Sorouh Real Estate

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Recent Articles

• Abu Dhabi's Sorouh says primary market steady16 December 2008

  Secondary market has 'softened' where 'speculative' buyers looking to sell.

• 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.