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The Danah Bay project on Al Marjan Island will add about 90 thousand sq. m. of luxury real estate in the emirate and will cost the developer AED 1 billion.
Dubai Investments, a leading investment company listed on the Dubai financial market, has announced its intention to implement its flagship Danah Bay project with an area of about 90,000 square meters and a cost of 1 billion dirhams (US$ 270 million) in the northern emirate of the UAE Ras Al Khaimah to meet the growing demand for luxury real estate in the UAE.
It will be a lively, multifunctional coastal complex and a place to live on the island of Al Marjan, already known to Dubai investors in resort real estate, which will help the same investors benefit from growth opportunities in the region.
The project includes luxury townhouses and villas, residential apartments overlooking the embankment, a 4-star resort of the highest class and public shopping facilities. The hotel will have 300 rooms, a beach complex and serviced apartments. The total area of the beaches here is estimated at 40,000 sq. m.
