Page 96 - SOL Properties PR Report - September 2024

Press Release

Reflecting its long-standing legacy in UAE

SOL Properties announces upcoming projects with anticipated AED 12

billion GDV, elevating country’s real estate market

• The developer has a landbank of 4 million sq. ft. for ultra-luxury and affordable

luxury projects

• The recent achievement of the developer mirrors its adherence to core principles
upheld by Bhatia Group

• The projects are slated to be launched in the next six months

September 17, 2024: 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