Thursday 28 August 2014
 
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Sorouh Real Estate

Aldar says will repay debt, sees more consolidation

Abu Dhabi's Aldar Properties, currently in merger talks with rival Sorouh Real Estate, says it is committed to repay its huge pile of debt and sees further consolidation in the emirate's battered property market.     

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Sorouh elects new chairman

Abu Dhabi's Sorouh Real Estate, which is in merger talks with Aldar Properties, on Sunday appointed Mubarak Matar Al Humairi as its new chairman of the board. Sorouh, the second largest developer in Abu Dhabi, elected the new chairman on T

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Sorouh signs lease deal with Alrayyana

Sorouh Real Estate, a major Abu Dhabi-based real estate developer, today announced the signing of a 30-year residential lease agreement for 287 units in the Alrayyana development at prevailing market rates. The units form part of the total

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Sorouh Q1 net profit plunges 42pc

Sorouh Real Estate, Abu Dhabi's second largest developer by market value, said on Thursday its first quarter net profit fell 42 per cent, despite higher revenues. The company reported a first-quarter net profit of Dh76.3 million ($20.

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Sorouh wins award at Cityscape Abu Dhabi

Abu Dhabi-based Sorouh Real Estate Company announced that its Shams Gate project has received the ’Best Mixed Use Future Project Award’ at Cityscape Abu Dhabi 2011. The developments were judged based on several criteria including innovativ

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Sorouh to complete $3.5bn projects by 2014

Sorouh Real Estate expects to complete projects worth Dh13 billion ($3.54 billion) with delivery of some 7,000 units by 2014, its chief financial officer said on Sunday. Sorouh, Abu Dhabi's second largest developer, has also stalled it

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Sorouh wins major global business award

Abu Dhabi-based Sorouh Real Estate has won the prestigious Gold Category at The Century International Quality ERA Award (CQE) from Business Initiative Directions (B.I.D) in Geneva. This is the highest ranking category of these awards and i

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Sorouh Q3 profit falls 68pc as revenues decline

Abu Dhabi developer Sorouh Real Estate on Monday said its third-quarter profit declined 68 per cent as revenues fell and finance costs almost tripled, but the results beat analysts' forecasts. Profit in the three months to September 30

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Sorouh announces new mortgage deal

Sorouh Real Estate, one of the leading real estate developers in the UAE, has launched its new mortgage deal for Sun Tower on Al Reem Island. Sorouh’s Why Rent? promotion offers the best mortgage rate in Abu Dhabi to purchasers of any nati

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Sorouh calls for commitment to go green

Sorouh Real Estate has called for the real estate sector to make a firm commitment to take an 'early adopter' approach to going green at the Middle East Green Buildings & Sustainability conference. Gurjit Singh, chief operating

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