Page 66 - SOL Properties PR Report - July 2024

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

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

https://www.moomoo.com/news/post/40405547/fairmont-hotels-resorts-and-sol-properties-to-debut-fairmont-residences?level=3&data_ticket=172… 2/3