Mira Coral Bay is a new waterfront development by Mira development in Al Mairid, Ras Al Khaimah. It brings 14 international brands into one coastal community. The project includes furnished homes, private beaches, hotels, restaurants and marine facilities.
The current launch starts from AED 550,000 for a studio. One-bedroom homes start from AED 1.1 million. Two-bedroom homes start from AED 1.75 million.
The project also offers a 50/50 payment plan. The remaining 50% can be paid over three years after handover.
The Location: Why Al Mairid, Ras Al Khaimah?
Mira Coral Bay sits on the Al Mairid waterfront. The area offers easy access to central Ras Al Khaimah and its main coastal destinations.
The project is around 20–25 minutes from Al Marjan Island. Ras Al Khaimah International Airport is about 30 minutes away, depending on traffic and the route.
Al Mairid is also close to the emirate’s growing tourism areas. Ras Al Khaimah welcomed 1.35 million overnight visitors in 2025, according to the Ras Al Khaimah Tourism Development Authority.
Close to Al Marjan Island
Al Marjan Island is one of Ras Al Khaimah’s main tourism areas. Its biggest upcoming project is Wynn Al Marjan Island. The resort is scheduled to open in September 2027.
Wynn is expected to bring hotels, restaurants, entertainment and other attractions to the area.
Mira Coral Bay is a separate development. Its location puts it within the wider coastal growth zone around Al Marjan Island.
A Different Entry Price
Al Mairid gives buyers another option outside the higher-priced resort island market.
Mira Coral Bay starts at AED 550,000 for a studio. This is a lower starting point than many branded waterfront projects in Ras Al Khaimah.
The price makes the project relevant to buyers who want a furnished coastal home with a lower initial budget.
Freehold Ownership
Mira Coral Bay is offered on a freehold basis. International buyers can therefore purchase homes in the development.
This gives overseas buyers direct ownership of a UAE property in a freehold area.
What Makes Mira Coral Bay Different?
The main feature of Mira Coral Bay is its multi-brand residential model.
Instead of using one brand across the whole project, the development brings several international names into different residential collections.
14 Global Brands, One Shoreline
The development features 14 international brands. These include Bentley Home, ELIE SAAB, ETRO Home, Trussardi and John Richmond.
Each collection has its own design and interior style.
The first residential release is Richmond Residences. It includes studios, one-, two- and three-bedroom homes, as well as duplexes.
Buyers can therefore choose from different branded designs within the same waterfront community.
Fully Furnished From Handover
The homes follow a turnkey concept. Each residence is delivered fully furnished based on its brand design.
Buyers do not need to arrange separate furniture or interior work after handover.
This can also help owners who plan to rent out their property. The home is already furnished and ready for use.
A Pedestrian-Focused Layout
The master plan places parking below the residential areas. The upper spaces are designed mainly for pedestrians.
The architecture takes inspiration from natural coral formations. Curved structures and layered forms create a coastal look.
The layout also keeps cars away from much of the residential walking space.
Price Breakdown and the 50/50 Payment Plan
The current starting prices are:
| Residence | Starting Price |
| Studio | AED 550,000 |
| 1 Bedroom | AED 1.1 million |
| 2 Bedroom | AED 1.75 million |
The final price depends on the unit size, floor, view and availability.
The 50/50 Post-Handover Plan
The payment plan is split into two main stages.
50% is paid during construction.
The remaining 50% is paid after handover over three years, based on the published payment plan.
This gives buyers more time to complete the purchase after receiving the property.
AED 55,000 Expression of Interest
The current launch includes an AED 55,000 Expression of Interest (EOI) for priority unit allocation.
Buyers should check the EOI terms before making the payment. This includes the refund rules and how the amount is applied to the final purchase.
World-Class Amenities and Infrastructure
Mira Coral Bay combines residential, hospitality and marine facilities within one master development.
The planned amenities are designed for both daily use and leisure.
A Dedicated Marine Hub
The project includes a branded yacht club, private marina and two branded beach clubs.
These facilities give the community a strong focus on boating and beach activities.
Hotels, Restaurants and Art
The hospitality plan includes a 100-key five-star spa hotel and a 250-room beach resort.
The project also plans 10 waterfront restaurants and a contemporary art gallery.
These facilities will add dining, hospitality and cultural spaces to the community.
Why Buyers Are Looking at Mira Coral Bay
Mira Coral Bay combines branded homes, furnished interiors, waterfront facilities and a lower entry price in one Ras Al Khaimah development.
Its location provides access to Al Marjan Island and Ras Al Khaimah International Airport. The multi-brand concept also gives buyers several residential design options.
With studios starting at AED 550,000 and half of the payment scheduled after handover, Mira Coral Bay offers another entry point into branded waterfront property in Ras Al Khaimah.
Vaishali M