Project Overview
The debut of Mira Coral Bay, a new, expansive beachfront project in the Al Mairid area, has been announced by Marjan, the master developer of freehold homes in Ras Al Khaimah. Developed in partnership with Mira Developments, this ambitious project is a mixed-use destination redefining Al Mairid’s status as an investment and tourism hub. Mira Coral Bay is a considerable investment in the waterfront residential society, highlighting Marjan’s commitment to enriching the emirate’s real estate geography.
Partnership and Vision
Mira Coral Bay comprises multipurpose buildings created with several respectable lifestyle businesses. For Marjan’s subsidiary, the RAK Dredging Company, which is building Al Mairid into a distinctive destination with top-notch infrastructure in keeping with Ras Al Khaimah’s goal of becoming a central regional hub for investment and tourism, the partnership with Mira Developments represents a significant turning point.
Executive Statements
“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 Madrid 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,” said Arch. Abdulla Al Abdouli, CEO, Marjan.
“We are honored to be a part of this transformative project,” stated Tamara Getigezheva, co-founder of Mira Group. “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.“
Design and Architecture
With a master plan designed by Marco Casamonti & Partners / Archea Associati, a studio that has completed over 200 architectural projects worldwide, including the Li Ling World Ceramic Art City in China and the Antinori Winery in Italy, Mira Coral Bay is set to become a well-known Ras Al Khaimah destination that draws discerning travelers, locals, and investors from all over the world.
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Project Features
The most significant levels of luxury, design, and service will be met by every Mira Coral Bay property, resulting from development partnerships with top lifestyle companies worldwide. Mira Coral Bay, which is only ten minutes from Ras Al Khaimah’s downtown, will provide guests and locals with unrivaled access to the energetic city life of the emirate while also serving as a tranquil beachfront haven.
A five-star branded spa hotel with 100 keys, a 250-room resort hotel, a cutting-edge yacht club, and two private branded beach clubs are all located in Mira Coral Bay. A magnificent gem in the Al Mairid neighborhood, Mira Coral Bay will also have ten high-end, name-brand restaurants, two clusters of townhouses with 128 units each, four clusters of apartments totalling 650 units, and six clusters of villas totalling 165 units. Subterranean parking and picturesque walkways with distinctive architecture that integrates the surroundings and outdoor amenities while considering pedestrian comfort are features of the mixed-use complex. The master plan, juxtaposing a tranquil waterfront with imposing mountains, pays tribute to Al Mairid’s distinctive landscape.
Impact and Future Prospects
Mira Coral Bay is intended to stimulate the local economy and improve the emirate’s commercial and tourism growth possibilities in line with RAK Vision 2030. The ambitious project begins a new chapter for Marjan as the one-of-a-kind infrastructure and architecture positions Al Madrid as a futuristic residential and leisure destination that will unclose job prospects and redefine the opulence lifestyle in Ras Al Khaimah.
