[Dubai-Lover]

New Palazzo Versace Resort in Dubai to commence early 2006

Gianni Versace SpA, Sunland Group Limited and Emirates International Holdings announced today the development of a second Palazzo Versace Resort in the Arabian Bays on the Dubai Creek, Dubai, as part of an overall precinct being developed by Dubai Properties.

Dr Versace (Center).

The Versace Group together with Australian Property Developer, Sunland Group Limited, who opened the first Palazzo Versace on the Gold Coast in September 2000, identified the Middle East as the next potential region for a Versace resort - the ultimate experience in luxury vacationing. A joint venture was subsequently drawn up between Sunland Group Limited and Emirates International Holdings and in December 2004 the centrally located waterfront site on Dubai Creek was identified as the most suitable location. In March 2005 Emirates International Holdings entered into an agreement with Dubai Properties to acquire the land for the development of the resort.

The Palazzo Versace Dubai will include c. 215 suites, restaurants, a spa and 204 luxury villas all conceptualized by the Versace Group and Sunland Group Limited and fully furnished with a specially designed line of products from the Versace Home Collection. Plans for the multi million dollar Palazzo Versace will be refined by September, with the view to commencing construction by early 2006 and to open in 2008.

Managing Director of the Versace Group, Dr. Giancarlo Di Risio said 'The idea of bringing the Versace philosophy of luxury and style to the ultimate in resort vacationing is a natural combination. We were the first luxury group to develop a branded hotel and this is an important part of the Group's strategy for the future'.

President of the Versace Group, Dr. Santo Versace added 'The design of the Palazzo Versace will include all of the trademarks of Versace style and glamour while incorporating the needs of the local environment. Palazzo Versace will provide the ultimate destination for those wanting a taste of the 'Versace' lifestyle within a dynamic and modern environment like Dubai.'

Sunland Joint Managing Director, Mr Soheil Abedian, stated 'As a result of the Versace Group's indelible imprint in the world of fashion, today the 'Versace' name is synonymous for luxury, glamour and above all exceptional quality. These are the attributes that characterize the Palazzo Versace resorts in Australia and in Dubai. It is an ambitious collaboration, but one which is backed by the enthusiasm and passion of two partners with a like-minded commitment to innovation and excellence.'

'With buoyant markets and an enhanced regulatory framework in the UAE, the tourism and hospitality industry has been a major area of growth in recent years. With Dubai at the forefront of development, we are sure that the Palazzo Versace Hotel and Condominium Resort will soon develop into an exclusive location for tourists and residents in the city,' said Reza Jaffar, Managing Director, Emirates International Holdings.

The joint venture of Sunland and Emirates International Holdings, will be known as Emirates Sunland Group and will be responsible for the development and management of Palazzo Versace Dubai. The Versace Group will be responsible for all aspects of content, design and style, including architecture, interiors, furnishings and amenities using specially designed items from the various Versace collections.

 

[Dubai-Lover]

the first time we hear about this hotel and the arabian bays project!

good to know all this is real

 

[dubaiflo]

great to hear that.i am curious what more will happen in arabian bay

 

[Dubai-Lover]

Dubai Creek to get Versace brand hotel

By Saifur Rahman, Staff Reporter

Dubai:
UAE-based investors Emirates International Holdings (EIH) and Australian developers Sunland Group are rolling out a Dh2.56 billion ($700 million) hotel, to be run by Versace the famous fashion and lifestyle brand.

The 215-suite Palazzo Versace Resort will be located in the Arabian Bays on the Dubai Creek, as part of an overall neighbourhood being developed by Dubai Properties. In March, EIH signed an agreement with Dubai Properties to acquire the land for the development of the resort.

It will be developed on a 130,000 square metre plot of prime land, in which an artificially-created temperature-controlled beach will serve mainly upmarket leisure travellers.

The design and development plan of Palazzo Versace is expected to be finalised in September, so that construction can begin early 2006.

To be opened in 2008, this would be the second designer-labeled hotel following Armani's announcement to penetrate the market.

"The design of the Palazzo Versace will include all the trademarks of Versace style and glamour while incorporating the needs of the local environment. Palazzo Versace will provide the ultimate destination for those wanting a taste of the 'Versace' lifestyle within a dynamic and modern environment like Dubai," said Dr. Santo Versace, president of the Versace Group.

