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Dubai is planning build a $1.5 Billions Royal Atlantis Resort on Palm Island

Prime Minister and Vice President of the Dubai Shaikh Mohammed bin Rashid Al Maktoum has given some new mega projects to grace Dubai by the Investment Corporation of Dubai (ICD) over the coming three years. The time is given by Shaikh Mohammad to complete these projects is 4-years mean till 2018. And it is estimated that after the completion of all these project Dubai’s Nationa Economy will raise by 10% .

Accompanied by Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Shaikh Mohammed was briefed on the design concepts and architectural master plans of the projects by the Director of Dubai Ruler’s Court and ICD CEO Mohammed Ibrahim Al Shaibani and a team of engineers during a special demonstration at the Atlantis Hotel and Resort at Palm Jumeirah.

 

Shaikh Mohammad examine the models of Atlantis Hotel and Royal Atlantis Resort which are to built in Palm Island, Dubai. Royal Atlantis Resort cost will me approximately $1.5 Billion and it will contain 800 rooms, Suites, and 200+ luxurious hotel apartments. ICD’s CEO Al Shaibani said that the first phase Dh8 Dubai waterfront will be complete in 2016 and the first three phases will be spread on 820,000 m² (square meter) which also include parking lots of 6,000 vehicles. Shaikh Mohammed  was also briefed on a Zaabeel Project will consist of two towers (residential and commercial) linked by a suspended bridge and will be located between the Dubai World Trade Centre and Zaabeel Park and. One Zaabeel will have an approximate cost tag of Dh2.5 billion and will include 550 residential units, two hotels and 130 hotel apartments.

The presentation was also attended by Dubai Director of Protocol and Hospitality Khalifa Saeed Suleiman and Meraas Holding Chairman Abdullah Al Habbai and a number of engineers.

Source: Investment Corporation of Dubai

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