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 buy versace home apartment complex gulf states|Sale in Palazzo Versace: Ultra Luxurious Exploring the Al Fahidi Historical Neighbourhood of Dubai. January 16, 2023. Al Fahidi Historical District (once known as Al Bastakiya) located in Bur Dubai, is an oft-missed gem in a city of gleaming towers and wall-to-ceiling windows. With traditional houses and winding streets, it is like stepping back in time to life at a slower pace.