Dubai Investments lays the foundation for the pioneering “Dana Bay” project on Al Marjan Island in the emirate of Ras Al Khaimah, with an investment value of one billion dirhams

The property project is an ideal choice for a holiday home, primary residence or a promising investment property.

Dubai United Arab Emirates: Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), today broke ground for Dana Bay, one of its flagship and latest freehold projects in the UAE, located in the heart of Al Marjan Island. The Dana Bay project, with an investment value of one billion dirhams, is an integrated and distinct beach community, and an ideal harbor with the character of luxury resorts, and contributes to the establishment of new standards and the facilitation of profitable investment options in the Emirate of Ras Al Khaimah.

The foundation stone laying ceremony was attended by Sheikh Khalid bin Saud bin Saqr Al Qasimi, Vice Chairman of the Board of Directors of the Investment and Development Office in Ras Al Khaimah, Khalid bin Kalban, Vice Chairman and Chief Executive Officer of the Dubai Investments Company, and Eng Abdullah Al Abdouli, CEO of Al Marjan Company. His Excellency Ali bin Khalfan Al Mutawa Al Dhaheri, Founder and President of Ali & Sons Company.

Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said: “The inauguration ceremony of the “Dana Bay” project embodies a significant and important achievement for Dubai Investments, and is a clear indication of our expansion plans in the Emirate of Ras Al Khaimah, through projects The most important and important development, which enhances the company’s position and its role as a leading real estate developer in all parts of the United Arab Emirates, and this project is designed to be an ideal destination that will meet the requirements of the growing tourism sector in the emirate, while at the same time offering residential real estate options that offer a style of distinguished, sophisticated and modern living. the demand for attractive residential accommodation requirements, favorable and commercial ownership conditions, which are accompanied by the growing community of entrepreneurs and companies, we are confident that the “Dana Bay” project “This is the first step in our journey, as Dubai Investments will continue to take advantage of the rewarding opportunities that the emirate will offer in the coming years.”

Dubai Investments, through its wholly-owned subsidiary Dubai Real Estate Investment Company, which is developing the Dana Bay project, has appointed AE Seven Morse Engineering and Architectural Consultants as the design and supervision consultant for the project.

Commenting on the inauguration ceremony of the “Dana Bay” project, Eng. Abdullah Al-Abdouli, CEO of Al-Murjan Company, said:

The “Dana Bay” project constitutes a development milestone that reflects the revival and growth in the important real estate sector in the country, not only that, but also a supporting element for the vision of Ras Al Khaimah, as an important destination, that empower communities through world-class projects that meet their unique needs. Based on our position and our role as a master developer responsible for supporting Ras Al Khaimah’s diversification strategy and transforming the emirate into an attractive and preferred destination for both residents and investors in various sectors, this waterfront project is based on our commitment to provide outstanding offerings to enrich the lifestyles of stakeholders. Miscellaneous”.

The “Dana Bay” project is characterized by a design that simulates luxury and enhances the aesthetics that will complement the tranquil landscape, as it extends over an area of ​​approximately 86,000 thousand square meters with 40,000 thousand square meters of beaches. The project includes 209 villas, along with 2-bedroom houses with a roof terrace, 3-bedroom villas, 4-bedroom beachfront villas and 5-bedroom waterfront villas. The residential tower of the project also includes 128 apartments, ranging from small studios to 4-bedroom penthouses.

The project includes a 4-star luxury hotel with 300 rooms, which will be managed by Millennium & Copthorne Middle East Holding. The hotel enjoys an ideal location within the project, with contemporary architecture that reflects the marine lifestyle and offers endless beautiful views of the sea, to be an ideal place for rest and relaxation, with exclusive access to the beach for residents and guests .

The Dana Bay project is strategically located, just 50 minutes from Dubai International Airport, 60 minutes from Downtown Dubai, 30 minutes from Ras Al Khaimah Airport, and 30 minutes from Ras Al Khaimah City Centre. It is an ideal destination and a haven for rest and relaxation, stimulating the well-being of visitors, through its elegant, urban and modern exterior and interior design, enabling effortless comfort, luxury and sustainable luxury, and is ‘ a source of inspiration for a new and different lifestyle.

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