Page 121 - SOL Properties PR Report - September 2024

SOL Properties Announces Projects Worth AED12b
SOL Proper es Announces Projects Worth AED12b

The properties expected to significantly impact the UAE real estate market
September 18, 2024 | Staff Reporter | UAE | Developers

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SOL Properties, a UAE real estate developer and the real estate development arm of the Bhatia Group, announced
the launch of a series of high-end projects with an anticipated 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, setting new
standards for luxury and efficiency, while contributing to the country’s overall economic growth. The expansion builds
on the 50-year legacy that the Bhatia Group has upheld in the UAE, driven by the distinctive vision of Ajay Bhatia,
Chairman of Bhatia General Contracting, and Founder and CEO of SOL Properties.

Long-Standing Legacy

SOL Properties acquires 4 million sq ft for ultra-luxury and affordable luxury real estate project
Plots situated in areas such as JVC, JVT and Abu Kadra
The projects slated to be launched in the next six months

The developer has acquired 4 million sq. ft. of prime land for ultra-luxury projects and affordable luxury projects. The
ultra-luxury developments include a new project in the West Crescent of Palm Jumeirah and the prestigious
Fairmont Residences Solara Tower Downtown Dubai. Combined, these two projects are valued at AED 8.2 billion.

Moreover, SOL Properties recently completed and handed over the affordable luxury project, Oakley Square
Residences in JVC, which has been fully sold. The project’s successful completion underscores the developer’s
unwavering commitment to delivering high-quality residences that align with market demand. The developer’s
landbank includes plots across major locations in the country with 2 million sq ft in areas such as Jumeirah Village
Circle (JVC), Jumeirah Village Triangle (JVT), along with a 500,000 sq ft plot in Abu Kadra.

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