Mira Coral Bay Studio Apartment in Al Mairid — High-Demand Rental Location

A 40 m² studio in Mira Coral Bay — a well-planned compact unit on Ras Al Khaimah’s waterfront with a post-handover payment plan spread over three years

At 431 sq ft, this studio in Mira Coral Bay is built around one straightforward principle: every square foot earns its place. No wasted hallways, no oversized zones sitting idle — just a layout that works. Developed by Mira Developments on the Al Mairid shoreline, the project is positioned as a rare waterfront opportunity in Ras Al Khaimah, with one of the most investor-friendly payment structures available in the emirate. Buying off-plan here means locking in an early entry price with 50% of the cost payable after handover.

Studio highlights — 40 m² / 431 sq ft

— open-plan layout with flexible living and sleeping zones;
— efficient 40 m² footprint designed to maximise usable space;
— off-plan status with handover scheduled for 2029.

Mira Coral Bay amenities

— 14 branded residential buildings within a single waterfront cluster;
— resort-grade infrastructure throughout the development;
— direct beach access along the Al Mairid coastline.

Architecture and concept

Mira Coral Bay is presented as the world’s first luxury branded waterfront residential cluster of its kind in Ras Al Khaimah. Fourteen buildings are unified under one master plan along the Al Mairid shoreline, with architecture and service standards aligned with globally recognised luxury branded residence concepts.

About the developer

Mira Developments is a UAE-based developer focused on premium and resort-style real estate in sought-after coastal locations across the Emirates.

Payment plan

A 50/50 structure with post-handover instalments applies:
— 10% — on booking;
— 45% — during construction;
— 5% — on handover;
— 50% — over 3 years post-handover.
Handover — 2029.

Location — Al Mairid, Ras Al Khaimah

— approx. 10 minutes to Ras Al Khaimah city centre;
— 30 minutes to Ras Al Khaimah International Airport;
— approx. 45 minutes to Dubai International Airport (DXB);
— direct access to the Al Mairid waterfront promenade.

FAQ

How is the 40 m² space organised in this studio?
— The open-plan layout eliminates unnecessary partitions, allowing residents to define living, sleeping and working areas according to their own preferences — a practical approach common in high-quality compact coastal units across the UAE.

What does “first line” mean for this project?
— Mira Coral Bay sits directly on the Al Mairid shoreline, giving residents unobstructed access to the waterfront without crossing roads or navigating through third-party land.

Why does the 50/50 post-handover plan work well for investors?
— Half the purchase price is paid after you receive the keys, spread across three years. This reduces capital pressure during construction and creates a window to generate rental income before the balance is settled.

Is this studio a viable rental investment?
— Ras Al Khaimah’s coastal corridor is seeing consistent demand from short-term visitors and long-term residents alike, driven by the emirate’s expanding tourism infrastructure. Compact studio units in beachfront clusters tend to attract strong occupancy in this segment.

When is handover expected?
— The project is scheduled for completion and key handover in 2029.

Enquire via the form on this page to receive current pricing, floor plans and an investment breakdown for the 40 m² studio in Mira Coral Bay.