Breaking Waves: Nikki Beach Residences Ras al Khaimah Exceptional Phase 1 Sale, Ignites Ras Al Khaimah’s Real Estate Surge!
Nikki Beach Residences Ras Al Khaimah! Amidst an unprecedented off-plan boom in Ras Al Khaimah, Aldar Properties achieves a remarkable sellout of the first phase of Nikki Beach Residences on Al Marjan Island, totaling 420 beachfront units with a combined sales value of Dh1 billion.
Aldar’s Visionary Barefoot Living Concept Sparks Frenzy in Ras Al Khaimah Property Market
With the first phase of Nikki Beach Residences selling out, Aldar’s Chief Commercial Officer, Rashed Al Omaira, credits the success to the developer’s foresight in introducing a branded residential product that facilitates short-term stays, creating a community proposition for resort-like barefoot living.
Ras Al Khaimah’s Property Market Booms as Investors Flock to Al Marjan Island
As Ras Al Khaimah’s property market witnesses a surge, home prices on Al Marjan Island see a significant rise of 35-50% this year. Aldar’s success in Nikki Beach Residences Phase 1 signals a strong demand, aligning with the emirate’s emerging status as a global landmark destination.
Ras Al Khaimah’s Property Boom: Aldar’s Nikki Beach Residences Achieves Dh1 Billion Sellout in Phase 1!
Aldar Properties, a leading Abu Dhabi-based developer, has hit the bull’s eye with its inaugural project launch in Ras Al Khaimah, underscoring the emirate’s flourishing off-plan market.
The first phase of Aldar’s Nikki Beach Residences project on Al Marjan Island has witnessed an impressive sellout, comprising 420 beachfront units and boasting a combined sales value of Dh1 billion.
Aldar’s Visionary Approach
Rashed Al Omaira, Chief Commercial Officer at Aldar Development, expressed confidence in the community proposition, emphasizing that the success of Phase 1 signifies both customer belief in the concept and Ras Al Khaimah as an investment destination.
He stated, “The sales response validated our long-held view that the market is primed for a branded residential product that facilitates short-term stays. We are creating a community proposition that provides residents and guests with resort-like barefoot living.”
Anticipating Continued Interest in Phase 2
Encouraged by the overwhelming response, Aldar has promptly released an additional 150 homes for sale in Phase 2. The developer’s foray into Dubai real estate, with the Haven project, achieved instant sellout status in its first phase, further solidifying Aldar’s position as a key player in the UAE real estate market.
Ras Al Khaimah’s Emerging Real Estate Hub
Ras Al Khaimah’s property market is on an upward trajectory, with home prices on Al Marjan Island experiencing substantial increases of 35-50% since the beginning of the year.
Aldar’s success adds to the appeal of the emirate, drawing attention from potential property investors eyeing multiple luxury off-plan projects in and around the landmark Wynn Resorts, a significant development scheduled to open in 2027.
Investor Confidence and Global Appeal
The surge in interest is evident, with Aldar noting that more than 80% of buyers in Phase 1 of Nikki Beach Residences were first-time investors with the developer. Off-plan projects on Al Marjan Island are fetching prices around Dh3,000 per square foot, attracting global investors seeking unique luxury propositions.
CEO’s Insight: A Nature Emirate in Full Bloom
Sameh Muhtadi, CEO of RAK Properties, anticipates a spike in investment activity in 2024, emphasizing Ras Al Khaimah’s appeal as the ‘nature emirate’ experiencing robust growth in tourism and hospitality. As the emirate continues to emerge as a prominent off-plan location, Aldar and Emaar’s presence amplifies its status as a real estate hotspot.
In summary, Aldar Properties’ Nikki Beach Residences marks a milestone in Ras Al Khaimah’s property market, with Phase 1’s sellout underscoring the emirate’s flourishing off-plan market and its trajectory as a global landmark destination. The success is indicative of investor confidence in the unique living concepts introduced by Aldar, further contributing to Ras Al Khaimah’s status as a prominent real estate destination.
