Coral Bay – Mira's Branded Waterfront Community at Al Mairid
A 943-unit branded waterfront community by Mira Developments and Marjan at Al Mairid, Ras Al Khaimah — apartments, villas and townhouses from AED 1.04M, on a 20/55/25 plan, delivery December 2028.
Coral Bay — A Branded Waterfront Community
Coral Bay is a 943-unit branded waterfront community developed by Mira Developments in partnership with Marjan, Ras Al Khaimah's master developer, at Al Mairid — about 10 minutes from Downtown Ras Al Khaimah. The mix spans 650 apartments across 4 clusters, 165 villas across 6 clusters and 128 townhouses across 2 clusters, alongside a five-star branded spa hotel, a 250-room resort hotel, a yacht club, two branded beach clubs and 10 branded restaurants. Prices start from AED 1.04 million on a 20/55/25 payment plan, with delivery due December 2028.
Mira Developments
Mira Developments, already building Richmond District, Trussardi and Mira Hills in Dubai, partners with Marjan on Coral Bay — its first Ras Al Khaimah project, a branded waterfront community at Al Mairid. Coral Bay is developed in partnership with Marjan, Ras Al Khaimah's master developer, through its subsidiary RAK Dredging Company, which is shaping Al Mairid into a beachfront destination. The community carries branded residences from 14 global partners — John Richmond, the same fashion house behind Mira's Richmond District in Dubai, is the first confirmed by name; the rest were unannounced as of this page's last check.
Full Mira Developments profile: ownership, track record and every project →
Al Mairid — direct Arabian Gulf beachfront, Ras Al Khaimah
Coral Bay sits at Al Mairid, on the Arabian Gulf coast of Ras Al Khaimah, about 10 minutes from Downtown Ras Al Khaimah. It is part of Marjan's wider push to develop Al Mairid into an investment and tourism hub alongside the emirate's other freehold beachfront communities.
- Direct Arabian Gulf beachfront
- Yacht club
- Two branded beach clubs
- Car-free upper level
- 5-star branded spa hotel (100 keys)
- Resort hotel (250 rooms)
- 10 branded restaurants
- Underground contemporary art gallery
- ~10 min to Downtown Ras Al Khaimah
- Al Mairid, Ras Al Khaimah
25.80944, 55.96250 · Al Mairid, Ras Al Khaimah
Coral Bay
Mira and Marjan's branded waterfront community at Al Mairid.
Coral Bay brings 14 branded-residence partners, a yacht club and two hotels to a single 943-unit waterfront community — Mira's first project in Ras Al Khaimah.
943 Units, Three Property Types
650 apartments, 165 villas and 128 townhouses across 12 clusters — one of the largest branded-residence launches on GRAF.
A Working Marina
A yacht club and marina walk sit at the centre of Coral Bay, with sailboats and yachts already rendered berthed along the promenade.
Two Hotels, One Community
A five-star branded spa hotel (100 keys) and a 250-room resort hotel anchor the hospitality side of Coral Bay.
14 Global Brand Partners
Branded residences from 14 names — John Richmond, also behind Mira's Richmond District in Dubai, is the first confirmed.
A Beachfront Destination in the Making
Developed with Marjan, Ras Al Khaimah's master developer, as part of its plan to turn Al Mairid into an investment and tourism hub.
Mira's First RAK Project
Mira already builds Richmond District, Trussardi and Mira Hills in Dubai; Coral Bay is its first project outside the emirate.
A 20/55/25 plan — 20% at launch, 55% during construction, 25% on handover.
Mira and Marjan quote Coral Bay on a 20/55/25 structure: 20% at sales launch, 55% paid across construction, and 25% on handover. No official, dated milestone schedule is public yet — confirm the exact instalment dates at booking.
Why Coral Bay is a Smart Mira Investment
For Growth
Coral Bay opens at AED 1.04M — a low entry point for a 943-unit branded waterfront community with two hotels, a marina and 14 brand partners, in a market (Ras Al Khaimah) still earlier in its price cycle than Dubai.
For the Long Hold
Mira already delivers in Dubai (Richmond District, Trussardi, Mira Hills); Coral Bay is its first Ras Al Khaimah project, developed with Marjan, RAK's own master developer. The honest caveat: only 1 of 14 promised brand partners is named so far, and no official floor plans or per-type prices have been released.
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