Sorouh's three rental compounds provide housing solutions in Abu Dhabi
- United Arab Emirates: Saturday, July 21 - 2007 at 11:14
- PRESS RELEASE
Abu Dhabi's leading real estate developer, Sorouh Real Estate has helped alleviate the rental housing shortage in the capital city through its three rental compounds- Al Oyoun Village, Sas Al Nakhl & Al Khalidiya Village.
The three gated communities that were released to the market over the last three quarters, offer 782 new villas and housing units, all developed in key locations in Abu Dhabi and Al Ain; providing unique entertainment and sporting facilities to the residents.
There is a significant gap between the increasing demand and current supply of affordable accommodation, in both Abu Dhabi and Al Ain. Sorouh Real Estate has begun to provide a solution to this problem by supplying affordable yet luxurious housing.
Al Khalidiya Village comprises of 150, five and six bedroom villas, situated near the Abu Dhabi Corniche. Recreational facilities of this exceptional compound include swimming pool and deck, fully equipped gym, sauna and steam room, tennis court, squash court, children's playground and games room. Located in the heart of Khalidiya, this compound is perfectly situated close to international schools, shopping destinations and the beach.
Sas Al Nakhl is located near the famous Abu Dhabi Golf Course, and offers its residents 484 impressive villas. These villas range from three to five bedrooms and come in 8 different layouts. With its own shops and Mosque, it is a truly self sufficient community.
Located on the outskirts of Al Ain and overlooking the spectacular Hafeet Mountain, Al Oyoun Village is a vibrant blend of Arabic architecture and modern features. Comprising of 148 villas, facilities at the 'Club House' include a gym, squash court, two tennis courts, outdoor swimming pool, a multi-purpose hall, playgrounds and landscaped gardens as well as streetscapes for strolling and cycling.
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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 9.7 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 120 highly qualified professionals operating in the field of master-planning and master-development.
Sorouh's now has around AED 50Bn 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 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 AD 2.2Bn 74 storey Sky Tower which will be a pinnacle of luxury for its residential and commercial occupants as well as Abu Dhabi's tallest building when completed.
Lulu Island opposite the Abu Dhabi Corniche will be the City's most prestigious and sought after district. The project was awarded to Sorouh by His Highness Sheikh Khlifa Bin Zayed Al Nahyan, President of The United Arab Emirates in March 2006.
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, the Tala Tower and Saraya on the Abu Dhabi Corniche.
For more information please contact:
Ahmed El Awad
Assistant Communications Manager
Sorouh Real Estate P.J.S.C.
Tel: +971 2 444 0006
Fax: +971 2 444 0066
Or
Riham El Adl
Account Manager
Hill & Knowlton
Tel.: +971 4 3344930 ext 625
Fax: +971 4 334 4923 /33
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