- The developer has a landbank of 4 million sq. for ultra-luxury and reasonably priced luxurious tasks.
- The current achievement of the developer mirrors its adherence to core rules upheld by Bhatia Group.
- The tasks are slated to be launched within the subsequent six months.
SOL Properties, a number one actual property developer within the UAE and the premier actual property growth arm of the Bhatia Group, introduced the launch of a collection of high-end tasks with an anticipated Gross Development Value (GDV) of AED 12 billion within the subsequent six months. These tasks are anticipated to considerably affect the UAE actual property market, setting new requirements for luxurious and effectivity, whereas contributing to the nation’s total financial progress.
The formidable enlargement builds on the 50-year legacy that the Bhatia Group has upheld within the UAE, establishing itself as a pioneering power in Dubai’s property growth and building sector, pushed by the distinctive imaginative and prescient of Ajay Bhatia, Chairman of Bhatia General Contracting, and Founder and CEO of SOL Properties. The anticipated progress and up to date achievements of SOL Properties are a testomony to Bhatia Group’s dedication to architectural excellence and inventive ingenuity.
SOL Properties has acquired 4 million sq. ft. of prime land for ultra-luxury tasks and reasonably priced luxury projects. The ultra-luxury developments embody a brand new esteemed challenge within the West Crescent of Palm Jumeirah and the celebrated Fairmont Residences Solara Tower Downtown Dubai. Combined, these two tasks are valued at AED 8.2 billion.
Moreover, SOL Properties just lately accomplished and handed over the reasonably priced luxurious challenge, Oakley Square Residences in JVC, which has been absolutely offered. The challenge’s profitable completion underscores the developer’s unwavering dedication to delivering high-quality residences that align with market demand.
The developer’s landbank contains plots throughout main areas within the nation with 2 million sq. ft. in flourishing areas akin to Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), together with a 500,000 sq. ft. plot in Abu Kadra. These purchases enhance SOL Properties’ potential to construct extra important tasks sooner or later and increase their presence within the UAE’s most sought-after areas whereas assembly the evolving market developments and client calls for.
Ajay Bhatia stated: “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.”
With a portfolio of over 250 transformative tasks, Bhatia Group has secured a distinguished place within the trade for its challenge planning and building, environmental affect evaluation, design and security administration. Through the ultra-luxury tasks, investments and land acquisitions of SOL Properties, the Group considerably contributes to the UAE’s thriving financial system by creating new alternatives and stimulating associated industries akin to building and companies.