Billionare’s Square Dubai

Billionare's Square Dubai
0 0
Read Time:1 Minute, 42 Second

Billionaire’s Square will be built on the current site of the Palladium entertainment venue in Dubai Media City, and is scheduled for full completion in December next year.

“Billionare’s Square” is still in the state of a developing project and it is going to be built in Dubai, replacing the Palladium in Dubai Media City. This project will be the result of a successful colaboration between Pragma Group, originated in Lebanon, and  the Italian bussinessman Flavio Briastore, former Formula One Manager. The Palladium site was purchesed this year in June. As for “Billionere’s Square”, it will, reportedly, be comprised of a boutique hotel, up to 45 suites, a bar and grill, a fitness club and restaurants. The project  is to be finished in December 2011 and it is going to be run, according to the investors by “a famous brand”.

“Billionare’s Square’ is targeting the mid upper segment of the market. The lead architectural consultant will be MZ Architects  but the full contractor hasn’t been appointed yet, according to Joe Tabet, chairman of the Pragma Group.  The investment is estimated at $150m and it is said that $60m will be spent on the renovation of the Palladium alone. It is, however expected to turn profit as soon as the first year.  Acording to Briatore, the reason why Dubai is the chosen location for this project is because they try to mix the useful with the plasurable, seeing how Dubai is both a great place for bussiness and for going on holyday.

“Billionare’s Square” will be comprised of a full range of services, from entertainment to wellness. According to Joe Tabet “This the first time we will bring together a 360 lifestyle offering under one roof”. It will have The 400 Fitness Club  (offering training as well as nutritional planning). In addition, it’s also said that it will have  “zero gravity yoga”.

“Billionaire’s Square” brings about a lot of excitement along with promises of luxurious lifestyle elements. Guess we’ll just have to sit tight and wait to see the outcome.

Billionare's Square Dubai

About Post Author

Abbie M

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

News & Trends

How Influence Networks Can Help Startups

Whether it’s career success or social capital, having strong influence networks is important and beneficial. Especially in a very interconnected world, influence helps form strong connections for university students and professionals alike. Students with established networks in school can lead to career-defining opportunities later down the road while professionals are able to gain informational interviews, […]

Read More
News & Trends

Compliance and Reporting Requirements for Corporate Taxes in the UAE

Are you a business or corporation operating in the UAE and want to ensure that your organization is compliant with all necessary corporate tax regulations and requirements? It can be tricky to understand all of the complexities of corporate taxation, particularly if it’s not an area you specialize in. Don’t worry – this blog post […]

Read More
News & Trends

All types of Auditing Services in UAE

Audit firms in Dubai provide auditing Services to entrepreneurs & business companies in UAE helping them get accounts audited every year.  The auditing Services in UAE performed by audit firms in Dubai are extremely essential for the management of business & firms in Dubai and UAE as it ensures that the company’s records are in […]

Read More