Nikki Beach Residences on Al Marjan Island
Aldar Properties developed Nikki Beach Residences on Al Marjan Island in Ras Al Khaimah. The project is all apartments, from one to five bedrooms, across a price range wide enough to suit two quite different buyer profiles. Construction started in April 2024. Handover is set for December 2028.
A Range from AED 3.9M to AED 17.2M
The spread here is large by design. AED 3,900,000 is the entry point, buying a two-bedroom at 2,405 sq ft. At the top, the five-bedroom Sky Terrace at 4,827 sq ft starts at AED 17,231,500. Three-bedroom units begin at AED 5,877,200. Four-bedrooms start at AED 9,407,700.
These are genuinely different products within the same building. Floor plates are generous at every level, but the Sky Terrace sits in a separate category. It is nearly four-and-a-half times the entry price and more than double the area. Buyers at the lower end are purchasing a large waterfront apartment. Buyers at the top are acquiring something closer to a penthouse.
Al Marjan Island and What It Means in Practice
Al Marjan Island sits off the Ras Al Khaimah coastline, roughly 45 minutes north of Dubai on the E11. The island was purpose-built for residential and hospitality use, with water access on multiple sides. For a resident, that means waterfront living at a different price point from Dubai's main island communities.
For daily commuters to Dubai, the drive is long. For buyers who work remotely, travel frequently, or prioritise lifestyle over proximity to business districts, the position makes more sense. The trade-off is clear.
Units and Who They Suit
Apartments run across five bedroom configurations. The one-bedroom at 1,118 sq ft works for a single occupant or couple. The two-bedroom at 2,405 sq ft is large and suits a small family or a buyer wanting a second home with real space. Three-bedrooms at 2,195 sq ft and four-bedrooms at 2,653 sq ft address families intending to live on the island full time. The five-bedroom Sky Terrace at 4,827 sq ft is a high-end purchase, with pricing to match.
What the Amenities Say About the Project
| Category | Facilities |
|---|---|
| Outdoor and Recreation | Landscaped Gardens, Shared Pool, Children's Play Area |
| Fitness | Gymnasium |
| Food and Beverage | Restaurants |
Five amenities is a lean list at this price level, but the combination is considered. On-site restaurants stand out. Most residential projects rely on nearby dining rather than embedding it within the community. For residents living on an island, having food and beverage on-site removes a daily friction point.
The rest of the amenity mix reads as family-oriented. A children's play area, shared pool, and landscaped gardens all suggest a development targeting residents who spend meaningful time at home. The gymnasium covers fitness basics without overstating what is on offer.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| At handover | 40% |
10% down is a low entry threshold at this price level. On the AED 3.9M unit, that is AED 390,000 upfront. The remaining balance splits across construction instalments and a 40% lump sum at handover in December 2028. There is no post-handover payment structure, so that final 40% needs to be available in full at delivery.
On the entry unit, the handover payment comes to AED 1,560,000. At the Sky Terrace level, 40% of AED 17.2M is a different conversation entirely. The payment structure is straightforward, but the handover payment is material at every price point.
Mid-Construction Entry, December 2028 Delivery
Construction started April 2024. Handover is December 2028. A buyer entering now is roughly mid-way through the build, not at the beginning.
Two years of construction are already behind this project. The remaining period runs to late 2028, with construction-phase instalments beginning for a new buyer immediately and spreading across that window. The end date is defined. For off-plan buyers, that clarity on timeline is a practical advantage over projects still at early groundwork stage.