522 per sq ft, with possession stated for the end of 2028. This small sample does not establish that all ready apartments are cheaper or that all off-plan apartments command a premium.
Choose based on your intended use, payment capacity and tolerance for delivery risk. For an off-plan purchase, verify the project’s approvals, written specifications, construction progress, refund clauses and consequences of delayed possession.
6. Rental Income and Indicative Gross Yield
Rental yield estimates should be based on achievable rent, not just a seller’s projection. The supplied sample includes both reported rents and asking prices; some rent figures are estimates rather than independently confirmed leases.
| Example unit | Indicative monthly rent | Price used | Approx. gross yield |
|---|---|---|---|
| Studio / 1 bed, about 550 sq ft | PKR 47,500 | PKR 76 lakh | 7.5% |
| 1 bed, about 527 sq ft | PKR 48,000 | PKR 1 crore | 5.8% |
| Gulberg Arena Mall, 2 bed | PKR 1 lakh | PKR 2.30 crore | 5.2% |
| Icon 2, 2 bed | PKR 47,500 | PKR 1.10 crore | 5.2% |
Gross rental yield = (Monthly rent × 12 ÷ purchase price) × 100.
For example, PKR 47,500 × 12 = PKR 5,70,000 in annual rent. Dividing that by PKR 1,10,00,000 gives a gross yield of approximately 5.2%.
These calculations exclude vacancy, maintenance, building service charges, furnishing replacement, taxes and management expenses. Actual net returns will be lower when costs apply. For broader rental-market context, read Milkiyat’s Pakistan Rental Market Analysis 2026.
7. Approval and Document Checks Before Booking
Approval of a wider housing scheme does not automatically establish that every apartment building, floor or unit has all required permissions. Verify the exact project and property with the relevant authority and issuing offices.
Before paying a token or booking amount, check:
- Land title: Confirm the landowner or developer’s legal right to develop and sell the unit.
- Approved building plan: Confirm the approved floors, layout, unit count and relevant amendments.
- Project permissions and NOC: Ask which authority issued them and verify their current status independently.
- Unit details: Ensure the agreement states the unit number, floor, area measurement method, price and specifications.
- Completion and occupancy: For a ready building, request applicable completion or occupancy documentation and confirm utilities and handover status.
- Payment and refund terms: Check instalment dates, late-payment penalties, cancellation terms and the consequences of delayed possession.
- Outstanding dues: Obtain written confirmation of service charges, utility balances, transfer fees and other payable amounts.
For wider society-level context, consult the Gulberg Greens buyer’s guide. It should supplement—not replace—verification of the specific apartment building.
8. How to Choose an Apartment in Gulberg Greens
A practical comparison should include more than the advertised price.
- Set a total budget: Include the down payment, instalments, transfer costs, taxes, furnishing and recurring building charges.
- Compare price per sq ft: Use the same area measurement method for every unit.
- Inspect the building: Check lifts, parking, backup power, water supply, maintenance, security and noise levels.
- Assess the commute: Visit at different times of day and test the route to your workplace or regular destinations.
- Check rental evidence: If buying for income, compare actual rented units and achievable rent with the full acquisition cost.
- Review documents before payment: Have unclear agreements and approval records checked by a qualified property professional.
Potential advantages include a range of apartment sizes, access to the Islamabad Expressway corridor and mixed-use projects that combine residential and commercial activity. Considerations include variation in construction quality, uncertain delivery timelines in off-plan schemes, building-specific service charges and the possibility that advertised rents may not be achieved.
Frequently Asked Questions
What is the price of a two-bedroom apartment in Gulberg Greens?
In the 26 October 2026 listing snapshot, sampled two-bedroom asking prices range from about PKR 85 lakh to PKR 3.1 crore. The median asking rate across eight sampled listings is approximately PKR 14,026 per sq ft.
Are studio apartments available in Gulberg Greens?
The supplied market data indicates studio and one-bedroom options starting at around PKR 52 lakh. Confirm current availability, unit size and whether the listing is for a studio or a separate one-bedroom layout.
Is a ready apartment better than an off-plan unit?
Neither is automatically better. A ready unit can be inspected and may generate rent sooner, while an off-plan unit may offer staged payments but carries construction and delivery risks. Compare total cost, documents and your intended use.
Explore Apartments and Related Guides on Milkiyat
Start with the Gulberg Greens Islamabad area guide to explore the wider property market. For project-specific details, compare MaSha Allah Heights, Gulberg Heights and AJ Towers. Confirm the availability, asking price and documentation of each unit before making a decision.
Disclaimer: Milkiyat.com provides property-related information for general informational and research purposes only. Prices, availability, development status, approvals, charges, property details and market conditions may change and vary by source or transaction. Independently verify ownership, documentation, approvals, possession, outstanding dues and other legal or financial matters with the relevant authorities, developer, seller and qualified professionals before making a property or investment decision. Figures in this guide are indicative asking prices and estimates, not guaranteed values or returns.