Dubai Holding, an investment company owned by Sheikh Mohammed bin Rashid al Maktoum, is reportedly in talks to sell the luxurious Nikki Beach Resort & Spa. According to Bloomberg, the resort is being valued at AED800 million ($218 million). Jones Lang LaSalle Incorporated (JLL), a real estate firm, is working with the property for the potential sale. While the deliberations are ongoing, there is no certainty of a sale.

The Nikki Beach Resort & Spa is a high-end beachfront property boasting 117 rooms and suites, 15 villas with private pools, and over 60 lifestyle residences. Recently, Aldar Properties, Abu Dhabi’s leading real estate developer, has signed a joint venture agreement with Dubai Holding. The deal will see both companies develop 9,000 residential units across three communities, marking Aldar's entry into the Dubai property market.