Dubai Investments, through its wholly owned subsidiary Dubai Investments Real Estate (DIR), continues to advance construction activity across its real estate portfolio, with projects progressing in line with planned handover schedules across all its real estate projects.
At its key project in Danah Bay on Al Marjan Island in Ras Al Khaimah, DIR said delivery across the development continues in line with the approved phased execution plan.
With the work in full swing on the project, the residential tower is set for completion by Q1 next year, while the hotel is likely to be completed by Q3 2027.
Construction activity across both structures is progressing steadily, with the residential tower reaching 32.1% overall completion and the hotel property achieving 24% completion.
Foundation and substructure works have been completed for both towers, with superstructure construction currently underway, it stated.
Within the same development, the villa phase, comprising 189 villas, has achieved 100% construction completion, with partial handover completed across selected villa packages, marking a key delivery milestone.
Construction continues across the remaining components of Danah Bay, with works advancing in accordance with the project’s phased construction and handover strategy, said a spokesman for the company.
"In Dubai, the Violet Tower in Jumeirah Village Circle remains on track for completion in Q4, in line with previously communicated timelines. Construction activity at the residential tower has reached 57.61% completion, with works progressing steadily across the project," he stated.
At Asayel Avenue, part of the Mirdif Hills master development, handover is expected by Q2 2027, he added.
DIR said construction work began in Q2 last year and has since progressed to 28.47% completion, forming part of its integrated residential community developments in Dubai.
Meanwhile, Al Vista in Meydan is scheduled for completion in Q1 2028, supporting DIR’s longer-term delivery pipeline. The project has completed the enabling phase, achieving 100% enabling works progress, with construction activity advancing in line with the approved project plan, it added.-TradeArabia News Service