ALDAR PARTNERS WITH NIKKI BEACH GLOBAL TO BRING BRANDED WATERFRONT RESIDENCES TO RAS AL KHAIMAH

The new residential development on Al Marjan Island is set to redefine coastal living in Ras Al Khaimah
Nikki Beach Global branded homes will boast oceanic views and access to a signature club house, spa, fitness centre, and retail outlets

Abu Dhabi, UAE – 20 September 2023: Aldar Properties (‘Aldar’) announced today its partnership Nikki Beach Global (‘Nikki Beach’) 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 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, which is renowned for delivering barefoot luxury, stylish, and relaxed lifestyle experiences, is set to redefine coastal living in Ras Al Khaimah, merging Aldar's well-designed living with Nikki Beach's vibrancy and elegance. 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 & 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."

Inspired by the vision of founder Jack Penrod, and CEO Lucia Pernod, Nikki Beach has built a strong brand reputation as an original luxury beach club concept that combines the elements of music, dining, entertainment, fashion, film, and art into one. Today, the Nikki Beach concept has transcended its international venues and grown into a global, multifaceted luxury lifestyle and hospitality brand with 11 beach clubs, 5 hotels and resorts, branded residences, a fashion division, special events, and Nikki Cares, a 501c3 non-profit charity. Built on a shared commitment to innovation, quality, and customer-centricity, this partnership will merge Aldar's expertise in creating vibrant communities with Nikki Beach's flair for crafting unique, immersive experiences, setting new benchmarks in customer satisfaction.

Jihad El Khoury, Chairman and CEO of Nikki Beach EMEA Hotels & Resorts, said: “The Nikki Beach Residences on Al Marjan Island are poised to revolutionize coastal living in Ras Al Khaimah, and we are thrilled to partner with Aldar to bring this luxurious and vibrant concept to life. Our collaboration signifies a perfect blend of Aldar's expertise in creating thriving communities and Nikki Beach's reputation for delivering unique lifestyle experiences. These residences will not only offer residents curated living spaces but also a true sense of community that Nikki Beach is known for.”

Lucia Penrod, CEO of Nikki Beach Global: “Nikki Beach Residences will offer the opportunity to secure your own 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 that frame captivating vistas of the Arabian Gulf. 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 – a testament to Aldar’s commitment to delivering healthy communities that support the wellbeing of its residents.

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