Studio
Bedroom area, bathroom, kitchen, living area
- Units
- 210
- Layouts
- 1
- Area
- 40.07 to 45.32 m² / 431 to 488 ft²
- From
- From AED 550,000 / USD 150,000
Mira Coral Bay, Al Mairid, Ras Al Khaimah
Richmond Residences, Mira Coral Bay
Branded apartments by John Richmond at Mira Coral Bay, developed by Mira Developments: studios, one, two and three-bedroom homes and duplexes, furnished at handover.
Starting price
From AED 550,000
Payment plan
50 / 50
Handover
Q1 2029
Total units
293
Branded by John Richmond, delivered turnkey
Richmond Residences is the first collection released at Mira Coral Bay, the multi-branded waterfront community in Al Mairid, Ras Al Khaimah, by Mira Developments. The project comprises one G+9 building holding 293 apartments across 16 layouts, from studios to three-bedroom duplexes, with interiors designed and furnished by John Richmond, the British fashion house founded in London in the 1980s. Richmond Residences is part of Mira Coral Bay, a joint venture between Mira Developments and Marjan on a 220,000 m² stretch of the Al Mairid coast.
Project details
Every apartment is delivered furnished and turnkey-ready. Owners hold their own amenity level inside the building and reach the full Mira Coral Bay infrastructure on foot, including the private beach, two branded beach clubs, the yacht club and four five-star resorts.
CommunityMira Coral Bay
DeveloperMira Developments
Brand partnerJohn Richmond
LocationAl Mairid, Ras Al Khaimah, UAE
Total units293 apartments across 16 layouts
Unit typesStudios, 1BR, 2BR and 3BR apartments, 2BR and 3BR duplexes
Area from40.07 m² / 431 ft²
Starting priceFrom AED 550,000 / USD 150,000
Payment plan50 / 50
HandoverQ1 2029
The John Richmond collaboration
John Richmond is a British fashion house founded in London in the 1980s, built on the meeting point of music, street culture and couture. For Richmond Residences, Mira Coral Bay the house contributes the full interior specification across all 293 apartments.
01
British design language
The design language sets irreverence against luxury, the combination the house has traded on since its founding, translated into apartment interiors through proportion, joinery, surface material and finishing texture. Every home carries John Richmond furniture, lighting and interior detailing rather than a general developer specification, applied identically from the smallest studio to the largest duplex.
02
Fully furnished, move-in ready
Each apartment is completed with branded furniture, lighting, a fully equipped kitchen, appliances, linens, tableware and all interior finishes installed. Owners take possession of a property ready for occupation or letting on the day of handover, with no separate fit-out or furnishing package to arrange.
On-site management by Mira Developments provides five-star hotel-level services: concierge, butler service, valet parking, in-residence dining, housekeeping, on-call maintenance and 24/7 security.
03
One building within Mira Coral Bay
Richmond Residences occupies a waterfront position in the Mira Coral Bay master plan, built above the shared podium that holds parking below the pedestrian level. The ground floor carries the double-height branded lobby with its concierge desk, the residents' lounge, a café and a restaurant. Level 1 is given to the building's own pool and fitness facilities, which sit apart from the community-wide beach clubs and resorts.
04
Layouts, ceiling heights and glazing
Ceilings reach 3.4 m / 11 ft and glazing runs full height, carrying daylight through the depth of each plan. Studios occupy a single layout from 40.07 m² / 431 ft², one-bedroom apartments run across six layouts, and the two and three-bedroom formats add duplexes reaching 333.23 m² / 3,587 ft² over two levels. Smart home control and energy-efficient building systems are fitted throughout.
Gallery
Amenities and services
Richmond Residences carries its own amenity level inside the building, on top of the shared Mira Coral Bay provision. Services are managed by Mira Developments and operate at a five-star hotel standard.
