Real Estate

Luxury Nikki Beach to Open Homes in Newest UAE Billionaire Haven

Ras Al Khaimah is positioning itself as haven for billionaires
Development will be on Island where Wynn is building resort

Beachgoers swim in front of the Rixos Bab Al Bahr hotel on Al Marjan Island in Ras Al Khaimah, United Arab Emirates.
Photographer: Christopher Pike/Bloomberg

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By Kateryna Kadabashy

September 20, 2023 at 7:45 AM UTC

An international luxury beach club is tying up with a United Arab Emirates-based developer to bring branded residences to Ras Al Khaimah, a city about 45 minutes from Dubai that’s increasingly positioning itself as a haven for high net worth individuals.

Ras Al Khaimah — RAK for short — is pursuing an ambitious strategy that’s luring five-star hotels, industrialists and adventure-seeking tourists from around the world. The new development by Aldar Properties and Nikki Beach Global will be located in Al Marjan Island, where Wynn Resorts is building a $3.9 billion gaming resort.