On Thursday, Dubai Investments officially began construction on Danah Bay, its most recent flagship freehold property in the UAE, which is situated on Al Marjan Island.
Ras Al Khaimah’s Danah Bay is a resort-style getaway with a price tag of Dh1 billion.
The project covers about 86,000 square meters, including 40,000 square meters of beaches. The project’s residential tower has 128 apartments, ranging in size from studios to four-bedroom penthouses, and is made up of 209 villas, including two-bedroom townhouses with roof terraces, three-bedroom villas, four-bedroom beachfront villas, and five-bedroom breakwater villas.
Sheikh Khalid bin Saud Al Qasimi, Vice Chairman of the Investment and Development Office of Ras Al Khaimah, Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, Abdulla Al Abdouli, CEO of Marjan, and Ali Bin Khalfan Al Mutawa Al Dhaheri, Founder Chairman of Ali & Sons Holding LLC, participated in the groundbreaking ceremony.
“This ground-breaking ceremony is a significant milestone for us as it reiterates our expansion into the emirate of Ras Al Khaimah, with our flagship development, enhancing Dubai Investments’ position as a pan-UAE developer. The project is designed as an ideal destination that will cater to the growing tourism requirements of the emirate and provide residential opportunities that offer a distinct lifestyle,” said Khalid Bin Kalban.
“There is a huge interest for projects like these in the emirate and with attractive residency requirements, favorable property and business ownership terms coupled with the growing community of entrepreneurs and companies, we are positive that Danah Bay is only the beginning and Dubai Investments will continue to capitalize on the lucrative opportunities that the emirate will have to offer in the coming years.”
The developer of the Danah Bay project, Dubai Investments, has hired AE Seven Morse Architecture & Engineering Consultancies Co. as consultants for the project’s design and management. DIR is a completely owned real estate subsidiary of DIR.
Commenting on the groundbreaking ceremony, Abdulla Al Abdouli, said: “Danah Bay is a developmental milestone that reflects not only the dynamic UAE real estate sector but also supports the vision of Ras Al Khaimah as a key 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 both residents and investors in varied sectors, this waterfront project builds on our commitment to deliver premium offerings to enrich the lifestyle of our diverse stakeholders.”
A 300-key, four-star, upper-scale hotel is also part of the project and is run by Millennium and Copthorne Middle East Holdings.