Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has launched an AED 1 billion Danah Bay project, a mixed-use beachfront destination on Al Marjan Island, Ras Al Khaimah.
Spanning approximately 90,000 square meters, the project includes luxury townhouses and villas, residential waterfront apartments, an upper scale 4-star hotel resort and community retail.
"This region offers tremendous potential for the residential, hospitality and the tourism industry and after careful evaluation and in line with the market trends, we have announced this integrated beach community in Ras Al Khaimah, that will capitalise on the lucrative opportunities of the emirate, creating a benchmark in mixed-use development and providing a long-term value to the economy. Benefiting from the Group’s resilient business model, supporting diversification through unique investments, Danah Bay is a step forward in strengthening the Group’s real estate portfolio and expanding presence regionally,"
said Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments.
Danah Bay offers a variety of freehold residential options including two-bedroom townhouses with roof terrace, three-bedroom villas and four-bedroom beachfront villas along with waterfront residential apartments.
News Source: Emirates News Agency