Sorouh markets Waterside Residences at International Real Estate and Investment Show

The announcement is scheduled to take place during the International Real Estate and Investment Show 2006 (IREIS 2006) to be inauguration tomorrow. The show attracts key local and international investors involved in the property development industry. Sorouh is the platinum sponsor of the event.

The Waterside Residential plots include 22 residential buildings of six to eight stories overlooking a canal and the mangrove nature preserve. This is a unique environmental area and the design of the buildings reflects the natural element of the setting. There is an outdoor feel to the design, as each residential building has its own swimming pool amongst other sports and recreational facilities.

'The marketing phase of these Waterside plots builds on Sorouh's continuing commitment to build state-of-the-art communities in perfect balance with their natural surroundings,'

said Mr. Mounir D. Haidar, CEO of Sorouh Real Estate. Haidar noted that the latest environmental building technologies will be utilized in the project in an effort to preserve the natural atmosphere of the setting.

'This residential area forms an essential part of the Shams project, which consists of a number of residential, commercial and recreational facilities,' the CEO continued. 'This will be supported by the most modern infrastructure and connected by innovative transportation networks.'

Haidar also noted that the recently-announced architectural design competition to design the Waterside plots exemplifies Sorouh's commitment to encouraging an open competition among the leading design and development firms in the world. He said that the competition will facilitate a platform for the leading designers to exchange ideas and discuss concepts relating to best practices of the industry. He noted that the Waterside project as well as Shams Abu Dhabi will reap the benefits from this gathering of top architectural design talent.

Sorouh management has said that the unique environmental features of Al Reem Island will be reflected and enhanced in the Shams Abu Dhabi development. Sorouh is committed to implementing the highest global standards in reaching the perfect balance between urban development and the preservation of natural features.

Shams Abu Dhabi was the first major development project to be announced by Sorouh Real Estate. The project occupies approximately 25 per cent of the overall area of Al Reem Island, which is located 300 meters off the northwest shore of Abu Dhabi. It will consist of 22,000 residential units as well as hotels, schools, recreational and health care facilities that will eventually be home to a population of more than 80,000 residents.