Sorouh to deliver 2,500 homes by 2012

Abu Dhabi developer Sorouh Real Estate plans to deliver 2,500 new homes in Abu Dhabi by the end of 2012, the company's chief operating officer said in remarks on Wednesday.

The emirate's second-largest developer my market value will begin handing over homes in the first quarter of 2011 and is focusing on delivering existing developments near completion to generate rental revenues, Gulf News reported Gurjit Singh as saying.

"We are focused on the longer-term income portfolios which will have a multiplier effect in consolidating income for the company," Singh said.

Earlier this month Sorouh reported a 68 per cent fall in profit to Dh59.3m ($16.15m), compared with Dh187.3m in the year-ago period.

Developers across the UAE have suffered the impact of the global financial crisis

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