SOL Properties Unveils $600 Million Tower on Sheikh Zayed Road

SOL Properties has launched a significant mixed-use project, SOL Luxe, on Sheikh Zayed Road, marking a notable addition to Dubai’s skyline. This AED 2.2 billion ($599 million) development aims to cater to both residential and commercial needs, enhancing the area’s appeal for professionals and families alike.

What happened?

Dubai-based developer SOL Properties has announced the launch of SOL Luxe, a 280-meter tall mixed-use tower located on Sheikh Zayed Road. The project, which will consist of 62 floors, aims to blend premium residences, Grade A office spaces, and curated food and beverage retail outlets. The tower is designed to be one of the tallest freehold towers in the region, featuring 288 residential units available in one-, two-, and three-bedroom layouts, along with office spaces and retail facilities.

Why it matters

The introduction of SOL Luxe is significant for Dubai’s real estate market, particularly given its prime location. Situated near key amenities such as schools, hospitals, and the Dubai Mall, the tower is expected to attract both local and international buyers. Its proximity to the DIFC Metro Station and Dubai International Airport further enhances its appeal, making it a strategic investment for those seeking a cosmopolitan lifestyle in the heart of the city.

Who is affected

Potential buyers, investors, and businesses will be directly impacted by the launch of SOL Luxe. The project targets professionals looking for modern living spaces and companies seeking high-quality office environments. Additionally, the retail component will benefit local businesses and food and beverage operators looking to establish a presence in a high-traffic area.

What buyers should consider

Buyers should evaluate the investment potential of SOL Luxe, which is projected to generate returns on investment of 8-9%. The tower’s amenities, including a rooftop infinity-edge pool, gym, and landscaped spaces, add value to the residential offerings. Additionally, the integration of AI-powered systems for air quality and maintenance could enhance the living experience. Prospective buyers should also consider the construction timeline, with handover scheduled for Q4 2028.

Key numbers

• Project cost: AED 2.2 billion ($599 million)
• Height: 280 meters
• Floors: 62
• Residential units: 288
• Projected ROI: 8-9%
• Handover date: Q4 2028

Expert tip

Investors should consider the long-term growth potential of the Sheikh Zayed Road area, as ongoing developments and infrastructure improvements are likely to enhance property values over time.

FAQ

Q: What types of residential units will be available in SOL Luxe?
A: The tower will feature one-, two-, and three-bedroom layouts, including options with studies.

Q: When is the expected handover date for SOL Luxe?
A: The handover is scheduled for the fourth quarter of 2028.

Why it matters for Dubai buyers: SOL Luxe presents a promising investment opportunity in a prime location, catering to the growing demand for mixed-use developments in Dubai.

### Investor Lens

Investment Opportunities in SOL Luxe on Sheikh Zayed Road

The launch of SOL Luxe offers a compelling investment opportunity in Dubai’s competitive real estate market, particularly for those interested in mixed-use developments.

Market angle

The demand for high-quality residential and commercial spaces in Dubai remains strong, driven by the city’s ongoing growth and development. SOL Luxe’s strategic location on Sheikh Zayed Road positions it well to attract both residents and businesses, making it a potentially lucrative investment.

Financing & cashflows

While specific financing options and payment plans are not detailed in the extract, potential investors should explore various mortgage options available in the UAE market. The projected returns of 8-9% may also indicate favorable cash flow opportunities for investors.

Opportunities & risks

• Opportunity to invest in a prime location with strong rental demand.
• Potential risks associated with construction timelines and market fluctuations.

Key numbers

• Project cost: AED 2.2 billion ($599 million)
• Projected ROI: 8-9%

Expert tip

Investors should conduct thorough market research and consider the long-term growth potential of the area before committing to a purchase.

FAQ

Q: What is the expected return on investment for SOL Luxe?
A: The projected return on investment is between 8-9%.

Q: How many office units will be available in the tower?
A: There will be 66 Grade A office units in the tower.

Why it matters for Dubai buyers: SOL Luxe offers a unique investment opportunity in a high-demand area, appealing to both residential and commercial buyers.

### Buyer Playbook

What to Know About Buying in SOL Luxe

SOL Luxe presents a new opportunity for buyers looking for modern living and working spaces in Dubai’s vibrant real estate market.

What’s new

The launch of SOL Luxe introduces a mixed-use development that combines luxury living with premium office and retail spaces. The tower’s design and amenities aim to provide a holistic lifestyle experience for residents and professionals alike.

Ready vs off‑plan: how to decide

Buyers should weigh the benefits of purchasing off-plan properties like SOL Luxe against ready-to-move-in options. Off-plan purchases often come with lower initial costs and the potential for capital appreciation, while ready properties offer immediate occupancy.

Costs & timelines

While specific service charges and other costs are not mentioned in the extract, buyers should inquire about these details during the purchasing process. The handover is expected in Q4 2028, allowing buyers time to plan their finances accordingly.

Key numbers

• Project cost: AED 2.2 billion ($599 million)
• Handover date: Q4 2028

Expert tip

Consider the long-term lifestyle benefits and investment potential of the area when deciding to purchase in SOL Luxe.

FAQ

Q: What amenities will be available for residents?
A: Residents will have access to a rooftop infinity-edge pool, gym, children’s play areas, and landscaped spaces, among other amenities.

Q: How many residential units will be available in SOL Luxe?
A: The tower will feature 288 residential units.

Why it matters for Dubai buyers: SOL Luxe offers a blend of luxury living and investment potential in a prime location, appealing to a diverse range of buyers.

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