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FINANCIAL NEWS
Abu Dhabi’s Sorouh to hand out new units
10 Nov 2010
(MENAFN) Sorouh Real Estate’s Chief Operating Officer, Gurjit Singh, announced that the real estate developing company plans to deliver about 2,500 new residential units to end users in Abu Dhabi by the end of 2012, Gulf News reported.
The Abu Dhabi-based company will begin the deliveries between January and March of 2011, starting with deliveries in the Sun and Sky Towers. The reason behind the delivery of existing developments that are nearing completion is to secure income from properties in order to generate rental revenues, said Singh.
Sorouh has already delivered projects such as Khalidiya Village, Al Oyoun in Al Ain and Sas Al Nakhl and has recently completed the Golf Gardens project. As for the Gate Tower project, it is scheduled to be completed in late 2012, stated the COO.
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