Page 165 - SOL Properties PR Report - July 2024

The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, with the luxury
residential real estate market projected to grow by more than 8 percent by 2029. Opening as the
premiere luxury real estate in Downtown Dubai, Fairmont Solara Tower reinforces Dubai’s demand as
a global destination, attracting high-net-worth individuals and investors seeking to diversify their
portfolios with the city’s strategic location and investor-friendly regulations.

Fairmont Residences Solara Tower Dubai joins a portfolio of 16 Fairmont-branded residences, each a
sanctuary with the luxury of Fairmont and the privacy of home, from Mayakoba in Mexico, Rabat and
Marrakech in Morocco, to Los Angeles in the USA. Globally renowned for the brand’s expertise in
luxury residential, Fairmont has another 22 projects in the pipeline. The project is supported by
Accor One Living, an industry-first platform focused on the design and operation of innovative mixed-
use hospitality solutions for a new generation of investors and homeowners.

Jeff Tisdall, Chief Business Officer, Accor One Living, said: “We are very proud to be partnering with
SOL Properties on this landmark Fairmont branded residence development, a leading example of an
exciting new generation of standalone private residences supported by Accor One Living. We are
confident the ultra-prime location, extensive private facilities for residence owners, and elevated
residential living experience made possible by Fairmont, combined with SOL Properties’ reputation
for quality and luxury, will be very well received by homeowners.”

Dubai Chronicle