20-05-2025
Royal Development records Dh2 billion in sales in Q1
Abu-Dhabi based real estate development management company Royal Development Company — a subsidiary of Emirates Stallions Group — has achieved Dh2 billion in sales in Q1 of 2025, compared to Dh8 billion in all of 2024.
Established in 2010, the company has rapidly grown in the past 15 years, hitting several sales and performance milestones, gaining reputation as a major player in the international development management arena, and becoming one of the most trusted and capable companies in this field. It has extended its footprint to 15 countries in the Middle East, Africa, the Americas, Europe and Asia, enriching communities and shaping the global real estate landscape with over 60 transformational projects spanning hospitality, residential, and mixed-use developments.
ESG's CEO Kayed Khorma said: 'Since its establishment, Royal Development Company has gained an unmatched reputation for delivering distinctive projects, supporting the realization of Abu Dhabi's Economic Vision 2030 and leaving its mark on the global real estate industry. We are proud of having them as a subsidiary of ESG since 2021, which helped unlock numerous opportunities for the company to showcase their global expertise in delivering outstanding residential and hospitality projects that illustrate their architectural creativity and effective business practices.'
Tariq Nazzal, GM of Royal Development Company commented: 'At Royal Development Company, we've built our name on our proven multi-disciplinary expertise, extensive market knowledge, and holistic real estate development management approach to constantly exceed clients' expectations, from investors seeking exceptional returns to developers looking for a knowledgeable and trustworthy partner. Today, our clients' ever-growing trust is the measure of our success as we remain fully committed to applying best industry practices to the highest quality standards.'
Right after Royal Development Company became a subsidiary of ESG, it was assigned with the development management of Reem Hills - a new luxury and eco-friendly residential community on Abu Dhabi's Al Reem Island – and has managed to sell all phases of the project in a record time. Similarly, Royal Development Company sold out the branded apartments at Mallside Residence - Curio Collection by Hilton, another project managed by the company. Such results clearly reflect the company's strategic prowess and operational efficiency, as well as its credibility in the market.
In addition to Mallside Residence and Reem Hills, Royal Development Company's portfolio counts numerous residential, hospitality and mixed-use projects, including Albizya Bay – Canopy by Hilton and Waldorf Astoria Platte in Seychelles; the Conrad Arzana Resort in Morocco; the Viceroy Kopaonik Hotel in Serbia, which was nominated for the 'Best of Year Awards' in 2021, courtesy of the renowned Interior Design magazine; the Scarlet Beach Resort in Greece; Reem Heights in Pakistan; and The Desert Mediation Retreat in Abu Dhabi.
The company has been actively exploring ways to integrate best sustainability practices in its developments.
'One practice that recently caught our attention is building decarbonization, a revolutionary real estate strategy using AI and data analytics to reduce carbon dioxide emissions from buildings through energy-efficient designs, sustainable materials and renewable energy sources', said GM Tariq Nazzal, adding: 'This practice is not only environmentally responsible, but also financially viable, marking a pivotal advance in our industry's role in mitigating climate change'.
Further highlighting its commitment to sustainable practices, Royal Development Company partook in ESG's initiative for the restoration of mangroves at Umm Yifenah island in Abu Dhabi.
In that perspective, ESG's CEO Kayed Khorma said: 'Through such initiatives, ESG not only supports the ecological health of Abu Dhabi, but also reinforces its role as a leader in corporate responsibility. The event was a powerful ESG team building activity that enriched our collective understanding of environmental challenges and demonstrated a strong commitment to steering our community towards a more sustainable and resilient future.'
