Atlantis Prepares to Open: The Palm's Big Moment
    Developer SpotlightApril 7, 20083 min read

    Atlantis Prepares to Open: The Palm's Big Moment

    The flagship resort on Palm Jumeirah's crescent is close to opening. How it may affect visitor numbers, rentals and the island's reputation.

    Senior Investment Advisor

    CFA charterholder with expertise in alternative investments. Fatima has structured over AED 5 billion in real estate investment vehicles for institutional clients.

    Share:

    After years of construction, Atlantis on Palm Jumeirah is close to opening its doors. Its arch dominates the crescent, its waterpark and aquarium are being completed, and the resort is preparing to welcome its first guests later this year. For Palm Jumeirah, the opening will be a defining moment.

    What Atlantis brings to the Palm

    • A global attraction: the resort's scale and features will draw international attention.
    • Leisure facilities: restaurants, a waterpark and an aquarium.
    • Visitors: guests and day visitors bringing activity to the island.
    • Jobs: a large workforce based on the Palm.

    Effects for owners

    Owners who rent their properties to holiday visitors may benefit from increased awareness of the Palm as a destination. Residents gain access to new restaurants and leisure options. Traffic on the trunk and crescent is likely to increase, particularly during peak periods.

    Transport

    The monorail along the trunk, linking the mainland to Atlantis, is designed to ease congestion. Its operation, together with road connections, will be important for the island's accessibility.

    The island's maturity

    Many villas and apartments on the Palm have been completed, and the island increasingly feels like a community. The opening of Atlantis will add to that sense of a complete destination.

    Considerations for buyers

    Buyers should consider the location of their property relative to the resort and the main roads. Properties offering privacy and quiet may appeal to residents, while those closer to attractions may suit holiday rentals.

    Our view

    The opening of Atlantis is likely to raise Palm Jumeirah's profile significantly. Owners should consider how to benefit from the resort's presence while managing the traffic and activity it will bring.

    AtlantisPalm JumeirahTourism