Page 131 - SOL Properties PR Report - September 2024

SOL Properties Announces Upcoming Projects Worth Dh12 Billion

SOL Proper es Announces Upcoming Projects Worth

Dh12 Billion

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9/17/2024 3:23:09 PM

(MENAFN- Khaleej Times) SOL Proper es, a leading Real estate developer in the UAE and the 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 Dh12 billion in the next six months. These
projects are expected to significantly impact the UAE real estate market.

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 project in the West Crescent of Palm Jumeirah

and the Fairmont Residences Solara Tower Downtown Dubai. Combined, these two projects are valued
at Dh8.2 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 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

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