In September 2014 Investment Corporation of Dubai and Kerzner International announced The Royal Atlantis Resort and Residences on the Crescent of The Palm, beside the existing Atlantis resort. The announcement described close to 800 rooms and suites, 250 residences and a height of 46 floors, with Kohn Pedersen Fox as architect, GA Design for the interiors of the rooms and suites, and Sybille de Margerie Design for the residences. The residence count was later given as 231.
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CTBUH dates the start of construction to 2016. In January 2017 Kerzner, with Knight Frank as sales agent, launched formal sales of The Royal Atlantis Residences; Gulf News reported delivery due in the third quarter of 2019. The work was carried out by BESIX with its South Korean partner Ssangyong: six towers on a podium, linked by a 45-metre, 1,260-tonne sky bridge that was lifted into place by strand jacking. CTBUH gives 2022 as the completion year.
Atlantis The Royal was officially inaugurated in January 2023 with a celebration featuring a Beyoncé performance, and opened to the public on 10 February 2023. In October 2023 it won the Best Tall Building – Middle East and Africa award at the CTBUH International Conference in Singapore.