Page 142 - SOL Properties PR Report - September 2024

SOL Properties announces upcoming projects with anticipated AED 12 billion GDV - Middle East News 247
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 boost SOL Properties’ potential to build more significant
projects in the future and expand their presence in the UAE’s most sought-after locations while meeting the
evolving market trends and consumer demands.

Ajay Bhatia said: “At SOL Properties, 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 Bhatia Group. Over the years, we have closely witnessed the UAE’s growth

and have progressed along with the country by contributing 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 objectives
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 innovative standards, further delivering exceptional value to the country.”

With a portfolio of over 250 transformative projects, Bhatia Group has secured a distinguished position in the
industry for its project planning and construction, environmental impact assessment, design and safety
management. Through the ultra-luxury projects, investments and land acquisitions of SOL Properties, the
Group significantly contributes to the UAE’s thriving economy by creating new opportunities and stimulating

related industries such as construction and services.

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