Best things to do in September 2025: Dubai plan your calendar

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<h2>Dubai&rsquo;s FIVE Holdings Eyes Global Growth with $460M Facility</h2>
<p data-start="353" data-end="838">&nbsp;</p>
<p data-start="353" data-end="838">FIVE Holdings has secured a USD 460 million revolving credit facility from Commercial Bank of Dubai, AAIB, and Santander. The agreement enables the Dubai-born hospitality group to pre-pay its USD 350 million bond three years early, reducing financing costs while unlocking USD 300 million in available capital for expansion. With a USD 500 million investment planned over the next two years, FIVE is preparing to scale its disruptive model across the United States, Asia, and beyond.</p>
<p data-start="840" data-end="1006">&nbsp;</p>
<p data-start="840" data-end="1006">More than a financial milestone, this deal signals something greater: Dubai&rsquo;s own homegrown hospitality player is shaping the future of global experiential tourism.</p>
<p data-start="840" data-end="1006">&nbsp;</p>
<h2 data-start="1008" data-end="1059"><strong data-start="1011" data-end="1057">From Distressed Assets to Global Disruptor</strong></h2>
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<p data-start="1061" data-end="1414">Founded by Kabir Mulchandani, FIVE Holdings has never followed the conventional playbook. Between 2010 and 2012, the group focused on acquiring and revitalising distressed projects across Dubai, seizing opportunities in the aftermath of the global financial crisis. By 2013, it had acquired land for what would become its flagship, FIVE Palm Jumeirah.</p>
<p data-start="1061" data-end="1414">&nbsp;</p>
<p data-start="1416" data-end="1738">The turning point came in 2017, when the company rebranded from SKAI to FIVE Holdings and officially opened FIVE Palm Jumeirah. Within a year, the hotel emerged as one of the city&rsquo;s most recognisable properties, capturing Dubai&rsquo;s glamour and energy with a musically driven identity unlike anything else on Palm Jumeirah.</p>
<p data-start="1416" data-end="1738">&nbsp;</p>
<p data-start="1740" data-end="2075">FIVE Jumeirah Village followed in 2019, offering a bold vertical resort concept, while the group continued to build scale. Even during the pandemic, when global hospitality faltered, FIVE doubled down, acquiring a distressed hotel in Zurich in 2020. The international footprint was solidified with the opening of FIVE Zurich in 2022.</p>
<p data-start="1740" data-end="2075">&nbsp;</p>
<p data-start="2077" data-end="2208">Today, FIVE operates across Dubai, Ibiza, and Zurich, with expansion in Spain, Asia, and the United States firmly on the horizon.</p>
<p data-start="2077" data-end="2208">&nbsp;</p>
<h2 data-start="2210" data-end="2245"><strong data-start="2213" data-end="2243">Dubai as the Creative Core for FIVE Holdings</strong></h2>
<p>&nbsp;</p>
<p data-start="2247" data-end="2575">Despite its global ambitions, Dubai remains FIVE&rsquo;s beating heart. The city&rsquo;s properties delivered USD 177 million in revenue during the first half of 2025, up 24% year-on-year, with EBITDA increasing 25% to USD 73 million. Occupancy at 85% and a RevPAR of USD 310 underscore how strongly its hotels perform against the market.</p>
<p data-start="2577" data-end="3007">&nbsp;</p>
<p data-start="2577" data-end="3007">Dubai is also where the brand&rsquo;s creative vision comes to life. The group&rsquo;s famed &lsquo;VIBLE&rsquo; &mdash; shorthand for the &ldquo;Vibe at FIVE&rdquo; &mdash; was conceptualised in 2018 in Dubai. It fused immersive gastronomy, nightlife, and live events with eco-conscious luxury, creating what the company describes as a &ldquo;Global Sustainable Entertainment Ecosystem.&rdquo; The model reflects both the ambition of Dubai and its ability to export cultural experiences.</p>
<p data-start="3009" data-end="3227">&nbsp;</p>
<p data-start="3009" data-end="3227">Every innovation, from electronic music-led live shows to culinary-led nightlife, is first tested in the city before being replicated abroad. In this sense, Dubai is not just FIVE&rsquo;s birthplace but its innovation lab.</p>
<h2 data-start="3229" data-end="3278">&nbsp;</h2>
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<h2 data-start="3229" data-end="3278"><strong data-start="3232" data-end="3276">The Pacha Group and the Ibiza Connection</strong></h2>
<p data-start="3280" data-end="3615">&nbsp;</p>
