Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM), announced that the first phase of its Dh1 billion ($272.2 million) flagship project, Danah Bay, located in the heart of Al Marjan Island in Ras Al Khaimah, has been completely sold out.

Danah Bay is a 90,000-square-meter development of premium beach communities with 188 villas - including two-bedroom townhouses with rooftop terraces, three-bedroom villas, four-bedroom beachfront villas and five-bedroom breakwater villas - and residential towers comprising 107 apartments, including one- to four-bedroom penthouses.

With 40,000 square meters of beach, the developer says the development is the perfect resort-style retreat, setting new standards and promoting profitable investment options in the Ras Al Khaimah emirate.

Dubai Investments said that Phase 1 includes two, three and more three-bedroom townhouses and four-bedroom villas, Phase 2 includes four, five and more five-bedroom villas and two-bedroom townhouses, and the final phase will include a hotel and residential apartments.

At the launch of the project, Obaid Salami, managing director of Dubai Investment Properties, said: "Dana Bay has been designed not only to create a desirable living environment, but also to bring a lucrative investment opportunity to the booming emirate of Ras Al Khaimah."

"The project redefines the beach living experience by transforming the luxury lifestyle, seamlessly integrating the components of a mixed-use development to create an effortlessly comfortable lifestyle that inspires a new way of living in a tranquil environment," Salami said.

"The response we have received from Phase I is promising and our goal is to maintain this momentum and break ground for our upcoming projects," he added.

Regarding Phase III, Salami said the 300-room Grand Millenium Resort at Dana Bay is an upscale resort with exciting specialty dining options and an array of beach entertainment.

"Designed to provide a rich resort-style experience in Ras Al Khaimah with all the attributes that make it a convenient location for tourists and locals to enjoy a relaxing vacation destination, it is expected to be completed in the first quarter of 2026," he added.