If you’re a fashion enthusiast, you must have heard of the luxury fashion brand Versace that is known for its exquisite designs. The brand has a massive global following and has several stores around the world. One of the cities where Versace has a strong presence is Dubai, but have you ever wondered who owns Versace Dubai?
Versace Dubai is owned by the Akar Group, which is one of the leading real estate developers in the Middle East. The group was founded by Mr. Iqbal Akhund in 1976 and has since then grown to become a prominent player in the industry. The group has several high-end properties across various sectors such as residential, commercial, and hospitality.
The Akar Group ventured into the hospitality industry in 2005 with the launch of their first luxury hotel – The Palace Downtown Dubai. The hotel became an instant success and set a new benchmark for luxury hotels in Dubai. The Akar Group continued to expand its hospitality portfolio with other iconic properties such as Address Downtown, Address Dubai Mall, Vida Downtown, and Manzil Downtown.
In 2014, the Akar Group signed a partnership deal with Versace to launch Palazzo Versace Dubai – a luxurious hotel that would reflect the essence of Versace’s glamourous lifestyle. The hotel opened its doors in November 2015 and quickly became one of Dubai’s most sought-after destinations.
Palazzo Versace Dubai is located in Culture Village along the shores of the historic Dubai Creek. The hotel boasts over 200 rooms and suites that are designed with Versace’s signature style – bold prints, rich colors, and opulent furnishings. Apart from accommodation, Palazzo Versace also features several restaurants serving international cuisine, a spa & wellness center, indoor & outdoor pools, meeting & event spaces, and more.
In conclusion, while Versace may be a global fashion brand owned by Capri Holdings Limited (formerly known as Michael Kors Holdings Limited), Versace Dubai is owned by the Akar Group. The group has established itself as a leading real estate and hospitality developer in the Middle East and continues to expand its portfolio with iconic properties that reflect luxury and sophistication. Palazzo Versace Dubai is undoubtedly one of the group’s most significant achievements, and it continues to attract visitors from all over the world who are looking for an indulgent experience in Dubai.
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If you’re a fan of the iconic fashion brand Versace, then you may be familiar with the luxurious Palazzo Versace hotel in Dubai. This stunning hotel is an epitome of elegance and opulence, featuring a stunning mix of Italian craftsmanship and Arabian architectural elements. But have you ever wondered who owns this magnificent piece of real estate in the heart of Dubai?
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