Abu Dhabi, October 16, 2007 - Sorouh Real Estate, Abu Dhabi's leading real estate developer, has unveiled Al Ghadeer, a major new development located at Saih As Sidirah on the Abu Dhabi - Dubai border.
Bringing the concept of 'Easy Living' to life, Sorouh is developing Al Ghadeer as a self sustaining community hosting a variety of educational, recreational, social and commercial amenities.
Al Ghadeer is a mixed use development measuring three million square meters. Designed to make life easy for residents working in Dubai, Abu Dhabi and the surrounding major commercial and industrial developments, Al Ghadeer provides affordable luxury housing including apartments, town houses and villas.
Commenting on its strategic location, Mounir D. Haidar, Sorouh Real Estate's CEO said: "This is a prominent site with tremendous potential due to its accessibility to major highways linking all the commercial centres in the UAE. The site's location at the Abu Dhabi - Dubai border places it in a unique position to meet residential and commercial demand from a broad area including many new industrial developments. While housing and living costs in Dubai continue to rise, Al Ghadeer offers a solution due to its proximity, extensive onsite facilities and competitive pricing."
Open for registration at Cityscape, Al Ghadeer will offer advanced technological features including WiFi which will cover the entire community. Three schools catering to all ages - one local and two international - as well as four junior schools, all reachable via the pedestrian pathways and covered walkways mean that even the school run is easy at Al Ghadeer. Recreational facilities such as retail outlets and hotels provide entertainment in the area while a host of outdoor sporting facilities cater to lovers of an active lifestyle. Reaching the hotel, cinema, restaurants and cafes is easily achieved via the network of pathways which wind their way through green spaces and shimmering water bodies including a feature lake.
Sorouh's stand will be located at Hall 8 Stand B10 at the Dubai International Convention Center.
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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 11.3 billion. It is one of the most widely held issues with approximately 55,000 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 the four core needs of human wellbeing: physical, intellectual, social and spiritual. Sorouh employs in excess of 140 highly qualified professionals operating in the field of master-planning and master-development.
Sorouh now has around AED 40Bn of projects under development. These include:
SHAMS Abu Dhabi, Sorouh'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.
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:
Nancy Fetouh
Assistant Marketing Manager
Sorouh Real Estate P.J.S.C.
Tel: +971 2 444 0006
Fax: +971 2 444 0066
nfetouh@sorouh.com
Account Manager
Hill & Knowlton
Tel.: +971 4 3344930 ext 628
Fax: +971 4 334 4923 /33
Tania.Atallah@hillandknowlton.com
© Press Release 2007
