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Sorouh Rolls Out Rental Promotion For Sun Tower

Abu Dhabi, 26 November 2011 // Sorouh Real Estate Company PJSC (“the Company” or “Sorouh”), the Abu Dhabi-based real estate developer (ADX: SOROUH), has announced a new rent promotion which entitles tenants of Sun tower who sign their lease agreements during December 2011 to the option of either 10% cash back or a period of six weeks rent-free. The four-week campaign will provide an opportunity for more people to enjoy the new capital lifestyle through this limited and exclusive offer.  

Following the handover of the new Sun and Sky towers earlier this year, which are part of Sorouh’s Shams Abu Dhabi master development on Al Reem Island, Sorouh extends this rent promotion to accommodate the high demand for affordable apartments in the new down-town area. The offer is inclusive of service charges and with no additional leasing or property management fees. This initiative comes as part of Sorouh’s focused strategy to help customers meet their leasing requirements. The offer will include Sorouh’s available inventory in Sun Tower, which consist of 2+1 bedroom apartments as well as 3-bedroom apartments with panoramic views of the Arabian Gulf and the Abu Dhabi skyline.

Paul Middleton, Executive Director Sales and Marketing of Sorouh said:

“We expect this rental campaign to generate even greater awareness and interest in Sun and Sky on Shams Abu Dhabi, through our continued focus on delivering innovative financial solutions to our customers. Sorouh was the first developer to offer customers a rent-to-own proposition in Abu Dhabi, which has been a huge success and has helped to stimulate the market.

“Sun and Sky is really taking shape and we have over 660 families living there and companies about to start operating from Sky following their fit-outs.  We look forward to welcoming new tenants to this thriving community”.

Residents taking space in Sun and Sky towers will be able to enjoy a variety of upscale amenities and facilities including gymnasiums with a ladies-only facility, and an open-air leisure deck above the podium which offers three swimming pools, a jacuzzi, sauna and steam rooms, tennis courts, a yoga lawn and children’s play areas. This is in addition to a range of cafés and restaurants as well as access to BOUTIK, the towers’ retail mall, which will house the leading supermarket chain Waitrose.

Sun and Sky towers are landmark projects both for Sorouh and for the city, as they are also the first ‘Grade A’ buildings to be delivered in Abu Dhabi’s new investment zone on Al Reem Island.  The 74-storey Sky Tower and 65-Storey Sun Tower are the two tallest buildings in Shams Abu Dhabi on Al Reem Island, and the highest completed buildings in Abu Dhabi. The two towers represent a new style of living in the capital and comprise a mixture of commercial and residential space, creating the perfect mix for people living and working in the towers.

 

About Sorouh Real Estate PJSC

Abu Dhabi-based Sorouh Real Estate PJSC is one of the UAE’s leading property companies.

As part of Sorouh’s partnership with the Abu Dhabi Government in its Plan 2030, the Company has been awarded the contract to master plan three investment zones in Abu Dhabi – Lulu Island; Shams Abu Dhabi on Al Reem; and Seih Sdeirah, the site of the alghadeer development.

Established in June 2005 with capital of AED 2.5bn, Sorouh is now one of the largest real estate developers listed on the Abu Dhabi Securities Exchange.

 
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