Fairmont Goes Exotic with Far Flung Fractionals

Fairmont Hotels and Resorts, through its Fairmont Heritage Place brand, is opening several international fractional properties over the next few years. In Dubai, a hot bed of real estate development and now home to the tallest building in the world, Fairmont along with IFA Hotels and Resorts is building a fractional residence club on the Palm Jumeirah, a man made desert island. Homes range from two-bedroom, 1,810 square foot apartments to 5,340 square foot, two-level villas with five bedrooms and private infinity pools. The 51 fractional ownership homes, being sold in 1/10th shares, just started going into contract this fall. Prices start at $165,000.