Richmond Residences, Mira Coral Bay

Richmond Residences at Mira Coral Bay, Ras Al Khaimah

Richmond Residences at Mira Coral Bay is a new collection of branded waterfront residences in Ras Al Khaimah, UAE, developed by ميرا للتطوير in collaboration with British fashion designer John Richmond.

Located within Mira Coral Bay in Al Mairid, the development introduces John Richmond’s distinctive design language to a collection of 293 fully furnished waterfront homes, complemented by private beaches, hotel-style services and an extensive range of lifestyle amenities.

With prices starting from 550,000 درهم إماراتي, a flexible 50/50 payment plan and payments extending for three years after handover, Richmond Residences offers an accessible entry point into Ras Al Khaimah’s growing branded-residence and waterfront property market.

Richmond Residences at a Glance

• Project: Richmond Residences, Mira Coral Bay
• المطور ميرا للتطوير
• Brand: John Richmond
• الموقع: Al Mairid, Ras Al Khaimah, UAE
• نوع العقار: Branded waterfront residences
• إجمالي المساكن: 293
• أنواع الوحدات: Studios, 1, 2 and 3-bedroom apartments
• Duplexes: 2 and 3-bedroom duplex residences
• Starting Size: Approximately 40 sqm
• السعر المبدئي: 550,000 درهم إماراتي
• تأثيث: مفروشة بالكامل
• خطة الدفع: 50/50
• Post-Handover Payment Period: 3 years
• Expected Handover: الربع الثاني 2029

About Richmond Residences at Mira Coral Bay

Richmond Residences brings the creative identity of John Richmond into the world of branded real estate.

Known for his contemporary British fashion aesthetic and distinctive approach to design, John Richmond’s creative vision is reflected throughout the residences, combining expressive details with sophisticated modern interiors.

The project includes only 293 residences, ranging from compact studios to spacious three-bedroom duplexes.

Every property is delivered fully furnished, allowing buyers to acquire a turnkey waterfront residence without having to separately manage furnishing, kitchen equipment or interior fit-out.

Residents benefit from a combination of private residential amenities and the wider facilities available throughout the Mira Coral Bay master community.

Fully Furnished Residences by John Richmond

One of the major advantages of buying property at Richmond Residences is its fully furnished concept.

Each residence is designed as a complete turnkey home and includes:

• Italian-made furniture
• Designer lighting
• مطابخ مجهزة بالكامل
• Kitchen appliances
• Linens
• Tableware
• Contemporary branded interiors

The interiors combine John Richmond’s recognizable creative identity with a practical approach suitable for both permanent residences and investment properties.

For overseas investors in particular, the turnkey concept can make property ownership considerably simpler.

Property Types at Richmond Residences

Richmond Residences offers a wide range of layouts suitable for investors, couples and families.

Studios

Studios represent the most accessible entry point into Richmond Residences, with prices starting from approximately 550,000 درهم إماراتي.

They can be particularly attractive to investors looking for smaller-ticket waterfront properties within a branded master development.

شقق بغرفة نوم واحدة

One-bedroom apartments provide additional living space while maintaining the project’s fully furnished and serviced residential concept.

These units may appeal to professionals, couples and investors targeting the holiday-home or long-term rental market in Ras Al Khaimah.

شقق بغرفتي نوم

Two-bedroom residences provide larger layouts suitable for families, end users and investors seeking premium waterfront homes with more flexible living space.

شقق بثلاث غرف نوم

Three-bedroom residences are aimed at buyers looking for larger family homes within a luxury beachfront environment.

2 & 3 Bedroom Duplexes

For buyers looking for greater space and exclusivity, Richmond Residences also includes two-bedroom and three-bedroom duplex homes.

These properties combine larger floor plans with the branded interiors and hotel-style services available throughout the development.

Richmond Residences Payment Plan

Mira Developments offers a 50/50 payment plan for Richmond Residences.

Buyers pay 50% during the construction and handover period, while the remaining 50% can be paid over three years after handover.

