A brand new mixed-use beachfront project dubbed Danah Bay has officially been launched on Al Marjan Island in the emirate of Ras Al Khaimah (RAK). The project was launched by Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM).
The Danah Bay project spans a total area of well about 90,000 meters squared. A statement from Dubai Investments said that the $272 million flagship project aims to set and surpass the highest luxurious standards.
Features and amenities
The development offers a diverse range of freehold residential options. These include two-bedroom townhouses with roof terraces. Moreover, it will also include three-bedroom villas alongside four-bedroom beachfront villas.
Residents and visitors alike will have exclusive access to the project’s tranquil beach, retail, and an upper-scale 4-star hotel resort. Lastly, the lifestyle destination offers residents and visitors spectacular views of the Arabian Gulf.
Noteworthy, Danah Bay is only 50 minutes away from Dubai International Airport, and 60 minutes from Downtown Dubai. Additionally, it is approximately 30 minutes from Ras Al Khaimah Airport, and 30 minutes from Ras Al Khaimah City Centre.
Commentary on the Danah Bay mixed-use beachfront project
The vice chairman and CEO of Dubai Investments spoke about the project and the choice of its location. Khalid Bin Kalban said that the region offers expansive potential for the hospitality, tourism as well as residential industry.
As a result, the project will capitalize on the region’s lucrative opportunity. This will then pivot the project into creating a benchmark in mixed-use development. Moreover, it will provide long-term value to the general economy.
Furthermore, the project will strengthen the company’s real estate portfolio in addition to expanding its global presence.