Palazzo Versace Dubai Residences
Culture Village, Dubai. Palazzo Versace. Eight years to build, then on the auction block at half its first asking price.
A fashion house's palace on Dubai Creek, eight years in the building. Begun in February 2007 and opened in November 2015, Palazzo Versace Dubai holds 215 hotel rooms and suites and 169 residences, every chair and curtain made by Versace for the building, in a neoclassical composition of courts, lagoon pools and gardens in Culture Village. It was the house's second Palazzo, after the Gold Coast in 2000; the Library holds the brand (LHL-004) and the hotel itself (LHL-H-576).
Since 2024 it has been for sale by auction, at falling prices. After its owner, Emirates PVD, ran into financial trouble, the resort was offered at about AED 1.4 billion, then around AED 1 billion, then AED 700 million, and most recently at a base bid of AED 600 million, per a research platform's successive headlines. The register records the sequence as published and makes no finding on its outcome.
The architect is Spatium in the encyclopaedia's infobox and PTW Architects at a research platform; the residences are one to six bedrooms in the opening report and two to three at a broker; the hotel has 214, 215 or 217 rooms, depending on the year of the source.
Who it is not for
Not for a buyer who needs a settled owner: the resort has been offered at auction repeatedly since 2024.
Sources
- en.wikipedia.org — Palazzo Versace Dubai (opened November 2015 on 130,000 m² in Culture Village on Dubai Creek; 215 hotel rooms and suites, 169 residences; architect Spatium; developer ENSHAA PSC; ten floors; in 2024 the owner, Emirates PVD, went through financial troubles and the resort was put up for online auction at nearly USD 380 million, AED 1.4 billion
- propsearch.ae (developed by Enshaa through its subsidiary Emirates PV Dubai Ltd; construction began February 2007, completed May 2015; operated by Versace Group; PTW Architects architectural consultant; auction asking price cut to AED 700 million after failing to sell at about AED 1 billion, and later a base bid of AED 600 million
- palazzoversace.ae (215 hotel rooms and suites and 169 residences, every piece of furniture and fabric designed and made by Versace for the building; nine restaurants and bars
- commercialinteriordesign.com 08.07.2021, reporting the opening (169 condominiums of one to six bedrooms; Gian Giacomo Ferraris, CEO of Versace; the first Palazzo Versace opened on the Gold Coast in 2000
- metropolitan.realestate 14.03.2025 (217-room hotel; 169 serviced apartments in two buildings; two- and three-bedroom units and a two-storey penthouse
- maisonvalentina.net (215 rooms and 169 condominiums, interiors by Donatella Versace
- REIDIN, Dubai Branded Residences 2025, p. 10 (named as 'Palazzo Versace Dubai')
Pages read are linked.
- commercialinteriordesign.com
- en.wikipedia.org
- maisonvalentina.net
- metropolitan.realestate
- palazzoversace.ae
- propsearch.ae
Verification
- Official source
- Checked
- Inventory
- From official source
- Property confirmation
- Pending
- Last verified
- —
Booking
Private Residences records addresses; it does not broker them. Enquiries are passed to the party named in the record, and nothing on this site is an offer.
Make an enquiryClassified by The Resort Collection House · Edition 2026 · PR-D-319
In the journal
22.09.2026 · Research intake, run 6 — a museum as a brand, and a palace on the auction block
Mandarin Oriental Residences on Saadiyat, 226 furnished homes by Bjarke Ingels, came with two brokers' errors now on the card rather than in it: a residency claim placed in the wrong emirate, and a price of AED 0.00. Palazzo Versace Dubai took eight years to build and has been on the auction block since 2024, its asking price falling from about AED 1.4 billion to a base bid of AED 600 million. Saadiyat Grove, named in the same reports, is an AED 8 billion master community, not a development; it is declined with that reason, and its branded component, the Louvre residences, is held on its own.
Named in research
- REIDIN · 2025 · Dubai Branded Residences — p. 10 — as “Palazzo Versace Dubai”, added to the register from 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 price | Not established | 22.09.2026 · searched in the record's sources; not published |
| Seller | Not established | 22.09.2026 · searched in the record's sources; not published |
| Construction status | Completed | 22.09.2026 · record sources |
| Emirate | Dubai | 22.09.2026 · 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.