A renowned real estate firm from the UAE SOL Properties has declared launching a number of luxurious projects worth about AED12 billion (USD3.3 billion) over the next six months. These projects are anticipated to have a significant effect on the real estate sector in UAE and facilitate the countryβs economic development.
Ajay Bhatia-Led SOL Properties: A 50-Year Legacy in Dubai Development
In the leadership of Ajay Bhatia; the chairman of Bhatia General Contracting and also founder as well as CEO of SOL Properties, SOL Properties has been playing the most important role in the property development sector in Dubai after their parent company, Bhatia Group for over 50 years. The companyβs new accomplishments demonstrate this approach towards designing high quality buildings and doing them creatively.
SOL Properties has gained possession of 4 million square feet of prime land for ultra-luxury as well as affordable luxury projects. Among the ultra-luxury developments are two key projects on the West Crescent of Palm Jumeirah and Fairmont Residences Solara Tower in Downtown Dubai, which are worth AED8.2 billion (USD $2.2billion).
The developer has also recently finished and sold out its affordable luxury project Oakley Square Residences located in Jumeirah Village Circle (JVC) to demonstrate that they are committed towards producing housing units whose quality matches with what is needed in the market.
Additionally, SOL Properties has acquired 2 million square feet of land in crucial areas like JVC and Jumeirah Village Triangle while also acquiring another 500,000 square feet in Abu Kadra thereby increasing the opportunity for growth in their assets and catering for changing trends.
Ajay Bhatia added that the company is devoted to providing innovative and high-quality projects, strengthening its legacy of trustworthiness, mastery and incorruptibility. Currently, SOL Properties has more than 250 transformative projects within her portfolio; hence continues to impact the economy of UAE through creating opportunities while supporting the construction and service related sectors.
