Mira Coral Bay is the world"s first multi-brand coastal resort cluster, developed by Mira Developments in partnership with Marjan — the master developer of the emirate of Ras Al Khaimah. The project features Richmond Residences — a collection of 293 fully furnished residences designed in the aesthetic of British designer John Richmond. The range of formats, from studios to three-bedroom duplexes, provides a flexible lineup for living, leisure, and investment.
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Al Mairid is a residential district in the central part of Ras Al Khaimah, with direct access to the scenic Khor Al Maireed lagoon. All of the emirate"s key infrastructure — from leading medical centres and top-tier schools to premium retail — is within easy reach and free from tourist-driven price premiums.
The primary residential stock consists of villas, townhouses, and low-rise complexes. Those who buy here are families with children, professionals from the RAK Free Trade Zone, and expats drawn by the relationship between square footage and price: for the cost of a small apartment in Dubai, it is genuinely possible to purchase a full-sized home here. The rental audience is stable and long-term, with no seasonal dips.
Ras Al Khaimah is in an active phase of growth: Wynn Resort on Al Marjan Island, an influx of international investors, and the steady expansion of infrastructure across the emirate. Al Mairid is one of the most accessible entry points for residential property in this context: an established neighbourhood with real demand and prices that have yet to reflect their full potential.
Unlike the resort zones of RAK, where occupancy is subject to seasonal fluctuation, Al Mairid sees consistent demand year-round. The proximity to RAK Hospital, schools, and Al Naeem Mall creates a structural anchor for tenants. Property maintenance costs here are lower than in branded or resort complexes within the emirate, which has a positive effect on net investment yields.
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RERA: 1110488 Space8 has been verified in collaboration with the Dubai Land Department (DLD) and its Real Estate Regulatory Agency (RERA).