Dubai Investments breaks ground on $272m Danah Bay community project on Al Marjan Island in Ras Al Khaimah
Flagship freehold community to offer 209 villas, a residential tower, and a four-star, 300-key hotel
Dubai Investments, the publicly listed, UAE-based, multi-asset investment company, has announced that it has broken ground on its flagship freehold project in Ras Al Khaimah – Danah Bay, which will be located on Al Marjan Island.
Billed as a premium beach resort-style community, the $272 million Danah Bay project will help to attract investment into the emirate of Ras Al Khaimah, while also setting new standards of luxury residential development, Dubai Investments said in a statement.
It added that the project would be developed via its subsidiary, Dubai Investments Real Estate (DIR), and that AE Seven Morse Architecture & Engineering Consultancies Co had been chosen as the consultants of the project, overseeing design and supervision.
The development consists of 209 villas, inclusive of two-bedroom townhouses with roof terraces, three-bedroom villas, four-bedroom beachfront villas, and five-bedroom breakwater villas, along with a residential tower of 128 apartments ranging from studios to four-bedroom penthouses.
Spanning a total area of 86,000sqm, Danah Bay will offer residents and investors 40,000sqm of beachfront, landscaped areas, and a 300-key, four-star hotel, which will be operated by Millennium and Copthorne Middle East Holdings. It will be located within the development, with contemporary architecture and a casual beach lifestyle influence.
The hotel has been designed to provide uninterrupted sea views, providing an ideal setting for rest and recreation, with exclusive beach access to residents and guests, the statement said.
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, favourable 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.
Located 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 aims to be a developmental milestone that reflects the dynamism of the UAE real estate sector, as well as Ras Al Khaimah’s vision of being a key destination, said Abdulla Al Abdouli, CEO of Marjan.
“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,” he concluded.
