Nikki Beach Residences from Aldar is the newest waterfront development in Ras Al Khaimah that offers open-plan studios and apartments containing one, two, three, or four bedrooms with spectacular bay views.
Where are these apartments located? The planned location of the ambitious project is the coastline of Al Marjan Island, overlooking the Arabian Gulf. Ras Al Khaimah is the only UAE emirate where gambling has been legalized. Soon, the construction of the first casino in the UAE will begin near Nikki Beach. Residents will receive access to gyms, SPAs, a private beach, specialty restaurants, hotel services, etc.
Ras Al Khaimah is perfect for investments in real estate
A reliable investment environment in the emirate of Ras Al Khaimah is based on several factors: a stable economy, favorable tax conditions, and well-developed infrastructure. Natural beauty and tourism potential are also important factors for investors planning to purchase profitable real estate in the emirate. The mountainous region, picturesque beaches, and mysterious deserts attract tourists from around the world to this area. Thanks to active government support, the tourism sector in Ras Al Khaimah is thriving, allowing investors to earn stable rental income from resort properties.
In 2023, the emirate received permission to build the first casino in the UAE. The request came from the world-famous Wynn chain, whose gaming establishments operate in Macau and Las Vegas. A contractor who will implement the anchor project for the UAE has already been identified. The emirate’s government has also launched a process to sort out the legal issues: they are forming a federal regulatory body that will oversee this industry.
According to plans, the casino will become operational only in 2027. However, several foreign developers are already contesting the right to build their facilities next to the flagship project today. Previously, the key developers included RAK Properties and AL Hamra. These companies were mainly involved in developing the Mina Al Arab and Al Hamra Village islands. Today, the region is witnessing high competition among the developing companies willing to build local real estate.
Ras Al Khaimah is considered the first preferred destination for expats in the Gulf and the 4th best expat destination in the world. A survey has been conducted among 12,000 respondents from 172 countries. The total year-on-year number of business deals in Ras Al Khaimah increased by 40.9%. According to the data from January to November 2023, the real estate transactions total value in the emirate increased by 60.4%.
In the future, Ras Al Khaimah will become a world-class casino resort. Investors ready to invest in real estate properties in this emirate today can receive sky-high profits in the next 6-7 years. Real estate prices in Ras Al Khaimah are rapidly growing. Those investors who entered the project a year ago have already benefited from the increase today, and at the moment, the sky’s the limit for this price climb.
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Specific advantages of the Nikki Beach project
Al Marjan Island is a rapidly developing area of Ras Al Khaimah and home to the ambitious Nikki Beach project.
Distance to the key infrastructural objects:
- Casino— 5 minutes;
- Al Hamra Villas — 10 minutes;
- Mina Al Arab — 15 minutes;
- Dubai airport — 1 hour.
Advantages of the Nikki Beach project:
- Nikki Beach is a luxury beach brand;
- Hotel-level service for residents;
- A private beach;
- Construction carried out by the state-owned Aldar (which built 80% of Abu Dhabi);
- Large floor area of properties (for example, 90 m2 in a 1-room apartment).
Interest-free installments available to investors:
- First installment – 10%;
- After the first six months – another 5%;
- After every consecutive six months – 10%;
- The investor will pay the last 40% of the amount after the commissioning of the project in the first quarter of 2028.
Example: payment in installments for apartments with a total cost of 2,370,000 AED or 645,000 USD:
- The first payment in the first quarter of 2024 – 237,000 AED (65,000 USD).
- Second installment, 06.2024 – 118,500 AED (33,000 USD).
- Third installment, 02.2025 – 237,000 AED (65,000 USD).
- Fourth installment, 09. 2025 – 237,000 AED 65,000 USD).
- Fifth installment, 04.2026 – 237,000 AED (65,000 USD).
- Sixth installment, 11.2026 – 237,000 AED (65,000 USD).
- Final payment – 948,000 AED ($260,000).
According to Land Department statistics, real estate prices in the emirate increased by 17% in 2023 alone. Apartments from branded developers are in demand, and their rent is 30% higher.
The projected profitability of Nikki Beach apartments is 14% per year. The projected rental ROI is 9% per year.
Prices for Nikki Beach apartments:
| One room | 645 000 USD |
| Two rooms | from 954 000 USD |
| Three rooms | from 1 500 000 USD |
Calculation of rental profitability:
| Price (AED) | 2,370,000 |
| Type of property | One-room apartment with one bathroom (area 90 m2) |
| SQFT | 960 |
| Type of decor | Fine finishing |
| Service fee per SQFT | 15,70 |
| Location | Al Marjan |
| Expenses | |
| DLD (4%) | 94,800 |
| OCOOD | 5,000 |
| Total SC | 15,070 |
| Commission | 0 |
| Long-term rental rate | 250,000 |
| Annual profitability | 10,05% |
General profitability calculation:
| Total payments (AED) | 2,370,000 | |
| Total expenses (AED) | 2,494,000 | |
| Total investment period | 48 months | |
| Ownership tax | 0% | 0 |
| Market growth over the period | 14% | 403,000 |
Market dynamics in Ras Al Khaimah for 2022 (DLD statistics):
| Total price of apartments | 160% | 3,792,000 |
| Cumulative value increase for the period | 1,612,000 | |
| DLD Duty payment upon purchase | 4% | 124,000 |
| Profit on investment | 1,612,000 | |
| ROI | 14% |
Purchasing Nikki Beach apartments in Ras Al Khaimah
If you are interested in the opportunity to enter the ambitious Nikki Beach project from Aldar developer on favorable terms, we recommend contacting the experts of our portal. Our team provides support at all stages of the transaction.