The project will also include 220 condominiums that will be offered to selected high-profile investors on a freehold basis.

The Versace Group together with Australian Property Developer, Sunland Group Limited, who opened the first Palazzo Versace on the Gold Coast in September 2000, identified the Middle East as the next potential region for a Versace resort .

EIH and Sunland has created a 50:50 joint venture, Emirates Sunland, to develop the hotel which is part of a global roll-out that will see more Palazzo Versace Resorts coming up in major gateway cities of the world, officials said.

Earlier, EIH acquired a 50 per cent stake in Sunland's Palazzo Versace Resort in Gold Coast for $40 million.

Sharjah-based Swiss-Arabian Perfumes and Emirates Neon are some of the companies behind the EIH. Abraj Capital recently acquired a 34.5 per cent stake in the company.

EIH, with a Dh250 million capital base, is expected to raise capital further by going public.

Emirates Sunland Group will develop the Palazzo Versace Dubai hotel.

Arabian Bays is a project currently under planning stage by Dubai Properties, which will be adjacent to its Business Bay project.

 

[DUBAI]

I think i stayed in a hostel right next to this one in surfers...

cant be shore though, id have to see a map.

 

[Dubai-Lover]

Versace hotel planned for Dubai Creek

Versace Group, Sunland Group Limited and Emirates International Holdings (EMI) has announced the development of a second Palazzo Versace on the Dubai Creek to follow the boutique designer hotel’s first venture on Australia’s Gold Coast in 2000.

The Versace Group, together with Australian property developer Sunland Group Limited identified the Middle East as the ideal location for its second luxury hospitality venture, and a joint agreement was subsequently drawn between the two companies and EMI in December 2004. In March EMI arranged with Dubai Properties to acquire the land on the centrally located waterfront opposite the Creek Golf Club, a site believed by the company to be suitable for Palazzo Versace.

At a project cost in excess of US $650 million, the plans for the property are scheduled to be finalised by September and construction to begin in early 2006 with a finishing date of 2008. The House of Versace was the first fashion house to market the concept of a branded ‘designer’ hotel, and has since been followed into the market by Armani and Bvlgari amongst others.

“The idea of bringing the Versace philosophy of luxury and style to the ultimate in resort vacationing is a natural combination. We were the first luxury group to develop a branded hotel and this is part of the group’s strategy in the future,” says Giancarlo Di Risio, managing director of the Versace Group.

Everything in the hotel, from the chairs to the bed linen will be branded Versace. “Palazzo Versace will provide the ultimate destination for those wanting a taste of the Versace lifestyle within a dynamic and modern environment like Dubai,” claims Santo Versace, president of the Versace Group.

 

[satit28]

great for dubai............
i cant afford it though!!!..............

 

[Krazy]

most of us cant afford most of the projects in dubai

 

[AltinD]

I'm sure when it will be compleated my boss will spend 1 - 2 weeks there. He comes at least twice a year and he have stayed in all top hotels in Dubai, exept Al Qasr, where he's planing to stay his next visit later this year. He brings his family with him most of the times. When he's here, I always pass the weekends in his hotel, by the pool, so it is like I have stayed there as well.

I have family relation with his wife (not a cousin, but we have common cousins), I know her since 2 decades, so my presence isn't intrusive or something.

 

[Dubai-Lover]

the whole project might be released soon
here's some more, didn't want to create a new thread yet

altin - this could be the secret project we saw a model of at cityscape with the sign "to be announced soon"!!!



Arabian Bays work to begin this year

By Saifur Rahman, Staff Reporter

Dubai: Work on the Dh3.67 billion infrastructure package for the Arabian Bays is expected to begin during the fourth quarter of the current year, according to Meed Projects.
Arabian Bays, a community masterplan development that will cover the entire Jaddaf dry dock area from the Garhoud Bridge and connect to the Business Bay, has yet to be officially announced by Dubai Properties, a real estate entity of Dubai Holding.

The project is another mega mixed use development that will compliment Dubai creek's shoreline.

Jaddaf-based small ship repair companies will gradually shift to Dubai Maritime City (DMC) which is being built on reclaimed land on the Gulf between Port Rashid and Dubai Drydocks. DMC will be up and running late next year....

somehow the gulf news article is not complete :bash:

 

[shayan]

versace i've heard that he gold cost hotel of versace is already beautiful so i'm sure thisone will be also.

