Dubai Investments signs deal for a 300-room hotel in Ras Al Khaimah

Dubai Investments signs deal for a 300-room hotel in Ras Al Khaimah

Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) has signed a deal with Millennium Hotels & Resorts to open ‘Grand Millennium Resort, Danah Bay – the group’s latest flagship freehold project located at the heart of the Marjan Island.

Khalid bin Kalban, vice-chairman and CEO, Dubai Investments' and Fahad Abdulrahim Kazim, CEO of Millennium Hotels & Resorts, Middle East & Africa, signed the agreement.

The 300-room hotel will be operated under the Grand Millennium brand and positioned as an upper upscale resort with exciting specialty dining options and a host of beach recreational facilities. The hotel is estimated to be completed by fourth quarter of 2025.

Khalid bin Kalban said the tourism sector in Ras Al Khaimah has been enjoying a period of growth and profitability and has chalked out several ambitious plans to continue the growth of this sector.

"Over the years, Dubai Investments has maintained a healthy portfolio of hotel projects through its mixed-use developments and the inclusion of Grand Millennium Resort - Danah Bay is another perfect addition," he said.

"Positioned among the list of promising hotel projects that will benefit from the mixed-use development features and the ideal location of the project, the upcoming hotel will