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Al Mairid, Ras Al Khaimah
Richmond Residences Mira Coral Bay by Mira Developments
Fully furnished branded residences on the Al Mairid waterfront. Private beach, yacht club, 5-star hotel services, 50/50 plan with a 36-month post-handover runway, and a 5-year Mira Care warranty.
Launch Price
550k
Handover
Q2 2029
Number of Units
293
Project Overview
Richmond Residences is the first residential phase of Mira Coral Bay in Al Mairid, developed by Mira Developments. Designed in collaboration with British fashion legend John Richmond, the project comprises 293 fully furnished turnkey homes: studios (431 sq.ft), 1–3BR apartments (854–1,806 sq.ft), and 2–3BR duplexes (1,806–2,560 sq.ft). Residences feature custom Italian furniture by Formitalia Group, artwork, textiles, appliances, and housewares. Residents enjoy a private beach, yacht club, 4 hotels, 2 beach clubs, 10 restaurants, Technogym fitness, and 5-star hotel services.
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Location
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Developer
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Property typeApartments, Townhouses
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Number of bedrooms1-3, Studios
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Area from
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HandoverQ2 2029
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Payment Plan50/50
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Number of units293
Gallery
Richmond Residences Mira Coral Bay
Payment Plan
A structured payment plan is a powerful investment tool. When used wisely, it can significantly increase your return on equity (ROE). Not sure how to make the most of it? We’ll explain everything for free!
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On Booking
10%
Payment -
On construction
40%
Payment -
Post-Handover
50%
Payment
Key points
Turnkey John Richmond Interiors & 5-Year Mira Care Warranty
Every home at Richmond Residences is delivered 100% turnkey with bespoke Italian-made furniture by Formitalia Group under the JR HOME collection, complete with signature textiles, artwork installations, kitchen electronics, and full housewares. The project features an industry-leading 5-year Mira Care warranty covering structural and MEP systems, along with a 3-year warranty on loose furnishings, ensuring worry-free ownership and effortless rental readiness from day one.
Beachfront Car-Free Community & Flexible Post-Handover Plan
Positioned within Mira Coral Bay, a car-free coastal sanctuary in Al Mairid, the development grants direct access to a private beach, yacht club, 4 boutique hotels, 2 international beach clubs, and 10 branded restaurants, all supported by 5-star concierge, valet, and butler services. Investors benefit from a balanced 50/50 payment plan featuring a 36-month post-handover runway, as well as eligibility for the 10-year UAE Golden Visa on purchases from AED 2M.
Amenities
These are just a few of the amenities available in this residence. To receive the full list of features and detailed information, please contact our agent — we will tailor the best option for your needs.
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Private Beach
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Yacht Club
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Fine Dinning Restaurants
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Beach Pool
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Smart Fitnes
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Wellness
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Hotel Services
Amenities
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Private Beach
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Yacht Club
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Fine Dinning Restaurants
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Beach Pool
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Smart Fitnes
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Wellness
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Hotel Services
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Location
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About the Developer
Mira Developments
Mira Developments is a boutique Dubai developer specialising in fully furnished residences created with global luxury and design brands such as Bentley Home and Trussardi. Its projects include Mira Villas, designed by Bentley Home, and Trussardi Residences in Al Furjan.
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7
Completed projects
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2007
Year of foundation
Other Projects by Mira Developments
View more photos
Mira Ocean Estates in Salalah, Oman
Salalah, Oman
- Apartments
- Townhouses
- Villas
From 550k
- Mira Developments
- Q4 2028
View more photos
Richmond Residences Mira Coral Bay
Al Mairid, Ras Al Khaimah
- Apartments
- Townhouses
From 550k
- Mira Developments
- Q2 2029
View more photos
Trussardi Residences — Mira Verde
Tbilisi, Georgia
- Apartments
- Duplexes
- Penthouses
From 643k
- Mira Developments
- Q4 2028
View more photos
John Richmond District
Al Furjan, Dubai
- Apartments
From 890k
- Mira Developments
- Q1 2029
View more photos
Gianfranco Ferré Residences
Al Marjan Island, Ras Al Khaimah
- Apartments
- Duplexes
From 1.60m
- Mira Developments
- Q1 2028
View more photos
Mira Villas
MBR City, Dubai
- Villas
From 20.70m
- Mira Developments
FAQ
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Who is the developer of Mira Coral Bay?
