Page 151 - SOL Properties PR Report - September 2024

Reflecting its long-standing legacy in UAE SOL Properties announces upcoming projects with anticipated AED 12 billion GDV,…
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

boost SOL Properties’ potential to build more significant projects
in the future and expand their presence in the UAE’s most

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