Dubai Investments (DI), the prominent investment firm listed on the Dubai Financial Market (DFM), has celebrated a significant milestone by commencing construction on residential and hotel towers on Danah Bay, Al Marjan Island, Ras Al Khaimah. This groundbreaking moment signifies a notable advancement in the ongoing development of the prestigious coastal enclave.
The project, valued at Dhs1 billion, spans approximately 90,000sqm, including 40,000sqm of beaches, and features 189 villas. The Danah Bay Residential Tower, towering 89 meters high, will consist of 143 units ranging from one to four-bedroom apartments and luxurious penthouses. With its distinct wavy, glazed façade and stunning sea vistas, the tower assures residents a haven of tranquility, complete with direct beach access and proximity to the upscale Grand Millennium resort.
The 4-star Grand Millennium resort, boasting 300 rooms, aims to redefine hospitality standards with its array of amenities, such as meeting rooms, restaurants, a pristine beach area, exclusive beach club, rejuvenating spa, and state-of-the-art fitness facilities.
“We have initiated the enabling works for the residential and hotel tower at Danah Bay, Al Marjan Island, and this groundbreaking ceremony today marks the formal commencement of construction activities on-site. Breaking ground on the Danah Bay residential tower and the hotel signifies another milestone within the project, establishing new benchmarks in urban development. The Group’s vision of offering luxury residential spaces within a mixed-use destination is aligned with Dubai Investments’ confidence in Ras Al Khaimah as an emerging destination for living, leisure, and exploration – all in one.
The emirate demonstrates significant potential, and Danah Bay on Al Marjan Island will play a crucial role in evolving it into a highly desirable beach community and retreat,” states Obaid Salami, General Manager of Dubai Investment Real Estate, the project’s developer and the real estate arm of Dubai Investments.
Danah Bay’s construction journey began in 2023, positioning itself as a coveted luxury lifestyle destination attracting attention from both local and international investors. Phase 1 of the project includes 2-bedroom townhouses, 3-bedroom, 3+ bedroom, and 4-bedroom villas, and construction is progressing steadily, gearing up for handover in Q1 2025.
