Page 55 - SOL Properties PR Report - July 2024
P. 55

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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