Limited availability
Richmond Residences Mira Coral Bay by Mira Developments, Ras Al Khaimah
293 fully furnished John Richmond residences with hotel-grade service and a 5+3 year Mira Care warranty in a car-free waterfront district
LAUNCH PRICE
From AED 550K
PAYMENT PLAN
50/50
HANDOVER
Q2 2029
ROI POTENTIAL
5%
About the Project
Overview of Richmond Residences Mira Coral Bay
Richmond Residences Mira Coral Bay is the first residential phase of Mira Coral Bay in Al Mairid, Ras Al Khaimah. The project offers 293 units — studios, 1-3BR apartments and 2-3BR duplexes from 431 to 2,560 sq ft — all fully furnished by John Richmond (JR HOME collection, Formitalia Group) with hotel-grade service. Mira Coral Bay is a car-free district with a private beach, yacht club, 4 boutique hotels, 2 beach clubs and 10 branded restaurants. Mira Care warranty: 5 years structural, 3 years furniture.
Downtown Ras Al Khaimah — 10 min (8 km)
Wynn Al Marjan Island — 20 min (20 km)
Al Hamra Golf Club — 20 min (22 km)
RAK International Airport — 25 min (25 km)
Sharjah — approx. 1 hour (60 km)
Dubai — approx. 1.5 hours (110 km)
Project Details
Starting Price
From AED 550K
Handover
Q2 2029
Payment Plan
50/50
Area
From 431 sq ft
Property Type
Studios, Apartments, Duplexes
Bedrooms
Studios – 3BR; 2-3BR duplexes
Developer
Mira Developments
Location
Al Mairid, Ras Al Khaimah
Signature Features & Amenities of Richmond Residences Mira Coral Bay
Richmond Residences Mira Coral Bay is part of the car-free Mira Coral Bay district, where hotel, dining and beach infrastructure sit within one master plan. Every unit is handed over turnkey with JR HOME by John Richmond furniture, textiles, art, appliances and tableware. Service includes valet parking, daily housekeeping, butler and 5-star concierge.
- Private Beach Access
- 2 International Beach Clubs
- Yacht Club
- 4 Five-Star Boutique Hotels
- 10 Branded Restaurants & Cafes
- Lobby Cafe
- Main Resort-Style Lap Pool
- Male & Female Technogym Fitness
- Children's Pool
- 5-Star Concierge
- Valet Parking
- Daily Housekeeping
- Butler Service
- Landscaped Waterfront Promenades
Property Types
The collection comprises six unit types. Studios at 431 sq ft (210 units). 1BR apartments at 854 sq ft (54 units), 2BR at 1,411 sq ft (6 units), 3BR at 1,806 sq ft (8 units). 2BR duplexes at 1,806 sq ft (12 units) and 3BR duplexes at 2,560 sq ft (3 units). Interiors feature John Richmond's signature aesthetic — stone accents, brass fixtures and fluted joinery. Furniture is from the JR HOME collection, produced by Formitalia Group.
Payment Plan
The 50/50 plan splits payments evenly between construction and post-handover. Post-handover instalments run for 36 months at 5% each, except month 20, which carries a single 10% payment. Funds are held in escrow at Abu Dhabi Islamic Bank (ADIB) under Mira Developments LLC.
10%
On booking
40%
During Construction
0%
On Handover
50%
Post Handover
Investment Potential
Richmond Residences Mira Coral Bay offers one of the most accessible entry points into branded waterfront residences in Ras Al Khaimah — from AED 550,000 for a fully furnished studio with hotel-grade service. Per CBRE (FY2025), apartment prices in the emirate rose 32% and rents nearly 25%, with branded residences accounting for 33% of planned new supply. Tourism arrivals exceeded 1.36 million in 2025; the developer projects up to 3.5 million visits to Al Mairid by 2030.
As of 2026:
- Entry from AED 550K for a branded waterfront studio
- 50% post-handover over 36 months
- Freehold ownership for all nationalities
- Mira Care: 5 years structural + 3 years furniture
- Property purchases from AED 2M (USD 545K) may qualify buyers for a 10-year UAE Golden Visa for themselves, family members, and household staff.
Flexible Financing Options
Buying an off-plan property or a ready-to-move-in home? Maximise your buying power with competitive mortgage options tailored to your needs.
- Secure a mortgage during construction to maximize leverage
- Combine developer payment plans with tailored bank financing
- Get pre-approved in as little as 3 days
- Conventional and Sharia-compliant financing available
- No hidden fees or added costs
Gallery
Exteriors
Interiors
About Al Mairid
Al Mairid is a waterfront district next to the Old Town of Ras Al Khaimah. Mira Coral Bay is positioned as a car-free pedestrian district on the Arabian Gulf shoreline. Downtown RAK is 10 minutes away (8 km), Wynn Al Marjan Island 20 minutes (20 km) and RAK International Airport 25 minutes (25 km). Sharjah is approximately 1 hour away (60 km) and Dubai about 1.5 hours (110 km).
