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The phrase "is nearly double" is correct and can be used in written English.
It is commonly used to indicate that a number or quantity is close to being twice as much as another number or quantity. Example: The company's profits this year are nearly double what they were last year.
Exact(58)
That is nearly double the expected number.
This is nearly double any other charity.
That is nearly double the rate in the previous quarter.
That is nearly double his stock award the previous year.
That is nearly double the Utah payroll in years past.
That is nearly double the level of three years earlier.
That is nearly double the current number, 11 million.
That is nearly double what Barnes & Noble's entire market capitalization was on Friday.
That is nearly double the 8,062 houses in the same area in 1990.
That is nearly double Barnes & Noble's market value of $869 million as of Wednesday.
The Leaf's rating is nearly double that of the Toyota Prius hybrid, which is 50 m.p.g.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com