Page 110 - SOL Properties PR Report - September 2024

SOL Properties announces upcoming projects with anticipated AED 12 billion GDV, elevating country’s real estate market | U…
The developer has a landbank of 4 million sq. . for ultra-luxury and
affordable luxury projects
The recent achievement of the developer mirrors its adherence to core
principles upheld by Bha a Group
The projects are slated to be launched in the next six months

September 17, 2024: SOL Proper es, a leading real estate developer in
the UAE and the premier real estate development arm of the Bha a
Group, announced the launch of a series of high-end projects with an
an cipated Gross Development Value (GDV) of AED 12 billion in the next
six months. These projects are expected to significantly impact the UAE
real estate market, se ng new standards for luxury and efficiency, while
contribu ng to the country’s overall economic growth.

Advertisement

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 AED 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.

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

https://uaenews247.com/2024/09/19/sol-properties-announces-upcoming-projects-with-anticipated-aed-12-billion-gdv-elevating-countrys-real-esta… 2/3