Dubai Properties, a member of Dubai Holding, has signed an agreement with Emirates Sunland Group (ESG) to develop the Dh2.56 billion ($697 million) Palazzo Versace Resort at Culture Village.

The 215-suite resort will be built on 130,000 sq m of prime land in Culture Village along Dubai Creek, which is being developed by Dubai Properties.
“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,” Dubai Property chief executive officer Hashim Al Dabal says. “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.”
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 project highlight is an artificial temperature-controlled beach to attract the elite leisure traveller.
ESG joint managing director Soheil Abedain says 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.