Royal Development, Rotana to Develop Premium Towers on Al Reem

Abu Dhabi, UAE: Royal Development Holding, a premier real estate development firm and a subsidiary of ESG Emirates Stallions Group (ADX: ESG), has announced the signing of an agreement with Rotana to develop new premium residential towers on Al Reem Island, Abu Dhabi, under the Rotana Residences brand.

The agreement formalises a strategic collaboration between Royal Development Holding and Rotana, one of the leading hotel management companies across the Middle East, Africa, Eastern Europe and Türkiye. The development carries a total project value of approximately $245 million (AED 900 million) and forms part of Royal Development Holding’s broader residential portfolio expansion in the capital. The partnership brings together development expertise and established brand strength to deliver a premium residential offering aligned with Abu Dhabi’s evolving urban landscape.

Prime location on Al Reem Island

Located on Al Reem Island, one of Abu Dhabi’s most established residential destinations, the project is designed to overlook landscaped park areas and internal community views. The development benefits from close proximity to key business districts, retail and lifestyle destinations, and leading academic institutions on the island, including Sorbonne University Abu Dhabi, GEMS World Academy, Nord Anglia International School and Repton School Abu Dhabi.

Strong connectivity to Abu Dhabi’s mainland via major arterial bridges further enhances convenience and supports long-term residential appeal. The project will comprise premium residential towers offering a curated mix of apartments and penthouses, designed to support long-term value creation.

Building on strong market momentum

The signing builds on Royal Development Holding’s strong momentum recorded during 2025, during which recent residential launches across Al Reem Island achieved rapid market absorption. This performance reflects growing buyer confidence and reinforces trust in the Holding’s residential offering. The momentum underpins Royal Development Holding’s continued focus on delivering premium residential developments across key markets in the UAE in response to sustained market demand.

The projects are currently progressing through their development and planning stages, with an anticipated launch timeframe in early 2026.

Tariq Nazzal, CEO of Royal Development Holding, said:

Abu Dhabi’s residential market continues to mature, driven by infrastructure, education, and lifestyle anchors that support long-term demand. This announcement reflects our confidence in Al Reem Island as a key residential destination and our focus on delivering developments that are well positioned within the city’s evolving urban fabric.

Philip Barnes, Chief Executive Officer of Rotana, added:

Our partnership with Royal Development Holding reflects our approach to growth through long term relationships, shared values, and a disciplined development mindset. This project builds on the strength of ‘The Residences by Rotana’ and our experience in delivering residential environments defined by quality and consistency. Abu Dhabi continues to show strong fundamentals, and we are confident this collaboration will create lasting value for residents and partners.

The agreement marks another step in the evolution of branded residential offerings in Abu Dhabi, reinforcing Al Reem Island’s position as a key destination for premium, long-term living in the capital.