Page 102 - SOL Properties PR Report - September 2024

SOL Properties eyes AED 12bn sales from new development projects - Mubasher Info

SOL Properties eyes AED 12bn sales from new development

projects

18 September 2024 02:56 PM

UAE - Mubasher: SOL Proper es launched a series of high-end projects with an
an cipated gross development value (GDV) of AED 12 billion in the next six months,
according to a press release.

The development schemes are expected to anchor the UAE real estate market,
reflec ng new standards for luxury and efficiency, while contribu ng to the Gulf

country’s overall economic growth.

SOL Proper es, a leading real estate developer in the UAE and the premier real estate
development arm of the Bha a Group, has acquired 4 million sq. . of prime land for
ultra-luxury projects and affordable luxury projects.

They include a new esteemed project in the West Crescent of Palm Jumeirah and the
pres gious Fairmont Residences Solara Tower Downtown Dubai at a combined value of

AED 8.20 billion.

Ajay Bha a, Founder and CEO of SOL Proper es, said: “As we strive to exceed the
projected GDV and align our objec ves with an evolving sector and changing market
preferences, we are excited about our forthcoming projects and plans.”

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