Mira Coral Bay is a waterfront residential development in Al Mairid, Ras Al Khaimah. The project is being developed by Mira Developments in partnership with Marjan and is planned as a branded coastal community with residences, hospitality, dining, retail and beach facilities.
The development offers furnished residences with a mix of apartments, townhouses and villas.
Current launch information lists prices from AED 550,000 for studios, AED 1 million for one-bedroom apartments, AED 1.6 million for two-bedroom apartments and AED 2.5 million for three-bedroom apartments. Prices and available units can change during the sales cycle.
For buyers looking for a waterfront property in Ras Al Khaimah, Mira Coral Bay combines a coastal location with branded interiors, private beach access and a large range of lifestyle facilities.
Mira Coral Bay at a Glance
| Property detail | Information |
|---|---|
| Project | Mira Coral Bay |
| Location | Al Mairid, Ras Al Khaimah |
| Developer | Mira Developments |
| Development partner | Marjan |
| Property types | Studios, apartments, townhouses and villas |
| Starting price | From AED 550,000 |
| Studio size | From about 431 sq. ft. |
| First residential collection | Richmond Residences |
| Furnishing | Fully furnished |
| Handover | Q3 2029 |
| Ownership | Freehold |
| Private beach | Yes |
| Yacht club | Yes |
| Development status | Off-plan |
The announced handover target for the current residential offering is Q3 2029. Payment terms can vary by collection, so buyers should confirm the latest payment schedule before booking.
Location of Mira Coral Bay
Mira Coral Bay at Al Mairid is present on waterfront of Ras Al Khaimah.
Al Mairid gives the project a coastal setting while keeping it close to central Ras Al Khaimah. Current project information places the development around 10 minutes from the city centre and about 30 minutes from Ras Al Khaimah International Airport.
The location can suit both residents and investors who want access to the emirate’s growing tourism and property market.
The waterfront setting is a key part of the project. Residents are planned to have access to a private beach, marina and yacht club within the wider community.
Property Options at Mira Coral Bay
Mira Coral Bay is planned with different home types to meet different budgets and lifestyle needs.
The current residential collection includes studios, one-bedroom, two-bedroom and three-bedroom apartments, as well as duplexes. Later phases are expected to add more villas and townhouses.
Current indicative pricing is:
| Residence | Starting price |
|---|---|
| Studio | AED 550,000 |
| 1-bedroom apartment | AED 1,000,000 |
| 2-bedroom apartment | AED 1,600,000 |
| 3-bedroom apartment | AED 2,500,000 |
These prices are indicative and may change based on floor, size, view, collection and availability.
The entry price of AED 550,000 gives buyers a lower starting point compared with many premium waterfront developments in the UAE.
Richmond Residences at Mira Coral Bay
Richmond Residences is the first apartment collection at Mira Coral Bay.
The collection is designed in partnership with British fashion label John Richmond. It includes 293 furnished residences, ranging from studios to three-bedroom apartments and duplexes.
Studios start at around 431 sq. ft., while larger homes provide more living space for families and buyers looking for larger waterfront residences.
The branded concept is aimed at buyers who want more than a standard apartment. The homes combine residential space with access to the wider community’s hospitality and lifestyle facilities.
Design and Architecture
Mira Coral Bay has been designed as a waterfront destination rather than a single residential building.
The masterplan brings together homes, hospitality, dining, retail, beach facilities and a yacht club.
The architecture has been designed by Marco Casamonti & Partners / Archea Associati. The design takes inspiration from natural coral forms, which fits the project’s coastal setting.
The project is planned as a car-free upper-level environment in parts of the community, with a focus on pedestrian movement, waterfront access and public spaces.
Amenities at Mira Coral Bay
Mira Coral Bay is planned with a broad range of amenities.
Key facilities include:
- Private beach
- Yacht club
- Marina
- Two branded beach clubs
- Five-star hotels
- Fine dining restaurants
- Luxury retail boulevard
- Contemporary art gallery
- Indoor swimming pool
- Landscaped gardens
- Hospitality services
- Children’s facilities
The combination of residential and hospitality facilities is one of the main features of the development.
For residents, this means many leisure and dining options are planned within the wider community rather than requiring regular trips outside the development.
Private Beach and Waterfront Living
The waterfront is the main attraction of Mira Coral Bay.
The wider development is planned with direct sea access, a private beach and a marina. Project information also lists a yacht club as part of the community.
