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Sorouh opens door to developers

DUBAI — As part of its participation in Cityscape 2005 exhibition, Sorouh Real Estate announced that it has opened the door to developers and investors in the first three plots of recently-announced Shams Abu Dhabi development.

The first of the plots to be released has been given a working name of "The Gate", as its five impressive towers form the southern entrance to the Shams Abu Dhabi development.

With four residential towers of 60 stories and a single 75-storey mixed residential and commercial use tower, this plot encompasses 3,000 residential units with accompanying underground parking and environmental terraces and in total represents more than one million square metres of development space.

The second plot represents what is generally being referred to as the Northern or Upper Village-a residential cluster of buildings ranging from six to 35 stories which will be bisected by a major canal.

This neighbourhood is expected to be known as a slightly upscale residential area known for its serenity.

The third plot is composed of several blocks dominated by two iconic towers at the northern tip of the development. These towers, shaped as if they open up and welcome the sky, represent the contemporary design and vision of the project and form the commercial centre of the adjoining Upper Village.

Sorouh Chairman Saeed Eid Al Ghafli encouraged investors to visit the Sorouh team at Cityscape and explore the potential of these three initial plots for development.

"These plots represent exciting opportunities for private investors and developers to get involved in what will become one of the largest developments in Abu Dhabi," he said.

"Abu Dhabi has recently passed new laws which have had the effect of opening up new areas for investment. Sorouh is at the forefront of this new development activity as we look for partners to join with us in building a new face of the capital city," he concluded.