It includes a hotel and a beachfront residential community of residential towers and villas
Dubai Investments is investing one billion dirhams in a "freehold" project in Ras Al Khaimah
During the laying of the foundation stone for the Danah Bay project.
From the source
Dubai Investments Company, listed on the Dubai Financial Market, laid the foundation stone for the Danah Bay project, one of its latest major freehold projects in the UAE, which is located on Al Marjan Island in Ras Al Khaimah, in the presence of Sheikh Khalid bin Saud bin Saqr Al Qasimi, Vice Chairman of the Board of Directors of the Investment Office. development in Ras Al Khaimah.
Yesterday's statement stated that the project, which has an investment value of one billion dirhams, constitutes an integrated beach community, and an ideal haven that bears the character of luxury resorts, and contributes to setting new standards and facilitating profitable investment options in the emirate of Ras Al Khaimah.
Sheikh Khalid bin Saud bin Saqr Al Qasimi said: “Under the directives of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, we are launching work today on the latest real estate projects in Ras Al Khaimah, which will contribute to enhancing the quality of life, and consolidating the emirate’s position as a leading destination for projects.” World-class hospitality.
He added, "The real estate sector is a major pillar in Ras Al Khaimah's comprehensive and sustainable development plans, as the emirate has attractive economic and investment potential, supported by its integrated infrastructure, which makes it a preferred destination for major local, regional and international companies seeking to establish their innovative and unique projects on the emirate's land."
For his part, Khalid bin Kalban, Vice Chairman and Chief Executive Officer of the Dubai Investments Company, said: “The launch ceremony of the project embodies a significant and important achievement for the company, and is a clear indication of our expansion plans in the Emirate of Ras Al Khaimah, through major and important development projects. Which enhances the company's position and its role as a leading real estate developer throughout the Emirates.
He added, "The project was designed to be an ideal destination that would meet the requirements of the growing tourism sector in the emirate, while at the same time providing residential real estate options that allow for a distinguished and elegant lifestyle."
He continued: «In light of the widespread interest we are witnessing in the emirate in such projects, and the demand for attractive residential accommodation requirements, favorable and commercial ownership conditions, which is associated with the growing community of entrepreneurs and companies, we are confident that the project constitutes the first step in our journey, as it (Dubai Investments) will continue to benefit from the rewarding opportunities that the emirate will offer in the coming years.
In the same context, the CEO of Al-Murjan Company, Engineer Abdullah Al-Abdouli, said that the project is a developmental milestone that reflects the renaissance and growth in the vital real estate sector in the country, and is also considered a supportive element for the vision of Ras Al-Khaimah, a major destination that will empower communities through projects. World class, catering to their unique and exceptional needs.
The project is characterized by a design that simulates luxury, and extends over an area of approximately 86,000 square meters, with 40,000 square meters of beaches.
It also includes 209 villas, two-bedroom townhouses with a rooftop terrace, three- and four-bedroom beachfront villas, and five-bedroom waterfront villas.
The residential tower of the project also includes 128 apartments, ranging from a small “studio” to four-bedroom “penthouse” apartments, in addition to a four-star luxury hotel with 300 rooms, to be managed by Millennium & Copthorne Middle East Holding. .
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