SOL Properties' AED 12 Billion Projects Boost UAE Real Estate

SOL Properties, a prominent real estate developer in the UAE and the leading development arm of the Bhatia Group has announced the launch of a series of high-end real estate projects. These developments are expected to bring a Gross Development Value (GDV) of AED 12 billion within the next six months. These luxury-focused ventures are poised to reshape the UAE real estate market, introducing cutting-edge standards for luxury and efficiency while contributing to the nation's economic growth.

Building on a 50-Year Legacy of Excellence

This ambitious expansion is built on the 50-year heritage of the Bhatia Group, a pioneering entity in Dubai’s property development and construction industry. Guided by the vision of Ajay Bhatia, Chairman of Bhatia General Contracting and Founder and CEO of SOL Properties, the group continues to lead with architectural innovation. The recent successes and expected growth of SOL Properties underscore the Bhatia Group's dedication to creative ingenuity and architectural excellence.

Acquisition of Prime Land for Ultra-Luxury and Affordable Projects

SOL Properties has secured 4 million square feet of premium land for both ultra-luxury and affordable luxury projects. Among these are a prestigious development on Palm Jumeirah’s West Crescent and the Fairmont Residences Solara Tower in Downtown Dubai, with a combined value of AED 8.2 billion. In addition, the company recently completed Oakley Square Residences in Jumeirah Village Circle (JVC), an affordable luxury project that has sold out, reflecting SOL Properties’ commitment to delivering high-quality homes that cater to market demand.

Expanding Footprint with Strategic Landbank Acquisitions

The developer’s land holdings include key plots across major UAE locations, such as Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), and a 500,000 square foot plot in Abu Kadra. These acquisitions provide SOL Properties with the potential to develop more substantial projects in the future, solidifying their presence in the UAE’s most desirable areas. The company's ability to respond to evolving market trends and consumer preferences is enhanced by these strategic land purchases.

Ajay Bhatia said: “At SOL Properties, our real estate development strategies go beyond acquiring prime lands as we seek to develop our 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.”

Portfolio of Over 250 Projects

With a portfolio that exceeds 250 landmark projects, the Bhatia Group has secured a leading position in the construction and development industry. The Group excels in project planning, environmental impact assessments, design, and safety management. Through its ultra-luxury projects, land investments, and contributions from SOL Properties, the Bhatia Group plays a vital role in driving the UAE’s economy forward, generating new business opportunities and fostering growth in related sectors like construction and services.