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New Atlantis project on Dubai’s Palm seals a Dh64m penthouse deal

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Advancement includes a Dh180m penthouse, which is the costliest such listing in Dubai now

There is a Dh180 million apartment to be sold there – but Atlantis The Royal resort and Residences on the Palm is as yet doing very well. A penthouse there has been purchased for Dh64 million, making for one of the most costly property deals in Dubai this year.

The 8,300 square feet unit was obtained by an European public, further reaffirming Dubai’s certifications as a decision spot for well off overseas investors inspired by property resources. The four-bed penthouse is the second most costly property in the development after the highest level five-bed penthouse trio, which is recorded for Dh180 million.

It is a genuine illustration of how HNWI (high networth people) actually consider Dubai the main objective for property venture, said Nikita Kuznetsov, Partner at Metropolitan Group and CEO of Metropolitan Premium Properties, which expedited it. The arrangement was finished up in only four days further featuring the trust in Dubais economy and housing market.

We have seen solid interest for extravagance properties particularly from global purchasers principally from the CIS, the UK and different pieces of Europe including France, Germany and Austria.

Among Metropolitans greatest exchanges were two penthouses at the W Residence, Palm Jumeirah, which offered for Dh102 million to a similar purchaser, notwithstanding a Royal Atlantis Garden Villa for Dh44 million, and one in IL Primo Downtown for Dh42 million to an European purchaser.

Destination Atlantis

Assembled and worked by Kerzner, Atlantis The Royal Dubai on the sickle of the Palm highlights 231 condos, 693 lodgings and 102 suites.

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UAE fuel prices announced for February

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The UAE fuel price committee on Friday announced petrol and diesel prices for the month of February 2025.

Super 98 petrol will cost Dh2.74, compared to Dh2.61 a litre in January, while Special 95 will cost Dh2.63 a litre, compared to Dh2.50 a litre the previous month.

E-Plus category petrol will be available for Dh2.55 a litre, compared to Dh2.43 a litre in January, while diesel will now cost Dh2.82 a litre, compared to Dh2.68 a litre the previous month.

Fuel prices in the UAE are closely tied to movements in the global oil market, which has experienced significant fluctuations since last year. Geopolitical uncertainties, shifting supply dynamics and concern about slowing economic growth have all contributed to the volatility in oil prices.

The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.

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UAE-made MBZ SAT set to launch into space from California tonight

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The UAE’s most advanced Earth-imaging satellite, MBZ-SAT, will launch on Tuesday, January 14, at 10:49 PM UAE time from Vandenberg Air Force Base in California, the Mohammed Bin Rashid Space Centre (MBRSC) has announced.

This marks the second satellite entirely developed by Emirati engineers. MBZ-SAT, weighing 700 kg, will launch alongside the student-built CubeSat, HCT-SAT 1, as part of SpaceX’s rideshare program. Originally planned for October 2024, the launch was delayed due to technical issues with SpaceX’s Falcon 9 rocket. A livestream of the event will be available from 9:30 PM UAE time at live.mbrsc.ae.

The SpaceX rideshare program, introduced in 2019, has enabled the deployment of over 200 satellites, offering a cost-effective alternative to traditional launches.

MBZ-SAT, named after President Sheikh Mohamed, will revolutionize Earth observation with enhanced imaging capabilities, producing ten times more images than current satellites. Meanwhile, HCT-SAT 1 underscores the UAE’s commitment to fostering future space experts.

Salem Humaid Al Marri, Director-General of MBRSC, stated, “We have a team of seven members on-site in the US and another at Mission Control in Dubai, working around the clock to ensure a successful launch.”

The UAE currently operates 10 satellites, with eight more under development. MBZ-SAT underwent rigorous testing in the UAE before being transported to South Korea for environmental assessments. Afterward, it was shipped to SpaceX in the US for final testing.

Marri described the simultaneous launch of these two distinct satellites as a moment of national pride. He emphasized the significance of combining advanced space technology with initiatives like the HCT-SAT program, which involved 50 students from across the UAE. This dual effort, he said, highlights the country’s dedication to building a robust space industry while nurturing local talent.

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Ring in the New Year on Dubai’s waters: Abra, Taxi & Ferry with Atlantis views

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As Dubai residents and tourists gear up to celebrate New Year, they can ring in 2025 with celebrations in the waters of the emirate.

The Roads and Transport Authority in Dubai has announced special offers and exclusive services during the New Year’s Eve, December 31, 2024, on marine transport means including the Dubai Ferry, the Abra, and the Water Taxi.

Passengers can enjoy views of the Burj Khalifa, Bluewaters, Atlantis, Burj Al Arab and Jumeirah Beach Towers. Residents can cruise into 2025 aboard the Dubai Ferry, Water Taxi, and Abra, with the backdrop of the Dubai coastline, adorned with hotels, heritage areas and landmarks such as The World Islands.

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