Dubai’s Versace palace takes shape | thenational.ae
Work on the Dh2.3 billion (US$626 million) Palazzo Versace Dubai is “well under way”, but original plans for a refrigerated beach have been scrapped after concerns over its environmental effects. Emirates Sunland Group said it was half-way through building the palatial hotel on Dubai Creek. Eighty per cent of the 169 private residences, which start from Dh17.7m, were sold before the economic crisis and financing had already been secured from a syndicate of banks, said Soheil Abedian, the managing director of Emirates Sunland Group.
