Abu Dhabi National Hotels has awarded the AED 2.2 billion main construction contract for Nasim Al Bahr to Al Hamad Building Contracting. The piling is finished, and main construction is next.
What 73% means
ADNH put a total development value of AED 3 billion on the project at launch in November 2025. AED 2.2 billion divided by AED 3 billion is 73%: most of the launch value now sits under one construction contract, eleven months after the announcement.
What it doesn't tell you
A contract is not a finished building. And I don't know exactly what the other 27% covers. If you are buying, ask.
Who is building your home
ADNH is listed on the Abu Dhabi Securities Exchange, so its results are public. Nasim Al Bahr is its first residential project in Ras Al Khaimah. Check any developer the same way, whoever it is.
The project, and the date that moved
447 branded residences, 392 apartments and 55 villas and townhouses, alongside a 495-room Luxury Collection hotel. Handover has moved to Q4 2028. If you heard an earlier date, it is out of date. If the Wynn opens in September 2027 as scheduled, you would see more than a year of it operating before you get the keys.
The plan
20% during construction, 30% at completion, 50% over three years after handover. Per the developer, it is available until December 2026.
I sell property on Al Marjan Island, so weigh that. This is information, not financial advice.