A three-bedroom duplex apartment in the Royal Atlantis has set a record for the highest price per square foot for a property on the Palm Jumeirah. The deal was signed for Dh44 million.
The deal, at Dh12,387 per square foot, is the second highest in Dubai after an apartment in the Bulgari Resort and Residences that was sold for Dh13,543 per sq ft.
The property has been acquired by a first-time Russian investor. Penthouse.ae, the entity facilitating the transaction, released a statement on Wednesday confirming the deal.