Mira Coral Bay 1BR Apartment in Al Mairid — Move-In Ready Value

A 1-bedroom apartment spanning 850 sq ft in Mira Coral Bay — beachfront positioning in Al Mairid, Ras Al Khaimah, with a 50/50 post-handover payment plan stretching three years beyond completion

This unit in Mira Coral Bay by Mira Developments sits within a branded waterfront cluster of 14 buildings on Al Mairid’s first coastline — one of Ras Al Khaimah’s most actively developing coastal addresses. At 850 sq ft, the one-bedroom layout offers an efficient and well-proportioned format that performs well as a rental asset. For investors looking at UAE real estate with a long-term income strategy, the combination of an off-plan entry price, a deferred payment structure, and RAK’s growing appeal to both tourists and expatriates makes this a compelling case.

Unit highlights — 850 sq ft on the waterfront

— one-bedroom layout with clearly defined living, sleeping and kitchen zones;
— 850 sq ft of usable area offering genuine comfort without excess;
— first-line beachfront building within the Mira Coral Bay cluster;
— off-plan status — priced ahead of projected appreciation toward handover.

Mira Coral Bay amenities

— direct access to the waterfront promenade and coastal zone;
— 14 branded residential buildings forming a single luxury cluster;
— resort-level service standards throughout the development;
— communal lounge and leisure spaces shared across the cluster.

Architecture and concept

Mira Coral Bay is positioned as a first-of-its-kind branded waterfront residential cluster on the RAK coastline. Fourteen buildings are designed as a unified architectural ensemble, with each structure reflecting a refined coastal aesthetic — clean volumes, considered proportions, and a deliberate dialogue between built form and the sea. The project sets a new benchmark for luxury living in Ras Al Khaimah.

About the developer

Mira Developments is a UAE-based developer focused on premium branded residential projects, with a track record in resort-style living concepts across the Emirates.

Payment plan

The 50/50 post-handover scheme breaks down as follows:
— 10% — on booking;
— 45% — during construction;
— 5% — on key handover;
— 50% — over three years post-handover.
Completion is scheduled for 2029.

Location — Al Mairid, Ras Al Khaimah

— 10 minutes to Ras Al Khaimah city centre;
— 25 minutes to RAK International Airport;
— 45 minutes to Dubai International Airport (DXB);
— approximately 50 minutes to Dubai Marina and JBR.

FAQ

What makes this apartment particularly attractive as an investment?
— Beachfront positioning within a branded luxury cluster, combined with an off-plan entry price, creates meaningful capital appreciation potential ahead of the 2029 handover. Al Mairid is one of RAK’s designated growth corridors.

How does this unit perform in the rental market?
— A 1-bedroom beachfront apartment of this size typically attracts both short-term holidaymakers and longer-stay expats. RAK’s expanding tourism infrastructure and improving connectivity continue to support rental demand in premium coastal locations.

What is the advantage of the 50% post-handover structure?
— It allows investors to enter at a low initial outlay, then service the remaining balance through rental income after handover — one of the most investor-friendly payment models available in the UAE today.

When is the project scheduled for completion?
— Mira Coral Bay is set to be handed over in 2029.

Can I receive an investment breakdown and rental yield projections?
— Yes. We can provide a full financial model, comparable market data, and current pricing details for Al Mairid upon request.

Enquire via the form on this page to receive current pricing, a rental yield projection and a full investment pack for this 850 sq ft apartment in Mira Coral Bay.