Dubai Investments is venturing into resort development with Danah Bay, a Dh1 billion mixed-use beachfront destination on Al Marjan Island in Ras Al Khaimah. Spanning 90,000 square meters, the project will include townhouses and villas, waterfront apartments, a 300-key 4-star resort and retail.
Read the full story here: https://gulfnews.com/business/property/dubai-investments-launches-dh1b-danah-bay-in-ras-al-khaimah-1.1663670228775
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Read the full story here: https://gulfnews.com/business/property/dubai-investments-launches-dh1b-danah-bay-in-ras-al-khaimah-1.1663670228775
See more videos at https://gulfnews.com/videos
Read more Gulf News stories here: https://bit.ly/2HLJ2km
Subscribe to Gulf News on YouTube and watch more of our videos: https://www.youtube.com/user/GulfNewsTV
#UAEnews #rasalkhaimah #dubai
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NewsTranscript
00:00The size of the land is around 1 million square foot.
00:16The built-up area, all in all, it will be around 2 million.
00:21The component of the project is around 190 villas, there is a hotel and service apartment
00:26and 300 keys, and there are some residential apartments, 120.
00:33The whole project is broken into phases, the first villa is 131, and then the remaining
00:41villas and the hotel will follow.
00:43The total cost of the project is around 1 billion dirhams.
00:46We should be starting construction very soon, and we hope that this project will sell itself
00:51because it is actually location, the component of the project, and affordable prices.