Depa signs Dhs129m contract for prestigious Palazzo Versace Hotel, Dubai

The project is due for completion on 30 April 2010.

The luxury $395m Palazzo Versace Resort, designed by one of the world's leading international design fashion houses, will be located in Culture Village, a Dhs50bn ($13.6bn) leisure and tourist project being developed by Dubai Properties on the edge of the Dubai Creek. The hotel will span 37,224 square metres and will feature the world's first refrigerated beach so that guests can walk comfortably across the sand on hot days.

Depa's scope of work includes the complete fit-out works for 197 out of 213 hotel guest rooms and all of the 169 luxurious furnished apartments. Depa was appointed by Emirates Sunland Group (ESG), a Dubai-based joint venture between Enshaa PJSC, a regional real estate developer and Australia-based property developer, Sunland Group Limited.

Mohannad Sweid, Chief Executive Officer, Depa Limited commented:

"We are extremely proud to have been selected for this unique project and are very much looking forward to establishing a solid relationship with the Emirates Sunland Group. Our work on Burj Al-Arab, Emirates Palace, Atlantis the Palm and other iconic hotels has positioned us well to win this prestigious contract. This project fits well with our strategy for 2010 and as always, we are committed to delivering the highest quality service within the client's budget and timeframe."

The Palazzo Versace Hotel in Dubai is the second of its kind in the world, the first one being Palazzo Versace Australia, which opened in the year 2000 in Queensland. It is considered the most luxurious hotel in Australia and is a member of 'Leading Hotels of the World', a unique luxury hospitality organization.