In May 2005, plans were unveiled for the development of the second Palazzo Versace in Dubai. The Palazzo Versace Dubai resort and condominiums will be a landmark project of the new Culture Village master development on the Dubai Creek. EIH finalized a purchase agreement with Dubai Properties, securing a premium waterfront plot with easy access to main roads, and unobstructed views on the Dubai Creek. With 216 hotel rooms and 188 condominiums, the smallest hotel room size will be 65 square meters and the suites to rooms ratio will be higher then the average for five star hotels.