Marjan, the premier master developer of freehold properties in Ras Al Khaimah, has announced the launch of Mira Coral Bay, a groundbreaking waterfront project in the Al Mairid area. In collaboration with Mira Developments, this ambitious venture aims to redefine Al Mairid’s reputation as a premier investment and tourism hub. Mira Coral Bay represents a substantial investment in the waterfront residential community, underscoring Marjan’s dedication to enhancing the emirate’s real estate landscape.
The Mira Coral Bay project is a mixed-use destination that integrates multi-use properties developed in partnership with renowned lifestyle brands. This development marks a significant milestone for Marjan’s subsidiary, the RAK Dredging Company, which is transforming Al Mairid into a distinctive destination with world-class infrastructure. This initiative aligns with Ras Al Khaimah’s vision of becoming a leading magnet for tourism and investment in the region.
Arch. Abdulla Al Abdouli, CEO of Marjan, stated, “At Marjan, our commitment is to develop properties that enhance the local topography and provide world-class facilities, reflecting Ras Al Khaimah’s global stature in the real estate market. Mira Coral Bay exemplifies our forward-thinking vision for the emirate’s evolution into a premier investment and tourism hub. Al Mairid is rapidly becoming one of the most coveted destinations in the emirate, and our partnership with Mira Developments will further stimulate the local economy and set new standards in luxury living.”
Tamara Getigezheva, co-founder of Mira Group, added, “We are honored to be part of this transformative project. Our vision for Mira Coral Bay is to create a waterfront master development that embodies luxury and sophistication, offering residents and visitors an unparalleled lifestyle experience anchored by world-leading brands.”
Designed by Marco Casamonti & Partners / Archea Associati, a renowned architectural studio with over 200 international projects, including the Antinori Winery in Italy and the Li Ling World Ceramic Art City in China, Mira Coral Bay is set to become a landmark destination in Ras Al Khaimah. The development will attract discerning investors, residents, and tourists from around the globe.
Mira Coral Bay will feature a five-star branded spa hotel with 100 keys, a resort hotel with 250 rooms, a state-of-the-art yacht club, and two exclusive branded beach clubs. The development will also include six clusters of villas with 165 units, two clusters of townhouses with 128 units, four clusters of apartments totaling 650 units, and 10 premium branded restaurants. The project will offer underground parking and scenic walkways with innovative architecture that integrates the natural environment and outdoor facilities, ensuring pedestrian comfort.
Located just 10 minutes from Downtown Ras Al Khaimah, Mira Coral Bay promises residents and visitors easy access to the vibrant city life while providing a tranquil waterfront retreat. This development aligns with RAK Vision 2030, aiming to invigorate the local economy and enhance the emirate’s business and tourism prospects. Mira Coral Bay heralds a new era for Marjan, positioning Al Mairid as a futuristic residential and leisure destination that will create job opportunities and redefine luxury living in Ras Al Khaimah.
