Palazzo Versace Dubai developer turns attention to Europe and Asia

Enshaa, the master developer behind the Palazzo Versace resort in Dubai Creek, is currently exploring sites in Europe and Asia to develop more Versace-branded development.

“Our company has the right of first refusal for a global roll out of Palazzo Versace, so we are exploring at the moment the development management and hotel management of several projects as we speak,” Enshaa CEO, Raza Jafar, told Arabian Business. “We are exploring Europe, we are exploring Asia. They are two areas we are actively exploring.”

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In July, the developer announced that handover of the project's residences has started and it is delivering units to around four customers a day. The 169 Residences at Palazzo Versace, of which around 90 percent are now sold, range in size from one to five bedrooms.

Palazzo Versace Dubai was launched in 2006 by Emirates Sunland Group, a 50:50 joint venture between Enshaa’s subsidiary firm Emirates International Holdings (EIH) and Australian developer The Sunland Group.

The design includes two Versace-branded residential buildings comprised of the 169 luxury condominiums, and a Versace-designed hotel with 215 suites. The hotel element has not been unveiled yet and Jafar said it is likely to see a soft opening in the coming weeks.