Sorouh Real Estate

Sorouh Real Estate is Abu Dhabi second-largest property developer, and has benefited from the government decision in 2005 to allow foreigners buy for the first time.

The master developer is also launching a unit in Dubai that it will use to make overseas acquisitions and is setting up companies in Egypt and Morocco to start commercial, residential and lodging construction projects.

Sorouh Real Estate was established in June 2005 with the purpose of developing real estate projects in Abu Dhabi with a vision of turning the emirate into a major destination.

Sorouh listed its shares on the Abu Dhabi Securities Market in December 2005 and raised USD 374 million for 55% of the company's equity.