Sorouh launches Dh3.5b Saraya Abu Dhabi

Dubai: Sorouh Real Estate, Abu Dhabi's leading real estate development company, yesterday launched Saraya Abu Dhabi, a new Dh3.5 billion mixed use development in Abu Dhabi city.

The 30-tower residential and commercial project is located on the eastern part of the Corniche road towards Mina, next to the Corniche Hospital, overlooking the Lulu Island and the Gulf.

The 30 towers of Saraya will include residential and commercial buildings ranging from 10 to 40 stories, serviced apartments and a hotel, spread over an area of 125,000 square meters. Sorouh also unveiled a model of 'Saraya', the Arabic word meaning 'palace'.

Work on the Saraya project will begin by the end of this month and will be completed by 2013. The first phase of the project, lasting 18 months, will focus on building the infrastructure support for the community including roads and sewerage facilities. Construction of the towers will be completed in two phases, in 2010 and 2013.

Saeed Eid Al Ghafli, Sorouh's chairman, said that Saraya Abu Dhabi will be yet another project that will deliver the corporate promise of 'life in perfect balance' to residents and other users.

"The community at Saraya Abu Dhabi will enjoy excellent views of the Lulu Island, the corniche and the sea. At Saraya, we have walked the extra mile to leverage the location advantage, and working closely with our architects, we have made sure that each plot is specially positioned to maximise its views off the Arabian Gulf," Al Ghafli said.

Designed by PTW Architects of Australia, the Saraya master plan achieves a high level of open space, and a series of parkland areas that are punctuated by smaller urban civic spaces, formal water bodies, playgrounds, picnic areas, family areas, mediation and exercise spaces and a full network of walkways and jogging traits.

Saraya Abu Dhabi is the latest of several projects announced by Sorouh since its launch in September 2005.