Mon, Jan 23, 2017

Real Estate & Property
Super-prime Palm residences go on sale

Luxury homes at The Royal Atlantis Resort & Residences on the Palm Jumeriah in Dubai have gone on sale at prices starting from $2 million.

The $1.4-billion hotel and resort, which is being built for Investment Corporation of Dubai (ICD) at a cost of $1.4 billion, will be managed by Kerzner International, a leading developer and operator of destination resorts and luxury hotels.

Spread over 10 hectares of land, the Royal Atlantis Resort & Residences will offer 231 residences, and 795 new lavish guest rooms and suites.

Located on the crescent of The Palm and next to the iconic Atlantis resort, this new generation of distinctive luxury will offer a sophisticated lifestyle experience encapsulated in dramatic architecture, the developer says.

The Royal Atlantis Residences are destined to become a new landmark, world-renowned address and will be Dubai’s first super-prime residential development, it adds.

The residences will consist of a selection of two, three, four and five-bedroom homes, Sky Courts, Penthouses and Garden Suites. 

Sales of the residences are being managed by Knight Frank.

“We are incredibly proud to launch The Royal Atlantis Residences in Dubai. Building on the success of Atlantis, The Palm, this next phase of Atlantis, including the luxury residences of The Royal Atlantis, will continue to drive the growth of Dubai forward,” comments Issam Galadari, Director, The Royal Atlantis Resort & Residences. “The development will become the new landmark of Dubai and will support the ‘Dubai Plan 2021’ in positioning it as one of the best places to live in the world.”

“The timing was right for to build another iconic structure and to continue the Atlantis experience in a new way; creating a home and a community for families to live,” comments Jean-Gabriel Pérès, President and Chief Executive Officer, Kerzner International. “Dubai has always been important for us and Kerzner will continue to support to develop this amazing destination.  We are working with the best in the industry, including world-class architects, designers, and artists to create bespoke homes that will allow people to live in the highest quality residences.”

With prices starting at approximately AED7.65 million (circa $2 million), the residences will consist of contemporary living spaces with uninterrupted views of the ocean or across the waters of The Palm towards the Dubai city skyline. 

A team of international experts have come together including award-winning architects KPF Associates, residential interior designer Sybille de Margerie, water feature creators WET, and sky pool and lounge designer David Mexico to create the newest icon in Dubai.

“The Royal Atlantis Residences will provide the ultimate lifestyle experience in Dubai and beyond,” said Serge Zaalof, Chief Operating Officer, Atlantis Resorts and Residences. “I am thrilled that we are able to offer an extraordinary destination that will forever enhance the landscape of Dubai and offer experiences to resorts guests, residents and visitors alike.”

“We are excited to be working alongside Kerzner International to support the sales of The Royal Atlantis Residences on The Palm in Dubai,” says Maria Morris, Partner, Knight Frank. “Through Knight Frank’s established global network and our experience of marketing world-class developments, we have already received strong initial interest from our global client base, keen to invest in the development. Our international clientele is looking for a new level of luxury in the prime market in Dubai, and The Royal Atlantis Residences delivers on these requirements. This project will not only be best-in-class for Dubai but will certainly be one of the best projects globally.”

The 43-storey project is being built at a cost of $1.4 billion and is due for completion in 2018, according to reports.

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