About Mira Coral Bay at Al Mairid, Ras Al Khaimah
Mira Coral Bay is a waterfront master community in Al Mairid, Ras Al Khaimah, developed by Mira Developments with Marjan. It is presented as the world's first multi-branded waterfront community, bringing 14 international luxury brands together in one beachfront destination of branded apartments, villas and townhouses, five-star hotels, beach clubs, a yacht club and fine dining.
The current release is Richmond Residences: 293 fully furnished and fully serviced waterfront homes designed around the creative vision of British fashion designer John Richmond. Studios start from AED 550,000, with 1, 2 and 3-bedroom apartments and 2 and 3-bedroom duplexes up to AED 3.5M. Completion is listed for Q1 2029.
The payment plan is 50/50 with 3 years post-handover: 10% in the first month, 35% during construction, 5% on handover, and the remaining 50% paid over 3 years after handover. You receive the keys first and keep paying after handover. An EOI deposit of AED 55,000 secures priority allocation.
Every home is delivered fully furnished with Italian-made furniture, lighting, kitchen equipment, appliances, linens and tableware, with five-star concierge, valet and housekeeping services. Buyers also receive a 5-year Mira Care warranty and a 3-year furniture warranty, as confirmed by the developer's sales team.
The masterplan by Archea Associati keeps the upper level car-free for walking and cycling, with landscaped promenades along the water. Parking sits underground on a level that doubles as a contemporary art gallery. Residents have access to a private mainland beach, branded beach clubs, a private yacht club, four five-star hotels and a collection of restaurants and cafés.
Mira Coral Bay is about 10 minutes from Downtown Ras Al Khaimah, 20 minutes from Al Marjan Island and Wynn Al Marjan Island, 25 minutes from Ras Al Khaimah International Airport and around 1 hour 30 minutes from Dubai.
Buy Mira Coral Bay through Direct Deal UAE's RERA-certified team (ORN 43954) and pay 0% buyer commission.
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Mira Coral Bay Gallery
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Residential Units
| Bedroom | Units | Avg. Area | Avg. Price |
|---|---|---|---|
| Studio | - | 431 sqft | From AED 550K |
| 1 Bedroom | - | 854 sqft | From AED 1.1 Mn |
| 2 Bedroom | - | 1,411 sqft | From AED 1.75 Mn |
| 3 Bedroom | - | 1,806 sqft | From AED 2.3 Mn |
| 2 Bed Duplex | - | 1,806 sqft | From AED 2.5 Mn |
| 3 Bed Duplex | - | 2,560 sqft | From AED 3.5 Mn |
Payment Plan
| Instalment | Payment | Date |
|---|---|---|
| Down Payment | 10% | First Month |
| Construction Instalments | 35% | During Construction |
| On Handover | 5% | Q1 2029 (expected) |
| Post-Handover Instalments | 50% | Over 3 Years After Handover |
Location & Connectivity
| Destination | Approx. Travel Time |
|---|---|
| Downtown Ras Al Khaimah | 10 min |
| Al Marjan Island & Wynn Al Marjan Island | 20 min |
| Al Hamra Golf Club | 20 min |
| Ras Al Khaimah International Airport | 25 min |
| Sharjah | 1 hr |
| Dubai | 1 hr 30 min |
Amenities & Community
Investment Outlook
Richmond Residences offers a lower entry point into a branded beachfront community, with studios from AED 550,000 and a 50/50 plan where half the price is paid over 3 years after handover. Homes are delivered fully furnished and serviced, which suits holiday-home buyers and investors planning short or long-term rentals.
According to Mira Developments, Ras Al Khaimah welcomed 1.35 million visitors in 2025 and targets 3.5 million a year by 2030, hotel capacity is set to double from 8,500 keys, and Wynn Al Marjan Island is scheduled to open in 2027.
Buyers pay 0% commission, and purchases through Direct Deal UAE are eligible for the Gold Rewards programme.
As with any property purchase, returns are not guaranteed - request the full information pack and take independent advice before committing.
Mira Coral Bay — Frequently Asked Questions
Common questions from buyers and investors about Mira Coral Bay by Mira Developments.
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