Seven years after it started construction, Palazzo Versace Dubai will finally open its doors next year.
The developer, Enshaa expects construction work to be finished on the hotel before the end of next March, according to The National.
Recruitment for the 215-room property started last month, with former Burj Al Arab general manager Heinrich Morio recently leaving his position at the Jumeirah hotel to take up the same role at Palazzo Versace, which is located on the banks of Dubai Creek, within the Dubai Culture Village project.
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 169 luxury condominiums, and a Versace-designed hotel with 215 suites.
UAE-based Enshaa at the time had a 50 percent stake in Palazzo Versace Gold Coast in Australia, a Sunland-developed property which had been open for around a decade.
In October 2011, Enshaa Services Group, another subsidiary of Enshaa, took control of the project as part of a swap deal.
Under the agreement, Enshaa agreed to relinquish its stake in the Australian property in exchange for full ownership of the Palazzo Versace in Dubai.
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