Sorouh is the first of the leading Abu Dhabi real estate developers to offer freehold contracts.
Commenting on the move Mounir D. Haidar, CEO of Sorouh said: 'We have acquired freehold rights and we are upgrading customers contracts with no additional charges and the price of units will remain unchanged. By increasing the attractiveness of premium real estate options within Abu Dhabi, Sorouh continues to reinforce its place as industry leader, within the real estate market. Tala Tower, which is so wonderfully situated at Marina Square, represents a first class opportunity to own a freehold contract for luxurious accommodation at affordable rates.'
Tala Tower overlooks the Marina, giving panoramic views of the Abu Dhabi skyline. It offers waterside living just five minutes from the heart of the city.
Spacious one, two and three bedroom apartments along with a host of world class amenities are available at Tala Tower. Financing up to 97% has been arranged through Amlak Finance plus other interesting finance offers are available from Abu Dhabi Commercial Bank and National Bank of Abu Dhabi with prices for apartments start at around AED 812,000.
'Sorouh is offering investors similar freehold options at Shams Abu Dhabi projects and we look forward to announcing further opportunities in the near future,' added Haidar.
Sorouh offers freehold contract at Tala Tower
Sorouh Real Estate, Abu Dhabi's leading real estate developer and largest by market value announced that it is to offer freehold property rights at its Tala Tower project at Marina square in Reem Island Abu Dhabi.
- United Arab Emirates: Monday, September 03 - 2007 at 12:18
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Log in to request more information from Sorouh Real EstateNotes and media contacts
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
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 EditorMonday, September 03 - 2007 at 12:18 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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