SorouhSorouh offers freehold contracts for all nationalities at the most prestigious address in Abu Dhabi

Abu Dhabi - Abu Dhabi's leading real estate developer, Sorouh Real EstateSorouh Real Estate announced that it is extending freehold opportunities for all nationalities at the most prestigious address in Abu Dhabi - Sky Tower.

This news follows on from the recent announcement that SorouhSorouh will be one of the first of the leading Abu Dhabi real estate developers to offer freehold contracts at its Tala Tower project, Marina square, Reem Island.

Mounir D. Haidar, Sorouh Real EstateSorouh Real Estate's CEO said "This is an excellent opportunity for prospective homeowners and commercial investors to own property in what will become one of the Capital's landmark buildings within the most prestigious address in Abu Dhabi."

This announcement comes at a very exciting time for SorouhSorouh customers as, until November 12, 2007 AmlakAmlak are offering 97% finance on Sky Tower purchases.

"We are thrilled to have partnered with Amlak FinanceAmlak Finance for this attractive offer, which highlights our strong commitment to becoming the leading player in the very vigorous and highly competitive real estate industry in Abu Dhabi," added Haidar. "With this exciting offer, Sorouh Real EstateSorouh Real Estate makes it much easier for customers to own freehold property in Sky Tower, easily one of the most desirable buildings in the Capital."

Sky Tower, part of the Gate District development in Shams Abu Dhabi, was launched by Sorouh Real EstateSorouh Real Estate in April last year, and is designed by internationally renowned architectural firm Arquitectonica. The elliptical shaped Sky Tower will rise to an awe-inspiring 300 metres once completed.

As part of an exclusive range of amenities, designed to provide 'life in perfect balance,' the Sky Tower boasts an exceptionally large podium that will host state of the art leisure and relaxation facilities and a community mall offering essential and luxury shopping and eating. The leisure facilities will cover 180,000 sq ft of the podium and will include a state of the art gym, two swimming pools, tennis courts, squash courts, spa and more. Sky Tower will offer luxury high-rise residences and a contemporary office environment with spectacular panoramic views of the Gulf and Abu Dhabi. The Sky Tower is scheduled for completion in 2009.

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About Sorouh Real EstateSorouh Real Estate P.J.S.C.
Abu Dhabi based SorouhSorouh was established on June 26, 2005 with a capital of AED 2.5 billion. Today it is one of the largest real estate developers listed on the Abu Dhabi Securities Market with a market cap close to AED 11.3 billion. It is one of the most widely held issues with approximately 55,000 shareholders.

SorouhSorouh's corporate vision is to "bring communities to life in perfect balance". Its real estate projects are master-planned and designed to meet the four core needs of human wellbeing: physical, intellectual, social and spiritual. SorouhSorouh employs in excess of 140 highly qualified professionals operating in the field of master-planning and master-development.

SorouhSorouh now has around AED 40Bn of projects under development. These include:

SHAMS Abu Dhabi, SorouhSorouh's flagship project is an AED 25Bn landmark development on Reem Island. A complete new city of 60,000, SHAMS Abu Dhabi will be a self sustaining city of canals and parks which integrates world-class master planning practices and extends the lush green of Abu Dhabi's landscape.

The Gate District on SHAMS Abu Dhabi is a cluster of 8 towers located at the entrance to SHAMS Abu Dhabi. Now architecturally renowned worldwide the AED 11Bn residential, office and retail development is designed as a gateway to the peninsula from Reem Island. The Gate District also includes the 74 storey Sky Tower which will be a pinnacle of luxury for its residential and commercial occupants when completed.

SorouhSorouh is also developing the Golf Gardens overlooking the Abu Dhabi Championship Course, the Abu Dhabi Aviation Authority residential project, Al-Shamkha national housing project and the Tala Tower as well as Saraya on the Abu Dhabi Corniche.

For more information please contact:
Ahmed El Awad
Assistant Communications Manager
Sorouh Real EstateSorouh Real Estate P.J.S.C.
Tel: +971 2 444 0006
Fax: +971 2 444 0066
AElawad@sorouh.com

Riham El Adl
Account Manager
Hill & Knowlton
Tel.: +971 4 3344930 ext 625
Fax: +971 4 334 4923 /33
Riham.eladl@hillandknowlton.com

© Press Release 2007

 

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