Sorouh opens the Gate on super tall Sky Tower deal
Latest tower to be announced in Abu Dhabi will form centrepiece of development on Al Reem Island
Construction is set to start on an 83-storey mega tower, which will form part of Sorouh Real Estate’s US $2.7 billion (AED10 billion) Gate project in Abu Dhabi.
It is the latest in a clutch of tower-based mega projects to be unveiled in the emirate in recent weeks.
Plans for the 379m Sky Tower — which is set to rank among the world’s top 15 tallest towers — were drawn up by US firm, Arquitectonica.
A total of eight towers will be built in the Gate development, part of the Al Reem Islands Shams Abu Dhabi project.
The piling contract has already been put to tender.
“We are looking at different ways to attract local and foreign contractors, and we think we’ll be successful,” said Mounir Haider, CEO of Sorouh Real Estate.
“The distinctive elliptical shape of Sky Tower has
been designed to reduce wind resistance and soften its dominance over the development. Construction will begin early this month, and comprise the first phase of this eight tower development.”
Sky Tower will be divided into residential apartments on the top floors and commercial space on the lower floors.
The $7 billion Shams Abu Dhabi development will include a series of themed communities linked by waterways and an urban transport system. The entire project has been earmarked for completion in 2011.
“Shams Abu Dhabi is the cornerstone of Sorouh’s property development activities and the Gate will set the standard for all developments to follow,” said Saeed Eid Al Ghafli, chairman of Sorouh.
“It will include a core of residential buildings, supported by commercial, institutional, recreational and healthcare facilities as well as the hotel sector.”
Shams Abu Dhabi is the property developer’s second major project since its launch in August last year.
Designs for its proposed Lulu Island development, which will host a range of residential, commercial, health and recreational facilities, were approved in March.
And the announcement follows the launch last week of Najmat Abu Dhabi, an $8 billion residential and commercial development, by Al Reem Investments. The project will also be developed on the Al Reem Islands plot.