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The Gate Towers, Shams Abu Dhabi |
Sorouh Real Estate, Abu Dhabi's second largest master developer, has decided to revise payment schedules at its Gate Towers project to help investors amid the property slowdown. The real estate developer said that it would also meet investors to discuss possible price reviews of units.
A statement by Sorouh said, "The customer initiative is a result of the company's ongoing strategy to respond to the market, support its customers and share construction cost savings on its flagship project located on Reem Island."
The Gate Towers, a mixed-use real estate project, is part of the Gate District, which is located at the entrance to the $25 billion worth Shams Abu Dhabi, the area of Reem Island being developed by Sorouh Real Estate. Piling work has completed on 3 towers on its Gate project and work has been handed over to the main contractor.