01
Pool and water
Residents' swimming pool and separate kids' pool on Level 1
02
Fitness
Separate gyms for men and women on Level 1, both equipped by Technogym
03
Arrival and lounge
Double-height branded lobby, concierge desk, residents' lounge
04
Dining
Café, coffee shop and restaurant at ground level
05
Beach and marine
Private beach access, two branded beach clubs, yacht club across the community
06
Services
Concierge, butler, valet parking, housekeeping, in-residence dining, 24/7 security
Four five-star resorts, 10 branded restaurants, the waterfront retail promenade, spa and wellness facilities, a contemporary art gallery and a car-free upper level sit across the wider Mira Coral Bay master plan.
Residence types
Six formats across one building, every apartment delivered with John Richmond interiors. Studios account for 210 of the 293 homes and one-bedroom apartments for 54, leaving 29 two and three-bedroom apartments and duplexes.
1-bedroom
Bedroom, living room, bathroom, kitchen
- Units
- 54
- Layouts
- 6
- Area
- 79.37 to 99.74 m² / 854 to 1,074 ft²
- From
- From AED 1,100,000 / USD 300,000
2-bedroom
Two bedrooms, living room, kitchen, bathrooms
- Units
- 6
- Layouts
- 1
- Area
- 131.07 m² / 1,411 ft²
- From
- From AED 1,750,000 / USD 475,000
2-bedroom duplex
Two bedrooms across two levels, living room, kitchen, bathrooms
- Units
- 12
- Layouts
- 2
- Area
- 167.79 to 216.13 m² / 1,806 to 2,326 ft²
- From
- From AED 2,500,000 / USD 680,000
3-bedroom
Three bedrooms, living room, kitchen, bathrooms
- Units
- 8
- Layouts
- 3
- Area
- 167.76 to 244.10 m² / 1,806 to 2,627 ft²
- From
- From AED 2,300,000 / USD 625,000
3-bedroom duplex
Three bedrooms across two levels, living room, kitchen, bathrooms
- Units
- 3
- Layouts
- 3
- Area
- 237.89 to 333.23 m² / 2,561 to 3,587 ft²
- From
- From AED 3,500,000 / USD 950,000
Layout drawings for the 16 plans at Richmond Residences, Mira Coral Bay are released on request. Contact Coventry for the plans and floor-by-floor availability in the formats you are considering.
Payment plan and handover
Richmond Residences, Mira Coral Bay offers a 50/50 payment plan: 8 instalments across construction ending at handover, and 12 further instalments across the three years that follow.
50%
Eight instalments during construction, ending on handover
50%
Nine instalments across three years after handover
| Instalment | Amount | Timing |
|---|---|---|
| 1st payment | 10% | On booking |
| 2nd payment | 10% | 1 month from booking |
| 3rd payment | 5% | 6 months from booking |
| 4th payment | 5% | 12 months from booking |
| 5th payment | 5% | 18 months from booking |
| 6th payment | 5% | 24 months from booking |
| 7th payment | 5% | 28 months from booking |
| 8th payment | 5% | On handover, Q1 2029 |
| 9th payment | 5% | 3 months after handover |
| 10th payment | 5% | 6 months after handover |
| 11th payment | 4% | 9 months after handover |
| 12th payment | 4% | 12 months after handover |
| 13th payment | 4% | 15 months after handover |
| 14th payment | 4% | 18 months after handover |
| 15th payment | 4% | 21 months after handover |
| 16th payment | 4% | 24 months after handover |
| 17th payment | 4% | 27 months after handover |
| 18th payment | 4% | 30 months after handover |
| 19th payment | 4% | 33 months after handover |
| Final payment | 4% | 36 months after handover |
Investment case
Richmond Residences enters a coastal market that repriced sharply through 2,025, ahead of the first licensed casino resort in the United Arab Emirates opening 20 minutes along the shore, with half the purchase price falling due after handover in Q1 2029.
