Own a home by the sea in the UAE — from AED 550,000 ≈ €130,000
Furnished apartments with 5-star hotel services, a private beach and a yacht club. Pay 50% during construction and 50% over 3 years after handover.
New launch · John Richmond branded residences · Expression of interest open · Ras Al Khaimah, UAE
- Booking deposit: only 10% (≈ €13,000 on a studio)
- Branded residences, Italian furniture included
- Private beach, yacht club, restaurants, spa
- 5-year developer warranty · government partner Marjan
The project in numbers
- 550K AED · starting price (≈ €130,000)
- 50/50 payment plan · 50% after handover
- 3 years to pay the balance after the keys
- 5★ hotel services included
- 293 residences only
- Q2 2029 expected handover
Why now?
Ras Al Khaimah is the fastest-rising destination in the UAE. You buy before the Wynn opens, 20 minutes from the project.
- 2027 — Wynn Al Marjan Island opens : The first casino resort in the Gulf, 20 minutes from Mira Coral Bay. A magnet for tourists and high-end tenants.
- 1.35M → 3.5M — Visitors per year by 2030 : The emirate aims to triple its visitor numbers. Short-term rental demand follows.
- 8,500 → 18,500 — Hotel rooms : Hotel capacity will more than double: premium residential supply remains scarce.
- Marjan — Government master developer : Mira Coral Bay is developed with Marjan, the real estate arm of the Government of Ras Al Khaimah.
Mira Coral Bay — The world's first multi-branded waterfront community
An entire waterfront designed like a resort: 5-star hotels, private beaches, a yacht club, beach clubs, restaurants, an art gallery and car-free promenades. Richmond Residences is the collection of 293 furnished apartments signed by British designer John Richmond.
- Private beach : Direct access to the shore from the residence.
- Yacht club & marina : Arrive, depart and live by the water.
- 5-star hotels : Four international resorts within the community.
- Beach clubs & restaurants : Fine dining and lounges right on the water.
- Spa, pools, fitness : Wellness on every level of the residence.
- Car-free promenades : Landscaped streets, boutiques, art gallery.
5-star hotel service, at home
Live or rent out like in a palace, without the hassle. The hotel's services come right into your apartment.
- Housekeeping : Cleaning and household linen
- Concierge : Bookings, transfers, requests
- In-residence dining : Dinner delivered to your residence
- Valet : Valet parking at the entrance
- 24/7 security : Access control and surveillance
- Property management : Your home rented out and maintained remotely
Delivered furnished, down to the last detail
Every residence is handed over ready to live in or rent out: Italian furniture, lighting, appliances, kitchen equipment, linen and tableware included. No works, nothing to buy after the keys.
Launch prices
Indicative conversions at the 21/09/2026 rate (1 AED ≈ €0.237). Registration fees extra, detailed in your simulation.
| Type | Size | Price | Equivalent |
|---|---|---|---|
| Studio | 431 ft² · 40 m² | from 550,000 AED | ≈ €131,000 |
| 1 bedroom | 854 ft² · 79 m² | from 1,100,000 AED | ≈ €261,000 |
| 2 bedrooms | 1411 ft² · 131 m² | from 1,750,000 AED | ≈ €415,000 |
| 3 bedrooms | 1806 ft² · 168 m² | from 2,300,000 AED | ≈ €546,000 |
| 2-bed duplex | 1806 ft² · 168 m² | from 2,500,000 AED | ≈ €593,000 |
| 3-bed duplex | 2560 ft² · 238 m² | from 3,500,000 AED | ≈ €831,000 |
10-year Golden Visa from AED 2M: the 3-bedroom and duplex units qualify.
50% during construction, 50% after the keys
The most flexible payment plan on the market: half of the price is paid over 3 years after handover, while the property can already be rented out.
