Marjan has announced the launch of Mira Coral Bay, a new large-scale waterfront project in the Al Mairid area.
Developed in partnership with Mira Developments, this ambitious project is a mixed-use destination that will redefine Al Mairid’s status as an investment and tourism hub.
Mira Coral Bay is a substantial investment in the waterfront residential community, underscoring Marjan’s commitment to enhancing the emirate’s real estate landscape.
Mira Coral Bay comprises multi-use properties developed in collaboration with various reputable lifestyle brands.
The partnership with Mira Developments marks a significant milestone for Marjan’s subsidiary, the RAK Dredging Company, which is developing Al Mairid into a unique destination with world-class infrastructure.
“At Marjan, we are committed to developing best-in-class properties that enhance the local topography and provide world-class facilities, befitting Ras Al Khaimah’s global stature in the real estate market.
“Mira Coral Bay is a unique offering representing our futuristic vision for the emirate’s evolution as an investment and tourism hub. Al Mairid is fast transforming into one of the emirate’s most desired destinations, and our partnership with Mira Developments will further boost the local economy while setting new standards in luxury living in the suburbs.”
Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan
With a masterplan by Marco Casamonti & Partners/Archea Associati, a studio with over 200 architectural works worldwide, including the Antinori Winery in Italy and the Li Ling World Ceramic Art City in China, Mira Coral Bay is poised to turn into a landmark destination.
Each property at Mira Coral Bay will ensure the highest standards of luxury, design and service. Located just 10 minutes from Downtown Ras Al Khaimah, it will offer residents and visitors quick access to the emirate’s vibrant city life, while offering a waterfront retreat.
Mira Coral Bay features a 5-star branded spa hotel with 100 keys, a resort hotel featuring 250 rooms, a state-of-the-art yacht club, and two exclusive branded beach clubs.
The development will also have six clusters of villas comprising 165 units, two clusters of townhouses with 128 units, four clusters of apartments totalling 650 units, and 10 premium branded restaurants.
The mixed-use development will include underground parking and scenic walkways, with a unique architecture that incorporates the environment and outdoor facilities.
“We are honoured to be a part of this transformative project. Our vision for Mira Coral Bay is to create a waterfront master development that exemplifies luxury and sophistication, offering residents and visitors an exceptional lifestyle experience rooted in the DNA of world-leading brands.”
Tamara Getigezheva, Co-founder, Mira Group
