24 Feb Luxury hotel Palazzo Versace Dubai – 80% of apartments sold
Palazzo Versace Dubai, the AED2.3bn ($626m) hotel and residences branded by the Italian fashion house, has sold 80 percent of its units, the developer behind the venture has said.
Emirates Sunland Group, a joint venture between the UAE’s Emirates International Holdings and Australian-based Sunland Group Limited, also said construction on the luxury property is more than 80 percent complete.
“[The resort] has continued its construction during a very difficult economic time,” said managing director Soheil Abedian.” The property is 81 percent complete”, he said.
The Versace-branded resort will include 169 private apartments and 217 hotel suites, decorated with furnishings from the Italian designer’s Home range