Page 137 - SOL Properties PR Report - July 2024

Fairmont Hotels & Resorts and SOL Properties to launch Fairmont Residences Solara Tower Dubai - Biz Today
Sami Nasser, Global Chief Operating Officer at Fairmont, commented: “We are delighted to add
a new branded residence to our Fairmont portfolio. We are confident that our expertise in the

field of luxury hospitality combined with our pioneer approach to residential projects will allow
us to redefine the landscape of luxury residences in Dubai and the broader region.”

The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, especially
with the luxury residential real estate market projected to grow by more than 8 per cent by
2029. Additonally, the project will redefine the concept of luxury residences with Dubai’s

strategic location and investor-friendly regulations, which attract high-net-worth individuals and
investors seeking to diversify their portfolios.

Fairmont Residences Solara Tower Dubai joins a portfolio of 16 Fairmont-branded residences,
along with 22 projects in the pipeline.

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