Al Mairid, Ras Al Khaimah, UAE
The world's first multi-branded waterfront community, on the Al Mairid shoreline
Mira Coral Bay is a 220,000 m² waterfront master-planned community by Mira Developments in Al Mairid, Ras Al Khaimah, built as a joint venture with Marjan, the master developer of freehold property in the emirate. The master plan holds 124 branded villas, 100 townhouses and more than 400 apartments, planned around 14 global luxury brands with every building furnished by one of them. A 100-key five-star spa hotel, a 250-room resort hotel, two branded beach clubs, a yacht club and 10 branded restaurants sit inside the same community, above a shared podium containing parking and an art gallery.
Project
Mira Coral Bay is planned as a series of branded collections within one coastal master plan, with villas, townhouses and apartments grouped into clusters. Residences are furnished by their brand partner and handed over ready for immediate move-in, with layouts specified by that house. The shared podium beneath the clusters holds parking and an art gallery, keeping vehicle movement below the pedestrian level.
Hotels & Wellness
Mira Coral Bay contains two five-star hotels: a branded spa hotel with 100 keys and a resort hotel with 250 rooms, each running under its own theme and service offer. The hotels bring restaurants, spa and wellness facilities and event spaces into the community, and give visiting family and guests somewhere to stay inside the master plan. Concierge, valet, housekeeping and in-residence services are available to owners across the community.
Beach & Yacht Club
Mira Coral Bay occupies a stretch of shoreline in Al Mairid, with private beach access on site. Two branded beach clubs sit directly on the waterfront, each with dining, lounges and sea views, and a yacht club within the community provides berthing for residents and visitors arriving by sea. Landscaped public areas and pedestrian walkways connect the shoreline to the residential clusters.
Residences
Mira Coral Bay holds 124 branded villas, 100 townhouses and more than 400 apartments. Villas and townhouses sit in six and two clusters respectively along the waterfront, while apartments are grouped into buildings across the podium. Each collection is furnished by a different brand partner, so layouts, finishes and furniture differ between them, and collections are released in phases.
Destination
Mira Coral Bay is the largest project announced to date in Al Mairid, a coastal district on the northern side of Ras Al Khaimah city. Infrastructure across the district is delivered by RAK Dredging Company, a subsidiary of Marjan, which is laying roads, marine works and utilities alongside the community. Al Mairid follows the sequence Marjan established at Al Marjan Island: infrastructure first, then hospitality and residential.
Two waterfront clubs with dining, lounges and sea views.
Berthing inside the community for residents and arriving guests.
A 100-key branded hotel with spa and wellness facilities.
A 250-room hotel with dining venues, pools and event spaces.
Ten restaurants across the community and its waterfront promenade.
A gallery set into the shared podium beneath the residential clusters.
Leave your details to receive launch information, available residences, pricing and layouts for each branded collection at Mira Coral Bay as it opens for sale.
Location
Mira Coral Bay sits on the Al Mairid shoreline, where the coast meets the Hajar mountain range inland. Downtown Ras Al Khaimah is 10 minutes away by car and Ras Al Khaimah International Airport 25 minutes, with the airport adding direct routes from Central and Eastern Europe, the CIS and Central Asia over recent seasons and a VIP private aviation terminal planned. Al Marjan Island is 30 minutes down the coast, where Wynn Al Marjan Island is due to open in September 2027 as the first licensed integrated resort in the United Arab Emirates, with 1,530 rooms, suites and residences. Jebel Jais, the highest peak in the country, is under an hour inland, and Dubai International Airport is reachable in around 1 hour 15 minutes.
Investment
Ras Al Khaimah allows foreign nationals to acquire freehold property in designated communities, combines this with the same 10-year Golden Visa threshold as the rest of the United Arab Emirates, and applies no property, income or capital gains tax to individuals. RAK Vision 2030 continues to direct investment towards tourism, waterfront development and infrastructure across the emirate.
Ras Al Khaimah welcomed a record 1.35 million overnight visitors in 2025, with tourism revenues up 12% year on year, and the emirate is targeting more than 3.5 million annual visitors by 2030 alongside a plan to double its hotel keys over the same period. Visitor numbers continued to grow into 2026, and the opening of Wynn Al Marjan Island in September 2027 adds a AED 20.9 billion integrated resort to the coast 30 minutes from Al Mairid.
Property registrations across Ras Al Khaimah reached around AED 2.89 billion between January and June 2026, including AED 1.353 billion of sales across 1,274 transactions. Freehold residential capital values stood 5.4% higher year on year in Q2 2026 at a weighted average of AED 1,006 per sq ft, with apartments up 5.8% and villas up 4.6%, a pace that has eased from the double-digit growth recorded through 2025.
The case
Mira Coral Bay pairs freehold ownership on a newly built coastal district with furnished branded residences from AED 550,000, in an emirate where freehold apartments and villas both returned average gross rental yields of 5.3% in Q2 2026.
