Dubai Investments has broken ground on its residential and hotel towers project located in Ras Al Khaimah, spanning a 90,000-sq-m area, with 40,000 sq m of beaches featuring 189 villas.

The key development – comprising Danah Bay Residential Tower and the four-star Grand Millennium resort – is being built at a total investment of AED1 billion ($272 million) on Danah Bay, Al Marjan Island.

Standing 89-m tall, the Danah Bay Residential Tower will offer 143 units comprising one- to four-bedroom apartments and luxurious penthouses, said Dubai Investments.

With its distinctive wavy, glazed façade and breathtaking sea views, the tower will have direct beach access and proximity to the upscale Grand Millennium resort, it stated.

The Grand Millennium resort, with 300 rooms, will redefine hospitality standards with its diverse amenities, including meeting rooms, restaurants, a pristine beach area, exclusive beach club, rejuvenating spa, and state-of-the-art fitness facilities, it added.

Speaking at the ceremony, Obaid Salami, General Manager of Dubai Investment Real Estate, the developer of the project and the real estate arm of Dubai Investments, said: “We have commenced the enabling works for the residential and the hotel tower at Danah Bay, Al Marjan Island and this ground-breaking ceremony, signifies the formal start of construction activities on-site.”

Danah Bay’s construction journey began in 2023. The project’s Phase One includes two-bedroom townhouses, and three-, three-plus bedroom and four-bedroom villas.

Dubai Investments said the construction of Phase One had been progressing steadily and was on track for handover in Q1 2025. Phase Two, which comprises four-, five- and five-plus-bedroom villas and two-bedroom townhouses, is expected to be ready by Q2 2025.

The residential and hotel towers are part of Phase Three of the project and are expected to be completed by Q3 2026 and Q3 2027, respectively, he added.