Dubai Investments, a prominent investment firm listed on the Dubai Financial Market (DFM), has achieved a significant milestone with the commencement of construction on residential and hotel towers in Danah Bay, Al Marjan Island. This groundbreaking event marks a pivotal advancement in the ongoing development of this esteemed coastal area.
Valued at AED 1 billion, the project encompasses approximately 90,000 square meters, featuring 40,000 square meters of pristine beachfront and comprising 189 villas. The Danah Bay Residential Tower, towering at 89 meters, will offer 143 units ranging from one to four-bedroom apartments and luxurious penthouses.
Characterized by its distinctive wavy, glazed exterior and breathtaking sea views, the tower promises residents a tranquil haven with direct beach access and close proximity to the upscale Grand Millennium resort.
Grand Millennium Resort
The 4-star Grand Millennium resort, boasting 300 rooms, is set to redefine hospitality standards with its diverse array of amenities, including meeting rooms, restaurants, a pristine beach area, exclusive beach club, rejuvenating spa, and state-of-the-art fitness facilities.
Obaid Salami's Statement
Obaid Salami, General Manager of Dubai Investment Real Estate, expressed his thoughts on the groundbreaking ceremony, stating, "We have commenced the enabling works for the residential and hotel towers at Danah Bay, Al Marjan Island. This significant milestone signifies the formal initiation of construction activities on-site."
Salami further emphasized the project's role in setting new benchmarks in urban development, underscoring Dubai Investments' confidence in Ras Al Khaimah as an emerging destination for living, leisure, and exploration. He highlighted the emirate's immense potential and affirmed Danah Bay's pivotal role in transforming it into a highly sought-after beach community and retreat.
Construction Phases
The construction journey of Danah Bay commenced in 2023, garnering attention as a coveted luxury lifestyle destination for both local and international investors. Phase 1 of the project, including 2-bedroom townhouses, 3-bedroom, 3+ bedroom, and 4-bedroom villas, is steadily progressing and slated for handover in Q1 2025.
Phase 2, encompassing 4-, 5-, and 5+ bedroom villas along with 2-bedroom townhouses, is expected to be ready by Q2 2025. The residential and hotel towers form part of Phase 3, further enhancing the allure of Danah Bay as a premier destination in Ras Al Khaimah.
Anticipated Completion
With construction goals firmly on track, the completion of the residential tower and hotel is anticipated by Q3 2026 and Q3 2027, respectively. Dubai Investments' groundbreaking initiative underscores its commitment to elevating the landscape of Ras Al Khaimah and reaffirms its position as a leading player in the region's real estate sector.