Marketing as one of the Ultimate in Dubai Property Developments Palazzo Versace located at Dubai Creek original Developer pulls out for pastures new.
Sunland group a Australian backed developer as decided to swap its 51% of its original shareholding for 100% holding of the one and only Palazzo Versace hotel in the Gold coast Australia which is currently operational and is considered one of the number one hotels in the World.
Emirates Investment Holding will effectively undertake a swap for their share in the Australian resort and both companies become 100% owners in the relevant countries.
The Versace hotel in Dubai currently under construction boasts 169 private suites and 213 hotel rooms, the development was sold to investors as a very high end product with property prices to match and the company as experienced problems with investors continuing with payments
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