Government-backed Dubai World has sold Atlantis, The Palm, to Investment Corp of Dubai as it seeks to raise capital to pay down debts following a restructuring in 2011. In a statement, Investment Corp of Dubai, which is also state owned, said the move would allow for the development of the property and Dubai as a world-class tourism destination.

Atlantis, The Palm is set to revolutionise the waterpark landscape with the expansion of Aquaventure in August 2013. The innovative development includes a number of world firsts, including the world’s largest diameter slide, the world’s first vertical family ride, and the first double slide within a slide experience, allowing tube riders to watch fellow ride sliders in action, suspended above them.

Atlantis, The Palm, has joined the Saudi Arabian Airlines frequent flyer program, Alfursan. With seventy weekly flights between Saudi Arabia and Dubai, the new partnership offers Alfursan members an opportunity to earn miles on the guest room rate.

Atlantis, The Palm has launched a mobile website - developed by Dublin-based mobile travel specialist Mobile Travel Technologies - designed to serve the local market as well as travellers and resort guests. Atlantis, The Palm in Dubai, is the first truly integrated entertainment destination resort in the region, offering a variety of must-do experiences.