01
32%
Prime apartment price growth in Ras Al Khaimah during 2,025
02
AED 2,428
Record prime apartment price per sq ft in Ras Al Khaimah, 2,025
03
50 / 50
Half the price paid across the three years after handover
04
Sept 2027
Wynn Al Marjan Island opens, 20 minutes along the coast
05
1.35M
Overnight visitors to Ras Al Khaimah in 2,025, a record for the emirate
06
3.5M+
Annual visitor target set for 2030
07
AED 2M
Threshold for a renewable 10-year UAE Golden Visa, subject to eligibility criteria
08
0%
No property, income or capital gains tax for individuals in the UAE
Repricing coast, dated catalyst
Prime apartment values across Ras Al Khaimah gained 32% through 2,025 and set a record at AED 2,428 per sq ft, while the emirate continues to price below Dubai on the same measure. Wynn Al Marjan Island opens in September 2027 as a USD 5.7 billion resort of 1,530 keys carrying the first casino licence issued in the country, a dated event rather than a projection. Handover at Richmond Residences follows in Q1 2029, by which point the resort is trading and the surrounding hospitality supply has expanded.
Furnished handover and deferred payment
Half of any purchase price at Richmond Residences is settled across the three years after completion rather than before it, which moves a large part of the commitment past the point at which the apartment can be occupied or let. Because John Richmond furnishes each home to a fixed specification, an owner faces no fit-out period, no furniture budget and no delay between completion and a first tenancy. Ras Al Khaimah counted 1.35 million overnight visitors in 2,025 against a published 2030 target above 3.5 million, with hotel keys across the emirate planned to move from roughly 8,500 towards 18,500.
Freehold title and residency by investment
Foreign buyers acquire freehold title at Richmond Residences, which sits in a designated freehold community developed with Marjan, the master developer responsible for freehold property across Ras Al Khaimah. A purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa, subject to eligibility criteria, which at launch pricing covers the two-bedroom duplexes, three-bedroom apartments and three-bedroom duplexes. The United Arab Emirates applies no property, income or capital gains tax to individuals, and Mira Care maintains the building for 5 years from handover.
Market figures as at 2,025 unless stated otherwise. Prices from, and subject to change. Residency and tax treatment are assessed by the UAE authorities in each case. Mira Care terms are set by the developer.
About Ras Al Khaimah
Ras Al Khaimah is the northernmost emirate of the United Arab Emirates and the one currently adding hospitality capacity fastest, with its hotel stock scheduled to roughly double against the emirate's 2030 visitor target.
Wynn Al Marjan Island anchors that build-out. Opening in September 2027 on Al Marjan Island, 20 minutes along the coast from Al Mairid, it brings 1,530 rooms, suites and residences and the first casino licence granted in the country. Al Mairid itself is the newest of the emirate's coastal districts, where Marjan is delivering roads, marine works and utilities alongside the first residential clusters.
Ras Al Khaimah International Airport sits 25 minutes south of Mira Coral Bay and carries direct routes across Europe, the CIS, India and the wider Gulf. Dubai International Airport works as a second gateway, 85 km from Ras Al Khaimah city and around 45 minutes by road, which gives owners and short-stay guests two arrival points rather than one.
Hotel keys today
~8,500
Hotel keys planned
18,500
Wynn Al Marjan Island keys
1,530
Drive to Dubai Int. Airport
45 min
Mira Coral Bay, Al Mairid
Richmond Residences sits on the Mira Coral Bay shoreline in Al Mairid, on the northern coast of Ras Al Khaimah city, 10 minutes from downtown and 25 minutes from the emirate's international airport. Distances below are measured from the community.
0 minPrivate beach
10 minDowntown Ras Al Khaimah
20 minAl Marjan Island and Wynn
20 minAl Hamra Golf Club
25 minRAK International Airport
1 hrSharjah
1 hr 30 minDubai
About Mira Developments
Mira Developments is known for delivering branded, fully furnished homes in collaboration with leading lifestyle names, including Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferré Home.
Whether a high-rise residence or an ultra-luxurious villa in a gated community, each Mira Developments property is turnkey-ready. From designer interiors and premium household appliances to hotel-style services, every detail is thoughtfully considered.
