A luxury penthouse at Atlantis The Royal Resort & Residences was successfully sold for AED 64M by Metropolitan Premium Properties

The year of 2021 has been spectacular in terms of property sales for Metropolitan Premium Properties. In fact, the award-winning Dubai-based real estate agency has just sold a 4-bedroom penthouse at Atlantis The Royal Resort & Residences for AED 64M (USD 17.4M). The luxury 8,300 sq.ft residence with a private swimming pool and unparalleled views of Palm Jumeirah was acquired by a European buyer. This is the second most expensive property in the development, following the top-floor 5-bedroom penthouse triplex, also listed by MPP. The latter residence was sold for AED 180M (USD 49M).

According to Nikita Kuznetsov, partner of Metropolitan Group and CEO of Metropolitan Premium Properties, the above-mentioned transaction is one of the agency’s biggest this year, and perfectly showcases that Dubai remains one of the most popular destinations worldwide for high-net-worth-individuals. Concluded just in 4 days, this transaction has also proved the strong confidence of investors in Dubai’s economy and property market. In particular, MPP has witnessed a surge in demand among buyers from the CIS, the UK and other parts of Europe, such as Austria, Germany and France.

One of the company’s largest deals was 2 penthouses situated in the W Residence, Palm Jumeirah, which were sold for AED 102M (USD 27.8M) to the same purchaser. Not forgetting a generously sized Royal Atlantis Garden Villa sold for AED 44M (USD 12M) and luxury property in the sought-after Il Primo, which was bought at a price of AED 42M (USD 11.4M).

Atlantis The Royal Resort & Residences is situated on the crescent of the Palm, offering 241 ultra-luxury serviced apartments, along with 102 suites and 693 hotel rooms. Among other state-of-the-art amenities, the highly-anticipated development will feature a library, 90 swimming pools, including a rooftop infinity pool, a fully-equipped private beach and an outdoor relaxation/ yoga lawn. In addition, there will be 17 exquisite  F&B venues, with 8 of them operated by world-renowned celebrity chefs, such as Heston Blumenthal, Jose Andres and Ariana Bundy, among others.

You can go to the source of the publication and read it in full

Go back Go to Arabian Business

Rate the article:
  1. 5
  2. 4
  3. 3
  4. 2
  5. 1

Recent media posts

Our newsletter

Sign up for our weekly newsletter for market updates!