During construction · 50%
- 10% — Booking
- 10% — Month 1
- 5% — Month 6
- 5% — Month 12
- 5% — Month 18
- 5% — Month 24
- 5% — Month 30
- 5% — Handover
After handover · 50% over 3 years
- 5% — +4 months
- 5% — +8 months
- 5% — +12 months
- 5% — +16 months
- 10% — +20 months
- 5% — +24 months
- 5% — +28 months
- 5% — +32 months
- 5% — +36 months
Example: a studio at AED 550,000
- Booking (10%) : AED 55,000 (≈ €13,000)
- 1 month later (10%) : AED 55,000 (≈ €13,000)
- 5 instalments of 5% (months 6 to 30) : AED 137,500 (≈ €32,600)
- On handover Q2 2029 (5%) : AED 27,500 (≈ €6,500)
- Over 3 years after the keys (50%) : AED 275,000 (≈ €65,000)
Indicative example provided by Cevitas. Prices and availability subject to change. Not financial advice.
Mira Care: 5-year warranty
Mira is the first developer in the UAE to include a 5-year maintenance warranty as standard.
- Building structure and systems
- MEP installations, lighting, paintwork
- 5 years on fixed equipment
- 3 years on furniture
Where is Mira Coral Bay?
Al Mairid, Ras Al Khaimah — where the mountains meet the sea. 1h30 from Dubai, 20 minutes from the Wynn.
- Ras Al Khaimah city centre : 8 km · 10 min
- Al Marjan Island & Wynn : 20 km · 20 min
- Al Hamra Golf Club : 22 km · 20 min
- Ras Al Khaimah Airport : 25 km · 25 min
- Sharjah : 60 km · 1 h
- Dubai : 110 km · 1 h 30
Why go through Cevitas?
- 0% buyer commission : Our fee is paid by the developer. You pay the same price as buying direct, with advice on top.
- RERA-licensed agency : Cevitas Real Estate LLC is a licensed broker with an office in Deira, Dubai. Support in English, French and Arabic.
- Priority access to units : We place your requests on the most sought-after studios and 1-bedrooms, before they sell out.
- 100% remote purchase : Booking, contract and registration are done from the UK, Europe, Morocco or anywhere else.
“Mira Coral Bay ticks every box I look for on behalf of my clients: an accessible entry ticket, a post-handover payment plan, a hotel operator and a location set to boom with the Wynn.” — Ahmed Benjas, CEO & Founder, Cevitas Real Estate · École des Ponts ParisTech (MBA) · Stanford Executive Education
How it works
- You register your interest : 1 minute. No commitment, no fees.
- An advisor calls you within 24h : In English, French or Arabic: availability, floor plans, figures-based simulation.
- You book your unit : From home, with a 10% deposit. We handle everything up to the keys.
Frequently asked questions
What is an expression of interest (EoI)?
It is a free, no-commitment pre-registration that places you in the unit allocation queue. It does not bind you to anything: you decide to book only after receiving the floor plans, exact prices and your simulation.
Can a foreigner buy in Ras Al Khaimah?
Yes. Mira Coral Bay is in a freehold zone: non-residents of any nationality can buy with full ownership, with a title deed registered in their name with the Ras Al Khaimah land authority.
What exactly does the price include?
The apartment delivered furnished and equipped (Italian furniture, appliances, lighting, linen, tableware), access to the community's services and amenities, and the 5-year Mira Care warranty. Registration fees are added to the price.
How does the post-handover payment work?
50% of the price is paid during construction (10% on booking, then 5% instalments). The remaining 50% is paid in 9 instalments over 36 months after handover, while you can already rent out the property.
Can I rent out my apartment?
Yes. The residences are designed for short- or long-term rental, with hotel services and on-site property management available. Cevitas supports you in letting the property.
What about taxes?
No tax on rental income or capital gains in the UAE. Taxation in your country of residence depends on double tax treaties (UK, France, Belgium, Morocco…). We refer you to a tax adviser.
Am I eligible for the Golden Visa?
One or more properties totalling AED 2 million entitle you to a 10-year residence visa for you, your spouse and your children. The 3-bedroom and duplex units at Richmond Residences exceed this threshold.
How much does Cevitas charge?
AED 0. On off-plan, our commission is paid by the developer. You pay the developer's price, with no extra cost.