Rooms at the ultra-luxury hotel go for an average rate of $1,000 per night, and Atlantis the Royal's top-end suite costs a casual $100,000 per night.
Unlike the grand opening of Dubai's first Atlantis luxury hotel, Atlantis the Palm, in 2008 — which preceded the worst financial crash Dubai has seen to date — the UAE's commercial and tourism capital seems to be confident that this time, economic growth is here to stay.
Indeed, economic analysts note a raft of new reforms and regulations made to reduce risk and enable more people to work and live in the majority-expat city, including a remote worker visa, a"golden visa" for high-net worth individuals, liberalizing social reforms and 100% business ownership for foreigners.
But despite this, he said,"there are good reasons to believe the economy is in a much stronger position this time." He noted the oil-rich Gulf region's windfall of higher hydrocarbon prices, and Dubai's growth as a financial center.
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