The current payment structure includes:

• 10% – Down payment
• 10% – 1 month after booking
• 5% – 6 months after booking
• 5% – 12 months after booking
• 5% – 18 months after booking
• 5% – 24 months after booking
• 5% – 30 months after booking
• 5% – On handover

The remaining balance is then paid through post-handover instalments extending up to approximately 36 months.

This long payment period may make Richmond Residences particularly attractive to international investors who want to spread payments over several years.

Amenities at Richmond Residences

Residents will have access to an extensive collection of amenities designed around beachfront living and hospitality-style convenience.

Private Sandy Beaches

Residents can enjoy direct access to private sandy beaches within the Mira Coral Bay community, creating a genuine waterfront lifestyle.

حمامات السباحة

Dedicated swimming pools for adults and children provide recreational spaces for residents and families.

Technogym Fitness Facilities

The development includes dedicated fitness areas equipped by Technogym, with separate facilities designed to provide convenient access to high-quality training spaces.

خدمة الكونسيرج

Residents have access to concierge services designed to assist with everyday requirements and arrangements throughout the community.

خدمة صف السيارات

Hotel-style valet parking adds another level of convenience for residents and guests.

Housekeeping

Professional housekeeping services bring a hospitality element into everyday residential living.

Lobby Café

A stylish lobby café provides residents with a relaxed meeting and social space within the development.

Mira Coral Bay – A New Waterfront Destination in Ras Al Khaimah

Richmond Residences forms part of Mira Coral Bay, a major waterfront master community located in Al Mairid, Ras Al Khaimah.

Mira Coral Bay has been positioned as the world’s first multi-branded waterfront community, bringing together residential, hospitality, leisure, retail and entertainment components within one master development.

The wider masterplan is expected to feature:

• 14 global luxury lifestyle brands
• More than 800 apartments
• 101 villas
• Branded residences
• Five-star hotels and resorts
• Branded beach clubs
• شواطئ خاصة
• مطاعم راقية
• Cafés
• تجزئة
• Wellness facilities
• A branded yacht club
• Landscaped promenades
• Car-free pedestrian areas
• Contemporary art spaces

This wider master-community concept differentiates Richmond Residences from standalone residential towers in Ras Al Khaimah.

Location – Al Mairid, Ras Al Khaimah

Richmond Residences is located on the Al Mairid waterfront in Ras Al Khaimah, an area positioned between the coastline and the emirate’s dramatic mountain landscape.

Approximate driving times from Mira Coral Bay include:

• Downtown Ras Al Khaimah: 10 دقائق
• Al Marjan Island: 20 دقيقة
• Al Hamra Golf Club: 20 دقيقة
• Ras Al Khaimah International Airport: 25 دقيقة
• Sharjah: Approximately 1 hour
• دبي: Approximately 1 hour 30 minutes

Its waterfront location offers buyers an alternative to established areas such as Al Marjan Island while remaining within convenient reach of Ras Al Khaimah’s main tourism and lifestyle destinations.

Why Invest in Richmond Residences at Mira Coral Bay?

1. Branded Residences by John Richmond

Branded residences continue to represent an important segment of the UAE luxury property market.

Richmond Residences combines real estate with the creative identity of internationally recognised British fashion designer John Richmond, helping differentiate the project from conventional residential developments.

2. Waterfront Property in Ras Al Khaimah

Waterfront property remains one of the most sought-after categories within the UAE property market.

Richmond Residences benefits from its position inside a master-planned waterfront destination with private beaches, promenades and leisure facilities.

3. Attractive Starting Price

With residences starting from approximately 550,000 درهم إماراتي, the project provides a relatively accessible entry price for a branded waterfront residence in the UAE.

4. Fully Furnished Turnkey Properties

Every unit is sold fully furnished, reducing the additional cost and management required after handover.

This can be particularly useful for overseas investors planning to operate the property as a holiday home or rental investment.

5. Three-Year Post-Handover Payment Plan

Only 50% of the purchase price is payable during the construction and handover period.

The remaining 50% can be paid over three years following completion, creating a long-term payment structure for buyers.

