Living on the Palm used to be a realistic aim for only the super-rich of the Gulf. But today, with prices halved from last year, the dream lifestyle is in range of more mortal executives. A 6-bedroom Mediterranean style villa on Frond D is advertised for just over $3.5 million, and buyers could do better than that with a bit of haggling.
A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC.