Page 35 - SOL Properties PR Report - July 2024

Fairmont Hotels & Resorts and SOL Properties to debut Fairmont Residences Solara Tower Dubai
Fairmont Hotels & Resorts and SOL Properties to debut

Fairmont Residences Solara Tower Dubai

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Fairmont Hotels & Resorts
05 Jul, 2024, 16:05 GMT

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

DUBAI, UAE, July 5, 2024 /PRNewswire/ -- Fairmont Hotels & Resorts, a world-renowned luxury hotel brand within the Accor group, has
partnered with SOL Proper es, a leading developer in the UAE, to launch a standout private residence development, Fairmont Residences Solara
Tower Dubai. Redefining luxury real estate in Downtown Dubai, the project is currently underway and is scheduled for comple on by Q3 of 2027.

Fairmont Residences Solara Tower Dubai combines Fairmont's dis nguished brand standards and global reputa on in luxury hospitality with SOL
Proper es' vast exper se in luxury real estate to establish new benchmarks in upscale urban living. The development will include me culously
designed spaces, blending elegance and meless opulence. With a wide array of spacious layouts and custom ameni es, these residences
represent the pinnacle of luxury lifestyle for today and tomorrow, with expansive terraces offering breathtaking views of the Burj Khalifa and the
exquisite Dubai Fountain.

Ajay Bha a, Founder and CEO of SOL Proper es, said: "Alongside the team at Fairmont, we at SOL Proper es are elated to provide a completely
new standard of luxury living in Downtown Dubai. Our goal is to provide residents with exclusive ameni es and personalised offerings, thereby
se ng a new precedent for comfort and convenience for our owners. By combining Fairmont's excep onal hospitality and though ul service with
our integrated residen al environment and a en on to quality, this project is certain to offer residents unmatched lifestyle experiences."

In response to the evolving demands of urban homeowners, the residen al project promises a suite of premium ameni es and services.
Residence owners will have exclusive access to Fairmont's wide range of integrated ameni es, which include gourmet restaurants, private
swimming pool, fitness centre, spa and wellness centre, offering a resort-like experience within the confines of their own home.

Omer Acar, CEO for Fairmont, commented: "We are delighted to con nue bringing the Fairmont experience around the globe. Drawing on both
Accor and Fairmont's long history and notable exper se in managing luxury branded residen al, and working with leading developers and
partners such as SOL Proper es, we are able to deliver a living experience that is poised to truly redefine luxury residen al in an already
compe ve market such as Dubai, or in other top des na ons worldwide."

The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, with the luxury residen al real estate market projected to
grow by more than 8 percent by 2029. Opening as the premiere luxury real estate in Downtown Dubai, Faimont Solara Tower
reinforces Dubai's demand as a global des na on, a rac ng high-net-worth individuals and investors seeking to diversify their por olios with the
city's strategic loca on and investor-friendly regula ons.

Fairmont Residences Solara Tower Dubai joins a por olio 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
exper se in luxury residen al, Fairmont has another 22 projects in the pipeline. The project is supported by Accor One Living, an industry-first
pla orm focused on the design and opera on of innova ve mixed-use hospitality solu ons for a new genera on of investors and homeowners.

Jeff Tisdall, Chief Business Officer, Accor One Living, said: "We are very proud to be partnering with SOL Proper es on this landmark Fairmont
branded residence development, a leading example of an exci ng new genera on of standalone private residences supported by Accor One
Living. We are confident the ultra prime loca on, extensive private facili es for residence owners, and elevated residen al living experience made
possible by Fairmont, combined with SOL Proper es' reputa on for quality and luxury, will be very well received by homeowners."

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