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Dubai Investments, a leading investment firm listed on the Dubai Financial Market (DFM), has launched Danah Bay, a vibrant mixed-use waterfront community and lifestyle destination on Al Marjan Island in Ras Al Khaimah, overlooking the Arabian Gulf.
A Dh1 billion ($272 million) flagship project in a freehold premium beach community sets a new standard for Ras Al Khaimah, according to a statement from Dubai Investments.
It said that with the group’s expertise spanning multiple sectors over the past 27 years, and the fact that the real estate industry is a key vertical, this new project adds to its impressive lineup of real estate developments, namely Tannery Bay.
The project covers approximately 90,000 square meters and includes luxury townhouses and villas, residential beachfront condos, an upscale 4-star hotel resort and community retail.
Vice Chairman and CEO Khalid Bin Kalban said: “The area offers great potential for residential, hospitality and tourism, and after careful assessment and in line with market trends, we have announced this integrated beach community in Ras Al Khaimah, which Will capitalize on lucrative opportunities in the emirate, create a benchmark for mixed-use development and provide long-term value to the economy.”
Danah Bay offers a variety of freehold residential options, including two-bedroom townhouses with roof terraces, three- and four-bedroom beachfront villas, and beachfront residential apartments. The project’s tranquil beaches provide residents and hotel guests with exclusive access to recreational activities and relaxation.
“Benefiting from the group’s resilient business model, which supports diversification through unique investments, Danah Bay has taken a step forward in strengthening the group’s real estate portfolio and expanding its regional presence,” said Bin Kalban.
Danah Bay is ideally located in Ras Al Khaimah, known for its tourism, hospitality and attractive real estate market, 50 minutes from Dubai International Airport and 30 minutes from Ras Al Khaimah Airport.-TradeArabia News Service
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