Burooj Properties

The UAE-based Burooj Properties is a Shariah compliant real estate property investment, development and management company. It also owns and operates hotels and resorts in addition of providing asset management and real estate business consulting services.

Burooj is developing eight projects in Abu Dhabi, Dubai and Sharjah, which amount to AED20 billion (USD5.4 billion) as of April 2010. One of these projects is the AED14.7 billion (USD4 billion) mixed-use development, Sharjah Marina, which is in its redesign phase as of Q1, 2010. When completed in 2015, the 1.25 million sq. m (13.4 million sq. ft.) project would consist of a shopping mall, 3 hotels, 6 residential towers, a commercial tower and a mixed used tower, a mosque, parks, schools and leisure facilities, a 2 km (1.2 mi.) canal and 2.5 km (1.5 mi.) of beach front.

Burooj announced in April 2010 that it began developing the Mohammed Bin Zayed City, worth AED150 million (USD40.8 million). The community development would accommodate 85,000 residents, when completed in June 2012 and would consist of 55 residential villas built on a plot of 19,788 sq. m (213,000 sq. ft.).

The company purchased 425 units of the Village Garden Katameya, in April 2010, from the Egypt-based Palm Hills DevelopmentsPalm Hills Developments, to expand its investments in Egypt.