About Coventry
Coventry is the master broker for Mira Developments, operating from Dubai with coverage across the UAE, Georgia, and Switzerland. With five years in the market and more than 1,200 completed transactions, Coventry specialises in branded residences and ultra-luxury developments. The approach is selective: direct developer access, off-market opportunities, and dedicated personal assistance for investors and partners who require clarity and long-term results. Services include free mortgage assistance and free UAE residency assistance.
01
1,200+
Completed transactions in branded residences and ultra-luxury developments
02
5 Years
In the market as master broker for Mira Developments
03
3
Markets covered — UAE, Georgia and Switzerland
04
Free
Mortgage assistance and UAE residency assistance for buyers
Frequently asked
Anything not covered here, a consultant will answer directly.
Richmond Residences is developed by Mira Developments, a UAE-based developer founded in 2023 that delivers branded, fully furnished residences in collaboration with lifestyle houses including Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferré Home.
Yes. Interiors across all 293 apartments are designed and furnished by John Richmond, the British fashion house founded in London in the 1980s. The collaboration covers furniture, lighting, joinery and every interior finish rather than the name alone.
Richmond Residences is located within Mira Coral Bay in Al Mairid, on the northern coast of Ras Al Khaimah city. The community sits directly on the shoreline, 10 minutes from downtown Ras Al Khaimah, 20 minutes from Al Marjan Island and 25 minutes from Ras Al Khaimah International Airport.
Mira Coral Bay is a 220,000 m² multi-branded waterfront community by Mira Developments in Al Mairid, built as a joint venture with Marjan and planned around 14 global luxury brands. It holds 101 villas and townhouses, more than 800 apartments, four five-star resorts, two branded beach clubs and a yacht club. Richmond Residences is the first collection released.
Six formats are released: 210 studios from 40.07 m² / 431 ft², 54 one-bedroom apartments from 79.37 m² / 854 ft², six two-bedroom apartments from 131.07 m² / 1,411 ft², 12 two-bedroom duplexes, eight three-bedroom apartments and three three-bedroom duplexes reaching 333.23 m² / 3,587 ft².
Studios start from AED 550,000 / USD 150,000. One-bedroom apartments start from AED 1,100,000, two-bedroom apartments from AED 1,750,000, three-bedroom apartments from AED 2,300,000, two-bedroom duplexes from AED 2,500,000 and three-bedroom duplexes from AED 3,500,000.
Yes. Every apartment is delivered furnished by John Richmond with branded furniture, lighting, a fully equipped kitchen, appliances, tableware and all interior finishes. No additional fit-out is required at any point after handover.
The plan is 50/50. Eight instalments run across construction, beginning with 10% on booking and 10% a month later, then 5% at six, 12, 18, 24 and 30 months, with 5% at handover. Nine further instalments cover the remaining half across the three years after completion.
Handover is scheduled for Q1 2029 across all six formats.
The building holds a double-height branded lobby with concierge desk, a residents' pool, a kids' pool, separate Technogym-equipped gyms for men and women, a residents' lounge, a café and a restaurant. Across Mira Coral Bay owners reach the private beach, two branded beach clubs, a yacht club, four five-star resorts and 10 branded restaurants.
Mira Care covers the building for 5 years from handover, spanning structural elements, core building systems, MEP installations, lighting and paintwork, with a 3-year warranty on loose furniture. Mira Developments was the first developer in the United Arab Emirates to apply cover of that length as standard.
Yes. Mira Coral Bay is a designated freehold community developed with Marjan, the master developer responsible for freehold property across Ras Al Khaimah, so foreign buyers acquire freehold title. The United Arab Emirates applies no property, income or capital gains tax to individuals.
A purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa, subject to eligibility criteria. At launch pricing that threshold is met by the two-bedroom duplexes, three-bedroom apartments and three-bedroom duplexes. Off-plan property from approved developers qualifies, and values across more than one property can be combined.
Talk to Coventry about Richmond Residences, Mira Coral Bay
Get pricing by floor, layout drawings, payment terms and investment details.
