Industry: Construction and hospitality
Company: FIVE Holdings
Designation: Chairman and Group CEO
Kabir Mulchandani is a hands-on developer who famously forwent his air-conditioned office in Downtown Dubai for a construction site while building his flagship FIVE Palm Jumeirah Dubai. The completion of the $1.17bn hotel sealed his successful comeback in the Dubai property industry. Not only did the hotel hand over its 220 stunning residences and 450 hotel rooms but it was also opened ahead of schedule.
Mulchandani and FIVE Holdings recently announced they have completed 60 percent of the construction of another five-star hotel, this time in Jumeirah Village Circle. The award-winning project, which is slated for completion in Q4 2018, will feature 247 hotel rooms and suites, 221 hotel apartments and 33 four-bedroom hotel apartments, all with private pools.
Mulchandani, who won a CEO Middle East award at the end of 2017, is a keen philanthropist. In the same month that FIVE Palm Jumeirah Dubai opened, he launched Project Udaan with the aim of saving a life a day in India. The project is funded by FIVE Hotels and Resorts and provides daily life-saving surgery to cure children who are born with congenital heart defects.