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The developer has a landbank of 4 million sq. for ultra-luxury and inexpensive luxurious initiatives.
The current achievement of the developer mirrors its adherence to core rules upheld by Bhatia Group.
The initiatives 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 improvement arm of the Bhatia Group, introduced the launch of a sequence of high-end initiatives with an anticipated Gross Growth Worth (GDV) of AED 12 billion within the subsequent six months. These initiatives are anticipated to considerably impression the UAE actual property market, setting new requirements for luxurious and effectivity, whereas contributing to the nation’s total financial development.
The bold growth builds on the 50-year legacy that the Bhatia Group has upheld within the UAE, establishing itself as a pioneering pressure in Dubai’s property improvement and building sector, pushed by the distinctive imaginative and prescient of Ajay Bhatia, Chairman of Bhatia Common Contracting, and Founder and CEO of SOL Properties. The anticipated development 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 initiatives and inexpensive luxurious initiatives. The ultra-luxury developments embody a brand new esteemed mission within the West Crescent of Palm Jumeirah and the distinguished Fairmont Residences Solara Tower Downtown Dubai. Mixed, these two initiatives are valued at AED 8.2 billion.
Furthermore, SOL Properties just lately accomplished and handed over the inexpensive luxurious mission, Oakley Sq. Residences in JVC, which has been absolutely bought. The mission’s profitable completion underscores the developer’s unwavering dedication to delivering high-quality residences that align with market demand.
The developer’s landbank consists of plots throughout main places within the nation with 2 million sq. ft. in flourishing areas equivalent to Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), together with a 500,000 sq. ft. plot in Abu Kadra. These purchases increase SOL Properties’ potential to construct extra vital initiatives sooner or later and increase their presence within the UAE’s most sought-after places whereas assembly the evolving market traits and shopper calls for.
Ajay Bhatia stated: “At SOL Properties, our actual property improvement methods transcend buying prime lands as we search to develop our personal initiatives, which additional underscores our 50-year-long legacy of belief, excellence and integrity underneath Bhatia Group. Over time, we now have carefully witnessed the UAE’s development and have progressed together with the nation by contributing in the direction of its improvement. Our legacy, which is the laborious work of our group of specialists over time, is mirrored via our initiatives developed for each authorities companies and personal shoppers. As we attempt to exceed the projected GDV and align our aims with an evolving sector and altering market preferences, we’re enthusiastic about our forthcoming initiatives and plans. By means of every mission, we search to uphold our longstanding legacy within the trade by adhering to the best high quality and modern requirements, additional delivering distinctive worth to the nation.”
With a portfolio of over 250 transformative initiatives, Bhatia Group has secured a distinguished place within the trade for its mission planning and building, environmental impression evaluation, design and security administration. By means of the ultra-luxury initiatives, 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 equivalent to building and companies.
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