The $S=1$ dimer system K$_2$Ni(MoO$_4$)$_2$: a candidate for magnon Bose-Einstein condensation

Dimerized quantum magnets provide a unique possibility to investigate Bose-Einstein condensation of magnetic excitations in crystalline systems at low temperature. Here, we model the low-temperature magnetic properties of the recently synthesized spin $S=1$ dimer system K${}_2$Ni(MoO${}_4$)$_2$ and propose it as a new candidate material for triplon and quintuplon condensation. Based on a first principles analysis of its electronic structure, we derive an effective spin-dimer model that we first solve within a mean-field approximation to refine its parameters in comparison to experiment. Finally, the model is solved by employing a numerically exact quantum Monte Carlo technique which leads to magnetic properties in good agreement with experimental magnetization and thermodynamic results. We discuss the emergent spin model of K${}_2$Ni(MoO${}_4$)$_2$ in view of condensation of magnetic excitations in a broad parameter regime. Finally, we comment on a geometrical peculiarity of the proposed model and discuss how it could host a supersolid phase upon structural distortions.