MIRA Developments · Mira Coral Bay
Richmond Residences at Mira Coral Bay
Al Mairid, Mira Coral Bay, Ras Al KhaimahFor sale · Starting from
AED 1,276 per sqft · 10% down payment
Listed by
White & Co Real Estate
White & Co Real Estate
Based in Dubai
Ask about availability, pricing, or arrange a viewing directly with White & Co Real Estate.
- Unit types
- Six types
- Size
- 431 – 2,560 sqft
- Handover
- Q2 2029
- Payment plan
- 50/50
About the project
About Richmond Residences at Mira Coral Bay
Richmond Residences is a 293-unit branded apartment building within Mira Coral Bay, a 220,000 sqm beachfront master community on Ras Al Khaimah's mainland shoreline at Al Mairid. Developed by MIRA Developments in partnership with Marjan, with a masterplan by Marco Casamonti and Partners / Archea Associati.
Every unit is delivered fully furnished by John Richmond, with Italian-made furniture, lighting, kitchen equipment, appliances, linens and tableware included in the purchase price. The building runs hotel-level services: concierge, housekeeping, valet parking, in-residence dining, 24/7 security and property management.
Al Mairid is an established coastal district roughly 8 km from Downtown Ras Al Khaimah and 20 km from Al Marjan Island and the Wynn corridor. It is mainland, so schools, clinics and retail are already in place and there is no bridge dependency. Ras Al Khaimah recorded 670,000 visitors in the first half of 2026, its strongest first half to date, against a target of 3.5 million annually by 2030 and a hotel pipeline expanding from roughly 8,500 to 18,500 keys. Wynn Al Marjan Island is scheduled to open in September 2027.
The master community includes private beaches, a yacht club, two branded beach clubs, five-star hotels including a branded spa hotel and a resort hotel, retail, restaurants and an art gallery. Phasing and delivery dates beyond Phase 1 are per the developer masterplan and not independently confirmed.
Pricing is brochure-confirmed for the current release and subject to availability. Independent district research is available in the Ras Al Khaimah location study linked below.
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Units & prices
Six unit types
Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom, 2 Bedroom Duplex and 3 Bedroom Duplex
Notes
Six unit types across 293 apartments: 210 studios, 54 one-bedrooms, 6 two-bedrooms, 12 two-bedroom duplexes, 8 three-bedrooms and 3 three-bedroom duplexes.
Prices shown are starting prices by type; unit pricing varies by floor, orientation and view — refer to the live price list for individual units.
The building
1 residential building, G+9, 293 apartments — Plot 1 of Mira Coral Bay (shared with 19 separately sold villas)
Payment plan
Payment plan: 50/50
50% during construction, 50% over three years after handover. All units include the three-year post-handover payment plan.
- 10%Down payment / bookingOn bookingAED 55,000
- 10%1 month after booking1 month after bookingAED 55,000
- 5%6 months after booking6 months after bookingAED 27,500
- 5%12 months after booking12 months after bookingAED 27,500
- 5%18 months after booking18 months after bookingAED 27,500
- 5%24 months after booking24 months after bookingAED 27,500
- 5%30 months after booking30 months after bookingAED 27,500
- 5%On handoverQ2 2029AED 27,500
- 5%4 months after handover4 months after handoverAED 27,500
- 5%8 months after handover8 months after handoverAED 27,500
- 5%12 months after handover12 months after handoverAED 27,500
- 5%16 months after handover16 months after handoverAED 27,500
- 10%20 months after handover20 months after handoverAED 55,000
- 5%24 months after handover24 months after handoverAED 27,500
- 5%28 months after handover28 months after handoverAED 27,500
- 5%32 months after handover32 months after handoverAED 27,500
- 5%36 months after handover36 months after handoverAED 27,500
Amounts are worked out on the starting price of AED 550,000.
Amenities
Features & amenities
What the property and community offer.
- Fully furnished by John Richmond — turnkey on handover
- Italian furniture and branded FF&E
- JR signature textiles and artwork
- High-end integrated kitchen appliances
- Stone, brass and fluted bathroom detailing
- Ceilings up to 3.4 m
- Smart home technology
- Mira Care 5-year warranty: core building systems, structure, MEP, lighting and paintwork
- 3-year warranty on loose furniture, 5-year warranty on fixtures
- Double-height branded lobby with concierge desk
- Residents' pool (Level 1)
- Kids' pool
- Separate gyms for men and women, equipped by Technogym
- Resident lounge with café, coffee shop and restaurant
- Lobby café
- Concierge
- Butler service
- Valet parking
- Housekeeping
- 24/7 security
- Sandy private beaches
- Two branded beach clubs
- Yacht club
- Five-star branded hotel
- 250-key resort
- 10 branded restaurants
- Art gallery and podium with retail and parking
Location
Mira Coral Bay
Al Mairid, Mira Coral Bay, Ras Al Khaimah
About Mira Coral Bay
Mira Coral Bay is a coastal residential development in Ras Al Khaimah, the northern emirate known for its beaches, mountains and growing resort sector. RAK offers a quieter lifestyle, with Ras Al Khaimah International Airport nearby and Dubai around an hour's drive away via Emirates Road.
