Kabir Mulchandani

Mulchandani is the chairman and chief executive of FIVE Holdings, the Dubai-based hospitality and real estate group behind the FIVE Hotels & Resorts brand. Over the past decade, he has steered the company into one of the region’s most recognisable names in experiential luxury, expanding across the UAE and Europe.

FIVE Holdings oversees a portfolio exceeding $2.9bn in assets, including FIVE Palm Jumeirah, FIVE Jumeirah Village and FIVE LUXE in Dubai, FIVE Zurich in Switzerland, and a growing European presence following its €302.5m acquisition of The Pacha Group in 2023. It recently added Destino Five Ibiza, Pacha Hotel and Pacha Ibiza nightclub to its holdings, along with brands such as WooMooN, FIVE Mode, The Pacha Collection, Fly FIVE and FIVE Music.

Under Mulchandani’s leadership, FIVE has pursued what he calls a “Global Sustainable Entertainment Ecosystem”, blending high-energy hospitality with environmental responsibility. All FIVE hotels in Dubai, Zurich and Ibiza now operate on 100 per cent renewable electricity, while properties in Dubai and Zurich hold LEED Platinum certification. Pacha Hotel recently became the first and only hotel in Ibiza to receive the same recognition, as well as Pacha Ibiza, which now stands as the world’s first and only LEED Platinum nightclub.

In Q3 2025, FIVE recorded Dhs612.8m in revenue and Dhs155m in EBITDA. For the nine months to September 2025, total revenue reached Dhs1.70bn, an 11 per cent uplift year-on-year, while total EBITDA closed at Dhs540.9m. A $460m revolving credit facility secured in September 2025 from Commercial Bank of Dubai, AAIB and Santander strengthened its liquidity for global expansion plans across the US, Asia and the UAE.

Through its Pacha Foundation and corporate initiatives, FIVE Holdings has contributed nearly $3m to community programmes, including over 650 life-saving operations and educational support for more than 1,500 young girls each year. FIVE was named Hospitality Company of the Year at the Gulf Business Awards 2025 and ranked among Fast Company Middle East’s Most Innovative Companies in Travel and Tourism.