Abu Dhabi-based Sorouh Real Estate Company has been awarded two new contracts by the Urban Planning Council (UPC) to build residential units for UAE nationals. 

These two contracts together comprise a total of 1,470 quality villas to be delivered over the next two years, with a combined total project value of Dh2.89 billion ($786.81 million).

The new projects, in Al Ghuraibah (Al Ain) and Al Sila’a (Western Region), will be developed in line with UPC’s 2030 master plans and guidelines.

These developments shall comprise high quality residential units, which will demonstrate an evolved level of urban planning and will be built in the traditional Emirati 'Fareej' style.

Meanwhile, the funding of the second phase of the Watani project comprising 400 units was also signed today.

This follows the success of phase one which was awarded to the company during Cityscape Abu Dhabi 2010. This was Sorouh’s first master planned Emirati community project and is located close to Abu Dhabi Golf Club.

Considerable progress has already been made at Watani for both phases 1 and 2, which is being developed over four phases with a total project value of Dh5.4 billion, a company statement said.

Saeed Eid Al Ghafli, chairman of Sorouh, said: “It is a great honour to have been awarded these highly prestigious new projects which form a critical component of Abu Dhabi’s Vision2030. By making significant progress on Watani, Sorouh has earned the trust of the Government of Abu Dhabi to further master develop high quality residential communities for UAE nationals.

“These exciting new projects allow Sorouh to diversify its revenue streams by utilising the skills, the expertise, and the proven track record required to deliver these projects. These projects are focused on providing sustainable communities specifically designed to address the needs of Emirati families by providing high quality housing set in traditional style living environments.”  - TradeArabia News Service