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Sorouh Real Estate and Tameer Holding, the two leading real estate companies of the UAE, entered into a strategic partnership in September last year by signing a Memorandum Of Understanding (MOU) to establish a joint venture company to develop six of the eight 'Gate District' towers.
Integral to the flagship 'SHAMS Abu Dhabi' development on Reem Island, 'The Gate District' comprises 8 towers of unparalleled scale and uniqueness. Integrating luxury high rise residences, contemporary office space, exclusive shopping experiences and world class hotel accommodation, the 'Gate District' will provide unrivaled sea and city views for residents and visitors alike.
This unprecedented Gate District mixed-use development will boast 1.17 million sq-ft of office space, alongside over 1.08 million sq-ft of exceptional retail, hotel and amenity space serving both the local 'SHAMS Abu Dhabi' community, and Abu Dhabi.
Dr. Adnan Sahli, Executive Director of Projects for Sorouh Real Estate commented: 'Their appointment follows a closed tender from a shortlist of pre-selected consultants. K&A were selected for having the best technical and financial offer, and we have every confidence that K&A understands and shares our vision for this unique project'.
The Gate District is much more than just a place to live or work; it is a complete living experience. With a mixed portfolio of over 4.43 million sq-ft of residential space, 'The Gate District' offers a unique living and work environment.
The development's unique architectural identity will be enhanced 60 storeys above the ground by a bridge linking Towers 3 to 6. Once complete, this bridge will house a variety of luxury amenities, including an exclusive signature club.
Abdallah Shaaban, Chief Executive Officer of Tameer Abu Dhabi said: 'The selection of a world-renowned firm in the caliber of Khatib and Alami to design the Gate District is consistent with the importance and high visibility of such an iconic development. Furthermore, we believe that this project marks another important milestone in the strategic partnership established between Sorouh and Tameer. Projects such as the Gate District are bound to strengthen both companies' reputations, not just as the leading property developers in the UAE but more importantly as the leading community developers.'
While K&A will be undertaking the detailed design plan of The Gate District' Towers 3-8, the concept design was originally developed by Bernardo Fort-Brescia, Managing Director of Arquitectonica. With its unprecedented scale and distinct architectural design, The Gate District is already renowned throughout the region, and indeed the rest of the world.
'We aim to provide our clients with impressive and state-of-the art developments that will highlight the Abu Dhabi landscape. The Gate District is scheduled for completion in 2011 and we are certain that K&A will deliver a quality development on schedule,' added Abdallah Shaaban of Tameer.
Located alongside the phenomenal Sky Tower and its sister tower, currently under construction, The Gate District will significantly enhance the Abu Dhabi skyline, and serve as a breathtaking welcome to SHAMS Abu Dhabi.
Sorouh-Tameer JV awards Gate District design contract to Khatib & Alami Design Consultancy
Sorouh Real Estate and Tameer Holding announced that they have awarded the AED 85.6 million detailed design contract for the prestigious 'Gate District' Towers 3-8 to leading design consultancy Khatib & Alami (K&A).
- United Arab Emirates: Tuesday, July 24 - 2007 at 15:39
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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 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 now has around AED 35Bn 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 as well as Abu Dhabi's tallest building 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.
About Tameer
The journey of Tameer began in 1991. Tameer, a UAE based company, has grown and expanded over the years with the aim of becoming the leading property developer in the region. In 2005, Tameer Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty market totals over AED 150 billion.
Currently, Tameer Holding is developing key projects in UAE, such as AlSalam City in Umm Al Quwain city, and Al Ameera Village in Ajman, with the world's tallest residential tower 'Princess Tower', located in Dubai Marina. This was followed by other key projects in Dubai such as the Al Dana 1 & Al Dana 2 projects, Al Shahd Tower on the Emirates Hills, Al Jawzaa in International City, The Regal Tower in Business Bay, The Palace Towers in Dubai Silicon Oasis, Elite Residence in Dubai Marina and Imperial Residence in Jumeirah Village.
In addition to these projects in UAE, Tameer has numerous international developments including the ground breaking Tameer project in Yemen with a mixture of residential & tourism developments, Madeenat Al Majd in Jordan and Al Hanaa City, Tameer's largest project in Libya.
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
Posted by Medilyn Manibo, Assistant News EditorTuesday, July 24 - 2007 at 15:39 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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