Page 84 - SOL Properties PR Report - July 2024

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

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 investors seeking to diversify their

por olios with the city’s strategic loca on and investor-friendly regula ons.

Fairmont Residences Solara Tower Dubai joins a por olio 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 exper se in luxury
residen al, Fairmont has another 22 projects in the pipeline. The project is supported by Accor One

Living, an industry-first pla orm focused on the design and opera on of innova ve mixed-use
hospitality solu ons for a new genera on of investors and homeowners.

Jeff Tisdall, Chief Business Officer, Accor One Living, said: “We are very proud to be partnering with SOL
Proper es on this landmark Fairmont branded residence development, a leading example of an exci ng

new genera on of standalone private residences supported by Accor One Living. We are confident the
ultra prime loca on, extensive private facili es for residence owners, and elevated residen al living

experience made possible by Fairmont, combined with SOL Proper es’ reputa on for quality and
luxury, will be very well received by homeowners.”

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