Dubai Investments announced a Dh1 billion flagship project in Ras Al Khaima to cater to the growing demand for luxury properties in the UAE. The company listed on the Dubai Financial Market launched a 90,000 sq mt (sqm) Danah Bay, a mixed-use beachfront community and lifestyle destination on Al Marjan Island to capitalize on growth opportunities in the region. The total area of beaches is estimated at 40,000sqm.
The project includes luxury townhouses and villas, residential waterfront apartments, an upper-scale 4-star hotel resort, and a community retail facility. The hotel will have 300 keys, a beach resort, and serviced apartments.
The construction is expected to start by the end of this year and its first phase will be completed by December 2024. Khalid bin Kalban, Vice-Chairman and CEO of Dubai Investments, said the region offers tremendous potential for the residential and hospitality sectors.
Danah Bay is a freehold project, designed as an ideal choice for a holiday home, a primary residence, or an investment property. The project’s design promotes well-being, with aesthetics completing the landscape and offering lucrative investment opportunities to investors.
Danah Bay offers a variety of freehold residential options including stunning two-bedroom townhouses with roof terraces, three-bedroom villas, and four-bedroom beachfront villas along with waterfront residential apartments. It also offers waterfront residential apartments from studio to four-bedroom.
