Page 49 - SOL Properties PR Report - July 2024

Fairmont Hotels & Resorts and SOL Properties to debut Fairmont Residences Solara Tower Dubai | Al Bawaba
Fairmont Hotels & Resorts and SOL Proper es to debut Fairmon

Residences Solara Tower Dubai

PRESS RELEASE Published July 7th, 2024 - 05:48 GMT

Fairmont Hotels & Resorts
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

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