
Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has announced the development of the oppulent new Baccarat Hotel and Residences. Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand. The hotel is part of a new ultra-luxury, mixed-use development in Downtown Dubai, in line with Shamal Holding’s commitment to investing in the extraordinary.