Dubai Investments, a leading investment company listed on the Dubai Financial Market, today (December 22) broke ground on its flagship freehold project, Danah Bay, located in the heart of Al Marjan Island in Ras Al Khaimah.
The project is being developed through its wholly-owned real estate subsidiary, Dubai Investments Real Estate (DIR).
A statement from Dubai Investments said the beach community and resort being developed with a total investment of Dh1 billion ($272.2 million), Danah Bay will set new standards and promote profitable investment options in the northern emirate.
Dubai Investments has appointed AE Seven Morse Architectural and Engineering Consultants as consultants for the design and supervision of the project.
Danah Bay has been designed to promote wellness and aesthetics, complemented by a tranquil landscape of 86,000 square meters with 40,000 square meters of beach.
The development features 209 villas - including two-bedroom townhouses with rooftop terraces, three- and four-bedroom beachfront villas, and five-bedroom breakwater villas - while its residential tower has 128 apartments - from studios to four-bedroom penthouses.
Danah Bay will also feature a 300-key, four-star, upscale hotel that will be operated by Millennium and Copthorne Middle East Holdings.
Ideally located with contemporary architecture and influenced by the casual beach lifestyle, the developer says the development is designed to provide uninterrupted ocean views, an ideal setting for rest and recreation, and exclusive beach access for residents and guests.
It not only reflects the vibrancy of the UAE's real estate sector, but also supports Ras Al Khaimah's vision as a major destination that empowers communities with world-class projects that meet their unique needs.
"As a master developer responsible for supporting Ras Al Khaimah's diversification strategy and transforming the emirate into a sought-after destination for residents and investors from different sectors, this waterfront project builds on our commitment to deliver a quality product that enriches the lifestyles of our diverse stakeholders," he said.
Kalban noted that there is tremendous interest in projects like this in the UAE.
Strategically located just 50 minutes from Dubai International Airport and 30 minutes from Ras Al Khaimah Airport, Dana Bay is a relaxing retreat that encourages visitors to pamper themselves, coupled with its elegant, urban and contemporary exteriors and interiors, offering comfort, sustainability and effortless luxury that inspires new lifestyles.
