Kabir Mulchandani

Kabir Mulchandani, is the founder and chairman of Five Holdings, a Dubai-based real estate firm, known for its luxury party hotels and resorts in the Middle East, Spain, and Switzerland.

Established in 2011, Five Holdings is set to go public on the Dubai stock exchange in 2025.

Mulchandani, originally from Mumbai, India, began his career in his family’s consumer electronics business before relocating to Dubai in the early 2000s to invest in real estate.

In November 2023, Five Holdings made a significant acquisition of the Pacha Group, which owns hotels and nightclubs in Ibiza, Spain.

The company’s portfolio boasts three luxury hotels in the UAE – Five Palm Jumeirah, Five Jumeirah Village, and Five Luxe. It also includes Five Zurich in Switzerland, and two hotels in Spain, Destino Pacha and El Hotel Pacha, along with the nightclub Pacha Ibiza.

Additionally, Five Holdings owns two fashion lines as well as a private jet experience, a music label, and and Five Music Studio.

Five Holdings has earned an “A” grade ESG rating from ISS Corporate Solutions, the highest across all sectors.  This underscores the firm’s commitment to creating a ‘Global Sustainable Entertainment Ecosystem,’ integrating immersive entertainment with innovative F&B concepts, catering to an international and eco-conscious audience of luxury-loving millennials and Gen-Z customers.