The freehold project is designed as an ideal choice for a holiday home, a primary residence or an investment property
Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) has broken ground today on Danah Bay - its latest flagship freehold project in the UAE located at the heart of the Al Marjan Island. Danah Bay is an AED 1billion premium beach community and a perfect resort-style retreat, setting new standards and facilitating lucrative investment options in the emirate of Ras Al Khaimah.
The ground-breaking ceremony was held by Sheikh Khalid bin Saud Al Qasimi, Vice Chairman of Ras Al Khaimah’s Investment and Development Office, Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments, Abdulla Al Abdouli, CEO of Marjan and H.E Ali Bin Khalfan Al Mutawa Al Dhaheri, Founder Chairman of Ali & Sons Holding LLC.
“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. 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 capitalise on the lucrative opportunities that the emirate will have to offer in the coming years,” said Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments.
Dubai Investments through its’ wholly owned real estate subsidiary Dubai Investments Real Estate (DIR), the developer of the Danah Bay project, has appointed AE Seven Morse Architecture & Engineering Consultancies Co. as consultants for design and supervision of the project.
Commenting on the groundbreaking ceremony, Abdulla Al Abdouli, CEO of Marjan, 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.”
With a design promoting well-being and the aesthetics complementing the serene landscape, Danah Bay spans an area of approximately 86,000 sqm with 40,000 sqm of beaches. Comprising of 209 villas inclusive of 2-bedroom townhouses with roof terrace, 3-bedroom villas, 4-bedroom beachfront villas and 5-bedroom breakwater villas, the project’s residential tower includes 128 apartments from studio to 4-bedroom penthouse apartments.
The 300-keys 4-star upper scale hotel on the project, operated by the Millennium and Copthorne Middle East Holdings and located ideally within the development with a contemporary architecture and influenced by casual beach lifestyle, is designed to provide uninterrupted sea views, providing an ideal setting for rest and recreation, with exclusive beach access to residents and guests.
Located ideally, just 50 minutes away from Dubai International Airport, 60 minutes from Downtown Dubai, 30 minutes from Ras Al Khaimah Airport and 30 minutes from Ras Al Khaimah City Centre, Danah Bay is a relaxing retreat, encouraging visitor wellbeing and coupled with its elegant, urban, and modern exteriors and interiors provide comfortable, sustainable and effortless luxury, inspiring a new lifestyle.