Dubai Investments Breaks Ground on AED 1 Billion Residential and Hotel Development in Ras Al Khaimah
Dubai Investments has officially commenced construction on the Danah Bay Residential Tower and the 4-star Grand Millennium resort in Ras Al Khaimah, marking a significant milestone in developing the AED 1 billion project. The development, featuring luxury residential units and state-of-the-art hospitality facilities, is poised to establish a new benchmark for luxury and lifestyle in the region.
Dubai Investments, a leading investment company, announced Today the ground-breaking of its ambitious Danah Bay project on Al Marjan Island, Ras Al Khaimah. This project encompasses the Danah Bay Residential Tower and the 4-star Grand Millennium resort, both part of a more considerable AED 1 billion investment to enhance the emirate’s appeal as a prime destination for residents and tourists alike, report from ZAWYA.
The development spans over 90,000 square metres and includes 40,000 square metres of pristine beachfront, 189 villas, and numerous amenities designed to offer a superior lifestyle experience. The residential tower, reaching a height of 89 metres, will provide 143 one- to four-bedroom apartments and luxurious penthouses. The Grand Millennium resort will also feature 300 rooms, meeting rooms, restaurants, a beach club, a spa, and advanced fitness facilities.
Obaid Salami, General Manager at Dubai Investment Real Estate, expressed his enthusiasm during the ground-breaking ceremony: “Today’s ceremony not only represents the start of construction but also signals the ongoing commitment of Dubai Investments to Ras Al Khaimah’s development as a dynamic destination for living, relaxation, and exploration. The response from investors has been overwhelmingly positive, reflecting confidence in the project’s potential and our vision for a comprehensive, mixed-use development.”
The project began construction in 2023 and is scheduled for a phased completion. Phase 1, including various residential villas, is set for handover in Q1 2025, with subsequent phases to follow through Q3 2027, culminating in the grand opening of the residential and hotel towers.