The project is being developed by Mira Developments LLC, a UAE real estate developer headquartered in Dubai Hills, Dubai. The company specialises in fully furnished branded residences created in partnership with international fashion and luxury houses, including John Richmond, Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, and Gianfranco Ferré Home.
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Where is Mira Coral Bay located?
Richmond Residences is located along the shoreline of Al Mairid in Ras Al Khaimah, UAE, within the Mira Coral Bay master community. It is situated 10 minutes (8 km) from Downtown Ras Al Khaimah, 20 minutes (20 km) from Wynn Al Marjan Island, 20 minutes (22 km) from Al Hamra Golf Club, and 25 minutes (25 km) from Ras Al Khaimah International Airport.
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What types of properties are available at Mira Coral Bay?
The development features 293 fully furnished residences: 210 studios (431 sq.ft / 40 sq.m), 54 one-bedroom apartments (854 sq.ft / 79 sq.m), 6 two-bedroom apartments (1,411 sq.ft / 131 sq.m), 8 three-bedroom apartments (1,806 sq.ft / 168 sq.m), 12 two-bedroom duplexes (1,806 sq.ft / 168 sq.m), and 3 three-bedroom duplexes (2,560 sq.ft / 238 sq.m).
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What is the starting price at Mira Coral Bay?
Starting catalog prices are: Studios from AED 550,000 (USD 150,000), 1BR apartments from AED 1,100,000 (USD 300,000), 2BR apartments from AED 1,750,000 (USD 475,000), 3BR apartments from AED 2,300,000 (USD 625,000), 2BR duplexes from AED 2,500,000 (USD 680,000), and 3BR duplexes from AED 3,500,000 (USD 950,000).
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What is the payment plan for Mira Coral Bay?
Yes. The project offers a 50/50 payment plan. Buyers pay 10% on booking, 10% after 1 month, and 30% during construction in 5% installments every 6 months. The remaining 50% is distributed over a 36-month post-handover period in equal 5% installments every 4 months, except Month 20 post-handover, which requires a single 10% payment.
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When is the handover of Mira Coral Bay?
Project handover and completion are scheduled for Q2 2029.
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What amenities are available at Mira Coral Bay?
Residents access a private beach, yacht club, marine leisure facilities, 2 beach clubs, 4 boutique hotels, 10 branded restaurants, an internal lobby cafe, Main Resort-Style Lap Pool and kids' pools, male and female Technogym fitness centres, and waterfront promenades. On-site services include valet parking, daily housekeeping, butler service, and a 5-star concierge.
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Is Mira Coral Bay freehold?
Yes. Richmond Residences is located in a designated freehold area in Al Mairid, Ras Al Khaimah, allowing buyers of any nationality to purchase property with 100% full ownership rights.
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Can I get UAE residency by purchasing property in Mira Coral Bay?
Yes. Property purchases 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.
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Is Mira Coral Bay a good investment?
The project combines an accessible entry point from AED 550,000 for branded waterfront property with a 50/50 payment plan (36 months post-handover). Every unit comes fully furnished by Formitalia Group under the John Richmond brand with a 5-year Mira Care warranty. Per CBRE, apartment rents in RAK grew nearly 25% in 2025, supported by the booming tourism sector and proximity to the future Wynn Al Marjan Island gaming resort.
