Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Dubai Investments recently broke ground on Danah Bay – its latest flagship freehold project located on Al Marjan Island. Danah Bay is a Dhs1bn premium beach community with a resort-style retreat in Ras Al Khaimah. Khalid Bin Kalban, vice chairman and CEO, Dubai Investments, said: “This ground-breaking ceremony is a significant milestone for us as it reiterates our expansion into the emirate of Ras Al Khaimah, with our flagship development, enhancing Dubai Investments position as a pan-UAE developer. The project is designed as an ideal destination that will cater to the growing tourism requirements of the emirate and provide residential opportunities that offer a distinct lifestyle. There is a huge interest in projects like these in the emirate and with attractive residency requirements, favorable property and business ownership terms coupled with the growing community of entrepreneurs and companies, we are positive that Danah Bay is only the beginning and Dubai Investments will continue to capitalise on the lucrative opportunities that the emirate will have to offer in the coming years.” Dubai Investments through its wholly owned real estate subsidiary Dubai Investments Real Estate, the developer of the Danah Bay project, has also appointed AE Seven Morse Architecture & Engineering Consultancies