Page 107 - SOL Properties PR Report - September 2024

SOL Properties announces Dhs12 billion projects in UAE
SOL Proper es expansion

The ambi ous expansion builds on the 50-year legacy that the Bha a Group has upheld in the UAE,

establishing itself as a pioneering force in Dubai’s property development and construc on sector, driven

by the dis nc ve vision of Ajay Bha a, Chairman of Bha a General Contrac ng, and Founder and CEO of

SOL Proper es.

The an cipated growth and recent achievements of SOL Proper es are a testament to Bha a Group’s

commitment to architectural excellence and crea ve ingenuity.

SOL Proper es has acquired 4 million sq. . of prime land for ultra-luxury projects and affordable luxury

projects.

The ultra-luxury developments include a new esteemed project in the West Crescent of Palm Jumeirah

and the pres gious Fairmont Residences Solara Tower Downtown Dubai. Combined, these two projects

are valued at Dhs 8.2 billion.

Moreover, SOL Proper es recently completed and handed over the affordable luxury project, Oakley

Square Residences in JVC, which has been fully sold. The project’s successful comple on underscores the

developer’s unwavering commitment to delivering high-quality residences that align with market

demand.

Developer’s landbank

The developer’s landbank includes plots across major loca ons in the country with 2 million sq. . in

flourishing areas such as Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), along with a

500,000 sq. . plot in Abu Kadra. These purchases boost SOL Proper es’ poten al to build more

significant projects in the future and expand their presence in the UAE’s most sought-a er loca ons while
mee ng the evolving market trends and consumer demands.

Ajay Bha a said: “At SOL Proper es, our real estate development strategies go beyond acquiring prime

lands as we seek to develop our own projects, which further underscores our 50-year-long legacy of trust,

excellence and integrity under Bha a Group. Over the years, we have closely witnessed the UAE’s growth

and have progressed along with the country by contribu ng towards its development. Our legacy, which
is the hard work of our team of experts over the years, is reflected through our projects developed for

both government agencies and private clients. 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. Through each project, we seek to uphold our longstanding legacy in the

https://dubainewsweek.com/sol-properties-announces-dhs12-billion-projects-in-uae/ 2/3