THE Royal Atlantis Resort & Residences, a fully-owned subsidiary of Investment Corporation of Dubai (ICD), is the first super prime development in Dubai and will be located on the crescent of The Palm. The Royal Atlantis Residences builds on the impressive reputation of Atlantis The Palm, Kerzner’s first flagship project in the UAE, and is a new generation of international luxury living that will offer a sophisticated lifestyle experience encapsulated in dramatic architecture.
After ten years of insightful understanding of the real estate industry, the developer considered the emirate was ready to set a new high standard for luxury and quality that has not been witnessed before. The project is part of the future skyline and growth of Dubai. As an iconic landmark and a world-renowned address, it will support the Dubai Plan 2021 to continue elevating the city to rank as one of the world’s best in which to live and work.
According to recent regional Knight Frank research, Dubai has witnessed an increase in population of 85 percent over the last decade. It is the fourth most important city for global entrepreneurs and the fifth for quality of family life (Knight Frank Global Lifestyle Review 2016). As an expanding regional and global transport hub, it sets the bar for connectivity around the world with 220 million passengers expected to fly into Dubai’s airports by 2020.
In addition, 217 nationalities invested in Dubai property during the 18 months leading up to 2017, which further consolidates the right conditions to offer the right investors — whether looking for an investment or a second home — one of the best addresses and iconic landmarks globally with The Royal Atlantis Residences. According to the Dubai Land Department (DLD) figures, a total of Dh151 billion was invested by foreigners in the Dubai property market in the 18-month period to August 2017, and Saudi Arabia ranked first regionally for the highest amount of investment transactions.
The Royal Atlantis Residences will feature a selection of two, three, four and five-bedroom homes, Sky Courts, Penthouses and Garden Suites. When completed by Q4 2019, the Royal Atlantis Resort & Residences will offer 231 residences and 795 lavish guest rooms and suites in the Resort on over ten hectares of land. The development will consist of contemporary living spaces with uninterrupted views of the ocean or across the waters of The Palm towards the Dubai city skyline. This exciting project has combined an exceptional team of international experts in the industry including award-winning architects — KPF Associates; residential interior designer – Sybille de Margerie; water feature creators — WET, and sky pool and lounge designer — David Mexico, creator of the 90 meter sky-high infinity pool experience to create the newest icon in Dubai, to create the newest icon in Dubai.
The Palm witnessed a strong revival in 2017 with its continued development that has boosted interest from regional and international investors. To date, there is a mix of over 50 different nationalities who have expressed their interest and are all looking for a new level of luxury in the prime, and new super prime market in Dubai. The Royal Atlantis Residences delivers on these requirements. This resurgence of the Palm has encouraged The Royal Atlantis and Knight Frank, the exclusive sales agent, to release a further 20+ residences, taking the tally up to 50, with the entry set at Dh6.99 million (circa $1.9 million/£1.4 million).
Kerzner, ICD and its partners are committed to continue driving the growth of Dubai forward. Atlantis, The Palm will always be the iconic holiday destination of choice, and now The Royal Atlantis Residences will provide the ultimate residential address. Dubai is the definitive global city providing incredible infrastructure, great schools, health care and safety, world-renowned retail, and world-class restaurants. It is now ranking alongside the likes of Singapore, London or New York as a hub for global business, a true crossroads. — SG
