Page 92 - SOL Properties PR Report - July 2024

Fairmont and SOL Properties Launch Fairmont Residences Solara Tower in Dubai
comfort of home. Selected apartments will also have private swimming pools, adding to the exclusivity
of the residence.

Sami Nasser, Global Chief Operating Officer at Fairmont, added, “We are delighted to add a new
branded residence to our Fairmont portfolio. Our expertise in luxury hospitality, combined with our
pioneering approach to residential projects, will allow us to redefine luxury residences in Dubai and
beyond.”

The project will join Fairmont’s portfolio of 16 existing residential properties, with 22 more in the
pipeline, highlighting the ongoing expansion of luxury living in Dubai. With the luxury residential market
in Dubai projected to grow by more than 8 percent by 2029, the Fairmont Residences Solara Tower is
poised to attract high-net-worth individuals and investors.

Located strategically in Downtown Dubai, the tower will cater to the evolving demands of urban
homeowners, providing a blend of elegance and opulence with expansive terraces offering stunning
views. This development underscores Dubai’s appeal as a hub for luxury real estate, driven by
investor-friendly regulations and a strategic location.

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