Residences at Mira Coral Bay are handed over with furniture, materials and décor supplied by the brand partner. This removes the fit-out and furnishing stage between completion and first occupancy, so owners can move in or place the residence on the rental market immediately after handover. Hotel-style services across the community support short-stay letting alongside long-term tenancy.
Mira Coral Bay enters Al Mairid while the district is still under construction, ahead of its hotels, beach clubs and retail promenade opening. Roads, marine works and utilities across the area are being delivered by RAK Dredging Company under Marjan's mandate. Ras Al Khaimah's prime coastal supply remains limited relative to demand, which has kept waterfront values ahead of the wider emirate through the current cycle.
Foreign nationals can acquire freehold title at Mira Coral Bay, developed with Marjan, the master developer responsible for freehold property across Ras Al Khaimah. A purchase reaching the AED 2 million threshold may provide eligibility for the renewable 10-year UAE Golden Visa, which covers off-plan property from approved developers and allows values across more than one property to be combined.
Speak with Percent&Co about ownership conditions, branded collections, payment terms and the investment considerations of buying property in Ras Al Khaimah.
Residences
The agency
Percent&Co is a Dubai-based real estate investment agency working with international buyers across residential and investment property in the UAE and wider MENA region.
Percent&Co supports buyers throughout the transaction:
Property selection from vetted developers and projects
Remote purchase support for international buyers
Rental yield and price growth analysis for shortlisted properties
Legal and contractual assistance through to handover
Contact us
Request current availability, pricing, payment terms and guidance on purchasing a residence at Mira Coral Bay.
Questions
Mira Coral Bay is a 220,000 m² waterfront community by Mira Developments in Al Mairid, Ras Al Khaimah, built as a joint venture with Marjan. The master plan holds 124 branded villas, 100 townhouses and more than 400 apartments, alongside a 100-key five-star spa hotel, a 250-room resort hotel, two branded beach clubs and a yacht club.
Mira Coral Bay is located on the shoreline of Al Mairid, a coastal district on the northern side of Ras Al Khaimah city. Downtown Ras Al Khaimah is 10 minutes away by car, Ras Al Khaimah International Airport 25 minutes and Al Marjan Island 30 minutes down the coast.
Mira Coral Bay includes 124 branded villas, 100 townhouses and more than 400 apartments, grouped into clusters across the waterfront site. Each collection is furnished by a different brand partner, so layouts, finishes and furniture differ between them.
Apartments at Mira Coral Bay start from AED 550,000 / USD 150,000. Townhouse and villa pricing is available on request, and each branded collection is priced at its own launch. Contact Percent&Co for current availability.
Yes. Mira Coral Bay is described as the world's first multi-branded waterfront community, with 14 luxury brands taking part. Rather than one brand across the whole development, every building is furnished by a luxury house, and the brand behind each building is published when that collection is released.
Fourteen global luxury brands take part in Mira Coral Bay. Names associated with the community include Bentley Home, ETRO Home, Jacob & Co., Trussardi and John Richmond, alongside Kadar Villas, a villa concept introduced for the community with custom-fitted interiors and two special edition cars per villa.
Yes. Residences at Mira Coral Bay are handed over furnished by their brand partner, with furniture, materials and décor supplied as part of the purchase. Owners therefore receive a completed home without arranging a separate furnishing package after handover.
Mira Coral Bay includes private beach access, two branded beach clubs, a yacht club, a 100-key five-star spa hotel, a 250-room resort hotel, 10 branded restaurants, a waterfront retail promenade, spa and wellness facilities, an art gallery and underground parking within the shared podium.
The Mira Coral Bay master plan was designed by Marco Casamonti & Partners / Archea Associati, an Italian studio with more than 200 built works internationally, including the Antinori Winery in Tuscany and the Li Ling World Ceramic Art City in China. Building forms draw on the natural structure of coral.
Yes. Foreign nationals can acquire freehold title at Mira Coral Bay, developed with Marjan, the master developer of freehold property in Ras Al Khaimah. A purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa.
Al Mairid is a coastal district of Ras Al Khaimah, 10 minutes from the city's downtown area, being developed into a tourism and investment zone under RAK Vision 2030. Roads, marine works and utilities across the district are delivered by RAK Dredging Company, a subsidiary of Marjan.
Ras Al Khaimah welcomed a record 1.35 million overnight visitors in 2025 and targets more than 3.5 million annually by 2030. Freehold residential values rose 5.4% year on year in Q2 2026, with gross rental yields averaging 5.3% for both apartments and villas, and Wynn Al Marjan Island opens in September 2027.
Branded collections at Mira Coral Bay are released in phases, with payment plans and handover dates published per collection at launch rather than across the community as a whole. Register with Percent&Co to receive these details for each collection as it opens for sale.
