Richmond Residences Mira Coral Bay

Richmond Residences Mira Coral Bay is the first residential phase of the Mira Coral Bay master development in Al Mairid, Ras Al Khaimah. It comprises 293 fully furnished units — studios, 1 to 3-bedroom apartments and 2 to 3-bedroom duplexes — ranging from 431 to 2,560 sq ft. Every home is delivered turnkey with the JR HOME collection by John Richmond, produced by Formitalia Group.

The project is developed by Mira Developments, the master developer behind the broader Mira Coral Bay car-free waterfront district in Al Mairid, Ras Al Khaimah. Mira Developments offers a Mira Care warranty covering five years of structural protection and three years on all furnished items.

The collection spans six unit types: studios at 431 sq ft (210 units), 1-bedroom apartments at 854 sq ft (54 units), 2-bedroom apartments at 1,411 sq ft (6 units), 3-bedroom apartments at 1,806 sq ft (8 units), 2-bedroom duplexes at 1,806 sq ft (12 units) and 3-bedroom duplexes at 2,560 sq ft (3 units). All units feature stone accents, brass fixtures and fluted joinery as part of John Richmond's signature design language.

Units are available from AED 550,000, making the studio apartments the most accessible entry point into this fully furnished waterfront community. The payment plan is structured on a 50/50 basis, with half paid during construction and the remainder on handover in Q2 2029.

Residents have direct access to a private beach, yacht club, two international beach clubs, four five-star boutique hotels and ten branded restaurants and cafes within the car-free Mira Coral Bay district. On-site amenities include a resort-style lap pool, children's pool, male and female Technogym fitness facilities, landscaped waterfront promenades and a lobby cafe.

Richmond Residences operates on a hotel-grade service model that includes daily housekeeping, butler service, valet parking and 5-star concierge as standard. These services make the building well suited to both full-time residents and investors targeting the short-stay rental market in Ras Al Khaimah.

The expected handover date is Q2 2029. The project is being delivered off-plan with a 50/50 payment structure, meaning buyers pay 50% during the construction phase and the remaining 50% upon completion and handover of their fully furnished unit.

Al Mairid is positioned within RAK's growing hospitality and lifestyle corridor, close to RAK International Airport and the Wynn Al Marjan Island resort — one of the region's most anticipated integrated entertainment destinations. Ras Al Khaimah has recorded consistent growth in tourism and short-term rental demand, and Mira Coral Bay's car-free waterfront format is designed to capture premium lifestyle and holiday-let interest.