Property

Nikki Beach Residences sells out in first 48 hours as buyers snap up 420 properties

December 7, 2023

Aldar Properties releases another 150 Nikki Beach Residences units for sale

In a remarkable turn of events, Aldar's Nikki Beach Residences project in Ras Al Khaimah witnessed a whirlwind of success, with 420 beachfront properties swiftly claimed within two days of its launch.

Nestled on the picturesque Al Marjan Island, Phase One of the development raked in over AED 1 billion in sales, underscoring the surging demand for short-term rental and second home options in the emirate, as highlighted in a statement by Aldar.

A significant 87 percent of purchases were attributed to overseas and expatriate buyers, revealing the project's international allure. Notably, 60 percent of buyers were individuals under the age of 45, signifying a trend towards younger demographics seeking luxurious coastal living. Impressively, first-time Aldar buyers constituted a substantial 86 percent of the phase one transactions.

Crafted to meet the demand for branded resort-style living, the residences offer one to five-bedroom units adorned with expansive ocean-view balconies. Residents can anticipate a host of amenities, including around-the-clock concierge services, valet parking, and communal spaces designed for ultimate relaxation. The planned communal areas encompass a beach club, clubhouse, recreational spaces, wellness facilities, and gymnasiums with stunning sea views.

Rashed Al Omaira, Chief Commercial Officer at Aldar Development, shared insights into the project's success, stating, "We are creating a community proposition that provides residents and guests with resort-like barefoot living, and the success of phase one indicates that our customers truly believe in the concept and Ras Al Khaimah as an investment destination."

Buoyed by the triumph of phase one, Aldar has promptly released an additional 150 Nikki Beach Residence units for sale, responding to the continued demand for this coastal oasis.

Strategically situated between the Rixos Bab Al Bahr and Doubletree by Hilton hotels, both owned by Aldar, Nikki Beach Residences offer convenient access to nearby attractions such as golf clubs, marinas, and refurbished shopping destinations. As phase two unfolds, the development anticipates sustained interest from buyers seeking a unique blend of luxury, service excellence, and beachfront living.

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