OVERVIEW Mira Coral Bay is a large-scale beachfront master-planned development by Mira Developments, located in Ras Al Khaimah along the Al Marjan Island coastal zone. The project is designed as a mixed-use seaside destination combining luxury residences, branded living concepts, hospitality, marina lifestyle, and vibrant social infrastructure, aligned with Ras Al Khaimah Vision 2030.
KEY DETAILS Developer: Mira Developments Project Name: Mira Coral Bay Project Type: Mixed-use beachfront master community Location: Al Mairid, Ras Al Khaimah (Al Marjan Island coastal area), UAE Ownership: Freehold Status: Off-plan Estimated Handover: Q4 2028 (December 2028)
LOCATION Al Mairid, Ras Al Khaimah — Al Marjan Island coastal zone The project enjoys a prime waterfront location with direct beach access and marina-oriented planning. It is approximately 45–60 minutes’ drive from Dubai, offering a balance between resort living and accessibility to major business hubs.
MASTER PLAN & CONCEPT Large-scale coastal lifestyle destination Mixed-use development including apartments, townhouses, villas, and branded residences Marina, beach clubs, waterfront promenades, and leisure zones Designed in collaboration with 14 international lifestyle and hospitality brands Aligned with Ras Al Khaimah Vision 2030 for tourism and economic growth
HOSPITALITY & LANDMARK FEATURES 5-star spa hotel with approximately 100 keys Large-scale resort hotel with approximately 250 rooms Marina and yacht-oriented lifestyle infrastructure Beach clubs, waterfront dining, cafés, and entertainment venues
AMENITIES & LIFESTYLE Private beach access and beachfront promenades Marina and yacht club facilities Landscaped walking paths and open green spaces Beach clubs, restaurants, and cafés Spa, fitness centers, and wellness facilities Community and leisure zones designed for resort-style living
UNIT TYPES & PRICE RANGE (APPROXIMATE) Prices vary significantly depending on property type, size, view, and branding. 1-bedroom apartments from approximately AED 1,038,000+ Larger apartments, townhouses, and villas from approximately AED 2,000,000+ Some villa and townhouse units listed by brokers range up to AED 9,000,000+ depending on size, beachfront positioning, and design concept
PAYMENT PLAN Standard 20 / 55 / 25 Payment Plan 20% booking and initial payment 55% during construction 25% on handover
Alternative Structures (Marketed by Some Brokers) 10% booking 50% during construction 40% on handover (Availability subject to sales phase and unit type)
INVESTMENT OUTLOOK Ras Al Khaimah is one of the UAE’s fastest-growing tourism and real estate markets Strong rental and capital appreciation potential driven by beachfront supply, hospitality projects, and upcoming attractions Proximity to Dubai combined with resort-style coastal living makes the project attractive for both end-users and investors Large-scale hotels, marina, and beach clubs are expected to support long-term economic activity and rental demand
SUMMARY Mira Coral Bay is a flagship beachfront master-planned development by Mira Developments in Ras Al Khaimah. Offering a wide mix of apartments, townhouses, villas, branded residences, hotels, marina lifestyle, and beach clubs, the project targets both lifestyle buyers and long-term investors. Prices start from approximately AED 1.04 million for apartments, with flexible payment plans commonly structured at 20/55/25 and an expected completion in December 2028.
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