SOL Properties Announces AED 12 Billion Real Estate Projects, Bolstering UAE's Market Growth

SOL Properties, the real estate development arm of Bhatia Group, has announced the launch of a series of ultra-luxury and affordable luxury projects with an anticipated Gross Development Value (GDV) of AED 12 billion. These projects, set to be launched over the next six months, are poised to enhance the UAE's real estate landscape, offering new standards in luxury and efficiency while contributing to the nation’s economic growth.

SOL Properties, under the leadership of Ajay Bhatia, Chairman of Bhatia General Contracting and CEO of SOL Properties, is building on the 50-year legacy of the Bhatia Group. The company has secured 4 million sq. ft. of prime land to develop these projects, which include ultra-luxury developments such as the West Crescent on Palm Jumeirah and the Fairmont Residences Solara Tower in Downtown Dubai, valued at AED 8.2 billion.

Additionally, SOL Properties recently completed and sold out the Oakley Square Residences in Jumeirah Village Circle (JVC), highlighting the developer’s commitment to meeting market demand for high-quality, affordable luxury residences. The company’s landbank includes key locations such as JVC, Jumeirah Village Triangle (JVT), and Abu Kadra, offering significant future project potential.

Ajay Bhatia emphasized the developer’s mission to uphold its legacy of excellence, stating, “Through each project, we strive to exceed the projected GDV and align with the evolving market while maintaining our long-standing commitment to quality and innovation.”

With over 250 projects in its portfolio, Bhatia Group continues to play a vital role in shaping the UAE's real estate sector, driving growth in related industries such as construction and services.