Abu Dhabi, UAE - January 28th, 2008 - Sorouh Real Estate, one of the UAE's leading real estate developers, announced today its participation in the fourth annual Abu Dhabi Real Estate and Investment Show - IREIS 2008. The event will take place at the Abu Dhabi National Exhibition Centre from January 30th to February 2nd.

Under the patronage of His Highness Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, the event will showcase real estate projects across a variety of property markets, both in the capital and around the region.

"Abu Dhabi is fast becoming one of the most dynamic real estate markets in the region, with the construction boom set to continue over the next 15 years. Events such as IREIS give the capital an opportunity to highlight the strong sustainable growth that has made Abu Dhabi one of the most sought-after investment destinations on an international scale", said Masood Al Awar, Executive Director of Sales & Marketing for Sorouh Real Estate.

"Sorouh is very much a 'customer focused' developer - a role which we take very seriously. Our constant attention to details and innovative thinking sets Sorouh apart from the pack and ensures that we continue to grow ahead of the market", he added.

 Sorouh will be displaying three models on its stand showcasing major projects, most prominent of which is "Shams Abu Dhabi", Sorouh's prestigious AED 25 billion landmark development located on Al Reem Island; "The Gate District" on Shams Abu Dhabi, an AED 11 billion residential, office and retail development; and "Al Ghadeer", a 3 million square meter development located on the border between Abu Dhabi and Dubai.

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About Sorouh Real Estate P.J.S.C.
Abu Dhabi based Sorouh 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 21 billion. It is one of the most widely held issues with approximately 45,000 shareholders. Sorouh's corporate vision is to "bring communities to life in perfect balance." Its real estate projects are master-planned and designed to meet all core needs of human wellbeing. Sorouh employs in excess of 184 highly qualified professionals operating in the field of master-planning and master-development.

Sorouh now has in excess of AED 45Bn of projects under development. These include:

Al Ghadeer, an oasis of easy living on the border between Abu Dhabi and Dubai. Expected to be home to over 18,000 people the 3million sq m site is a complete community featuring affordable homes yet offering easy access to the UAE's commercial centres airports and ports. SHAMS Abu Dhabi, Sorouh's flagship project is an AED 25Bn landmark development on Al Reem Island. A complete new city of 55,000 residents, 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 Al 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.

Sorouh 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:
Shaza Albein
Assistant Marketing Manager
Sorouh Real Estate P.J.S.C.
Tel: +971 2 444 0006
Fax: +971 2 444 0066
salbein@sorouh.com 
 
Youser Natheer
Junior Account Executive
Hill & Knowlton
Tel.: +971 4 3344930
Fax: +971 4 334 4923 /33
Youser.natheer@hillandknowlton.com
 

© Press Release 2008