Al Mairid, Ras Al Khaimah, UAE
Mira Coral Bay
The world's first multi-branded waterfront community by Mira Developments and Marjan, with two five-star hotels and a yacht club.
The world's first multi-branded waterfront master-planned community
Mira Coral Bay is a waterfront community developed by Mira Developments on a 220,000 m² site in Al Mairid, on the northern coast of Ras Al Khaimah, as a joint venture with Marjan. Residences are handed over furnished by their brand partner, with 14 global luxury brands taking part across the master plan and every building furnished by one of them. The community holds branded villas, townhouses and apartments alongside two five-star hotels, two beach clubs, a yacht club and 10 branded restaurants. Freehold ownership is available to foreign buyers.
Community details
Branded villas, townhouses and apartments, two five-star hotels, two beach clubs, a yacht club and an art gallery, together on one 220,000 m² waterfront site in Al Mairid.
The master plan
Mira Coral Bay arranges residential clusters, hospitality and marine facilities along one stretch of the Al Mairid shoreline.
Villas sit in six clusters and townhouses in two, with apartments grouped into four residential clusters across the site. A shared podium runs beneath the buildings, holding underground parking and an art gallery, which keeps vehicle movement off the pedestrian level and links the clusters through walkways and landscaped areas at ground level.
Hotel-style services extend across the whole community. Concierge, valet, housekeeping and in-residence services are available to owners in every cluster, and the two hotels, the beach clubs and the branded restaurants sit within walking distance of the residences.
Brand partners
Mira Coral Bay is planned around 14 global luxury brands, with each building furnished by one of them. Mira Developments builds these collaborations with houses including Bentley Home, the interiors collection of the British automotive marque, and ETRO Home, from the Milanese house known for its printed textiles, alongside Jacob & Co., Trussardi and John Richmond.
The brand attached to each building and villa cluster is published when that collection opens for sale, and a separate villa concept, Kadar Villas, was introduced for the community by an international architect working with a global branding agency.
Furnished at handover
Every residence at Mira Coral Bay is handed over furnished by its brand partner and ready for immediate occupation. Furniture, materials and décor are specified by that house, so a buyer can move in or hand the residence to a tenant without arranging a fit-out or a separate furniture package after completion.
Architecture drawn from coral
The Mira Coral Bay master plan comes from Marco Casamonti & Partners / Archea Associati, the Italian studio behind the Antinori Winery in Tuscany and the Li Ling World Ceramic Art City in China. Building forms take their geometry from the natural structure of coral, set between the shoreline and the Hajar mountains inland, with generous layouts and high ceilings across the collections.
Villa and townhouse living
Villas and townhouses at Mira Coral Bay occupy the waterfront edge of the site in their own clusters, separate from the apartment buildings while remaining inside the same community and served by the same podium and amenities. Owners reach the beach clubs, the yacht club and the restaurants on foot from their cluster.
Explore Mira Coral Bay
Mira Coral Bay in motion — the shoreline, the clusters and the waterfront as the master plan sets them out.
Amenities at Mira Coral Bay
Five-star spa hotel
A 100-key branded hotel with spa facilities, dining and event space
Resort hotel
A 250-room hotel with pools, restaurants and spaces for private events
Two branded beach clubs
Waterfront clubs with dining, lounges and sea views, each under its own brand
Private beach access
Direct access to the Al Mairid shoreline from inside the community
Yacht club
Berthing within the community for owners and arriving guests
Ten branded restaurants
Restaurants across the community and along the waterfront promenade
Art gallery
A gallery set into the shared podium beneath the residential clusters
Underground parking
Parking held within the podium, below the pedestrian level
Hotel-style services
Concierge, valet, housekeeping and in-residence services across every cluster
Gallery
The unveiling
Mira Coral Bay was presented at an unveiling event in Ras Al Khaimah, closing with a drone show over the water.
Collections in this community
Richmond Residences, Mira Coral Bay
Studios and one- to three-bedroom apartments and duplexes with interiors by British fashion label John Richmond.
Investment appeal
Mira Coral Bay sits in an emirate where visitor numbers, air capacity and hotel supply are all being expanded to a published 2030 target, with freehold ownership open to foreign buyers and residences delivered furnished, which shortens the path from handover to rental income.
Early entry, market timing
Mira Coral Bay is the largest project announced to date in Al Mairid, and buyers enter while roads, marine works and utilities across the district are still being delivered by RAK Dredging Company under Marjan's mandate. RAK Vision 2030 designates the area a tourism and investment zone. Prime coastal supply across Ras Al Khaimah remains limited against demand, which has held waterfront values ahead of the wider emirate through the current cycle, even as growth eased to 5.4% year on year in Q2 2026.
Rental demand in Ras Al Khaimah
Ras Al Khaimah recorded 1.35 million overnight visitors in 2025 with tourism revenues up 12%, and targets more than 3.5 million annually by 2030 alongside a plan to double its hotel keys. Ras Al Khaimah International Airport passed one million passengers for the first time in 2025, up 51% year on year, and a new 30,000 m² terminal is being built towards a three-million capacity by 2028. Because residences at Mira Coral Bay arrive furnished, an owner can list a unit shortly after handover.
Residency by property investment
Foreign buyers acquire freehold title at Mira Coral Bay, which sits in a designated freehold community developed with Marjan, the master developer responsible for freehold property across the emirate. A purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa, subject to eligibility criteria, which accepts off-plan property from approved developers and allows values across more than one property to be combined. The United Arab Emirates applies no property, income or capital gains tax to individuals.
About Ras Al Khaimah
Ras Al Khaimah is the northernmost emirate of the United Arab Emirates, where the Arabian Gulf coastline meets the Hajar mountains within a few kilometres of each other.
Jebel Jais, the highest peak in the country, sits inland from Al Mairid and carries the emirate's hiking, cycling and adventure programme, while the coast holds its beaches, marinas and resorts. The emirate has built its tourism offer around this contrast, adding hotels under Janu, Four Seasons, Fairmont, Taj and NH Collection to the pipeline, and hosting the RAK Half Marathon, a UAE Tour stage on Jebel Jais and the RAK Art Festival.
Al Marjan Island, 30 minutes along the coast from Al Mairid, will receive Wynn Al Marjan Island in September 2027, an AED 20.9 billion integrated resort with 1,530 rooms, suites and residences.
Ras Al Khaimah International Airport sits 25 minutes south of Al Mairid, currently served by Air Arabia, IndiGo and Air India Express across 14 direct destinations, with a private aviation terminal planned and capacity being expanded. Dubai International Airport is around 1 hour 15 minutes away by road.
Location
Mira Coral Bay sits on the Al Mairid shoreline in Ras Al Khaimah. Distances below are measured from the community.
About Mira Developments
Mira Developments is known for delivering branded, fully furnished homes in collaboration with leading lifestyle names, including Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferré Home.
Whether a high-rise residence or an ultra-luxurious villa in a gated community, each Mira Developments property is turnkey-ready. From designer interiors and premium household appliances to hotel-style services, every detail is thoughtfully considered.
About Coventry
Coventry is the master broker for Mira Developments, operating from Dubai with coverage across the UAE, Georgia, and Switzerland. With five years in the market and more than 1,200 completed transactions, Coventry specialises in branded residences and ultra-luxury developments. The approach is selective: direct developer access, off-market opportunities, and dedicated personal assistance for investors and partners who require clarity and long-term results. Services include free mortgage assistance and free UAE residency assistance.
Frequently asked
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Get pricing, collection launch dates, and investment details.