- Downtown Ras Al Khaimah
- 10 min
- Al Marjan Island & Wynn
- 20 min
- Al Hamra Golf Club
- 20 min
- RAK International Airport
- 25 min
- Sharjah
- 60 min
- Dubai
- 90 min
Nearby
The investment case
Who it suits, and why
Type of investment
Capital appreciation
- For investors who prioritise long-term value growth and accept a more modest rental yield.
- Suits buyers with a longer horizon who don't rely on rental income.
Best positioned for
Investors taking a position on Ras Al Khaimah's tourism expansion at a low capital outlay. The structure suits a buyer who wants beachfront branded product without island pricing, who intends to let the unit short-term from handover, and who values a deferred payment profile that keeps most of the price outstanding until income has started. Also suits an end user seeking a furnished, hotel-serviced coastal residence with an established mainland address.
Investment analysis
Richmond Residences is one building inside Mira Coral Bay, a 220,000 sqm multi-branded beachfront master community developed by MIRA Developments in partnership with Marjan, the government-linked master developer behind Al Marjan Island. It is a 293-unit, fully furnished, John Richmond-branded block with hotel-level services, sitting in the mid-price band of Ras Al Khaimah's branded waterfront segment.
The asset does two things at once: it offers a genuinely low entry ticket into a beachfront branded product, and it defers half the purchase price to three years after handover. The entry basis of roughly AED 1,240 to 1,384 per sqft sits at approximately half of Al Marjan Island's branded launch pricing, the discount reflecting a mainland rather than island address.
This is a tourism-cycle play on Ras Al Khaimah's 2027 to 2030 expansion, expressed through a furnished, low-ticket, short-let-capable unit. It suits investors buying the emirate's growth curve at a leveraged entry.
Entry basis by unit type (AED per sqft): Studio 1,276, 1BR 1,288, 2BR 1,240, 3BR 1,273, 2BR Duplex 1,384, 3BR Duplex 1,367. The 2 Bedroom at AED 1,240 per sqft is the cheapest basis in the building.
Why this works
- Entry basis of AED 1,240 to 1,384 per sqft against branded Al Marjan Island stock at AED 2,200 to 3,100 per sqft, for a 20-minute drive separation
- Half the purchase price deferred across 36 months after handover
- Fully furnished and hotel-serviced, income-ready from the day keys are handed over
- Studios are 210 of 293 units, a focused and volume-lettable product aimed at a growing tourism market
- Mira Care five-year maintenance warranty on core building systems, structural elements, MEP, lighting and paintwork; three-year warranty on loose furniture, five-year on fixtures
- Marjan partnership provides land-side credibility and masterplan continuity from Ras Al Khaimah's government-linked master developer
- Approximately 60,000 sqm of private beach with direct sea access across the master community
- Q2 2029 handover lands inside the window where hotel demand is forecast to outpace supply
Exit options
- Pre-handover assignment, subject to the developer's assignment terms. The low pre-handover outlay widens the pool of potential assignees
- Post-handover resale into the Ras Al Khaimah secondary market
- Hold and let, long or short term. The low-ticket furnished studio is the most liquid format in the building
The developer
MIRA Developments
MIRA Developments
A Dubai developer founded in 2023 that builds fully furnished branded homes with names like Trussardi, Bentley Home and Gianfranco Ferre. Projects in Al Furjan, Meydan District 11 and Ras Al Khaimah.
Founded 2023 · Head office Dubai · Builds in Dubai, Abu Dhabi, Ras Al Khaimah
Get in touch
Interested in Richmond Residences at Mira Coral Bay?
Listed by
White & Co Real Estate
White & Co Real Estate
Based in Dubai
Ask about availability, pricing, or arrange a viewing directly with White & Co Real Estate.
Agency ORN: 25663
Next steps
- 1Review live availability and floor plans, prioritising floor, orientation and sea aspect
- 2Select the optimal unit on entry basis per sqft, not on headline price
- 3Reserve with the AED 50,000 EOI, followed by the 10% down payment
- 4Structure the post-handover schedule against the modelled short-let position