Miami Beach - Nikki Beach Global (‘Nikki Beach’) the international luxury lifestyle and hospitality brand, announced today a partnership to develop three waterfront residential buildings in Ras Al Khaimah. Nikki Beach and Aldar Properties (‘Aldar’), a leading real estate developer, investor, and manager in the UAE, have come together to develop branded residences on Al Marjan Island, which will launch for sale later this year.

The partnership between Nikki Beach and Aldar will merge Nikki Beach's flair for crafting unique, immersive experiences with Aldar's expertise in creating vibrant communities to redefine coastal living in Ras Al Khaimah. The 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 Nikki Beach and Aldar’s commitment to delivering healthy communities that support the wellbeing of its residents.

The Nikki Beach Residences on Al Marjan are poised to revolutionize coastal living in Ras Al Khaimah, and we are thrilled to partner with Aldar Properties 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. Jihad El Khoury, Chairman and CEO of Nikki Beach EMEA Hotels & Resorts
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. Jonathan Emery, CEO at Aldar Development
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. Lucia Penrod, CEO of Nikki Beach Global

The 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. The bustling island is set against the picturesque backdrop of the Arabian Peninsula, and enclosed by Jebel Yanis and Jebel Jais Mountains, offering guests access to both a buzzy surrounding area as well as unparalleled views.

The residences add to Nikki Beach’s growing portfolio of living communities, which currently includes residences in Dubai, with additional residential developments in the pipeline. As Nikki Beach celebrates its 25th anniversary this year, the brand has transcended its international venues and grown into a global, multifaceted luxury lifestyle and hospitality brand that now includes 11 beach clubs, 5 hotels and resorts, branded residences, a fashion division, special events, and Nikki Cares, a 501c3 non-profit charity. Nikki Beach has also recently announced upcoming property openings in Muscat, Oman; Antigua, Caribbean; and Baku, Azerbaijan.

About Aldar

Aldar Properties PJSC is the leading real estate developer, investor, and manager in the UAE with a diversified and sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment.

Aldar Development is a master developer of integrated, liveable, and thriving communities across Abu Dhabi’s most desirable destinations, including Yas Island, Saadiyat Island, Al Raha, and Reem Island. It is responsible for developing Aldar’s c. 69 million sqm land bank and includes three businesses: Aldar Projects, which is Aldar's dedicated project delivery arm and the manager of its project management business; Aldar Ventures, which incubates and nurtures new business opportunities and innovation areas; and Aldar Egypt, the platform focused on developing mixed-use communities in Egypt.

Aldar Investment houses Aldar’s core asset management business comprising over AED 33 billion portfolio of investment grade and income-generating assets diversified across retail, residential, commercial, hospitality, and logistics segments. Aldar Investment also manages three core platforms: Aldar Education, Aldar Estates, and Aldar Hospitality and Leisure. Aldar Education includes Aldar’s entire educational portfolio, with almost 33,000 students across 27 operated and managed schools, and a growing network of 3,000 educators from over 100 nationalities, offering a wide range of curriculum and ancillary services such as a Teacher Training Academy. Aldar Estates consolidates Aldar’s Retail Operations alongside existing Residential and Commercial real estate operations within Provis and will further include Community Management under one integrated property management platform. Aldar Hospitality and Leisure looks after Aldar’s portfolio of hotel and leisure assets, which are anchored around Yas Island and Saadiyat, in addition to Ras Al Khaimah. It includes Aldar’s portfolio of 13 hotels, comprising over 4,250 hotel keys and managing operations across golf courses, beach clubs, and marinas.

Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash-generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long-term and sustainable business in order to provide ongoing value for its shareholders.

Aldar is driven by a vision to be a leading real estate developer and manager in the region by playing a key role in the development of quality, comfortable, desirable destinations that people can live in, work at and visit.

Nikki Beach Hospitality Group

Established by entrepreneurs Jack and Lucia Penrod, Nikki Beach Hospitality Group epitomizes barefoot luxury hospitality, curating transformative lifestyle experiences through its collection of Nikki Beach properties including 11 iconic beach clubs, five resorts, residences, dining concepts, and pop-ups as well as the group’s new restaurant concept, Lucia. Located in some of the world’s most sought-after travel destinations worldwide, Nikki Beach is recognized among the world's best beach clubs and resorts. Nikki Beach stands as a global haven for unforgettable moments, seamlessly blending music, dining, entertainment, fashion, film, and art to create unparalleled celebrations. Beyond travel experiences, Nikki Beach extends its reach with a lifestyle division, featuring boutiques and an e-commerce shop. In 2024, the brand introduced Lucia Cannes, a groundbreaking restaurant and beach concept within the Nikki Beach Hospitality Group portfolio. Lucia promises to redefine culinary excellence and immersive dining, blending Cuisine du Soleil with vibrant, seasonally changing decor. Across the brand's expanding endeavors, Nikki Beach Hospitality Group continues to set new benchmarks in crafting luxury travel and lifestyle experiences.

Nadine Gaynor
Director of PR & Communications, Nikki Beach Global
Nikki Beach Hospitality Group