Abu Dhabi, United Arab Emirates :- Royal Development Holding (RDH), a leading real estate developer and a subsidiary of Emirates Stallions Group, has announced that Phase 1 of Radisson Residences Al Reem Island has been completely sold out within 24 hours of its public launch. The project has a total value of AED 1.2 billion.
This strong response highlights the high demand for premium branded residences in Abu Dhabi. Radisson Residences Al Reem Island is a landmark project and holds global importance as the world’s first standalone Radisson Residences.
Located on the waterfront of Al Reem Island, the project offers modern design, stylish interiors, and a lifestyle inspired by Radisson’s hospitality standards. The development attracted strong interest from both property investors and end users.
All Phase 1 units were sold, including studio apartments, one-, two- and three-bedroom homes, as well as three- and four-bedroom townhouses. The variety of unit options helped meet the needs of families, professionals, and long-term investors.
Tariq Nazzal, CEO of Royal Development Holding, said:
“We are very proud of this achievement. It shows the strength of our partnership with Radisson Hotel Group. Our focus has always been on premium branded residences, and selling out Phase 1 within 24 hours proves that our strategy is working.”
Elie Milky, Chief Development Officer for the Middle East, Northeast Africa, Greece & Cyprus at Radisson Hotel Group, added:
“This project is very special for Radisson. Royal Development Holding understood what buyers are looking for and delivered a lifestyle-focused residential project. The fast sell-out shows the growing demand for high-quality branded living.”
Surrounded by Abu Dhabi’s mangrove coastline, Radisson Residences Al Reem Island offers scenic views and hotel-style amenities designed to support comfortable and modern living. The project reflects Royal Development Holding’s focus on building strong communities and supporting the UAE’s vision for sustainable and high-quality urban development.
With Phase 1 now fully sold, Royal Development Holding has already started preparations for the launch of Phase 2, which is expected to attract similar interest from buyers.
