Sales of land, villas and apartments reached Dh6 billion while plots and unit sales went up by 30 per cent and 22 per cent respectively showing a 28 per cent growth.
Sorouh reported total assets worth Dh7.2 billion in 2007, up 66 per cent from Dh4.3 billion last year. Market Capitalisation totalled Dh21 billion as at December 31, 2007 on Dh6 billion last year.
Investment Properties increased by 23 per cent from Dh1.02 billion to Dh1.26 billion. Properties under development increased by 161 per cent from Dh414 million to Dh1.08 billion. Bank borrowings grew to Dh234 million from Dh12 million in 2006.Sorouh intends to take advantage of its strong balance sheet to take on additional borrowings with the intention of improving further its return on equity and ensure the availability of sufficient funding for its projects.
With temperatures dipping, it is the perfect time for barbecue and picnic with your loved ones
Completion to reduce carbon emissions and fossil fuel consumption
Magnati customers will now have access to a variety of emissions calculator solutions
EngageMint Dubai emiphasises digital-first approach