Sorouh Real Estate

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Recent Articles

• Sorouh's Q3 net profit slumps 75%29 October 2009

  UPDATE 2: Abu Dhabi developer's MD says he is 'cautiously optimistic', sees challenging market remaining.

• Sorouh set to build more affordable housing7 October 2009

  Senior Abu Dhabi company official says more cheaper home for Emiratis on agenda.

• Sorouh confirms resignation of CEO16 September 2009

  UPDATE 1: Mounir Haider to leave role at Abu Dhabi's second largest listed developer next month.

• Dubai market posts biggest 1-day gain since Feb26 July 2009

  Stocks boosted by rising oil prices and better-than-expected corporate earnings.

• Sorouh Q2 profits 75.5% down22 July 2009

  Abu Dhabi's second-largest property developer posts second-quarter net profit of $41.08m.

• UAE property firms' Q2's seen hit by lower sales12 July 2009

  Emaar Properties forecast to buck overall trend, however, says Shuaa Capital.

• Sorouh to revise payments for Gate Towers investors1 July 2009

  Abu Dhabi developer says it will also meet investors to discuss possible price reviews.

• Sorouh, Tameer dissolve JV plans9 June 2009

  Developers announce two joint ventures for Shams Abu Dhabi, Al Reem Island will not go ahead.

• Abu Dhabi market closes higher thanks to Dana Gas deal 18 May 2009

  UPDATE 6: Oman, Saudi, Qatar, Bahrain all close higher at end of Monday trading.

• Dubai sees largest one day rise since March 24 29 April 2009

  UPDATE 7: UAE property stocks resurgent, du adds 5% after releasing healthy Q1 profits .

• Sorouh sees net profit half in Q1 200929 April 2009

  Abu Dhabi developer expects earnings to improve this year after falling inline with land sales.

• Sorouh launches property management firm 20 April 2009

  Khidmah, joint venture with Capital Investment LLC, will offer leasing, maintenance services.

• Reem Island developer eyes debt market move20 April 2009

  UPDATE 1: Phase 1 of $30bn mega project slated to be complete by April 2010.

• Sorouh Real Estate to ease customer payment plans19 April 2009

  Abu Dhabi developer to cut prices and ease payment plans on Alghadeer project. 

• Rakbank launches mortgage promotion15 April 2009

  Low interest rates promised for UAE nationals, residents and non-residents buying freeholds.

• Conference set to tackle issues of Emiratisation7 April 2009

  UAE to hold first event of its kind later this month to debate employment policy.

• UAE property firms call for agency to buy up bad loans4 March 2009

  Gov't agency needed to buy up distressed loans, easing liquidity - conference.

• Developer to retrain engineers in customer roles3 March 2009

  Abu Dhabi's Sorouh Real Estate says 'right skilling' will prevent redundancies.

• Abu Dhabi's Sorouh chief financial officer resigns26 February 2009

  Real estate major's CFO is replaced by John Hopley, who takes on the role temporarily.

• Sorouh draws up new property payment plans24 February 2009

  Abu Dhabi real estate company considers 'rent to own' scheme in wake of economic downturn.

• Kuwait, Qatar, UAE close higher; Oman, Bahrain end low29 January 2009

  UPDATE 3: Most Arab bourses rise on US making headway on stimulus package.

• UAE Sorouh’s CEO positive despite surprise Q4 net loss 29 January 2009

  Real estate major fails analysts' estimates; posts $7.9m loss on rising finance costs.

• Sorouh reviews new projects amid market slowdown28 January 2009

  EXCLUSIVE: Abu Dhabi developer also sees prices in UAE capital falling by up to 20%.

• Major Arab bourses end in red; banks suffer18 January 2009

  UPDATE 4: Savola Group, National Bank of Abu Dhabi see major slips.

• UAE, Saudi, Qatar markets end in red14 January 2009

  UPDATE 5: UAE markets were dragged down by real estate and bank stocks.