Page 133 - SOL Properties PR Report - September 2024

DXB Rest

SOL Properties plans $3.27bln projects in

Dubai

FOR INQUIRIES WEDNESDAY، 18 SEPTEMBER 2024

S Dubai United Arab Emirates
UAE - SOL Properties, a leading real estate developer in the UAE and the premier real estate
development arm of the Bhatia Group, has announced plans to launch a series of high-end
projects with an anticipated 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, setting new
standards for luxury and efficiency, while contributing to the country’s overall economic growth,
said the company.
The ambitious expansion builds on the 50-year legacy of the Bhatia Group in the UAE. The
company is a pioneering force in Dubai’s property development and construction sector, driven
by the vision of Ajay Bhatia, Chairman of Bhatia General Contracting, and Founder and CEO of
SOL Properties. The anticipated growth and recent achievements of SOL Properties are a
testament to Bhatia Group’s commitment to architectural excellence and creative ingenuity, it
said.
SOL Properties has acquired 4 million sq ft 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 prestigious Fairmont Residences Solara Tower Downtown Dubai.
Combined, these two projects are valued at AED8.2 billion.

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