Page 117 - SOL Properties PR Report - September 2024

Dubai real estate: SOL announces AED12bn project pipeline - Construction Week Online
Dubai real estate: SOL announces AED12bn

project pipeline

by Staff Writer September 17, 2024 05:45 PM GST SHARE

SOL Properties, a real estate developer in the UAE and the real estate
development arm of the Bhatia Group, has announced the launch of a
series of high-end projects with an anticipated gross development value
(GDV) of $3.26 billion (AED12 billion) in the next six months.

SOL Properties has acquired 372,000 square metres of prime land for ultra-luxury
projects and affordable luxury projects, which are expectede to be launched in the next
six months.

The ultra-luxury developments include a new project in the West Crescent of Palm
Jumeirah and the Fairmont Residences Solara Tower Downtown Dubai. Combined,
these two projects are valued at $2.23 billion (AED8.2 billion).

Moreover, SOL Properties recently completed and handed over the affordable luxury
project, Oakley Square Residences in Jumeirah Village Circle (JVC), which has been
fully sold.

The developer’s landbank includes plots across major locations in the country with
186,000 m2 in areas such as JVC, Jumeirah Village Triangle (JVT), along with a
46,000 m2 plot in Abu Kadra.

https://www.constructionweekonline.com/projects-tenders/dubai-real-estate-sol-announces-aed12bn-project-pipeline 1/2