Sorouh Real Estate

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Recent Articles

• 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.

• Reinvention a must to survive16 February 2008

  Contractors and developers in the Middle East need to ‘reinvent' themselves in order to remain competitive and avoid potentially huge losses.

• Gulf states face labour exodus11 February 2008

  Contractors will struggle to retain Asian workers as pressure on dollar continues, warns expert.

• Sorouh wins prize for Abu Dhabi Park10 February 2008

  Abu Dhabi-based real estate company Sorouh has won a prize for its Central Park at Shams Abu Dhabi project.

• Maabar unveils $10bn Tunis plan5 February 2008

  UAE developer's 'Town of Flowers' complex will be one of Africa's biggest real estate projects.

• Sorouh profit dips in fourth quarter29 January 2008

  Abu Dhabi-based real estate developer sees net income decline 2.5% year-on-year to $131mn.

• Sorouh/Tabreed deal19 January 2008

  Sorouh Real Estate has formed a joint venture company with Tabreed to provide district cooling to Sorouh's Shams development in Abu Dhabi.

• Mövenpick heading for Al Ain13 December 2007

  Swiss hotel company plans another flag for the UAE to be open by 2010.

• Land, unit sales push Sorouh profit up 40%31 October 2007

  UAE's third-largest developer sees Q3 net income rise to $59.1mn as revenues more than double.

• Dubai makes record books with world's biggest ad24 October 2007

  Advertising banner the size of three football pitches unveiled at Dubai airport.

• Sorouh unveils commuter haven16 October 2007

  CITYSCAPE: Abu Dhabi developer launches real estate project on the Abu Dhabi-Dubai border.

• Sorouh to 'cause a stir' with project launches11 October 2007

  Abu Dhabi property firm planning to unveil several new developments at Cityscape.

• Mubadala to expand mortgage firm across UAE19 August 2007

  Abu Dhabi investment agency says emirate is just start for mortgage finance joint venture.

• Gate deal for Khatib3 August 2007

  Consultants Khatib & Alami have picked up a contract worth US $23.3 million (AED85 million) to design six of the eight towers which make up the Gate District on Shams Abu Dhabi.

• Sorouh turns profit in Q230 July 2007

  Abu Dhabi-based property developer posts profit after Q2 revenue surges more than six-fold.

• Sorouh shortlists six for Saraya project4 July 2007

  The real estate company has chosen six contractors for its $952mn Saraya project in Abu Dhabi.

• Three-way tie up in AD29 June 2007

  Aldar Properties, Sorouh Real Estate and Reem Investments have tied up with First Gulf Bank to form a new property company, Inshaa.

• Strong Q1 growth for Sorouh18 May 2007

  Sorouh Real Estate PJSC has announced operational net profits of US $30.95 million (AED113.7 million) for the first quarter of 2007.

• Abu Dhabi's Sorouh makes $31m Q1 profit14 May 2007

  Real estate firm sells villas and apartments worth $435m; doesn't release last year's figures.

• Abu Dhabi's Sorouh seeks $1bn funding8 May 2007

  Borrowing for new developments could see the value of projects triple to $32.68bn.

• Nurol collects Reem bridges4 May 2007

  Nurol Construction and Trading Company has won a US $60.7 million (AED222 million) bridge construction package for Sorouh Real Estate's Shams Abu Dhabi project on Reem Island.

• Abu Dhabi developers plan project in Morocco4 April 2007

  A company recently formed by four Abu Dhabi-based developers is set to build a massive real estate development in Marakech.

• Infrastructure tender expected on Al Reem Island30 March 2007

  A US $680 million (AED2.5 billion) tender package for the construction of roads, bridges and utilities projects on Abu Dhabi's Al Reem Island is expected to be issued in May.

• Abu Dhabi property powers join forces22 March 2007

  The UAE capital's four major property developers create new entity to take on global markets.

• ACC bags Sky towers2 March 2007

  Arabian Contracting Company (ACC) has won a US $626 million (AED 2.3 billion) contract to construct the 83-storey Sky Tower and its sister tower, Tower 2, as part of Sorouh Real Estate's Gate District Project on its Shams Abu Dhabi development on Reem Island.