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New Launch — Al Mairid

Mira Coral Bay

Mira Coral Bay is a landmark seaside destination taking shape in Al Mairid, Ras Al Khaimah, delivered by Marjan Developer together with Mira Developments.

Starting from
Handover TBA
Payment Plan

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Direct from Developer 0% Commission
Escrow Protected Bank-secured funds
Remote Purchase Buy from anywhere
Tax-Free 0% property tax

Everything You Need to Know

Key details about Mira Coral Bay at a glance — from pricing and unit types to handover timelines.

Starting Price
Unit Types
Apartments, Townhouses & Villas
Multiple layouts available
Handover
TBA
TBA
Payment Plan
0% interest

Flexible
Payment Structure

Enjoy 0% interest on your payment plan with manageable installments spread across the construction period.

Down PaymentOn Booking
From
During ConstructionInstallments
Installments over construction
On HandoverTBA
Upon key collection

Why This Payment Plan Works for Investors

Mira Coral Bay plan lets you secure a premium unit with a modest upfront payment. During construction, your property can appreciate significantly — and you can even resell after paying 30% to the developer.

0% interest throughout the payment period
Resell after 30% paid — earn capital gains pre-handover
Only 4% one-time fee to Land Department (no annual tax)
Funds held in escrow — fully protected by UAE law
Get Detailed Payment Schedule

Full Payment Schedule

Detailed breakdown based on starting price

Stage%Amount (AED)DescriptionMilestone
Total100%AED Full purchase price

* Amounts shown for 1BR starting unit. Actual amounts vary per unit type and floor. Payment schedule subject to developer confirmation.

Additional Fees

DLD Fee (Land Dept.)4% of purchase price
Admin Fee (Developer)AED 5,250
Service Charge (Annual)AED 14 / sq ft / year
Agent Commission0% — FREE
Annual Property Tax0% — None
Capital Gains Tax0% — None

Property Details

Building StructureReinforced concrete, G+20
Ownership100% Freehold
ResellAllowed after 30% paid
FurnitureUnfurnished (upgrade available)
Parking1 dedicated space per unit
CompletionTBA
Your Dedicated Advisor

Have Questions About
Mira Coral Bay?

Hi, I'm LanaSenior Investment Advisor at Palmera. I've personally assisted dozens of investors with Mira Coral Bay and know every unit, floor plan, and payment option inside out.

"Mira Coral Bay is one of my top picks for investors. Marjan Developer & Mira Developments's quality is unmatched at this price point, and the Al Mairid location offers exceptional value. I'd love to walk you through the best available units and help you find the perfect fit for your investment goals."
Lana Lents
Lana Lev
Senior Investment Advisor
EnglishRussian

Prime Position in
Al Mairid

Al Mairid is one of the UAE's premier investment destinations. With the Wynn Resort casino opening nearby in 2027, this area is set for explosive growth in tourism and property values.

Al Hamra Mall
15 minutes by car
Al Marjan Island
20 minutes by car
RAK International Airport
25 minutes by car
Dubai International Airport
55 minutes by car

Resort-Style Living

Private Beach Access
Yacht Club
Branded Beach Clubs
Five-Star Spa Hotel
Signature Restaurant Collection
Resort Swimming Pools

Marjan Developer & Mira Developments

Est. 2014 • Dubai, UAE

30+
Projects
5,000+
Units

Coastal Living, Crafted Together

Mira Coral Bay is a joint undertaking by Marjan Developer and Mira Developments, two names closely tied to Ras Al Khaimah's emergence as a Gulf investment hub. Marjan has been central to the emirate's waterfront and tourism expansion, while Mira Developments brings a focus on design-led, lifestyle-oriented communities. Together they conceived Mira Coral Bay as a flagship statement for the destination, integrating branded hospitality, residential clusters and leisure venues within one coastal masterplan. The partnership prioritises architecture rooted in the natural setting and amenities that serve residents, visitors and investors alike across the development.

View All Projects by Marjan Developer & Mira Developments

Why Mira Coral Bay Is a Smart Investment

Ras Al Khaimah's property market is poised for significant growth. Here's what makes this opportunity exceptional.

Projected ROI

AI-based studies predict up to 58% return on investment over five years for premium Ras Al Khaimah properties, driven by the Wynn Resort effect.

Up to 58%

Wynn Casino Effect

The first casino resort in the UAE, opening on Al Marjan Island in spring 2027. Property values in RAK already rose 20-35% in 2024.

2027

Tax-Free Investment

UAE offers 0% income tax, 0% property tax, and 0% capital gains tax. Pay only a one-time 4% registration fee to the Land Department.

0% Tax

$75B Development Pipeline

RAK has an unprecedented $75 billion in active development projects, signaling massive government commitment to growth and infrastructure.

$75B

Frequently Asked Questions

Ras Al Khaimah levies no annual property tax, no income tax on rental earnings and no capital-gains tax when you sell. The only material government cost is a one-time Dubai Land Department-equivalent registration fee of 4% on the purchase price, payable at the point of transfer.
The developer has confirmed an easy, staged payment plan for Mira Coral Bay, with specific instalment percentages and the handover schedule still to be released. Most off-plan launches in RAK spread payments across booking, construction milestones and completion, easing the cash burden for overseas buyers.
Yes. Al Mairid sits within a designated freehold zone, so non-UAE buyers can hold 100% ownership of their unit with full title in their own name. There is no requirement for a local partner or sponsor, and the title transfers directly to the registered purchaser.
Off-plan sales in Ras Al Khaimah are governed by escrow regulations, meaning buyer instalments are held in a supervised account and released to the developer only against verified construction progress. This framework safeguards your funds and ties payments to genuine delivery milestones on the project.
A property investment of AED 2 million or more makes you eligible to apply for the UAE's 10-year renewable Golden Visa, which extends residency to your spouse and children. Once Mira Coral Bay pricing is published, qualifying units would open this route to long-term residency.

Similar Projects in Al Mairid

Explore other premium developments in the same area.

Limited Units Available

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Mira Coral Bay

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Direct from Developer
0% Commission
Escrow Protected
Freehold Ownership
Mira Coral Bay

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