FIVE Holdings of the Developer

Developers FIVE Holdings of the Developer
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~8 min
01/25/2024
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Introduction

Founded in 2011 as SKAI Holdings and later rebranded as FIVE Holdings in 2017, the company stands as a prominent Dubai-based vertically integrated real estate development and hospitality group.

FIVE Hotels and Resorts focuses on developing high-quality properties while providing world-class entertainment and luxurious lifestyle experiences to guests. The portfolio includes extraordinary locations such as the Dubai Jumeirah Village Hotel, the Jumeirah Beach Residence, and the Dubai Palm Jumeirah, each embodying the stunning architecture and stunning locations that define FIVE Holdings. As a leading force in the Dubai-based real estate industry, the company

offers diverse developments, spanning from the palm-fringed shores of Jumeirah Beach to the lush green terraces of Jumeirah Village.

History

Founded in 2011 as SKAI Holdings and later rebranded as FIVE Holdings in 2017, the company has a compelling history that underscores its resilience and strategic vision in the Dubai real estate and hospitality landscape.

The success story of FIVE Holdings began in 2010 when the company, then known as SKAI Holdings, made a strategic move by investing real estate proceeds in a distressed project in Jumeirah Beach Residence (JBR) called Bahar 4. Demonstrating foresight and confidence in the market's recovery following the global financial crisis, FIVE Holdings took a bold step and acquired the entire tower.

In a remarkably short span of six months, FIVE Holdings successfully sold all units in the Bahar 4 tower, realizing a substantial 46% profit. This early triumph marked a pivotal moment in the company's trajectory, showcasing its ability to navigate challenging market conditions and capitalize on emerging opportunities.

This astute investment and swift turnaround in the Jumeirah Beach Residence project laid the foundation for FIVE Holdings' reputation as a forward-thinking and dynamic player in the real estate development sector. The strategic decision-making and financial acumen exhibited during this period set the stage for the subsequent evolution and rebranding of the company as FIVE Holdings in 2017.

Average Prices for Properties

  • Jumeirah Village Circle. The FIVE Jumeirah Village Dubai offers hotel apartments for sale, with an average price of AED 1,299,000.

  • Jumeirah Beach Residence. The FIVE JBR Residences present apartments for sale with an average price of AED 2,700,000.

  • Penthouse with 2 bedrooms in FIVE Beach. For those seeking a more exclusive living experience, the penthouse with 2 bedrooms in FIVE Beach comes with a luxurious price tag of AED 12,000,000.

  • Apartments with 2 bedrooms in FIVE Beach, Jumeirah Beach Residence, are priced at AED 9,720,000. These upscale residences are designed to provide a premium lifestyle experience in one of Dubai's most sought-after beachfront locations.

Key Projects

FIVE Luxe

FIVE Luxe, a waterfront project by FIVE Holdings, extends the company's legacy of excellence, known for its distinguished work on the acclaimed FIVE Palm Jumeirah and FIVE Jumeirah Village Circle developments. Nestled in the heart of Jumeirah Beach Residence (JBR), FIVE Luxe is a testament to luxurious waterfront living in one of Dubai's most sought-after neighborhoods.

This exclusive project offers 100 sumptuous serviced apartments in Dubai, along with 231 magnificent suites, providing a diverse range of living spaces that cater to various preferences. The residences at FIVE Luxe range from 488 square feet to an expansive 5,100 square feet, ensuring that each resident finds a home that perfectly suits their lifestyle.

For those seeking the epitome of comfort and luxury, FIVE Luxe includes a selection of beach villas with direct access to the Persian Gulf. This distinctive feature allows residents to indulge in the finest waterfront living experience, with the gentle lull of the waves just steps away.

FIVE Palm Jumeirah

FIVE Palm Jumeirah stands as a prime example of the company's distinctive development approach, showcasing the essence of luxury living in Dubai. Positioned in a spectacular location, this iconic property features unique design and architecture that set it apart from the ordinary.

At the heart of FIVE Palm Jumeirah, an extraordinary 15m x 15m glass cube takes center stage, capturing the attention of all who encounter it. This architectural marvel serves as a focal point, symbolizing innovation and grandeur within the development.

