ZAWYA-PRESSR: Royal Development Holding sells out Phase 1 of AED 1.2bln Radisson Residences Al Reem Island within 24 hours of public launch

About this update from Esg Emirates Stallions Group P.j.s.c

A successful collaboration with Radisson Hotel delivers the world’s first-ever standalone Radisson Residences, forming a stunning, lifestyle-led waterfront landmark on Al Reem Island.Abu Dhabi, the UAE – Royal Development Holding (RDH), a premier real estate development firm and a subsidiary of Emirates Stallions Group ADX:ESG, has announced the complete sell-out of Phase 1 of its latest AED 1.2b branded residential development in Abu Dhabi, Radisson Residences Al Reem Island, in 24 hours from its official launch.Radisson Residences Al Reem Island marks a global milestone as the first standalone Radisson Residences worldwide. Strategically located along the waterfront of Al Reem Island, the development’s modern architectural language, refined interiors, and hospitality-led lifestyle attracted strong interest from investors and homeowners alike. Within a record timeframe, all Phase 1 residential units were sold out, including a diverse mix of studios, one- to three-bedroom apartments, and townhouses comprising three- and four-bedroom configurations.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, CDO for the Middle East, Northeast Africa, Greece & Cyprus at Radisson Hotel Group added: “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.”Set against Abu Dhabi’s mangrove-lined coastline, Radisson Residences Al Reem Island stands as an architectural statement, boasting scenic views and hospitality-enhanced amenities that reinforce Royal Development Holding’s community-centric development philosophy and its continued adoption of innovative approaches alig...

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