This gives the project a clear focus on coastal living.
For end users, the beach and waterfront facilities can add value to everyday living. For investors, waterfront access may also support demand from tenants and buyers seeking leisure-focused homes.
However, future rental and resale performance will depend on market conditions, property pricing and the final quality of the completed development.
Mira Coral Bay Payment Plan
Payment plans can vary between residential collections and may change as units are released.
For Richmond Residences, current project information shows a structure that spreads payments through construction, with 50% payable through handover and the remaining 50% spread over three years after handover.
This type of structure can be useful for buyers who want to spread their payments beyond the construction period.
Buyers should review the exact Sale and Purchase Agreement before making a decision. The final payment dates, registration fees and other purchase costs should be confirmed directly for the selected unit.
Why Consider Mira Coral Bay?
Mira Coral Bay has several features that may appeal to buyers and investors.
Waterfront location
The project sits on the Al Mairid coastline with planned private beach and marina access.
Lower entry price
Studios are currently listed from AED 550,000, giving buyers an entry point into a branded waterfront project.
Furnished homes
The residences are planned to be fully furnished, which can reduce the need for buyers to arrange furniture before moving in or renting the property.
Branded residences
The first collection is linked with John Richmond, giving the homes a clear design identity.
Multiple property types
The wider project is planned to include apartments, townhouses and villas, giving buyers more choice as future phases are released.
Tourism market
Ras Al Khaimah recorded 1.35 million overnight visitors in 2025 and has set a target of more than 3.5 million annual visitors by 2030. This tourism growth is one of the factors supporting the emirate’s long-term hospitality and residential development pipeline.
Is Mira Coral Bay Good for Investment?
Mira Coral Bay may interest investors looking for exposure to Ras Al Khaimah’s growing waterfront property market.
The investment case is based on several factors:
- Waterfront location
- Branded residences
- Furnished apartments
- Tourism growth in Ras Al Khaimah
- Private beach and marina facilities
- A lower entry price for studios
- Long-term development of the Al Mairid area
However, investors should not assume a fixed rental yield or capital gain.
The project is off-plan, with handover currently targeted for Q3 2029. This means investors need to consider the construction period, future supply and market conditions at handover.
The best approach is to compare the purchase price per sq. ft., expected rental demand, service charges, payment plan and similar waterfront projects before buying.
Who Is Mira Coral Bay Suitable For?
Mira Coral Bay may suit several types of buyers.
First-time property investors
The AED 550,000 starting price for studios provides a relatively accessible entry point for buyers looking at branded waterfront property.
End users
Buyers looking for a furnished coastal home may find the combination of private beach access, dining and leisure facilities useful for long-term living.
Holiday-home investors
The waterfront location and tourism market may appeal to buyers considering short-term or holiday rental demand, subject to local rules and the property’s permitted use.
Luxury buyers
Larger apartments, villas and future townhouse options can appeal to buyers looking for more space and premium amenities.
Mira Coral Bay vs Standard Apartments in Ras Al Khaimah
Mira Coral Bay is positioned differently from a standard residential apartment project.
A typical apartment development may focus mainly on residential amenities such as a pool, gym and landscaped areas.
Mira Coral Bay adds a wider hospitality and leisure concept, including a private beach, yacht club, beach clubs, hotels, dining and retail.
This can create a stronger lifestyle proposition, but buyers should also consider whether the premium paid for the branded and waterfront concept fits their budget and investment goals.
Mira Coral Bay Handover!
The current announced handover for the residential collection is Q3 2029.
As an off-plan development, the actual delivery timeline should always be checked against the latest developer documents and the Sale and Purchase Agreement.
Buyers should also review construction updates before making later payment decisions.
Final Thoughts on Mira Coral Bay
Mira Coral Bay at Al Mairid is positioned as a branded waterfront community in Ras Al Khaimah.
Its main strengths are its coastal location, private beach, yacht club, branded residences, furnished homes and wide range of planned lifestyle facilities.
With studios currently starting from AED 550,000 and larger apartments from AED 1 million, the project offers several entry points for buyers.
The current handover target is Q3 2029, making this a longer-term off-plan purchase rather than a ready-property opportunity.
For buyers considering the project, the key points to compare are the exact unit price, size, view, payment plan, service charges, handover terms and expected rental demand.
For more information about the wider area, you can also explore the Al Mairid property market to compare this project with other developments in the area.
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