A concert took place over the weekend about a week ago. It was the grand finale event of Atlantis The Royal’s “grand reveal,” which drew 1,500 guests including model Kendall Jenner, rapper Jay-Z, and a slew of other socialites, influencers, and royals.
The most expensive room at the ultra-luxury hotel costs $1,000 per night, while the most expensive suite at Atlantis the Royal only costs $100,000 per night.
In the past year, a record 219 homes in Dubai were sold that were considered “ultra-prime,” meaning they sold for $10 million or more. This is more than the total number sold in the decade between 2010 and 2020.
Beyoncé headlined the event on January 21, 2023, in Dubai, United Arab Emirates, at the Grand Reveal of Dubai’s newest luxury hotel, Atlantis The Royal.
Beyoncé gave her first live concert in more than four years at a private event to celebrate the opening of an eight-year-in-the-making $1.4 billion luxury hotel and residential project on the outer ring of Dubai’s Palm Jumeirah, a man-made beach archipelago in the Arabian Sea. According to reports, she was paid for $24 million for the event.
A fire and water fountain that synchronized with a light and fireworks show for Beyoncé’s performance, eight new celebrity chef restaurants, and a seemingly endless number of infinity pools were all showcased at the event.
The hotel has 795 rooms and suites, 17 restaurants and bars, and a whopping 92 swimming pools on 43 stories of what look like huge, layered Jenga blocks. Atlantis The Royal’s most expensive suite costs just $100,000 per night, while rooms average $1,000 per night. Beyoncé reportedly stayed there.
The 99-acre luxury development built by Kerzner International also houses 231 ultra-luxury homes, all of which have already sold.
City AM’s Steve Dinneen wrote about the event, “Following the gig, more fireworks than I’d ever seen filled the sky with explosions.” This joyful, unreserved display of wealth is perfectly fitting for a city that takes pride in expanding and reaching new heights.
The city that grew from a small fishing town to a bustling metropolis in just a few decades appears to be making a new statement. Already well-known for its frequently extravagant skyscrapers, glitzy skyscrapers, and record-breaking creations, such as the world’s tallest building, largest Ferris wheel, and largest mall, the city appears to be making a new statement.
In contrast to the 2008 opening of Dubai’s first Atlantis luxury hotel, Atlantis the Palm, which came before the worst financial crash Dubai has ever seen, the commercial and tourism capital of the UAE seems to be confident that economic growth will continue this time around.
Following a tour of the property, Dubai’s ruler, Sheikh Mohammed bin Rashid, issued a statement stating,
“We have ambitious growth targets for the sector over the next ten years.” Dubai and the United Arab Emirates want to strengthen the nation’s position as the world’s most popular tourist destination by expanding on their extensive partnerships with the private sector.
“Over the last few decades, our steadfast commitment to building an exceptionally safe and stable environment and a world-class infrastructure has created the foundations for a remarkable future.
Due to the high standard of living and the availability of visas, Dubai has witnessed a steady influx of wealthy expatriates as well as digital nomads. Additionally, the country is gaining prominence as a financial services hub, as evidenced by the opening of offices for a number of hedge funds there.