Sorouh Real Estate

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Recent Articles

• Gov't backing to help Aldar, Sorouh weather storm30 November 2008

  Citigroup says Abu Dhabi able to finance, and ultimately buy, all projects in progress.

• Sorouh: More emphasis needed on customers18 November 2008

  Slowdown puts focus on quality, standards and transparency, says real estate official.

• Sorouh cuts foreign ownership to stem share slide11 November 2008

  Abu Dhabi's second largest developer cuts shareholding allocated for foreigners to 15%.

• Gulf markets down despite strong Q3 figures22 October 2008

  UPDATE 5: Shares on region's bourses fall, led by banking and real estate firms.

• Sorouh Real Estate triples Q3 net profit22 October 2008

  UPDATE 1: Abu Dhabi-based property company says Q4 should be just as strong.

• Sorouh to award Alghadeer project design contract11 October 2008

  The design contract for Sorouh Real Estate's US $4 billion (AED 15 billion) Alghadeer project will be awarded within the coming weeks according to Sorouh chief operating officer Samer Abu-Hijleh.

• $1.7bn contract awarded for flagship project7 October 2008

  Arabian Construction Company set to create Gate District, part of SHAMS Abu Dhabi.

• Credit crunch will not delay projects - Sorouh6 October 2008

  Abu Dhabi developer expects Q3 profit to top previous quarter due to increased sales.

• Credit crunch risks hurting UAE developers17 September 2008

  Sorouh CEO says problems in financial markets could slow expansion plans.

• Abu Dhabi's Sorouh Q2 profit rises 39%24 July 2008

  The UAE's third largest property company posts net profit rise of $167.6mn in second quarter.

• Sorouh to raise $1.1bn in securitisation 14 July 2008

  Abu Dhabi developer to sell securities that comply with Islamic law to finance projects.

• Sorouh to form sales joint venture18 May 2008

  Abu Dhabi developer acquires undisclosed stake in local estate agent to push sale of properties.

• Sorouh MD warns developers to deliver on promises16 May 2008

  Abu Dhabi's largest listed developer fears rogue firms undermining confidence.

• $11bn needed to develop Lulu Island14 May 2008

  CITYSCAPE: Abu Dhabi-based Sorouh's masterplan for development in final stages, official says.

• Sorouh plans $1bn securitisation13 May 2008

  CITYSCAPE: Abu Dhabi-controlled developer to use cash for general funding purposes, CEO says.

• Abu Dhabi boom drives profits24 April 2008

  Sorouh, Aldar announce triple-digit revenue growth from epicentre of emirate's real estate action.

• Abu Dhabi, Jordan seal $5bn venture12 April 2008

  Al Maabar to develop port and tourist, residential and commercial buildings in Red Sea city of Aqaba.

• Abu Dhabi bourse plans Asia roadshow8 April 2008

  Some of emirate's biggest listed companies to accompany stock market on public relations drive.

• Sorouh to allow 40% foreign ownership8 April 2008

  Abu Dhabi-based property developer moves to ensure majority rests with institutions, funds.

• Metro, Sorouh to develop entertainment in UAE27 March 2008

  Mega firms team up to develop $1bn theme park, hotels and cinemas in Abu Dhabi.

• Sorouh plans overseas acquisitions20 March 2008

  Sorouh Real Estate Company has established a unit in Dubai, allowing it to make overseas acquisitions.

• Markets continue slump ahead of Fed cut16 March 2008

  All Gulf states pegged to US dollar see markets drop on concerns US will slash rates.

• Gulf markets rebound12 March 2008

  Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

• Abu Dhabi homes to rise 20% this year3 March 2008

  Prices to jump as demand outweighs supply and low interest rates fuel investment, says Sorouh exec.

• Sorouh sees strong capital demand17 February 2008

  Strong demand for hotel rooms in Abu Dhabi is driving development in the UAE's capital, according to Sorouh executive director sales and marketing Masood Al-Awar.