Sale of the largest penthouse 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.