Palazzo Versace Dubai is a luxurious hotel located in the heart of Dubai’s Culture Village. The hotel is renowned for its exquisite architecture, elegant decor, and exceptional hospitality.
But have you ever wondered who is the owner of this magnificent property? In this article, we will explore the answer to this question.
Introduction to Palazzo Versace Dubai
Before we dive into the details about the owner of Palazzo Versace Dubai, let’s briefly talk about the hotel itself. The Palazzo Versace Dubai is a 5-star hotel that boasts 215 rooms and suites, each designed with a blend of contemporary and classical styles. The property features eight restaurants and bars, a spa, three outdoor pools, and access to a private beach.
The Owner of Palazzo Versace Dubai
The owner of Palazzo Versace Dubai is Enshaa Group. Enshaa Group is a diversified company that operates in various sectors including real estate development, construction, hospitality, healthcare, and education. The company was established in 2006 with its headquarters in Dubai.
About Enshaa Group
Enshaa Group was founded by Sheikh Tariq Al Qassimi. The group has been involved in some major real estate projects in the UAE such as Al Badia Hillside Village, Al Badia Residences, and D1 Tower. In addition to its real estate ventures, Enshaa Group also owns luxury hospitality brands such as Palazzo Versace Dubai and D1 Hotels & Resorts.
Palazzo Versace – A Joint Venture
Palazzo Versace Dubai was developed as a joint venture between Enshaa Group and Gianni Versace S.p.A., an Italian luxury fashion company founded by Gianni Versace in 1978. However, after Gianni’s death in 1997, his family sold the company to Michael Kors Holdings Limited in 2018.
Conclusion
In conclusion, Palazzo Versace Dubai is owned by Enshaa Group. The group is a well-established company that has made its mark in real estate development, hospitality, and other sectors. The partnership between Enshaa Group and Gianni Versace S.A brought to life the luxurious Palazzo Versace Dubai, which has become one of the most sought-after hotels in Dubai.