The building, now known as the Palace of Happiness, was built between 1911 and 1912 in neo-Gothic style and designed by Polish architect Jozef Ploszko. The palace was founded by oil tycoon Murtuza Mukhtarov as a gift for his wife Liza. An intriguing feature is the statue above the entrance to the palace, depicting the famous Polish knight Zawisza Czarny.

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