Metropolitan Premium Properties Sells AED 64 Million Penthouse in Atlantis The Royal Resort & Residences

Metropolitan Premium Properties, a full-service real estate agency specializing in selling luxury properties, has sold a penthouse for AED 64 million making it one of the most expensive properties sold in Dubai in 2021. The 8,300 sqft property that was sold to a European national features uninterrupted views of the Palm and the Arabian sea and has its own swimming pool.

The four-bed penthouse at the Atlantis The Royal Resort & Residences is the second most expensive property in the development after the top-floor five-bed penthouse triplex, which is also listed by Metropolitan Premium Properties,  selling for AED 180,000,000.

Commenting on the sale, Nikita Kuznetsov, Partner Metropolitan Group and CEO of Metropolitan Premium Properties, said: “This is one of our agency’s biggest deals this year and it is a good example of how HNWI still consider Dubai the number one destination for property investment. The deal was concluded in just four days further highlighting the confidence in Dubai’s economy and real estate market.

“We have seen strong demand for luxury properties especially from international buyers primarily from the CIS, the UK and other parts of Europe including France, Germany and Austria.” he added.

One of the group’s biggest transactions was two penthouses located in the W Residence, Palm Jumeirah, which sold for AED 102 million to the same buyer in addition to a Royal Atlantis Garden Villa for AED 44 million and one in IL PRIMO Downtown for AED 42 million to a European buyer.

Built and operated by Kerzner, Atlantis The Royal Dubai is located on the crescent of The Palm is made up of 231 luxury apartments, 693 hotel rooms, and 102 suites and is destined to become an iconic, world-renowned address. The Residences will have expansive living and entertainment spaces with balconies or lushly landscaped terraces. All Residences offer unique uninterrupted views towards the sea or across the waters of The Palm towards the Dubai skyline.

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