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Sorouh Real Estate PJSC, one of Abu Dhabi’s leading master-planners and developers, confirmed today that construction of its master-planned community at alghadeer remains fully on schedule, following ground-breaking in October 2008, with the first show villas nearing completion.
The company described alghadeer, a community for 18,000 residents lying between Abu Dhabi and Dubai, as a “strategic priority” following the granting of Investment Zone status to the project during 2008.
Mounir Haidar, Chief Executive Officer of Sorouh Real Estate PJSC, said:
“Abu Dhabi’s Investment Zones are strategically important to the development of the Emirate and offer serious and significant opportunities to real estate developers.
“We have been progressing full speed ahead at SHAMS Abu Dhabi on Reem Island, also an Investment Zone, and the same is true at alghadeer, which we regard as a strategic priority for the company.
“We broke ground in October and infra works are well underway. Our show villas will shortly be open to the public and enabling work is progressing.
Our sales and fund-raising activities during 2008 gave is strong cash reserves to fund development in 2009 and alghadeer is one of the major strategic projects on which Sorouh is focusing on.”
Work started at alghadeer in early October 2008, and when completed in late 2012, it will be home to 18,000 residents. More than 6,000 homes will be constructed within the six villages that make up alghadeer - Baraha, Liwa, Falaj and Khaleej and the central villages of Buhayra and Khubaira.
Residents will enjoy access to facilities including seven mosques, two kindergartens, two primary schools, a private international school, two secondary schools, sports clubs, community centres, retail outlets, numerous restaurants and cafés and cinemas, all surrounded by lush green parks and walkways. alghadeer will also contain a hotel with facilities overlooking alghadeer lake.
Located just 40 minutes from Abu Dhabi, and 30 minutes from the heart of Dubai, alghadeer is positioned close to some of the UAE’s most significant new industrial zones and facilities, including the Khalifa Port and Industrial Zone, Jebel Ali Free Zone, Abu Dhabi International Airport and Dubai World Central.
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