THE ROYAL ATLANTIS RESORT & RESIDENCES, DUBAI’S FIRST SUPER PRIME DEVELOPMENT

Dramatic new addition to Dubai’s skyline, will support the city’s dynamic growth

DUBAI, United Arab Emirates – The Royal Atlantis Resort & Residences, a fully-owned subsidiary of Investment Corporation of Dubai (ICD), is the first super prime development in Dubai. Located on the crescent of The Palm next to the iconic Atlantis, The Palm resort, this new generation of international luxury living will offer a sophisticated lifestyle experience encapsulated in dramatic architecture. The Royal Atlantis Resort & Residences is part of the future skyline and growth of Dubai. As an iconic landmark and a world-renowned address, it will support the UAE’s Vision 2021 to elevate the country to rank as one of the world’s best in which to live and work.

According to recent Knight Frank research, Dubai has witnessed an increase in the population of 85 per cent 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 one of the best addresses and landmarks globally with The Royal Atlantis Resort & Residences.

The Royal Atlantis Residences will consist of a selection of two, three, four and five-bedroom homes, Sky Courts, Penthouses and Garden Suites. When completed, The Royal Atlantis Resort & Residences will offer 231 Residences and 795 new lavish guest rooms and suites in the Resort on over 10 hectares of land.

“This year has seen fantastic feedback on the launch of The Royal Atlantis Resort & Residences in the Middle East and around the world. 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 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 Timothy Kelly, Executive Vice President and Managing Director for Atlantis Resorts & Residences. “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 AED 6,995,000 (circa $2m/£1.7m), The Royal Atlantis 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 – the 90-metre sky-high infinity pool experience – David Mexico to create the newest icon in Dubai.

“The Royal Atlantis Resort & Residences will provide the ultimate lifestyle experience in Dubai and beyond,” Kelly adds “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.”

“The vision of Dubai is absolutely remarkable—not only attracting people from around the world that want to come here on vacation but to come to live in the best environment. Atlantis, The Palm will always be the iconic holiday destination of choice, but now The Royal Atlantis 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. A city that now ranks alongside the likes of Singapore, London or New York as a hub for global business, a true crossroads”.

“We are excited to be working alongside Kerzner International and Investment Corporation of Dubai 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 interest from our global client base. Our research shows that 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.”

For Residential inquiries, please contact Knight Frank’s Global Sales Team on +971 4426 2888 or theroyalatlantis@knightfrank.com

***ENDS***

For further information, please contact:

The Royal Atlantis Resort & Residences:Linda Abdual Hay+971 55 200 4581Linda.AbdulHay@atlantisthepalm.com

For Knight Frank:Astrid Etchells, International PR Manager+44 20 7861 1182astrid.etchells@knightfrank.com

The Royal Atlantis Residences are redefining the concept of international luxury living. Located on the crescent of The Palm, next to the iconic Atlantis, The Palm resort, The Royal Atlantis will deliver sky high homes with architectural and design masterpieces that have never been seen before, conceived by the world’s leading architects, designers and artists. With the contemporary living spaces offering uninterrupted views of the ocean and the Dubai city skyline, residents will also be able to enjoy a variety of unique amenities including, soaring private gardens with their own pools, an awe-inspiring rooftop infinity pool suspended 90 metres above The Palm, relaxing private beaches and world-class restaurants with award-winning celebrity chefs.

Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment and gaming experiences. Kerzner’s flagship brand Atlantis, includes Atlantis, The Palm, Dubai, a 1,500-room,

water-themed resort on The Palm, overlooking the Arabian Sea and mainland Dubai; and Atlantis, Sanya Hainan in China, under development, as well as The Royal Atlantis Resort & Residences in Dubai. Under the One&Only brand, Kerzner manages eight of the top-rated ultra-luxury resort properties in the world, located in The Bahamas, Mexico, Mauritius, the Maldives, South Africa, Dubai and Australia. Additionally, Mazagan Beach & Golf Resort, a 500-room destination golf and casino resort in Morocco, is also operated by Kerzner. For more information concerning Kerzner and its operating subsidiaries, visit kerzner.com.

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner, Newmark Knight Frank, operate from 242 offices, in 43 countries, across six continents. More than 7,067 professionals handle in excess of US$817 billion (£498 billion) worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com.