Abu Dhabi real estate: $327m Radisson Residences sell out in 24 hours

Royal Development Holding has recorded a rapid sell-out at its latest Abu Dhabi residential project, with Phase 1 of Radisson Residences Al Reem Island fully sold within 24 hours of its official launch.

The development forms part of a wider AED1.2bn ($327m) branded residential investment and underscores growing demand for premium, hospitality-led living in the capital.

The project is being delivered by Royal Development Holding, a subsidiary of Emirates Stallions Group. Radisson Residences Al Reem Island represents a global milestone as the first standalone Radisson Residences worldwide.

Strategically located along the waterfront of Al Reem Island, the development features modern architecture, refined interiors and a hospitality-led lifestyle concept. Phase 1 comprised a mix of studios, one- to three-bedroom apartments, and three- and four-bedroom townhouses, all of which were sold within a record timeframe to investors and homeowners.

Radisson Residences Al Reem Island in Abu Dhabi

Commenting on the announcement, Tariq Nazzal, CEO of Royal Development Holding, said: “We are extremely proud of this achievement, which reflects the strength of our collaboration with Radisson Hotel Group.

“Over the years, we have focused on building a strong presence in the premium branded residences sector, and the complete sell-out of Phase 1 of the Radisson Residences Al Reem Island within 24 hours of its official launch is a tangible demonstration of that strategy in action.”

Elie Milky, Chief Development Officer for the Middle East, Northeast Africa, Greece & Cyprus at Radisson Hotel Group, said: “Our collaboration with Royal Development Holding carries particular significance, as the company was able to anticipate market needs and deliver a highly sought-after product for buyers seeking an elevated lifestyle.

“The successful 24-hour sell-out of Phase 1 of the Radisson Residences Al Reem Island represents a new chapter in Radisson’s growth journey, increasingly associating the brand with refined residential living.”

Phase 2 preparations

Set against Abu Dhabi’s mangrove-lined coastline, Radisson Residences Al Reem Island is positioned as an architectural statement, offering scenic views and hospitality-enhanced amenities aligned with Royal Development Holding’s community-centric development philosophy.

Following the full sell-out of Phase 1, the developer has confirmed that preparations for the launch of Phase 2 are already under way.