About Metropolitan Premium Properties
Metropolitan Premium Properties is a RERA-licensed real estate brokerage in Dubai (ORN 11899), part of the Metropolitan Group established in 2008. The agency has 1,000+ professionals across offices in Dubai, Abu Dhabi, Ras Al Khaimah, and Vienna, and covers residential and commercial sales, off-plan investments, rentals, and property management. The company has closed 6,000+ transactions totalling over AED 15 billion in investments and holds 120+ industry awards.
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18+
years of experience
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7000+
listings in the database
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120+
industry awards
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500+
agents across all offices
Our Achievements
1st place
Arada Broker Awards 2025
2nd place
One Broker Group 2024
1st place
The Black Onyx Awards 2024
2nd place
Omniyat Broker Awards 2024
3rd place
Alhamra Top Broker of the Year 2023
1st place
TAG Top Partner 2023
3rd place
DAMAC Broker Awards 2023
3rd place
IRTH Broker Awards Q3 2024
What Clients Say About Us
M H
August 17, 2026
It was a great experience.... they're very helpful in mostly every project that we worked on.
The team they created has a great knowledge of many issues and challenges in Dubai.
Anvi Kamdar
July 30, 2026
I had a great experience working with Mr Raghu throughout the apartment search. He was professional, transparent and responsive at every stage of the process. He patiently answered all my questions, coordinated everything efficiently and make the entire renting experience stress free....
Sudheer Sulaiman
July 30, 2026
I had an excellent experience working with Raghu during my search for a property in Dubai.
From the very beginning, he was professional, friendly, and a pleasure to work with. He even came to my hotel to pick me up and spent considerable time taking me to visit a number of different ...
Ina Stas
July 19, 2026
I had a really great experience with the purchase of two apartments as well as renting out especially with Maria Fuset who is extremely helpful and very communicative!!
Golden Safety
July 17, 2026
It is indeed very good
Elif Dogan
July 17, 2026
We cannot recommend Vian highly enough! From the very beginning, she went above and beyond to make our dream of finding the perfect home a reality. Thanks to her dedication, we found our ideal home in Arabian Ranches.
What truly sets Vian apart is that her support didn't stop once we...
Anil Kumar
July 16, 2026
Excellent service from start to finish. Raghu was professional, responsive, and made the property buying process smooth and stress-free. Highly recommended!
Sushil Agarwal
July 9, 2026
Excellent.
Madhu Borra
July 9, 2026
Raghu’s service has been great.
Jens Engelhardt
July 9, 2026
I have made very good experiences with Metropolitan Properties. I have worked with Raghu Nair - he is very responsive and available 24/7, he has the right instict for the best units and fights like a tiger to get them for his clients :-)
Виктория Куличкова
July 9, 2026
Top company, I recommend
Arun Gupta
July 8, 2026
Excellent service from Raghu Nair at Metropolitan Premium Properties. He was professional, responsive, and guided us smoothly throughout the entire process. Highly recommended!
Abbas Vora
July 7, 2026
I recently bought a secondary unit with Raghu. I had a seamless experience and he tries to be as helpful as possible. Would 100% recommend working with them especially for secondary sales.
Munaf Gasgous
July 7, 2026
Raghu is the best of the best sales person and always doing the close follow up
Highly recommended
Suzan Abuhaniyeh
July 7, 2026
I want to share my experience with Mr. Raghu Nair, his excellence in the way to bring exactly what the customer need , his support 24/7 , he can advice with any questions regarding documents, payments, locations . Thank you
Richmond Residences Mira Coral Bay
New Launch in Al Mairid by Mira Developments Explore premium Apartments, Townhouses starting from 1-3, Studios bedrooms Positioned in the vibrant Al Mairid area, where the launch price averages 550k
This project offers a perfect balance of luxury and value Move-in ready by Q2 2029
Thank you for your interest!
We’ve sent you a confirmation email and will be in touch soon.
Consultation
Jamie Lane
Real Estate agent
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Floor plans
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Presentation
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