Page 150 - SOL Properties PR Report - July 2024

Fairmont Hotels & Resorts and SOL Properties to launch Fairmont Residences Solara Tower Dubai - Middle East News 247

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.

Fairmont Residences Solara Tower Dubai joins a portfolio of 16 Fairmont-branded residences, along with 22

projects in the pipeline.

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