6. Part of a Large Master Community

Richmond Residences is not an isolated development.

It forms part of Mira Coral Bay, which combines branded residences, hotels, private beaches, dining, retail, wellness and a yacht club within one destination.

7. Ras Al Khaimah’s Tourism Growth

Ras Al Khaimah has become one of the UAE’s fastest-developing tourism destinations.

According to Mira Developments, the emirate welcomed approximately 1.35 million overnight visitors in 2025 and is targeting 3.5 million annual visitors by 2030.

Growing tourism infrastructure, expanding hotel inventory and major hospitality developments may support future demand for residential and holiday properties across the emirate.

Mira Care Five-Year Warranty

Richmond Residences also benefits from Mira Care, Mira Developments’ property warranty programme.

The programme includes five-year coverage for specified core building systems, structural elements, MEP installations, lighting, paintwork and fixtures.

Loose furniture is covered for three years.

For investors purchasing an off-plan furnished property, this additional warranty provides another layer of protection following handover.

Is Richmond Residences Good for Investment?

Richmond Residences may be particularly suitable for investors looking for:

• An affordable entry into UAE branded residences
• Waterfront property in Ras Al Khaimah
• Fully furnished investment properties
• Holiday-home investment opportunities
• Long post-handover payment plans
• Branded properties with international recognition
• Properties within a large master-planned community
• Exposure to Ras Al Khaimah’s expanding tourism market

The combination of branded interiors, private beaches, five-star services and a large integrated masterplan gives the development characteristics that may appeal to both end users and international investors.

Richmond Residences vs Other Ras Al Khaimah Properties

While many recent Ras Al Khaimah developments are concentrated around جزيرة المرجان, Richmond Residences introduces another major waterfront destination in Al Mairid.

The key difference is the scale of the Mira Coral Bay concept.

Rather than focusing exclusively on residential property, the masterplan combines branded homes, five-star hospitality, beach clubs, a yacht club, restaurants, retail, wellness and pedestrian-focused public spaces.

For investors looking beyond individual residential buildings, this destination-style approach may offer additional long-term appeal.

Expected Handover

The expected completion and handover date for Richmond Residences at Mira Coral Bay is Q2 2029.

Because the project also offers three years of post-handover payments, buyers can continue paying instalments after receiving the completed property.

الأسئلة المتداولة

Where is Richmond Residences located?

Richmond Residences is located within Mira Coral Bay in Al Mairid, Ras Al Khaimah, UAE.

Who is the developer of Richmond Residences?

The project is developed by ميرا للتطوير.

Who designed Richmond Residences?

The residences are inspired by the creative vision of British fashion designer John Richmond.

What is the starting price of Richmond Residences?

Prices currently start from approximately 550,000 درهم إماراتي.

What property types are available?

The development offers studios, one, two and three-bedroom apartments, as well as two and three-bedroom duplex residences.

Are Richmond Residences fully furnished?

Yes. All residences are delivered fully furnished with Italian-made furniture, lighting, kitchen equipment, appliances, linens and tableware.

What is the Richmond Residences payment plan?

The project offers a 50/50 payment plan, with 50% payable during construction and the remaining 50% payable over three years after handover.

When will Richmond Residences be completed?

The expected handover is الربع الثاني 2029.

How many residences are there?

Richmond Residences comprises 293 fully furnished homes.

Does Richmond Residences have private beach access?

Yes. Residents will have access to private sandy beaches as part of the waterfront lifestyle offered at Mira Coral Bay.

Buy Property at Richmond Residences, Mira Coral Bay

Richmond Residences represents a new opportunity to purchase branded waterfront property in Ras Al Khaimah at an accessible starting price.

With fully furnished residences by John Richmond, private beaches, five-star services, a three-year post-handover payment plan and access to the wider Mira Coral Bay lifestyle destination, the project offers an interesting proposition for both investors and end users.

For current Richmond Residences prices, available units, floor plans, payment plans and investment opportunities, contact شركة تروهاوز العقارية to receive the latest availability and project information