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.
Dubai’s hospitality market has rapidly absorbed this influx of new supply and continued to perform exceptionally well, as RevPAR has only declined by 0.3 per cent, according to Ernst & Young’s Middle East Hotel Benchmark survey.
Pullman Dubai Deira City Centre celebrates its official 5 Star rating as announced by The Department of Tourism and Commerce Marketing (DTCM).
Construction of the Water Discus Hotel will start this year in Gdynia, Poland, with Dubai and the Maldives showing interest in purchasing of the prototype, according to information published by a Polish government agency.
Hotels in Dubai reported the highest profit levels in the region in 2013 for the fourth consecutive year, and ended the year with occupancy above 80 per cent as rates surged, according to the latest HotStats survey of full service four and five star hotels in five Mena markets by TRI Hospitality Consulting Middle East.
Located on the upper floors of a mixed used building, the new first class- and full service hotel is walking distance from the Dubai Mall and just 10 kilometres from the international airport. Infiniti Bar & Terrace provide a cosy spot for relaxing, while the outdoor terrace bar is great for catching some sun and enjoying stunning views of the world’s tallest building, the Burj Khalifa.