Page 105 - SOL Properties PR Report - September 2024

News | dayofdubai.com

SOL Proper es Announces AED 12 Billion Real Estate

Projects, Bolstering UAE's Market Growth

SOL Proper es, the real estate development arm of Bha a Group, has announced the launch of a series of
ultra-luxury and affordable luxury projects with an an cipated Gross Development Value (GDV) of AED 12
billion. These projects, set to be launched over the next six months, are poised to enhance the UAE's real

estate landscape, offering new standards in luxury and efficiency while contribu ng to the na on’s
economic growth.

SOL Proper es, under the leadership of Ajay Bha a, Chairman of Bha a General Contrac ng and CEO of SOL
Proper es, is building on the 50-year legacy of the Bha a Group. The company has secured 4 million sq. .
of prime land to develop these projects, which include ultra-luxury developments such as the West Crescent

on Palm Jumeirah and the Fairmont Residences Solara Tower in Downtown Dubai, valued at AED 8.2
billion.

Addi onally, SOL Proper es recently completed and sold out the Oakley Square Residences in Jumeirah
Village Circle (JVC), highligh ng the developer’s commitment to mee ng market demand for high-quality,

affordable luxury residences. The company’s landbank includes key loca ons such as JVC, Jumeirah Village
Triangle (JVT), and Abu Kadra, offering significant future project poten al.

Ajay Bha a emphasized the developer’s mission to uphold its legacy of excellence, sta ng, “Through each
project, we strive to exceed the projected GDV and align with the evolving market while maintaining our
long-standing commitment to quality and innova on.”

With over 250 projects in its por olio, Bha a Group con nues to play a vital role in shaping the UAE's real

estate sector, driving growth in related industries such as construc on and services.

https://www.dayofdubai.com/news/sol-properties-announces-aed-12-billion-real-estate-projects-bolstering-uaes-market-growth 2/2