Royal Development Holding Launches Phase 2 of Radisson Residences on Al Reem Island
Royal Development Holding has initiated the second phase of its AED 1.45 billion Radisson Residences development on Abu Dhabi's Al Reem Island, introducing a third tower with 437 furnished branded residences.
Royal Development Holding, a subsidiary of Emirates Stallions Group (ESG), has announced the launch of the second phase for its Radisson Residences Al Reem Island project in Abu Dhabi. This new phase expands the AED 1.45 billion ($395 million) development by introducing a third tower.
The newly launched tower will feature 437 furnished branded residences, significantly adding to the residential offerings on Al Reem Island. The overall project aims to provide high-quality living spaces under the Radisson brand, catering to demand within Abu Dhabi's competitive real estate market.
This expansion underscores the continued investment and development in key areas of Abu Dhabi, reinforcing its position as a growing residential and commercial hub. Branded residences typically offer premium services and amenities, often attracting both end-users and investors seeking managed properties with strong rental potential.
Questions, answered
- What is the total value of the Radisson Residences Al Reem Island project?
- The total estimated value of the Radisson Residences Al Reem Island development is AED 1.45 billion, equivalent to approximately $395 million.
- How many units are included in the newly launched second phase?
- The second phase introduces a third tower which comprises 437 furnished branded residences.
- Which company is developing Radisson Residences Al Reem Island?
- The project is being developed by Royal Development Holding, a subsidiary of Emirates Stallions Group (ESG).
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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