The Palazzo Versace Dubai property development is now 80 per cent complete, according to the Emirates Sunland Group, the developer behind the £400 million project.
Located in Culture Village on Dubai Creek, near the Park Hyatt and the Dubai Creek Club and Golf Course, the luxury 4.3 hectare Dubai property scheme will include 169 private residences and 213 ultra-luxury hotel suites, featuring a range of furniture and furnishings exclusively designed by Versace. Palazzo Versace properties are available to buy from £2 million to £12 million.
The development will also include a luxury spa, restaurants, convention facilities a Versace boutique, health club and ballroom all set in landscaped grounds. The residential section is scheduled to open this month, while the hotel is scheduled to open June 2011.
As a world premier, the hotel will have the first ever refrigerated beach which will include a system of heat-absorbing pipes built under the sand and giant wind blowers, designed to keep tourists cool in the searing 40-50C heat.
Emirates Sunland Group is building Palazzo Versace under a joint venture agreement with the Middle East-based developer Arabtec, who was also responsible for the iconic Burj al Arab in Dubai. Emirates Sunland Group is a 50/50 partnership between UAE-based Emirates International Holdings and Australian-based Sunland Group Limited.
The first Palazzo Versace Hotel opened its doors in September 2000 and created a new luxury address on a historic site in Southern Queensland on the edge of the Gold Coast Broadwater in Australia. Palazzo Versce has 200 hotel rooms and suites and seventy-two neighbouring condominiums, three restaurants and a private marina
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