Maktoum bin Rashid Al Maktoum
In 2005, Emirates International Holdings acquired 50% of Palazzo Versace Gold Coast at the same time entering into a joint venture to develop a chain of hotels including a similar hotel in Dubai. In 2006 Maktoum bin Rashid Al Maktoum died here. In September 2012 a conditional contract was entered into to sell the hotel complex to a Chinese consortium.