Dubai Investments announces sale of first phase of RAK beach project

Dubai Investments announces sale of first phase of RAK beach project

Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM), has announced that Phase 1 of its flagship AED1 billion ($272.2 million) freehold project – Danah Bay – located at the heart of the Al Marjan Island in Ras Al Khaimah is fully sold out.

A premium beach community project coming up on a 90,000-sq-m area, Danah Bay features 188 villas - inclusive of two-bedroom townhouses with roof terrace, three-bedroom villas, four-bedroom beachfront villas and five-bedroom breakwater villas - along with a residential tower that includes 107 apartments with a mix of one- to four-bedroom penthouse apartments.

The project, which boasts 40,000 sq m of beaches, is a perfect resort-style retreat setting new standards and facilitating lucrative investment options in the emirate of Ras Al Khaimah, stated the developer.

Dubai Investments said Phase 1 includes a mix of two-, three- and three+ bedroom townhouses as well as four-bedroom villas, while Phase 2 comprises four-, five- and five+ bedroom villas in addition to two-bedroom townhouses and the final phase will include the hotel and the residential apartments.

On the project launch, Dubai Investments Real Estate General Manager Obaid Salami said: "Danah Bay is designed to not only create an ideal living environment