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Atlantis Resort (Dubai)

Dubai has purchased the famous Atlantis resort that was once owned by Kerzner International Holdings, Ltd. The resort, located atop Dubai's palm-shaped island (Palm al Jumeira), features a water park and 18 restaurants. Istithmar World, the company that made the purchase, was able to do so out of Kerzner International Holdings' high debt levels, estimated at $2.6 billion. Dubai is famous for featuring the world's tallest tower, Burj Khalifa.

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  • Part of Speech: proper noun
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  • Industry/Domain: Travel
  • Category: Hotels
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