Page 129 - SOL Properties PR Report - September 2024

SOL Properties plans $3.27bln projects in Dubai
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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.

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, it said.

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 industry by adhering to the highest quality and

innova ve standards, further delivering excep onal value to the country.”

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