SOL Properties, the UAE based real estate developer, has announced new plans of projects having the GDV of AED 12 billion ($3. 3bn) that are to be launched in the next six months. These projects are to bring great changes in the UAE real estate market and continue to contribute to the UAE’s economic development.
The company has established itself under the SOL Properties with the Bhatia Group having fifty years of real estate background by procuring 4 million sq ft prime land the ultra-luxury and affordable luxury solutions. The major projects are a project in Palm Jumeirah’s West Crescent and Fairmont Residences Solara Tower in Downtown Dubai which are worth AED 8. 2 billion ($ 2. 2 billion).
SOL Properties has recently finished the Oakley Square Residences in JVC, an affordable luxury development not too long ago and shows that the brand aggressively caters to the market’s need for quality homes. The current developments include lands for sale in Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), Abu Kadra which the developer is set for further expansion.
Ajay Bhatia, the chairman of Bhatia General Contracting as well as the CEO of SOL Properties reiterated the firm’s intentions with regards to the focus on architecture and design. He said that projects the company is undertaking are embodiments of it’s trust and integrity built over a period of 50 years, that foster the growth of the UAE through partnerships with both the government and other private entities.
The expansion process of SOL Properties should act as a catalyst to the construction sector, and its allied housing industries, thereby cementing the company’s place in the UAE property market. Currently with over 250 identity transformation projects in its list, Bhatia Group remains at par in its standards and as a leading light in Dubai’s PropTech.
