Page 148 - SOL Properties PR Report - September 2024

Latest News
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 esteemed project in the West Crescent of Palm Jumeirah and the

pres gious Fairmont Residences Solara Tower Downtown Dubai. Combined, these two projects are valued at AED
8.2 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.
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.”
With a por olio of over 250 transforma ve projects, Bha a Group has secured a dis nguished posi on in the

industry for its project planning and construc on, environmental impact assessment, design and safety
management. Through the ultra-luxury projects, investments and land acquisi ons of SOL Proper es, the Group
significantly contributes to the UAE’s thriving economy by crea ng new opportuni es and s mula ng related

industries such as construc on and services.
-ends-

About Bha a Group
Established in 1975, Bha a General Contrac ng is a pioneering contractor in the UAE. With a robust presence in

both public and private sectors, the company has a por olio of over 250 projects that includes residen al and
commercial buildings, industrial developments and villas. Over the years, the company has set a dis nguished

iden ty for its commitment towards delivering quality construc on across projects of diverse sizes. A ribu ng to
its 50 years of experience, the company has been able to successfully develop an enduring rela onship with clients,
architects and partners that is defined by mutual trust and respect. The company’s steadfast commitment to

excellence, safety and integrity is another key factor in its success. Bha a General Contrac ng adheres to Corporate
Social Responsibility (CSR) and environmental stewardship to posi on itself as one of the most trusted partners in

the UAE’s con nuous developmental journey.
About SOL Proper es
Founded in 2004 under the patronage of the Bha a Group, SOL Proper es is a dis nguished leader in the UAE's

real estate sector, renowned for its luxury property developments. Over the past 20 years, SOL Proper es has

https://www.arabbnews.com/english/Latest-News.asp?id=17655 2/3