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 Mira Developments 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 AED 550,000, 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
• Developer: Mira Developments
• Brand: John Richmond
• Location: Al Mairid, Ras Al Khaimah, UAE
• Property Type: Branded waterfront residences
• Total Residences: 293
• Unit Types: Studios, 1, 2 and 3-bedroom apartments
• Duplexes: 2 and 3-bedroom duplex residences
• Starting Size: Approximately 40 sqm
• Starting Price: AED 550,000
• Furnishing: Fully furnished
• Payment Plan: 50/50
• Post-Handover Payment Period: 3 years
• Expected Handover: Q2 2029

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
• Fully equipped kitchens
• 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 AED 550,000.

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

1 Bedroom Apartments

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.

2 Bedroom Apartments

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

3 Bedroom Apartments

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.

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.

Richmond Residences vs Other Ras Al Khaimah Properties

While many recent Ras Al Khaimah developments are concentrated around Al Marjan Island, 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.

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 Truhauz Real Estate to receive the latest availability and project information