Page 119 - SOL Properties PR Report - September 2024

SOL Properties plans $3.27bn projects in Dubai

SOL Proper es plans $3.27bn projects in Dubai

DUBAI

Ajay Bha a

SOL Proper es, a leading real estate developer in the UAE and the premier real estate development arm of the Bha a Group,
has announced plans to launch a series of high-end projects with an an cipated gross development value (GDV) of AED12
billion ($3.27 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, said the company.

The ambi ous expansion builds on the 50-year legacy of the Bha a Group in the UAE. The company is a pioneering force in
Dubai’s property development and construc on sector, driven by the 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, it said.

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 development in the West Crescent of Palm Jumeirah and the pres gious Fairmont
Residences Solara Tower Downtown Dubai. Combined, these two projects are valued at AED8.2 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.

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