In the heart of Dubai, lies a majestic marvel that has been the talk of the town since its inception – The Royal Atlantis Resort & Residences. This luxurious destination is a joint venture between Kerzner International and Investment Corporation of Dubai (ICD).
But who owns The Royal Atlantis Dubai? Let’s dive in and find out.
The Owners
The Royal Atlantis Resort & Residences is jointly owned by two companies: Kerzner International and Investment Corporation of Dubai (ICD). Kerzner International is a leading international developer and operator of destination resorts, casinos, and luxury hotels. While ICD is the principal investment arm of the Government of Dubai, responsible for managing Dubai’s sovereign wealth.
Kerzner International
Kerzner International has been in the luxury hospitality business for over 25 years. It was founded by South African entrepreneur Sol Kerzner, who also founded Sun International, which was later sold to Tsogo Sun Holdings. Under his leadership, Kerzner created some of the world’s most iconic resorts such as Atlantis Paradise Island in The Bahamas, One&Only Resorts in various locations around the world.
History of Kerzner International
Kerzner International has a rich history with its roots dating back to 1969 when Sol Kerzner opened his first hotel called “The Beverly Hills” in Umhlanga Rocks, South Africa. In 1994, he opened what would become one of his most successful ventures – Atlantis Paradise Island in The Bahamas. Since then, Kerzner International has expanded globally with properties in Mexico, Mauritius, China and more recently Dubai.
Investment Corporation of Dubai (ICD)
Investment Corporation of Dubai (ICD) is a state-owned investment company responsible for managing the government’s assets both locally and internationally. ICD’s portfolio includes a variety of sectors such as finance, real estate, transport and more. The company has been instrumental in developing Dubai’s economy and helping it become one of the fastest-growing cities in the world.
ICD’s involvement in Dubai’s tourism industry
ICD has played a significant role in developing Dubai’s tourism industry by investing in various projects such as Emirates Airlines, Jumeirah Group, and now The Royal Atlantis Resort & Residences. Its investment in these ventures has helped to put Dubai on the map as a global tourist destination.
The Joint Venture
The Royal Atlantis Resort & Residences is a joint venture between Kerzner International and Investment Corporation of Dubai (ICD). This partnership brings together the expertise of both companies to create a world-class destination that offers unrivalled luxury and unparalleled service.
What makes The Royal Atlantis Resort & Residences unique?
The Royal Atlantis is unique because it combines the best of both worlds – luxurious hotel rooms and high-end residences. It features 231 luxury apartments, 693 hotel rooms, an array of restaurants, bars, spa facilities and much more. The resort has also been designed to offer breathtaking views of the Arabian Gulf and the iconic Palm Jumeirah.
Conclusion
In conclusion, The Royal Atlantis Resort & Residences is jointly owned by Kerzner International and Investment Corporation of Dubai (ICD). This partnership brings together two companies that are leaders in their respective industries to create an unparalleled luxury destination that is sure to be on every traveler’s bucket list. With its stunning architecture, exceptional amenities, and prime location, it’s no wonder that The Royal Atlantis Resort & Residences is quickly becoming one of the most sought-after destinations in Dubai.