Sorouh awarded two new contracts by the UPC for AED 2.89bn

Sorouh Real Estate Company “Sorouh” or “the Company”, Abu Dhabi based real estate developer, announced that it has been awarded two new contracts by the Urban Planning Council “UPC” to build high quality residential units for UAE nationals. These two contracts together comprise a total of 1,470 quality villas to be delivered over the next two years, with combined total project values of AED 2.89 billion. 

The new contracts, Al Ghuraibah (Al Ain) and Al Sila’a (Western Region) will be developed in-line with UPC’s Al Ain and Al Gharbia’s 2030 Master Plans and guidelines. These developments shall comprise high quality residential units, which will demonstrate an evolved level of urban planning and will be built in the traditional Emirati "Fareej" style. 

Meanwhile, the funding of the second phase of the Watani project comprising 400 units was also signed today. This follows the success of phase one which was awarded to the Company during Cityscape Abu Dhabi 2010. This was Sorouh’s first master planned Emirati community project and is located close to Abu Dhabi Golf Club. Considerable progress has already been made at Watani for both phases 1 and 2, which is being developed over four phases with a total project value of AED 5.4 billion. 

Saeed Eid Al Ghafli, Chairman of Sorouh, commented: “It is a great honour to have been awarded these highly prestigious new projects which form a critical component of Abu Dhabi’s Vision2030. By making significant progress on Watani, Sorouh has earned the trust of the Government of Abu Dhabi to further master develop high quality residential communities for UAE nationals. 

“These exciting new projects allow Sorouh to diversify its revenue streams by utilising the skills, the expertise, and the proven track record required to deliver these projects..These projects are focused on providing sustainable communities specifically designed to address the needs of Emirati families by providing high quality housing set in traditional style living environments.” 

Background information on all projects 

Al Ghuraibah (Al Ain) 

AlGhuraibah is located in the city of Al Ain. Surrounded by the natural beauty of the Hafeet Mountains, AlGhuraibah will be a perfect escape from the hustle and bustle of city life. The entire development will cover 2,148,596 square metres and will be built in two phases, East and West. The West Phase comprises 600 villas and the East Phase will total 422 villas. AlGhuraibah will be a modern development that meets Estidama guidelines and Plan Al Ain 2030 for sustainable development. The total project value is AED 1.84 billion and is scheduled for completion in Q3 2012. 

Al Sila’a (Western Region) 

Al Sila’a is located in the Western Region along the coastline and will comprise 448 villas.  Construction of the development, which stretches across a total plot area of 1.3 million square metres, will include a mosque, a school, a women’s centre and a wide range of retail outlets, all of which are designed according to the Estidama guidelines of UPC and Plan Al Gharbia 2030. Al Sila’a will be a place that honours the area’s seafaring heritage, and will provide the community with an anchor for growth and development, while maintaining respect for its traditional Emirati past. The total project value is AED 1.05 billion and is scheduled for completion in Q3 2012. 

Watani (Abu Dhabi) 

As previously announced, Watani is Souroh’s first master–planned community dedicated to Emirati citizens and is located in Khalifa City ‘A,’ close to Al Raha Mall and the Abu Dhabi Golf Club and will comprise 1,372 luxury villas and 1,226 apartments. 

Construction on Watani which stretches across a total plot area of 1.9 million square metres is well underway. Developed over four phases, this residential community is being constructed to meet the standards and requirements of UAE nationals' families. The development will offer a superb range of amenities important to UAE nationals and will be integrated into a modern urban setting while maintaining traditional Emirati themes inside and out. Watani will be a community that contains villas and apartments, a retail area, community services, educational and medical facilities, public facilities, open spaces and beautiful landscaping. The total project value is AED 5.4 billion and phase 1 and 2 are scheduled for completion by the end of 2012.