Page 57 - 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

Article
July 5, 2024 11:32 AM EDT

The 55-storey luxury residential 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 Properties, 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 completion by Q3 of 2027.
Fairmont Residences Solara Tower Dubai combines Fairmont's distinguished brand standards
and global reputation in luxury hospitality with SOL Properties' vast expertise in luxury real
estate to establish new benchmarks in upscale urban living. The development will include
meticulously designed spaces, blending elegance and timeless opulence. With a wide array
of spacious layouts and custom amenities, 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 Bhatia, Founder and CEO of SOL Properties, said: "Alongside the team at Fairmont,
we at SOL Properties are elated to provide a completely new standard of luxury living in
Downtown Dubai. Our goal is to provide residents with exclusive amenities and personalised
offerings, thereby setting a new precedent for comfort and convenience for our owners. By
combining Fairmont's exceptional hospitality and thoughtful service with our integrated
residential environment and attention to quality, this project is certain to offer residents
unmatched lifestyle experiences."
In response to the evolving demands of urban homeowners, the residential project promises a
suite of premium amenities and services. Residence owners will have exclusive access
to Fairmont's wide range of integrated amenities, 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 continue bringing the
Fairmont experience around the globe. Drawing on both Accor and Fairmont's long history
and notable expertise in managing luxury branded residential, and working with leading
developers and partners such as SOL Properties, we are able to deliver a living experience
that is poised to truly redefine luxury residential in an already competitive market such
as Dubai, or in other top destinations worldwide."
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
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