There is no doubt that the UAE is home to some spectacular properties. From penthouse apartments to plush villas with sprawling gardens and incredible pools, it’s a real estate haven.
Each week, The National showcases some of the finest homes on offer in its Property of the Week. Here, we take a closer look at a penthouse at the Atlantis The Royal residences on Dubai's Palm Jumeirah.
The key details
This triplex penthouse has five bedrooms and is spread across a built-up area of 25,207 square feet. It is being sold as shell and core, so the new owner can impart their own interior design masterpiece.
The layout includes room for a gym or cinema amid the plentiful space on offer. While some of the penthouses have scope for a private pool on the terrace, this triplex has two pools inside the property. It is on the market for Dh180 million.
What's the story?
It's fair to say that when you mention luxury stays in Dubai to people around the world, the first thought will be Atlantis, The Palm (if not Burj Al Arab), and its distinctive Arabian design.
That opened way back in 2008 and the city has undergone quite a change since then, not least on Palm Jumeirah, which is now filled with top-end residences and swanky hotels.
Now, it's time for another notable addition to the skyline, and hospitality and residential offerings, in the form of the Atlantis The Royal resort and residences.
It is located next to Atlantis, The Palm, and is 43 storeys tall with twin towers and no fewer than 90 swimming pools.
In contrast to the architecture of its neighbour, it is presented in columns stacked on top of one another – almost like a more horizontal game of Jenga, but it is certainly a creation that will make a lasting impression.
As much as it is a place to stay, it has also been designed as a living experience, with a sky pool set 90 metres above ground and with fantastic views of the city and the surrounding sea.
There is a spa and state-of-the-art gym, beach access and a collection of restaurants from celebrity chefs including Heston Blumenthal and Ariana Bundy.
In the words of its developer Kerzner International: "Guests have been asking to own a piece of the Atlantis experience. Now, they can."
What the broker says ...
When is the development set to open?
The hotel is set to open its doors during Q1, 2022.
What will the owner get that they can't get elsewhere in Dubai?
Access to six celebrity restaurants, including the first restaurants in the Middle East from Jose Andres and Heston Blumenthal, and state-of-the-art amenities. Located on the tip of Palm Jumeirah, the project offers unobstructed views of the sea, as well as the Palm and the Dubai Marina Skyline. Residents have direct access to more than two kilometres of private beach between the property and the neighbouring Atlantis, The Palm, resort, and there is also convenient access to Aquaventure, the world's largest water park.
Will it feel like living in a holiday resort?
Yes, without compromise on privacy and exclusivity. Every detail of recreation and entertainment has been designed for a top-notch experience.
What level of interest has there been so far and what kind of buyers are interested?
There have been record sales in the past two months compared to the past three years. The market is extremely strong as there are no other new projects enjoying such a prime seafront position and such an incredible level of design, not to mention so close to completion already. The majority of interest and transactions have been from clients who are internationally based, mostly from across Europe.
– Riccardo Scala, head of luxury sales and luxury leasing, LuxuryProperty.com
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COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
Match info
Liverpool 4
Salah (19'), Mane (45 2', 53'), Sturridge (87')
West Ham United 0
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
Race results:
1. Thani Al Qemzi (UAE) Team Abu Dhabi: 46.44 min
2. Peter Morin (FRA) CTIC F1 Shenzhen China Team: 0.91sec
3. Sami Selio (FIN) Mad-Croc Baba Racing Team: 31.43sec
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Heather, the Totality
Matthew Weiner,
Canongate
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
RESULTS
1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)
2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer
3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.
4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman
4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.
MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
