- News
- 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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