Apartment with Sea and Casino View in Nikki Beach Residences, Al Marjan Island – Distress Sale

Property Overview

This is an off-plan apartment of 1,297 sq ft in Nikki Beach Residences on Al Marjan Island, Ras Al Khaimah, developed by Aldar Properties with Nikki Beach Global. The agent describes it as one of the best layouts in the project, with views of the sea and the integrated resort and casino. It is listed at AED 3,550,000 as a distress sale, with handover stated for Q1 2028.

Property Highlights

• Asking price: AED 3,550,000
• Size: 1,297 sq ft
• Asking rate: approximately AED 2,737 per sq ft
• View: sea and casino resort view (agent-stated)
• Handover: Q1 2028 (agent-stated)
• Status: off-plan resale
• Developer: Aldar Properties with Nikki Beach Global

Why the Listing Is Classified as Off-Plan Distress

The agent describes this as a distressed sale priced close to the original purchase price, but the OP itself was not supplied. Without it, DPF cannot calculate a saving or describe the price as below OP. The listing is therefore classified as Off-Plan Distress, based on the seller's motivation and the unit's off-plan status.

The asking rate works out at AED 3,550,000 divided by 1,297 sq ft, or approximately AED 2,737 per sq ft. Buyers should ask for the seller's SPA to see the original price and the amount already paid to the developer.

About the Project, Developer and Community

Nikki Beach Residences is a branded residential development by Aldar Properties in partnership with Nikki Beach Global. Published project information describes three mid-rise buildings with around 803 residences, from one-bedroom apartments to five-bedroom penthouses, ranging from about 969 sq ft to 7,395 sq ft. Some units are offered fully furnished.

Listed amenities include beach access with a private clubhouse, pools, fitness centres, a spa, dining outlets, children's play areas, concierge, valet parking, co-working space and EV chargers, along with Nikki Beach membership benefits. Al Marjan Island is a man-made island group off the coast of Ras Al Khaimah, known for beach resorts and the integrated resort and casino under development nearby.

Layout and View

The agent confirms an apartment of 1,297 sq ft and describes its layout as among the best in the project, with sea and casino views. The bedroom count was not supplied in the brief, so it is not stated here. The floor, bathrooms, parking, furnishing and unit number were also not supplied. Request the floor plan to confirm the bedroom count and layout.

Payment Plan and Handover

The agent states handover in Q1 2028. Published project information quotes completion at the end of 2028 and a 60/40 payment structure, with 60% during construction and 40% on handover. The amount paid on this unit and the balance due were not supplied; confirm the completion date, paid amount and remaining instalments against the SPA and Aldar's statement of account.

Location and Connectivity

Al Marjan Island is reached by road from Ras Al Khaimah city and from the E11 coastal highway linking Ras Al Khaimah with Dubai and the other northern emirates. Journey times depend on route and traffic, so DPF does not quote fixed minutes for this listing. Property transfers in Ras Al Khaimah are registered with the Ras Al Khaimah Land Department rather than the Dubai Land Department.

Verification Notes

• Agent-supplied facts: Nikki Beach Residences, Al Marjan Island, apartment, 1,297 sq ft, distressed sale, sea and casino view, priced close to OP, Q1 2028 handover and asking price.
• Agent claims, not verified: best layout in the project; price close to OP.
• DPF-calculated figures: price per sq ft.
• External research: developer partnership, building count, unit range, amenities, completion schedule and payment structure from project pages.
• Not supplied: bedroom count, original purchase price, floor, bathrooms, parking, furnishing, unit number, amount paid.