PropertyIndex

Sol Avenue

Completed · Q2 2020|324 units · 1 tower

Alerts: Get notified of every new DLD-registered sale and rental contract.

Sol Avenue is a completed apartment development by S O L PROPERTIES DEVELOPMENT L.L.C in Business Bay, comprising 324 registered units. 2 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,160 per sqft. At AED 1,160 per sqft, Sol Avenue prices 52% below the Business Bay average of AED 2,421 per sqft on registered sales.

PIX© price
60.00MAED
Typical
1,160AED
PSF
Gross yield
0.2%
PIX© rent ÷ PIX© price
Sale records
2
DLD · all time
Rent contracts
1,161
Ejari · all time
Sol Avenue

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
188 – 2,773 sqft
32460.00M1,16094K0.2%
Residential
Studio · Apartment
481 – 963 sqft
74
1 Bed · Apartment
539 – 1,884 sqft
177
2 Bed · Apartment
1,339 – 2,773 sqft
42
Commercial
Shop
188 – 579 sqft
31
Land
Development Land
51,723 sqft
Sales — Project-Wide2 DLD records
All time
Sale price AED/sqft · monthly · all time · last sale Jan 2015
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
21 Jan 201551,72360,000,0001,160StandardStandard Sale
17 Jul 200851,72364,654,0001,250StandardStandard Sale
Rentals — Project-Wide1,161 Ejari contracts
Annual rent AED · monthly · all time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range · all time
Renewals
Corporate
Start DateSizeRent / YrRent PSFUnit TypeType
1 Sep 202687490,000103Entry Levelnew
30 Aug 202672289,250124Standardrenewal
24 Aug 20261,665104,00062Premiumrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Common questions about Sol Avenue

Answered from Dubai Land Department registered transactions.

How much does a property in Sol Avenue cost?

Property in Sol Avenue sells at a current PIX© price of AED 1,160 per sqft, or about AED 60,000,000 for a typical unit, based on 2 sales registered with the Dubai Land Department.

Is Sol Avenue completed?

Yes. Sol Avenue is recorded as completed in the Dubai Land Department project register (completed q2 2020).

Who is the developer of Sol Avenue?

Sol Avenue is developed by S O L PROPERTIES DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Sol Avenue?

Sol Avenue yields 0.2% gross, calculated from current PIX© rent against current PIX© sale price, across 1,161 registered Ejari contracts.

How many units are in Sol Avenue?

Sol Avenue holds 324 registered units, per the Dubai Land Department unit register.

About Sol Avenue

Sol Avenue is a modern residential and retail mixed-use tower developed by SOL Properties in Business Bay, Dubai, featuring a sleek glass facade and a dedicated short-term rental concept.

Project Overview and History

Sol Avenue is a contemporary mixed-use tower located in Dubai's Business Bay district. Developed by SOL Properties Development L.L.C. and designed by Naga Architects, the project replaced a previously cancelled development on the same plot named Fortune Avenue. Construction on the building was carried out by Bhatia General Contracting Company, starting in February 2015.

Architecture and Layout

The tower incorporates modern architectural systems, including SL50 stick curtain walling for its sleek transparent glass facade, SC95TT insulated sliding systems for floor-to-ceiling windows, and 63TT doors. Its structural configuration consists of basement parking levels, a ground floor, and two podium levels that host key residential amenities. The building contains studios, one-bedroom, and two-bedroom apartments, as well as retail outlets on the ground floor. While many databases record it as a 20-storey tower, some sources state it features 17 floors above ground.

Amenities and Operations

Sol Avenue offers residents premium amenities including a communal swimming pool, a fully equipped gymnasium, sauna and steam rooms, a children's play area, covered parking, and 24/7 security. In May 2021, SOL Properties introduced its short-term leasing entity, SOL Living, which operates fully furnished short-stay apartments on dedicated floors of the building. The ground floor accommodates commercial spaces, including a mini-mart.

Location and Connectivity

Situated on Marasi Drive close to the Dubai Water Canal promenade, the tower provides convenient road access to Sheikh Zayed Road and Al Khail Road. It is located roughly 10 minutes from Dubai Mall and 12 minutes from the Burj Khalifa, with nearby public transport options including several bus stops and the Business Bay Metro Station.

Amenities
  • Swimming pool
    Rooftop and communal swimming pool access for residents.
  • Gymnasium
    A fully equipped fitness center.
  • Sauna and steam rooms
    Thermal relaxation and wellness amenities.
  • Children's play area
    Dedicated play areas and children's pool.
  • 24/7 Security & CCTV
    Round-the-clock security and camera surveillance.
  • Lobby & Concierge
    An elegant welcoming lobby offering professional concierge support.
  • Covered parking
    Reserved covered parking stalls for residents distributed across basement levels.
  • Laam Meem
    A convenience mini-mart operating directly on the ground floor.
Also known as Sol Living - Sol Avenue.