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SOL Properties Secures AED 174 Million Sale of Solara Tower Sky Mansion

2025-11-25

SOL Properties, the development arm of the Bhatia Group, has announced the sale of the triplex sky mansion at Fairmont Residences Solara Tower in Downtown Dubai for AED 174 million — one of the highest-value residential transactions recorded in the Burj Khalifa district.

Located in one of the city’s most sought-after neighbourhoods, the property spans three upper floors of the 245-metre tower and includes two private swimming pools on different levels overlooking the Burj Khalifa. A private elevator connects directly from the arrival lobby to the residence, while a sky terrace adjoining the lower pool can host up to 200 guests. The upper-level pool is integrated seamlessly into the Royal Master Bathroom Suite, and a rooftop terrace at 275 metres provides panoramic views of Downtown Dubai, Dubai Fountain and the city skyline.

Founder and CEO Ajay Bhatia said the record-setting sale reaffirms Dubai’s position as a leading global luxury housing market and reflects strong investor confidence in high-end branded residences. He added that the project showcases the company’s commitment to innovative design, exclusivity and long-term value creation.

The transaction comes at a time when the UAE’s luxury residential market is expanding rapidly. The segment is projected to grow from USD 45.11 billion in 2025 to USD 70.91 billion by 2030 at a CAGR of 9.47 per cent. Apartments and condominiums account for over 53.2 per cent of the luxury real estate market and are expected to grow at 10.49 per cent CAGR.

The surge is supported by a rise in HNWIs relocating to the UAE, increasing demand for branded properties, and investor-friendly regulations such as long-term residency programmes. SOL Properties said the sale strengthens its position in the premium real estate segment and aligns with market momentum for world-class residential developments.

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