Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments PJSC (DIIC), announced the commencement of handover of the first phase of Dana Bay, a mixed-use waterfront development on Al Marjan Island in Ras Al Khaimah. The company stated that all waterfront villas are ready for handover, while work is currently underway on the Breakwater Villas and the residential tower. Construction and development work has been completed on 171 waterfront villas, including 143 townhouses and three- and four-bedroom villas, and they are ready for handover. All internal and external works, service installations, and infrastructure have been completed. Similarly, work has been completed on 28 distinct four- and five-bedroom landside villas.