Page 135 - SOL Properties PR Report - September 2024

SOL Properties announces upcoming projects with anticipated AED 12 billion GDV, elevating country’s real estate market - E…

SOL Properties announces upcoming projects with anticipated AED 12 billion

GDV, elevating country’s real estate market

SOL Properties, a leading real estate developer in the UAE and the premier 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 ambitious expansion builds on the 50-year legacy that the Bhatia Group has upheld in the UAE, establishing itself as a

pioneering force in Dubai’s property development and construction sector, driven by the distinctive 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.

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 esteemed 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 flourishing areas such as
Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), along with a 500,000 sq. ft. plot in Abu Kadra. These purchases

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