 

[what?]

Dubai is growing at such a fast pace that its infrastructure cannot keep up, according to Hussain Nasser Lootah, Assistant Director General of Building and Planning for Dubai Municipality.

Lootah was addressing more than 100 industry leaders at MEED's 2nd Major Project Developments in Dubai conference.

The population of the emirate has grown at an average annual rate of 6.4 per cent while the number of cars on the road by 10 per cent each year, as opposed to an international average of 2 to 3 per cent.

Lootah said: 'Projects in Dubai are so fast-moving that the infrastructure, including the roads, public transport, and utilities cannot keep up.'

The Dubai government has spent a total of $2.5 billion on the city's network of roads up to the end of 2004, covering an ever-increasing total of 9,600 kilometres.

'It is not the lack of roads that is necessarily the problem, but the general mismanagement of the travelling system' said Lootah.

'Driver behaviour is a major issue, with many households using more than one car, and employees commuting to work daily from other emirates. As an example, 250,000 cars make the journey between Dubai and Sharjah every day.'

Lootah revealed Dubai Municipality's plans for a traffic control centre, providing intelligent information for drivers to avoid high congestion areas and accidents.

He also outlined Dubai Municipality's move to increase environmental awareness in the city. At present, there are 25 square metres of green area per capita in Dubai (correct until 2012), which represents 3.4 per cent of Dubai's total urban area. The government has set targets to raise this to 8 per cent.

Commitment to the environment is one of the government's areas of focus, he said, pointing to measures installed to measure air quality, medical and hazardous waste, and oil spills.

Dubai's population, recorded at 1.1 million at present, could reach 4 million by 2017.

Meanwhile, Dubai Municipality gave an overview of new areas under development, including Jadaf, a mixed-use area covering residential, commercial and hotels to be developed by Dubai Holding.

Also under development are Al Raas and Deira Sea Corniche, as well as the 1,100 hectare University Village with residential campuses along the main Emirates Road artery.

Lootah said: 'As the city spreads, the old industrial areas need further development, which is why we are looking at them now.'

The second MEED Major Projects in Dubai Conference is on at the Mina A'Salam, Madinat Jumeirah in Dubai, on December 6 and 7. Already confirmed as sponsors are Nakheel and Cadillac.


This only means one thing (arabian bay) :soon:

 

[Dubai-Lover]

Palazzo Versace Resort blends heritage and haute couture in the Culture Village

Dubai Properties, a member of Dubai Holding, has signed an agreement with Emirates Sunland Group (ESG) to develop the AED 2.56 billion Palazzo Versace Resort located at the Culture Village.
United Arab Emirates: 10 minutes ago

Hashim Al Dabal, CEO, Dubai Properties, Soheil Abedain, Joint Managing Director, ESG, and Raza Jafar, Managing Director, Emirates International Holdings (EIH).

The signing ceremony took place in the presence of Hashim Al Dabal, CEO, Dubai Properties, Soheil Abedain, Joint Managing Director, ESG, and Raza Jafar, Managing Director, Emirates International Holdings (EIH).

The 215-suite Palazzo Versace Resort will be developed on 130,000 square meters of prime land in the Culture Village along Dubai Creek, being developed by Dubai Properties.

Hashim Al Dabal, CEO, Dubai Property said:

'Dubai Properties' partnership with ESG is in line with our long-term strategy to develop a diversified portfolio of world-class real estate projects that focus on unique value creation."

'Culture Village represents a fusion of traditional and contemporary concepts, and Palazzo Versace's trademark of art and glamour reflect those essentials, while complementing the dynamics of the local environment.

'It is an ambitious collaboration, but one that is backed by the enthusiasm and passion of two partners with a like-minded commitment to innovation and excellence,' Al Dabal added.

Conceptualized by the Versace Group and ESG, Palazzo Versace Dubai will include 220 condominiums, restaurants, a spa and 204 luxury villas that will be furnished with an exclusive line of products from the Versace Home Collection. A highlight of the project is an artificial temperature-controlled beach to attract the elite leisure traveller.

