Hospitality, real estate, entertainment: Kabir Mulchandani

As the founder and executive chairman, Kabir Mulchandani has overseen the rapid expansion of FIVE Holdings, a company that integrates luxury hospitality, innovative real estate, and world-class entertainment into its diverse portfolio.

Mulchandani’s entrepreneurial journey began in 2004, when he entered the real estate market in Dubai. Recognising the potential for synergy between real estate and hospitality, he founded FIVE Holdings in 2011. Under his leadership, the company has grown into an influential player in the global hospitality and entertainment industries.

Today, FIVE Holdings boasts a rapidly expanding portfolio that includes iconic properties and entertainment assets across the globe.

The company’s flagship hotels include: FIVE Palm Jumeirah and FIVE Jumeirah Village in Dubai; FIVE LUXE in JBR; FIVE Zurich in Switzerland, which marked the company’s expansion into the European market in 2022, and Destino Five Ibiza and El Hotel Pacha in Spain, reflecting FIVE Holdings’ growing footprint in Europe.

Beyond hospitality, FIVE Holdings has made significant inroads into entertainment, fashion, and music.

Key assets include Pacha Ibiza Nightclub, one of the world’s most famous nightlife brands, FIVE Mode and The Pacha Collection, high-end fashion lines that combine the essence of luxury lifestyle with fashion-forward design, a range of lifestyle and nightlife assets such as Toy Room Clubs and WooMoonStorytellers, which span multiple international markets, FIVE Music, alongside the establishment of the FIVE Music Studio, adding to the company’s multifaceted entertainment strategy.

FIVE Holdings reported Dhs1,531m in revenue for the nine months ended September 2024 and an EBITDA of Dhs525m, reflecting robust growth and consistent performance, and has a total asset value of $2.9bn.