Adding to the allure, an intricate wooden sculpture intricately weaves through the cube's interior, contributing to the property's artistic and visually striking elements. This artistic touch enhances the overall ambiance, creating a sensory experience for residents and visitors alike.

FIVE Jumeirah Village

FIVE Jumeirah Village is synonymous with the iconic FIVE Tower, a structure that has earned recognition through the receipt of over 30 awards. This architectural marvel is meticulously designed to optimize the utilization of natural light and warmth, contributing to its distinctive and visually appealing presence.

At a towering height of 800ft, the FIVE Tower commands attention, not just for its height but for the thoughtful integration of nature, luxury, and sustainability. It stands as a symbol of FIVE's commitment to redefining the skyline of Dubai with developments that seamlessly blend innovation, aesthetics, and a dedication to the well-being of both residents and the environment.

ZUHA Island

Nestled within the World Islands, a mere 15-minute journey from the bustling Dubai mainland, ZUHA Island emerges as a captivating luxury private resort hideaway, making its debut in Q4 2022. This exclusive development is the result of a collaboration between the esteemed ZAYA and FIVE Holdings, renowned entities known for their commitment to creating unparalleled living experiences.

ZUHA Island is set to host 30 limited edition waterfront palatial residences, each presenting a 6-bedroom floor plan. These opulent homes offer not only breathtaking views but also a tranquil ambiance, providing residents with an extraordinary retreat from the vibrancy of city life. The residences, stunning Dubai houses for sale, boast plots ranging from 24,000 to 41,000 square feet, with a generous built-up area of 19,656 square feet.

As part of the master plan, ZUHA Island also features a boutique resort that adds to the allure of this private haven. Comprising 80 beachfront residences, these accommodations are designed with the same commitment to luxury and tranquility as the private residences. It's important to note that these beachfront residences are not available for sale, enhancing the exclusivity of the resort.

ZUHA Island stands as a testament to the collaboration between ZAYA and FIVE Holdings, creating a haven where discerning individuals can experience the epitome of luxury living surrounded by the serene waters of the World Islands.

Conclusion

FIVE Holdings, a prominent player in the real estate and hospitality sectors, has made a substantial impact on the Dubai landscape. Renowned for its developments such as FIVE Dubai Palm Jumeirah Hotel, the company has demonstrated expertise in various aspects of the industry. With a portfolio of upscale residences, the firm strategically navigates different cycles of the real estate market. The company emphasizes positive impact through exacting processes and sustainable practices. As it continues to contribute to the development of the United Arab Emirates, FIVE Holdings stands out for its commitment to strong returns and excellence in the four key verticals—real estate, hospitality, restructuring, and investment. The firm's ventures, including the luxurious FIVE Palm Jumeirah Dubai and the exclusive ZUHA Island, exemplify its dedication to creating extraordinary spaces in Dubai and beyond.

FAQ

  • 1.

    Who is the founder of FIVE Holdings?

    The founder of FIVE Holdings is Kabir Mulchandani. As a disruptive and innovative visionary, Kabir Mulchandani serves as the Chairman and Founder of the company, shaping its trajectory with a strategic vision in the real estate and hospitality sectors.

  • 2.

    In which countries does FIVE Holdings have projects?

    FIVE Holdings has projects in the UAE and Switzerland, showcasing its international presence and diverse portfolio in real estate and hospitality. The company's ventures extend beyond the United Arab Emirates, reflecting a global footprint in the industry.

  • 3.

    Where is the head office of FIVE Holdings?

    The head office of FIVE Holdings is located in Dubai at 2604 Boulevard Plaza Tower 1, Level 14, Emaar Blvd, United Arab Emirates. Additionally, the company has two office locations.

  • 4.

    What are the upcoming projects of FIVE Holdings?

    Two upcoming projects of FIVE Holdings include FIVE Luxe, which is scheduled to be completed in Q1 2024, and ZUHA Island, anticipated to open on June 30, 2025.

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Creation date:
Update date: 05/29/2024