Saudi Arabia: Jenan Real Estate Takes Full Ownership of Dana Bay Waterfront Development
Jenan Real Estate Company has announced the full acquisition of the Dana Bay project, opening a new chapter for one of Saudi Arabia’s most ambitious privately owned waterfront developments. The move signals the start of a comprehensive development phase under Jenan’s sole ownership and reinforces the company’s long-term growth strategy in the Kingdom’s tourism and real estate sectors.
The acquisition represents a major milestone for Dana Bay, a flagship mixed-use tourism destination spanning more than 2.8 million sq m along a prime stretch of the Eastern Province coastline. Once completed, the project is expected to carry a total development value in the range of SAR 6–8 billion, underlining its scale and economic significance.
Jenan Real Estate aims to transform Dana Bay into a benchmark waterfront destination that supports domestic tourism, attracts private investment, and elevates quality of life—objectives closely aligned with Saudi Vision 2030. By delivering integrated coastal developments that combine leisure, hospitality, and residential offerings, the company continues to expand its footprint across the Kingdom’s tourism landscape while generating direct and indirect employment opportunities.
Designed as a fully integrated destination, Dana Bay will cater to families and visitors seeking a distinctive seaside lifestyle. The development features one of the longest private beaches in Saudi Arabia, complemented by a diverse mix of residential and leisure components. These include luxury beachfront villas with uninterrupted sea views, family chalets located close to the shore, and a comprehensive suite of supporting amenities.
A standout element of the project is Loopagoon, a women-only water park—the first of its kind in the Eastern Province—alongside a dedicated women’s spa and private beach. Together, these facilities are designed to offer privacy-focused, premium hospitality experiences tailored to women and families.
Dana Bay will also host world-class hotels and resorts serving both domestic and international guests, in addition to a fully serviced marina for yachts and leisure boats, enhancing the destination’s appeal to maritime and luxury lifestyle enthusiasts.
At the heart of the development, Dana Walk will function as a vibrant commercial and entertainment promenade overlooking the sea. The district will feature restaurants, cafés, retail outlets, and purpose-built event venues, supported by premium catering services for social and corporate gatherings.
With this acquisition, Jenan Real Estate strengthens its tourism portfolio and signals its intention to unveil a detailed development roadmap for Dana Bay, including upgrades and new facilities. The company’s vision is clear: to position Dana Bay as one of Saudi Arabia’s premier waterfront destinations and a meaningful contributor to the Kingdom’s domestic tourism growth.
Web Search Results (Sources)
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Jenan Real Estate acquires waterfront project, Dana Bay
Construction Week report detailing the acquisition and its role in stimulating domestic tourism. -
Dana Bay – Jenan
Official project listing outlining hotels, residential villas, chalets, and waterfront commercial elements. -
Jenan Real Estate acquires Dana Bay Waterfront Project
Technical Review Middle East coverage highlighting the acquisition as a milestone in Jenan’s expansion strategy. -
Dana Bay – Official Website
Project website describing Dana Bay’s location at Half Moon Bay and its vision as a progressive urban waterfront development. -
Ahmed Amer’s LinkedIn Post – Saudi Arabia
Industry commentary sharing news of the acquisition and its wider sector impact.
