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PR-D-301 · Selected · Hotel-Branded Residences

FIVE Palm Jumeirah Residences

Palm Jumeirah, Dubai. FIVE. Opened as a Viceroy, renamed within three months.

Editorial entry · sources recorded · property confirmation pending

It opened on 31 March 2017 as Viceroy Palm Jumeirah Dubai, and within three months it was not. On 19 June the owner, Kabir Mulchandani's FIVE Holdings — until then SKAI Holdings — took the hotel over and changed every sign overnight, ending a management agreement Viceroy had signed in 2013 for thirty years. Viceroy won a preliminary injunction from the DIFC Courts ordering its reinstatement on 22 June; the dispute passed between the Dubai courts and Los Angeles, where both sides' claims were dismissed. FIVE launched its own hotel brand on the building in October. The property, reported at AED 4.3 billion, holds 220 residences and 450 hotel rooms on Palm Jumeirah.

The departure is kept on the record (Codex 4.6): a building that has left a brand and one that never carried it read the same unless the leaving is written down. The owner's company is dated to 2011 in two sources and 2013 in a third; the encyclopaedia article on its founder carries a notice that it may have been edited for undisclosed payment, and the register cites it for dates only.

Who it is not for

Not for a buyer who wants a quiet building: the hotel's identity is its nightlife and entertainment.

Sources

  • hoteliermiddleeast.com (Viceroy Hotels and Resorts no longer operates its Palm Jumeirah property, taken over by FIVE Holdings' Kabir Mulchandani less than three months after opening on 31 March 2017; FIVE Holdings previously SKAI Holdings; formal brand launch October 2017; an AED 4.3 billion (USD 1.17 billion) property formerly known as Viceroy Palm Jumeirah Dubai
  • arabianbusiness.com (the USD 1.17 billion hotel handed over its 220 residences and 450 hotel rooms and opened ahead of schedule
  • luxhabitat.ae ('FIVE Palm Jumeirah (Viceroy Residences)'; SKAI Holdings, renamed FIVE Holdings, established 2011
  • en.wikipedia.org — Kabir Mulchandani (founded SKAI Holdings in 2011, renamed FIVE in 2017 — the article carries a notice that it may have been created or edited in return for undisclosed payments
  • mena.entrepreneur.com 19.02.2026 (SKAI founded in 2013, rebranded FIVE in 2017
  • cbnme.com 19.08.2025 (FIVE Holdings: FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE LUXE, FIVE Zurich; The Pacha Group acquired for EUR 303 million in 2023
  • REIDIN, Dubai Branded Residences 2025, p. 10 (named as 'FIVE Palm')
  • hotelmanagement.net 27.06.2017 (the DIFC Courts ordered that Viceroy be allowed to exercise its authority to manage the hotel, after the owner announced on 19 June that FIVE would take over)
  • hoteliermiddleeast.com — 'LA court throws out both Dubai-based Five Holdings and Viceroy Hotel Group's cases' (a 30-year agreement signed in 2013; signs changed overnight on 19 June 2017; preliminary injunction of 22 June 2017; the Los Angeles Superior Court dismissed the claims)

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Classified by The Resort Collection House · Edition 2026 · PR-D-301

Related entries

Hotel-Branded Residences · Middle East

In the journal

22.09.2026 · Research intake, run 2 — four more from Dubai

Four names from the Dubai reports, each checked against independent sources and written the same day. FIVE Palm Jumeirah opened on 31 March 2017 as a Viceroy and was taken back by its owner within three months; the departure is kept on the record rather than lost in the renaming. Address Residences The Bay is Emaar's own brand on Emaar's own beachfront; its entry price is published four ways and its completion three, and no source gives how many homes it holds.

22.09.2026 · Sources re-read: links restored to nineteen records, and five cards corrected

Four Seasons Private Residences Los Angeles: the card said the penthouse was asked at USD 75 million and later at USD 50 million; it in fact sold in February 2025 for USD 15 million, as an unbuilt shell, and the later USD 50 million figure was a stale repetition. FIVE Palm Jumeirah Residences: the card said Viceroy left with no reason given; the takeover was contested in the DIFC Courts, which ordered Viceroy reinstated, and then in Los Angeles. Como Residences: the AED 500 million penthouse sale is reported by several outlets, not one, though no Land Department record reaching the register shows it.

Named in research

Reports are catalogued in ResearchCorrespondence and linked to their publishers; the register does not republish them.

Investment migration — the facts the rule turns on

The rule for UAE: Residence permit above a threshold — checked 24.09.2026.

Entry priceNot established22.09.2026 · searched in the record's sources; not published
SellerNot established22.09.2026 · searched in the record's sources; not published
Construction statusCompleted22.09.2026 · record sources
EmirateDubai22.09.2026 · record place

The register publishes the facts and the rule; it does not say whether any purchase qualifies. Eligibility attaches to a sale, not to a building, and the register is not immigration counsel.