Sale of the largest penthouse and blockchain strategy

Sale of the largest penthouse and blockchain strategy

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  • Sale of the largest penthouse, shareholding limits and blockchain strategy

The largest penthouse at Atlantis The Royal Residences on the Palm Jumeirah was sold for $44.4 million

This is one of the highest-valued property sales in Dubai in 2022. Size – 2323m²

  • 3 floors
  • 5 bedrooms
  • 2 pools
  • Private lift
  • Sky Garden

The only penthouse currently listed at a higher price ($68 million) is located in AVA at Palm Jumeirah

Emaar Properties will withdraw the shareholding limits for non-UAE Nationals

This will be announced at the shareholders meeting on September 21, 2022. It is also planned to get shareholders' sign-off on increasing the developer's capital by issuing 659.05 million shares at 1 AED each. This will see the developer's new capital at $2.4 billion.

Abu Dhabi has announced plans to launch blockchain and virtual assets strategy

Priority areas:

  • AgriTech
  • FinTech
  • Healthcare
  • Energy, etc.
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