Sorouh Real Estate

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

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

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

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

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

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

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

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

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

In January, the value of the Dubai mortgage market was down by 64 percent, compared to the same time last year, however, the number of actual mortgages only dropped by four percent. This indicates that lenders are still borrowing, but now the customers are end-users instead of high risk speculators.

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

Real estate players need to prudently apply resources and management skills to ensure long-term sustainability.

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

Drywalling products are as much in demand across the region as any other building material.

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

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

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

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

Michelle Nelson, partner, Masons Galadari, explores changes made to the Abu Dhabi government forms of contract.

Mounir Haidar, CEO, Sorouh, talks about how planning and teamwork will bring success.

Abu Dhabi is going all out in its quest for property supremacy with its billion-dollar projects all set to entice business and tourism.

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

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.

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

The new real estate player created by four Abu Dhabi developers is set to place the emirates on the international property map.

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.

International expansion and global acquisitions increase profit by 35% in 2006.

Credits Project The Sky Tower

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