SOL Properties Announces Projects Worth AED12b

The properties expected to significantly impact the UAE real estate market

SOL Properties, a UAE real estate developer and the 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 expansion builds on the 50-year legacy that the Bhatia Group has upheld in the UAE, driven by the distinctive vision of Ajay Bhatia, Chairman of Bhatia General Contracting, and Founder and CEO of SOL Properties.

Long-Standing Legacy

• SOL Properties acquires 4 million sq ft for ultra-luxury and affordable luxury real estate project
• Plots situated in areas such as JVC, JVT and Abu Kadra
• The projects slated to be launched in the next six months

The developer has acquired 4 million sq. ft. of prime land for ultra-luxury projects and affordable luxury projects. The ultra-luxury developments include a new 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 areas such as Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), along with a 500,000 sq ft plot in Abu Kadra.

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.”