Developers Sorouh Real Estate and Tameer Holding Investment said on Tuesday they had dissolved joint ventures on two real estate projects in Abu Dhabi.

Dubai-based property company Tameer will have full ownership of the Rise Above project and Sorouh will have a 100% stake in Gate Towers, which are both located at the Shams development on Al Reem Island, near Abu Dhabi.

The Gate Towers project will form the centrepiece of the 8m sq ft Gate District - due for completion in 2012 - which will mark the entrance to Al Reem Island.

arabianbusiness.com