Palazzo Versace brand in worldwide demand
The Palazzo Versace brand has reached new heights in worldwide property demand with the property developer behind the hotels, Emirates Sunland Group, announcing its Dubai-based resort is almost completely sold. In addition Palazzo Versace Gold Coast recently received the prestigious award of Best Australian Luxury Hotel 2008 by Australian Gourmet Traveller Magazine.
Palazzo Versace Dubai has sold more than 80 per cent of the development with only 20 condominiums remaining. Within six months, Emirates Sunland has sold a total gross worth of AED 1.6 billion (£223 million/ AU$464 million). The balance of the condominiums will be held until closer to completion of the project.
Receiving a prestigious Australian tourism award on the back of the Dubai resort’s sales success was icing on the cake for Sunland and proved that despite market conditions, demand for opulence still remains high. Palazzo Versace Gold Coast opened in 2000 and has frequently attracted Hollywood movie stars and royalty among its guests.
The Australian Gourmet Traveller awards, held in Sydney in early June, recognises the pioneers, visionaries and champions of the Australian tourism industry and winners are voted for by readers of the Gourmet Traveller magazine.
Sunland Group Founder and Managing Director Soheil Abedian comments: “To receive such positive support for our Palazzo Versace products from two very different markets in opposite corners of the world is quite a proud achievement for the Sunland Group. What the award and sales success story shows is that the quality of our products speaks for itself. We have witnessed an outstanding demand for high quality, ultra exclusive developments by both those looking to buy or live the lifestyle of the Palazzo Versace brand. What is encouraging is that this demand has not wavered since we launched our Gold Coast development, and in fact it has increased over time. Demand for Palazzo Versace has gained even more momentum since we unveiled the Dubai resort.”
Palazzo Versace Dubai is an AED 2.8 billion (£395 million/ AU$812 million), 1.4 million sq ft (130,000 sq m) luxury designer resort providing 169 private residences and 213 hotel suites, all furnished with an exclusive line of Versace Home Collection products. The 5.5 hectare development also offers a fine dining room, a day spa, ballroom and convention facilities and a Versace boutique. Palazzo Versace Dubai, set in landscaped gardens complete with a marina, is Dubai’s most prestigious waterside address.
Located on the foreshore of Dubai Creek in the prestigious Culture Village precinct , Palazzo Versace displays the House of Versace’s attention to detail, design innovation and core value of creating art through architecture, as well as the creation of a unique destination of exclusivity, beauty, quality and opulence. The Culture Village precinct is shaping up to be one of the most prestigious cultural hubs in the region and is being master planned by Dubai Properties.
Palazzo Versace Dubai provides one to six-bedroom residences, including single-storey and duplex residences, all providing views of the surrounding area, including the Dubai Creek, Culture Village and the landscaped grounds of Palazzo Versace.
The residences are remarkably spacious, the largest providing 9,626 sq ft (894 sq m) of internal living space, with an additional 4,619 sq ft (429 sq m) of outside balconies and terraces. All the residences have ample entrance halls and reception rooms, a large kitchen and luxurious master bedroom suites with walk-in closets and suite bathrooms with many also having outside terraces and balconies.
With more than 25 years experience, Sunland Group has a current portfolio of more than 10,000 high-quality properties internationally and in excess of AED 23.4 billion (£3.26billion/ AU$ 6.8billion) worth of construction in the pipeline. The Group provides residential housing, urban developments, multi-storey residential buildings, hotels and commercial properties.
Palazzo Versace Dubai is a Joint Venture development by Australian developer Sunland Group and Emirates International Holdings. The resulting partnership is called Emirates Sunland Group.
For more information about Palazzo Versace Dubai, please call free phone from Dubai 800 9002 or +971 4 3418 663 or visit www.sunlandgroup.com <http://www.sunlandgroup.com> or visit the showroom located in Building 6, Gold & Diamond Park, Interchange 4, Sheikh Zayed Road, Dubai.
