Page 8 - SOL Properties PR Report - October 2024

Integrating Innovation and Sustainability: Insights from SOL Properties’ Ajay Bhatia
Integra ng Innova on and Sustainability: Insights from SOL Proper es’

CEO Ajay Bha a

Ajay Bhatia, Founder and CEO of SOL Properties, emphasises that the future of real estate is
defined by a balance of sophistication, sustainability, and cutting-edge innovation
October 14, 2024 | Staff Reporter | UAE | Developers

SHARE

In UAE’s real estate market, the seamless blend of sustainability, luxury and innovation is no longer a trend; rather,
it’s an imperative. As discerning elites heighten their standards of opulence, comfort, and longevity, the industry is
taking a stronger stance to redefine its practices with environmentally conscious and future-proof solutions.

Industry reports indicate that the country’s real estate market is projected to reach a staggering value of USD 0.71
trillion in 2024. Additionally, a steady annual growth rate of 3.03% is expected between 2024 and 2028.

Key Highlights

The UAE's real estate market is projected to reach USD 0.71 trillion by 2024, with steady growth expected
thereafter
Wealthy buyers are prioritising sustainable living spaces that reflect their values, moving away from
traditional notions of luxury as mere extravagance
Developers are adopting eco-friendly materials, energy-efficient systems, and renewable energy sources to
minimise carbon footprints while maintaining luxury standards
Innovations like smart home features are enhancing the functionality and aesthetic appeal of luxury
properties

https://www.remtimes.com/blogs/thought-leadership/integrating-innovation-and-sustainability-insights-from-sol-properties-ceo-ajay-bhatia.php 1/3