The future of the UAE property market: Don’t miss the Nikki Beach Residences launch

The property market in the UAE has seen a rise in global interest due to its tax-friendly policies, strong economic growth, and exceptional lifestyle offerings. To explore these trends, our Director Doris Tan, an expert in international property investments, looks at why the Emirates is catching the world’s attention right now. With over thirty years’ experience working in the real estate market, Doris is renowned for her deep understanding of what motivates investors and guiding our clients toward property investments that meet their objectives.

During our conversation, Doris discussed the increasing interest in the UAE market, its comparison to London’s established appeal, and factors investors should consider in this changing environment. Here’s what she had to say:

What are the key factors driving international interest in UAE property mainly?

The Golden Visa program has played a pivotal role in driving real estate demand. The country’s safe environment, advanced infrastructure, and high rental yields make it even more attractive. Due to the government’s dedication to sustainable and future-ready projects, the UAE is rapidly emerging as a prime destination for residents and international investors seeking high returns.

How significant is the role of high-end developments, like Wynn Casino in Ras Al Khaimah in influencing investor interest and property values?

The iconic Marina Bay Sands and Resorts World Sentosa in Singapore exemplify how successful casino developments can bring new life to economies. Since they opened in 2010, these famous resorts have established Singapore as a major tourism destination.

Investors can take advantage of the growing tourism industry, increasing demand for luxury properties, and the expansion of high-quality commercial spaces. Singapore offers a stable market with steady returns, while Ras Al Khaimah is an emerging luxury destination with high long-term growth potential.

Is Nikki Beach Residences a new era of beachfront living on Al Marjan Island?

Imagine waking up to panoramic Gulf views, enjoying world-class spas to relax and savouring meals that effortlessly transition from lunch to dinner with a touch of evening festivities. Aldar, in partnership with the famous Nikki Beach, has introduced a new concept in beachfront living on Al Marjan Island with the development of Nikki Beach Residences. With a starting price of AED 2 million, this prime development offers an appealing chance to those looking for luxury and smart living.

Can you elaborate more on Nikki Beach Residences?

The Nikki Beach Residences has 803 units of refined elegance, featuring neutral tones, soft lighting, and premium finishes. Experience the Thermal Spa, workout in the Fitness Arena, or have family time at the Little Zone. From one to five-bedroom units and sky villas, each residence has custom interiors that set a new standard for luxury living.

Residents have access to continuous convenience with a dedicated concierge and a range of services including deck dining, valet, car rentals, pet care, and a house limo. Each corner, from Rhythm Deck to Café Nikki, offers a unique vibe. The smart community enhances modern living through digital bookings, environmental monitoring, noise masking, and sustainable technology such as smart waste bins.

Nikki Beach Residences proudly incorporate eco-friendly initiatives, with the properties pursuing both FitWel and LEED Silver certifications. The commitment to sustainability is shown through air quality monitoring and smart community solutions that prioritise the environment and resident well-being.

How has the UAE property market evolved and where do you see it heading in the near future?

In the past few months, property prices in Ras Al Khaimah have risen by 20-25%, making it a desirable location for property investors. In addition to the housing market gaining notice, the much-awaited Wynn Resort is scheduled to open in 2027, making Al Marjan Island the first location in the UAE with a legally operating casino. With $3.9-billion investments, this integrated resort will include luxury accommodations, state-of-the-art gaming facilities, high-end retail, fine dining, and entertainment venues.

This shift draws both high-net-worth individuals and international investors looking for opportunities outside of Dubai. The ripple effect also impacts upcoming developments like Nikki Beach Residences. With Aldar and Nikki Beach partnering, this beachfront development is going to attract interest from both local and overseas investors.

For Singapore investors looking to diversify within the UAE, what should they look out for?

When purchasing overseas properties, choosing a credible developer is crucial. Established names like Aldar provide greater reliability and peace of mind. Select properties located in areas with strong growth potential and improving infrastructure to enhance their resale value in the future.

Also, research the expected rental returns for different properties (such as apartments and villas) in various locations. In popular tourist and business areas, rental yields are usually good.

Consider emerging markets like Ras Al Khaimah and Abu Dhabi as they provide exciting opportunities. These emirates are focusing on creating lifestyle developments and branded residences, making them attractive to investors looking for value in popular areas.

What’s coming next?

We are excited to announce the launch of Nikki Beach Residences, offering an exclusive experience of the UAE property market. Join us on 23-24 November at the Great Room- 328 North Bridge Road, #02-20 Raffles Hotel Arcade for a first-hand look at this prime development.

Register now and be a part of this opportunity to explore the charm of Ras Al Khaimah and discover what it’s like to reside in a place where each day has its unique rhythm by renowned Nikki Beach.

Source: BR Property Sales, Singapore
Bloomberg