Sorouh says Shams delivery on schedule

Sorouh Real Estate yesterday confirmed that its Dh25bn master development Shams Abu Dhabi projects on Al Reem Island are moving forward on schedule for delivery starting mid-2010.

The master developer is also responsible for developing the Sun and Sky Towers and Shams Gate on Shams Abu Dhabi.

"Good progress continues to be made at Shams Gate. The Sun and Sky Towers are nearing handover and the first residents are due to start moving in as soon as June or July. Infrastructure being developed on the surrounding land remains on track and will be completed in time for the handover," said the statement from the developer.

The Gate Towers – the four towers that form part of Shams Gate – are rising steadily by approximately one floor every 10 days. Towers 1, 2 and 3 have risen to levels 21, 17 and 13 respectively. The Arc, which also forms part of the Gate Towers, is above ground and the basement is complete. The Gate Towers is due for completion in 2012.

The retail podium, which is close to 70 per cent pre-leased to premium retail brands, will be completed in tandem with the Sun and Sky towers and is due to open to the public in the fourth quarter of this year once the towers have sufficient residents. Sorouh added more than 10 sub-developers have commenced construction on their plots.

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