<p data-start="3280" data-end="3615">The acquisition of the iconic Pacha Group in 2023, valued at &euro;302.5 million, cemented FIVE&rsquo;s reputation as a global disruptor. The brand&rsquo;s integration has been swift and profitable. In the first half of 2025, Pacha generated &euro;43.2 million in revenue, a 14% increase from the previous year, with EBITDA advancing 26% to &euro;13.1 million.</p>
<p data-start="3617" data-end="3876">&nbsp;</p>
<p data-start="3617" data-end="3876"><a href="https://dubainight.com/news/rampa-pacha-icons-dubai">Pacha Nightclub</a> alone hosted 64 events in Q2 with more than 222,000 guests, while Destino FIVE Ibiza achieved an ADR of &euro;533 and 84% occupancy. The group&rsquo;s unique ability to scale entertainment-led hospitality across diverse markets has become its hallmark.</p>
<p data-start="3878" data-end="4159">&nbsp;</p>
<p data-start="3878" data-end="4159">Ibiza reflects a natural extension of what began in Dubai. The glamour, music-led entertainment, and high-energy lifestyle of Pacha are mirrored in FIVE&rsquo;s own DNA, proving that a Dubai-born brand can not only compete but thrive in Europe&rsquo;s most competitive nightlife destination.</p>
<h2 data-start="4161" data-end="4208">&nbsp;</h2>
<h2 data-start="4161" data-end="4208"><strong data-start="4164" data-end="4206">Financial Performance and Global Trust</strong></h2>
<p data-start="4210" data-end="4558">&nbsp;</p>
<p data-start="4210" data-end="4558">FIVE&rsquo;s ability to secure backing from leading banks is underpinned by robust performance. Revenue grew from USD 462 million in FY 2023 to USD 589 million in FY 2024, with EBITDA advancing from USD 178 million to USD 208 million. The first half of 2025 saw revenues rise another 21% to USD 298 million, with EBITDA climbing 24% to USD 105 million.</p>
<p data-start="4560" data-end="5221">&nbsp;</p>
<p data-start="4560" data-end="5221">Kabir Mulchandani explained:&nbsp;<em data-start="4589" data-end="5219">&ldquo;The support of leading global banks for this facility unwaveringly affirms their trust in FIVE Holdings&rsquo; vision and financial resilience. Our banking partners, who aligned with our vision as early adopters, have been instrumental in powering FIVE&rsquo;s growth. At FIVE, we identified early on the transformative power of experiential hospitality &mdash; where live gastronomy and high-energy entertainment driven by electronic music converge. This isn&rsquo;t just a trend; it&rsquo;s the future of global tourism. Our positioning today is no accident &mdash; it is the result of a bold, forward-thinking strategy, conceptualised and executed since 2018.&rdquo;</em></p>
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<p>&nbsp;</p>
<h2 data-start="5223" data-end="5253"><strong data-start="5226" data-end="5251">Dubai&rsquo;s Global Export: FIVE Holdings</strong></h2>
<p data-start="5255" data-end="5555">&nbsp;</p>
<p data-start="5255" data-end="5555">The story of FIVE Holdings underscores a broader narrative: Dubai is no longer a stage for international hospitality brands but an exporter of its own. FIVE has taken the glamour and innovation of its home city and successfully transplanted it to Europe, with Asia and America set to follow.&nbsp;For Dubai, this represents a shift in perception. Homegrown groups are not only defining the city&rsquo;s identity but shaping how global audiences experience entertainment-driven tourism. FIVE&rsquo;s expansion is therefore both a corporate milestone and a reflection of Dubai&rsquo;s evolving cultural influence.</p>
<h2 data-start="5857" data-end="5880">&nbsp;</h2>
<h2 data-start="5857" data-end="5880"><strong data-start="5860" data-end="5878">The Road Ahead</strong></h2>
<p data-start="5882" data-end="6125">&nbsp;</p>
<p data-start="5882" data-end="6125">With FIVE Luxe now open on JBR and Destino FIVE Ibiza launched this year, the group shows no signs of slowing down. Plans to expand across the United States and Asia will only reinforce its role as a pioneer of entertainment-led hospitality.&nbsp;For FIVE, the new USD 460 million facility provides the firepower to act swiftly, seize opportunities, and maintain momentum. For Dubai, it affirms that a brand born in the city can set new global standards.</p>
<p data-start="5882" data-end="6125">&nbsp;</p>
<p data-start="5882" data-end="6125">For more information on FIVE Holdings and its global expansion, visit <a class="decorated-link" href="https://www.five-holdings.com/" target="_new" rel="noopener" data-start="147" data-end="198">five-holdings.com</a>.</p>

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