About Al Mairid, Ras Al Khaimah
Al Mairid is a waterfront district next to the Old Town of Ras Al Khaimah. Mira Coral Bay is positioned as a car-free pedestrian district on the Arabian Gulf shoreline. Downtown RAK is 10 minutes away (8 km), Wynn Al Marjan Island 20 minutes (20 km) and RAK International Airport 25 minutes (25 km). Sharjah is approximately 1 hour away (60 km) and Dubai about 1.5 hours (110 km).
Attractions
Entertainment venues and facilities:
- Private beach and yacht club
- Ras Al Khaimah Public Beach
- National Museum of Ras Al Khaimah
- Manar Mall and Old City
Healthcare
Quality healthcare nearby:
- Al Mairid Health Center
- Al Zahrawi Hospital
- RAK Hospital
Education
Reputable educational institutions:
- Little Dreams Nursery
- Al Mairid School
- American University of Ras Al Khaimah
About the Developer
About Mira Developments
Mira Developments is a UAE developer founded in 2023 and headquartered in Dubai Hills. The company specialises in branded, fully furnished residences and partners with Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferre Home. Its portfolio includes Richmond District in Al Furjan (Dubai) and Richmond Residences Mira Coral Bay in Al Mairid (Ras Al Khaimah). Architecture by Marco Casamonti & Partners / Archea Associati.
FAQ — Richmond Residences Mira Coral Bay
Who is the developer of Richmond Residences Mira Coral Bay?
Richmond Residences Mira Coral Bay is developed by Mira Developments, a UAE developer founded in 2023 in Dubai Hills. The company partners with Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferre Home. Interiors are designed by John Richmond with Formitalia Group.
Where is Richmond Residences Mira Coral Bay located?
The project is on the Al Mairid waterfront in Ras Al Khaimah, 10 minutes from downtown (8 km). Wynn Al Marjan Island is 20 minutes away (20 km), Al Hamra Golf Club 20 minutes (22 km) and RAK International Airport 25 minutes (25 km). Sharjah is about 1 hour away, Dubai about 1.5 hours.
What property types are available at Richmond Residences Mira Coral Bay?
The project offers 293 units: studios (431 sq ft), 1BR apartments (854 sq ft), 2BR (1,411 sq ft), 3BR (1,806 sq ft), 2BR duplexes (1,806 sq ft) and 3BR duplexes (2,560 sq ft). All residences are fully furnished by John Richmond.
What is the starting price at Richmond Residences Mira Coral Bay?
Studios from AED 550K, 1BR from AED 1.1M, 2BR from AED 1.75M, 2BR duplexes from AED 2.5M, 3BR from AED 2.3M, 3BR duplexes from AED 3.5M.
What is the payment plan for Richmond Residences Mira Coral Bay?
A 50/50 plan: 10% on booking, 10% after 1 month, then 5% every 6 months until handover (50% during construction). The remaining 50% is spread over 36 months post-handover at 5% per instalment, except month 20, which carries a single 10% payment. Contracts must be signed within 3 days of unit confirmation. If the unit is rejected, the developer refunds the deposit in full within 14 days.
When will Richmond Residences Mira Coral Bay be completed?
The target handover date is Q2 2029.
What is the finishing standard at Richmond Residences Mira Coral Bay?
All units are delivered turnkey: JR HOME by John Richmond furniture (Formitalia Group), textiles, art pieces, premium linen, appliances and tableware. Mira Care warranty covers 5 years structural and 3 years furniture.
What amenities are available at Richmond Residences Mira Coral Bay?
Mira Coral Bay features a private beach, yacht club, 4 five-star boutique hotels, 2 international beach clubs, 10 branded restaurants, a lobby cafe, 2 pools, Technogym fitness zones (male/female), landscaped promenades, valet parking, daily housekeeping, butler and concierge.
Can foreigners buy property at Richmond Residences Mira Coral Bay?
Yes, Richmond Residences Mira Coral Bay is in a freehold zone in Al Mairid, where buyers of any nationality can purchase property with full ownership rights.
Can I get a residency visa when buying property in Ras Al Khaimah?
Purchases of property in Ras Al Khaimah starting from AED 2M (USD 545K) may qualify buyers for a 10-year UAE Golden Visa for themselves, family members, and household staff.
Why invest in Richmond Residences Mira Coral Bay?
| Accessible entry into branded waterfront living (from AED 550K), a 50/50 plan with 36-month post-handover payments, full John Richmond furnishing and hotel-grade service. Per CBRE (FY2025), rents in RAK rose nearly 25% and arrivals exceeded 1.36 million. Mira Care (5+3 years) reduces operational risk. |
Is Richmond Residences Mira Coral Bay a good place to live?
| The project suits those seeking a car-free waterfront district with hotel-grade service and dining infrastructure on-site. Al Mairid is 10 minutes from downtown Ras Al Khaimah, with schools, clinics and malls nearby, while the district itself is quieter than the emirate's resort islands. |
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