Dubai Investments, a leading investment company listed on the Dubai Financial Market, has broken ground on its flagship freehold project – Danah Bay – located in the heart of the 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 beach community and resort-style retreat being developed at a total investment of AED1 billion ($272.2 million), Danah Bay will set new standards and facilitating lucrative investment options in the northern emirate.
DIR has appointed AE Seven Morse Architecture & Engineering Consultancies Company as the consultant for design and supervision of the project. With a design promoting well-being and the aesthetics complementing the serene landscape, Danah Bay spans an area of 86,000 sq m with 40,000 sq m of beaches.
The project features a total of 209 villas – inclusive of two-bedroom townhouses with roof terraces; three- and four-bedroom beachfront villas and five-bedroom breakwater villas – and a residential tower with 128 apartments, ranging from studios to four-bedroom penthouse apartments.
Danah Bay will also be home to a 300-key four-star upper-scale hotel, which will be operated by the Millennium and Copthorne Middle East Holdings.