Radisson Residences Al Reem Island Sells Out Phase 1 in Just 24 Hours
Royal Development Holding (RDH), a leading real estate developer and part of Emirates Stallions Group (ADX: ESG), has announced that Phase 1 of its AED 1.2 billion Radisson Residences Al Reem Island has completely sold out within 24 hours of its official launch.
The development is the first standalone Radisson Residences globally and is located along the waterfront of Al Reem Island. Featuring modern architecture, stylish interiors, and a hospitality-focused lifestyle, it drew strong interest from both investors and homebuyers. Phase 1 included a variety of units, ranging from studios and one- to three-bedroom apartments to three- and four-bedroom townhouses, all of which were sold out in record time.
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. This rapid sell-out demonstrates the success of our strategy to build a strong presence in the premium branded residences sector.”
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