| 05 Oct 2008 |
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Sorouh to launch sales of The Gate Towers at Cityscape Dubai
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Sales to be launched for the last residential tower in The Gate District on Reem Island
Apartments in 17-storey The ARC go on sale on first day of Cityscape Dubai 2008
5th October 2008 - Abu Dhabi: Sorouh Real EstateSorouh Real Estate
PJSC, one of the leading Abu Dhabi-based real estate developers, will launch sales for The ARC in the Gate District at the first day of Cityscape Dubai 2008. The last of the four residential towers to go on sale, The ARC is a 17-storey semi-circular tower incorporating a mix of studios and 1- and 2-bedroom apartments.SorouhSorouh has partnered with Tameer Holding InvestmentTameer Holding Investment LLC to develop The Gate Towers, which is positioned at the entrance to SHAMS Abu Dhabi on Al Reem Island and contains six buildings. Tomorrow's launch at Cityscape Dubai coincides with the start of construction on site.
Commenting on the sales launch, Mounir Haidar, CEO, Sorouh Real EstateSorouh Real Estate
PJSC, said:"This year's Cityscape Dubai marks a significant point for SorouhSorouh as we launch the sales for The ARC. We are expecting demand for The ARC to be strong, which will be due in part to its perfect location for buyers who want to remain at the heart of Abu Dhabi city but have access to facilities unheard of in such a central location.
"We have many projects to showcase at Cityscape Dubai. We will be presenting updates on SHAMS Abu Dhabi and The Gate District, which are now rising clearly into view from the mainland. SorouhSorouh has taken great strides in the last few years and we look forward to demonstrating our progress over the next few days."
The eight buildings that make up The Gate District include the 74-storey mixed-use Sky Tower and the 65-storey, solely residential Sun Tower. The two futuristic-looking towers will both have spectacular panoramic views out across the Gulf and over onto Abu Dhabi island. The towers also share facilities including a shopping mall, luxury sports and leisure facilities. These include a 10,000 square foot gym, a luxury spa with separate male and female facilities, three tennis courts, two squash courts, a lap pool, a 70-metre infinity pool, and yoga lawn. A business centre with two boardrooms will cater for the requirements of business professionals.
and LLJ Property in Abu Dhabi will also launch sales for The Arch Tower on 6 October 2008. SorouhSorouh will be exhibiting at Cityscape Dubai 2008 in Hall 8 on Stand B10 from 6 - 9 October.
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Abu Dhabi-based Sorouh Real EstateSorouh Real Estate PJSC is one of the UAE's leading property companies, with more than AED 70 billion worth of projects under development in the UAE and internationally. Established in June 2005 with a capital of AED 2.5 billion, SorouhSorouh is now one of the largest real estate developers on the Abu Dhabi Securities Exchange. In July 2008, the company's market capitalization was AED 23.2 billion with approximately 40,000 shareholders.
SorouhSorouh is active internationally, with up and coming projects in Egypt and Morocco. Working in master-planning, master-development and property related fields, SorouhSorouh has some of the region's most important developments underway, including Abu Dhabi's Lulu Island, SHAMS Abu Dhabi, The Gate District at SHAMS Abu Dhabi, Alghadeer, Saraya and Golf Gardens, all developed in close cooperation with the Abu Dhabi Government and its vision for the future.
SorouhSorouh has received international recognition for its projects. Recent awards include:
- Best New Business - Middle East Business Achievements Awards 2007
- Best Commercial Project for the Gate District - Abu Dhabi Cityscape 2007
- Best development, Central Park, Shams Abu Dhabi - CNBC Arabian Property Awards 2007
- Best Customer Service Company - Real Estate category, Middle East Excellence Awards Institute 2008
For more information, and for interviews with SorouhSorouh's spokespeople at Cityscape Dubai 2008, including Mounir Haidar, CEO at Cityscape Dubai, please contact:
Amel Saad
Senior Corporate Communications Officer
Sorouh Real EstateSorouh Real Estate P.J.S.C.
Tel: +971 2 697 8956
Mobile: +971 50 825 24 18
asaad@sorouh.com
Emily Hewitt / Clare Dight
Four Communications Group Abu Dhabi
Tel: +971 55 985 3371 / +971 55 985 3380
Sorouh@fourcommunications.com
© Press Release 2008
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