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Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 
Banks Jostle for Roles in Abu Dhabi Property Merger

Banks Jostle for Roles in Abu Dhabi Property Merger

Abu Dhabi eyeing merger of developers Aldar, Sorouh; Advisory mandate for merger seen imminent – banker; Bankers trying to build inroads with cash-rich Abu Dhabi

April 3, 2012 5:05
 
Abu Dhabi tries merger to end property mess

Abu Dhabi tries merger to end property mess

With Abu Dhabi trying a new property bailout tack with the potential Aldar-Sorouh merger, will consolidation be enough to fix the capital’s ailing property market?

March 12, 2012 3:10
 
Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.

March 12, 2012 1:40
 
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