Our blog showcasing the finest high-end residential and investment properties in the world.
Emaar Residences at the Fairmont Makkah
Emaar Residences at the Fairmont Makkah (Saudi Arabia) occupy the upper 24 floors of Makkah Clock Royal Tower (71 storeys), A Fairmont Hotel, the tallest of seven towers. It is crowned with a 40-metre high clock visible from 17km away. In addition, the Residences provide engaging views of the Kaaba, the Haram or across the picturesque city of Makkah. Featuring exquisite exteriors and aesthetically appealing interiors, each fully furnished residence - from studios to three bedroom apartments - provides perfect serenity; whether you plan on visiting alone or with your family. Discover spacious apartments and generous living spaces that suit your discerning requirements, while your children play in a secure area and are cared for within professionally managed nursing quarters.
At Emaar Residences at the Fairmont Makkah, you’ll find the highest levels of comfort and security meet the latest technology. Spend time at a state-of-the-art fitness club; enjoy fine coffees and a family meal at a smart restaurant in addition to exceptional discounts. You will have the opportunity to become a member of Fairmont President’s Club, Circle Level – an exclusive recognition programme offering benefits and privileges designed to reflect your individual travel preferences, while ensuring outstanding service.
Fairmont Hotels & Resorts have been appointed to be the official service provider. The hotel will feature 858 elegantly appointed guest rooms and Fairmont Gold, an exclusive ‘hotel within a hotel’ product. At 577 meters high, this 76 storey hotel will be among the world's tallest structures and its unique and distinctive features will ensure a landmark presence in the Holy City. This includes a 40 meter clock, visible from 17 kilometers away, which will announce daily prayers to the Muslim world, while the Lunar Observation Center and Islamic Museum will serve to protect the heritage for future generations. They will also function as an operator of a rental program. Residential owners have the option to rent out their units when they are not being utilized by the owner. If they do, they must rent exclusively through the Fairmont Rental Program.
Summary of terms & conditions:
-25 years lease from the date of handover
-as long as the purchaser is Muslim one can purchase this property
-Muslim ladies can purchase an apartment as per the usufruct rights of leasehold sale
-the property does not come with a visa, rules and regulations will be as per the Kingdom's laws
-the re-sale will have to be channeled through Emaar appointed representative
-after 25 years the property goes back to the government of Saudi Arabia