Page 38 - SOL Properties PR Report - July 2024

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

About Fairmont

Fairmont Hotels & Resorts is where the in mate equally coexists with the infinite - an unrivaled
por olio of more than 90 extraordinary hotels where grand moments of life, hear elt pleasures

and personal milestones are celebrated and remembered long a er any visit. Since 1907, Fairmont
has created magnificent, meaningful and unforge able hotels, rich with character and deeply
connected to the history, culture and community of its des na ons - places such as The Plaza in

New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada,
Fairmont Peace Hotel in Shanghai, and Fairmont The Palm in Dubai. Famous for its engaging
service, awe-inspiring public spaces, locally inspired cuisine, and iconic bars and lounges, Fairmont
also takes great pride in its pioneering approach to hospitality and leadership in sustainability and
responsible tourism prac ces. Fairmont is part of Accor, a world leading hospitality group coun ng

over 5,600 proper es throughout more than 110 countries, and a par cipa ng brand in ALL - Accor
Live Limitless - a lifestyle loyalty program providing access to a wide variety of rewards, services
and experiences. fairmont.com | all.accor.com | group.accor.com

About SOL Proper es

Founded in 1974 under the patronage of the Bha a Group, SOL Proper es is a dis nguished leader
in the UAE's real estate sector, renowned for its luxury property developments. Over the past 50
years, SOL Proper es has delivered over 250 transforma ve projects, encompassing exquisite

residen al developments, iconic commercial spaces, and luxury hotels. The company's diverse
por olio includes iconic projects across Dubai, such as Ocean House, Oakley Square, Hillside Villas,
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