Page 14 - SOL Properties PR Report - July 2024

Fairmont Hotels & Resorts and SOL Properties to

launch Fairmont Residences Solara Tower Dubai

The 55-storey luxury residential project is the latest land development in
Downtown Dubai offering stunning views of both the Burj Khalifa and the
Dubai Fountain.

Dubai, 02 July 2024 – Fairmont Hotels & Resorts, a world-leading luxury hotel brand within the
Accor group, has partnered with SOL Properties, a leading developer in the UAE, to launch a
premium residential development, the Fairmont Residences Solara Tower Dubai, in Downtown
Dubai, to redefine luxury real estate. The project is currently underway and is scheduled for
completion by Q3 of 2027.

Fairmont Solara Tower project combines Fairmont’s distinguished brand standards in the realm of
luxury hospitality with SOL Properties’ vast expertise in luxury real estate to establish new
benchmarks in urban living. The development will include meticulously designed spaces, offering
a blend of elegance and timeless opulence. With a wide array of spacious layouts and cutting-edge
amenities, these residences represent the pinnacle of a new-age lifestyle, with expansive terraces
offering breathtaking views of the Burj Khalifa and the exquisite Dubai Fountain.

Ajay Bhatia, Founder and CEO of SOL Properties, said: “We at SOL Properties and Fairmont
Hotels & Resorts are elated to provide a completely new standard of luxury living in Downtown
Dubai. Our goal is to provide residents with exclusive amenities and personalised services, thereby
setting a new precedent for comfort and convenience for end users. By combining Fairmont’s
exceptional hospitality services with our integrated residential environment and attention to quality,
this project is certain to offer residents unmatched lifestyle experiences.”

In response to the evolving demands of urban homeowners, the residential project promises a suite
of premium amenities and services. Additionally, Fairmont Solara Tower stands out in Downtown
Dubai as the only residential tower providing a private swimming pool in selected apartments.
Residence owners will also have exclusive access to Fairmont’s wide range of integrated
amenities, which include gourmet restaurants, fitness centres, spas and wellness centres, offering
a resort-like experience within the confines of their own home.

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.