The project
Mira Coral Bay, Ras Al Khaimah
branded waterfront living in RAK's next investment destination
Zeyad Eid
Senior UAE Property Advisor
A market I'm watching closely.
RAK is entering a real growth cycle — tourism, hospitality, business expansion and international money all moving in the same direction.
Tourism brings businesses, businesses bring jobs, jobs bring residents, and residents create housing demand. The play is to position ahead of that curve.
1.35M visitors '253.5M+ by 2030~18,500 hotel keys$5.7B Wynn
Zeyad Eid
Senior UAE Property Advisor
More than a residential project.
Mira Coral Bay is planned as a complete branded waterfront destination — not a collection of standalone apartment buildings.
A 220,000 sqm masterplan bringing together 14 branded residential concepts along one shoreline. Nine plots in total; Plot 1, with John Richmond Residences, is delivered first.
220,000 sqm14 branded concepts9 plots
Zeyad Eid
Senior UAE Property Advisor
A resort-style ecosystem.
The masterplan is built around amenities that create a destination — a place people want to visit, live in and rent within.
For investors, these aren't just facilities. They're what underpins rental demand and long-term desirability.
5-star hotel250-key resortYacht club2 beach clubs10 restaurantsArt gallery
Zeyad Eid
Senior UAE Property Advisor
John Richmond Residences.
Part of Plot 1, John Richmond Residences includes 293 branded apartments — the first opportunity to buy into Mira Coral Bay.
Delivered turnkey: furnished and equipped, with branded Italian furniture and integrated kitchen appliances. You buy it, it's ready to live in or rent.
The RAK waterfrontWhere Dubai stood fifteen years ago
The Wynn effectA $5.7B resort, 20 minutes away
The masterplanNine plots along the waterfront
The shorelineBeach clubs, yacht club, Gulf frontage
Living on the waterArabian Gulf frontage from the residences
Richmond ResidencesBranded architecture on Plot 1
The lobbyThe branded arrival experience
Turnkey interiorsFurnished, equipped and ready
The living spaceItalian furniture, branded FF&E
The kitchenHigh-end integrated appliances
The bedroomJR signature textiles and artwork
The bathroomStone, brass and fluted detailing
The thesis
Not another standalone tower.
Mira Coral Bay is an early-positioning opportunity inside Ras Al Khaimah's next growth cycle. The combination of a 220,000 sqm waterfront masterplan, branded residences, hospitality and lifestyle infrastructure — alongside RAK's expanding tourism economy — makes for a stronger investment story than simply buying into another apartment building.
The opportunity isn't just buying an apartment in RAK. It's gaining exposure to RAK's growth through a differentiated, branded, waterfront product — with an accessible entry price and a payment plan that runs three years past handover.
So the thesis I run for clients is this: buy the differentiated, scarce, branded product early, while the destination is still being built out, and hold through the tourism and infrastructure ramp toward both rental premium and capital appreciation.
Why it stands out
Several demand drivers, combined.
Waterfront location
Directly on the Arabian Gulf shoreline in Al Mairid — scarce, and hard to replicate.
Branded residences
John Richmond branding and Italian furnishings — the scarce end of the market.
Destination-scale masterplan
220,000 sqm with hotels, beach clubs and restaurants, not a token amenity floor.
RAK tourism growth
1.35M visitors in 2025 heading to 3.5M+ by 2030, with the Wynn resort as catalyst.
Accessible entry price
Studios from AED 550K — a low entry point into a branded waterfront product.
Post-handover payment plan
50/50 with half the price spread over three years after handover.
The location
Al Mairid, on the waterfront — 10 minutes from Downtown RAK.
Downtown Ras Al Khaimah10 min
Wynn / Al Marjan Island20 min
Al Hamra Golf Club20 min
RAK International Airport25 min
Dubai90 min
Arabian Gulf frontage0 min
Residences & prices
Choose your entry point.
Studio
Fully furnished
From AED 550K
1 Bedroom
Furnished & equipped
From AED 1M
2 Bedroom
Furnished & equipped
From AED 1.75M
3 Bedroom
Furnished & equipped
From AED 2.3M
Duplexes
Furnished & equipped
From AED 2.5M
50%
During construction
50%
Over 3 years after handover · Q1 2029 expected
The specification
Every number, in one place.
Project
John Richmond Residences, Mira Coral Bay
Developer
Mira Developments
Location
Plot 1, Al Mairid, Ras Al Khaimah
Masterplan
220,000 sqm · 14 branded concepts · 9 plots
Total apartments
293
Unit types
Studio, 1, 2 & 3 bedroom, and duplexes
Delivery
Turnkey — furnished with branded Italian furniture & integrated appliances
Entry price
From AED 550,000 (studio)
Payment plan
50% construction · 50% over 3 years post-handover
Expected handover
Q1 2029
Common questions
What buyers usually ask me.
Is Ras Al Khaimah actually a good place to buy now?+
RAK is in an early growth phase similar to where established Dubai communities were years ago — driven by tourism, the Wynn Al Marjan resort, and infrastructure investment. Prices are still at an accessible level relative to Dubai, which is the point: you're positioning ahead of the demand curve rather than after it.
What makes John Richmond Residences different from a normal apartment?+
It's a branded residence delivered turnkey — furnished and equipped with branded Italian furniture and integrated kitchen appliances — inside a 220,000 sqm waterfront destination with hotels, beach clubs, a yacht club and restaurants. Branded, waterfront, destination-scale product is the scarce end of the market.
How does the payment plan work?+
It's a 50/50 plan: 50% during construction and 50% spread over three years after handover, with handover expected Q1 2029. For investors, that post-handover portion is a capital-efficiency angle — half the purchase price extends beyond completion.
Which unit should I actually buy?+
Not every unit will perform the same. I'd analyse price per sq ft, view, floor, orientation, layout, unit scarcity, rental positioning and resale liquidity. The objective is the unit with the best combination of entry price, future rental demand and exit potential — that's what the call is for.
Talk it through with Zeyad.
A free 30-minute call. I'll walk you through the latest availability, the prices, the floors and the view — and the specific units I believe offer the strongest investment potential at Mira Coral Bay.
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