Soheil Abedain, Joint Managing Director, ESG said: 'Palazzo Versace is the evolution of the Versace lifestyle where the expression of the mason's heritage, design and furnishing flair is translated through every detail of the hotel and condominiums. Combined with Italian architecture, contemporary style and craftsmanship, the concept represents a unique offering to the discerning client.'

The Emirates Sunland Group is a 50:50 joint venture between UAE-based investors Emirates International Holdings and Australian developers,theSunlandGroup.

Raza Jafar, Managing Director, ESG said: 'The Emirates Sunland Group has been created as a joint venture company to target the regional and international hospitality industry. With the Palazzo Versace Dubai, we shall be offering the ultimate experience in resort vacationing to the sophisticated traveller.'

The Palazzo Versace hotel and condominium resort property in Dubai will be offered to select investors on a freehold basis.

 

[Escoto_Dubai2008]

:eek2: Palazzo Versace Resort :eek2:

 

[THE DUBAI GUYS]

http://www.palazzoversace.ae/

R

 

[AltinD]

And look on the corners of these two images

 

[Krazy]

Emirates Sunland Group bring Palazzo Versace Hotel team to Dubai

Sunland Group, an Australian based property development company, has permanently relocated 22 members of their design, construction and sales teams to Dubai to prepare for the construction of the Palazzo Versace Hotel.

Sunland Group, who formed a 50:50 joint partnership with Emirates International Holdings to form Emirates Sunland Group (ESG), built the world's first Palazzo Versace Hotel on Australia's Gold Coast in 2000. They are now preparing to build the second Palazzo Versace Hotel in Culture Village on the Dubai Creek. Construction is expected to be completed by 2009.

The same team that are working on the Palazzo Versace Hotel are also working on D1 Tower, a residential/resort tower also being built on Dubai's Creek, and White Bay, a master-planned community in Umm Al Quwain.

David Brown, International Design Director for ESG, says the decision to permanently relocate the Palazzo Versace design team to Dubai was based on their expertise, reputation and attention to detail.

'Sunland Group has over 20 years of construction history in Australia and we have built up a strong reputation for excellence. We have bought the expertise behind that history to Dubai to ensure that same standards of excellence are maintained throughout all our international projects,' he says.

Several well-known locally based companies have also been contracted to work with ESG, including Arabtec, Holford Architects and Hyder Engineering.

As well as design and construction staff, Sunland Group have also bought several members of their Australian based sales team to Dubai to prepare for the launch of ESGs new projects.

This staffs has been joined by sales professionals from around the globe, including Iranians, Russians and Gulf nationals, and together they have over 40 years of combined sales experience.

Soheil Abedian, Joint Managing Director of Emirates Sunland Group, says the decision to create a multi-national sales team was due to Dubai's global appeal.

'Dubai is a city that draws people from all parts of the globe and we have chosen to build a sales team that represents this diverse cultural mix,' he says. 'Our products are very international in feel and having such a diverse sales team will mean that people can feel comfortable buying our properties in their own mother tongue.

'Of course we will also be collaborating closely with local real estate agents,' he says. 'We want to learn from the industry as a whole, while also adding to what is here in Dubai and showcasing the Australian way.'

 

[SA BOY]

model at cityscape has the D1 to the side

 

[AltinD]

An old but never posted here news:


Palazzo Versace confirmed to grace Dubai skyline

Arabtec executed a joint venture agreement with Emirates Sunland Project Management LLC to perform construction management services to construct two new prestigious landmarks in Dubai.

United Arab Emirates: Thursday, May 18 - 2006 at 09:12

The joint venture agreement will allow for the construction of the approximately 1 billion dirham project comprising of Palazzo Versace Hotel and the D1 Tower in the recently announced Culture Village in Dubai Creek.

Arabtec Construction LLC, who specializes in large-scale projects including Burj Dubai, entered the joint venture as equal partners with Emirates Sunland Project Management LLC, who are an amalgamation of Australian-based Sunland Group and Emirates International Holdings.

Referring to the agreement, Riad Kamal, Managing Director of Arabtec, stated that this project is perfectly suited for such a dynamic and modern environment like Dubai and Arabtec are proud to help bring this project to reality. He also stated that Arabtec is associated with many landmark buildings all across the UAE and this joint venture will add another prestigious project to Arabtec's portfolio of pioneering developments

http://www.ameinfo.com/86333.html

 

[Dubai-Lover]

looks very down to earth
nice building
finally a model