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11 December 2023

Aldar partners with Nikki Beach Global to launch residential project in Ras Al Khaimah


Aldar Properties announced today its partnership Nikki Beach Global, a luxury lifestyle hospitality company globally renowned for its upscale branded residences, beach club, and resort concepts.

The partnership will see Aldar and Nikki Beach develop three branded residential buildings in Ras Al Khaimah as part of a larger beachfront community on Al Marjan Island, with residential sales set to launch later this year.

The partnership with Nikki Beach is set to redefine coastal living in Ras Al Khaimah. Marking Aldar’s inaugural residential development in Ras Al Khaimah, Nikki Beach Residences will be nestled between Rixos Bab Al Bahr and DoubleTree by Hilton Resort and Spa Marjan Island, both acquired by Aldar in 2022.

Jonathan Emery, Chief Executive Officer at Aldar Development, said, "As Aldar continues to expand its footprint in Ras Al Khaimah, our partnership with Nikki Beach is key to developing an unparalleled residential offering in an emirate that is growing as an investment hub and tourism destination. Nikki Beach, with its global prestige and proven track record in upscale hospitality, aligns perfectly with Aldar’s vision to create memorable experiences and thriving communities and we look forward to unveiling more details about the masterplan soon."

Lucia Penrod, CEO of Nikki Beach Global, added, “Nikki Beach Residences will offer the opportunity to secure a piece of Nikki Beach in this vibrant region and we look forward to working with Aldar on this exciting property development. We are extremely discerning as we expand our global portfolio of residences and are confident that Ras Al Khaimah is the ideal destination to bring our loyal clientele this new way of celebrating life.”

Nikki Beach Residences will offer fully furnished apartments with curated living spaces and expansive balconies. The common areas, including a club house with a lounge and restaurant, and hospitality suite for hosting gatherings, will foster a unique sense of belonging and shared experiences among residents.

The development will also be the first wellness-focused community in Ras Al Khaimah to achieve global FitWel healthy building certification.