Page 55 - SOL Properties PR Report - July 2024

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

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, Faimont 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."

About Fairmont

Fairmont Hotels & Resorts is where the intimate equally coexists with the
infinite – an unrivaled portfolio of more than 90 extraordinary hotels where
grand moments of life, heartfelt pleasures and personal milestones are

celebrated and remembered long after any visit. Since 1907, Fairmont has

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