Marjan Unveils Landmark Beachfront Project with Mira Developments in Ras Al Khaimah’s Al Mairid Area

15 Aug, 2024: Marjan, the master developer of freehold properties in Ras Al Khaimah, has unveiled Mira Coral Bay, a landmark waterfront project in the Al Mairid area. Developed in collaboration with Mira Developments, known for its branded property portfolio, this expansive mixed-use development aims to elevate Al Mairid’s standing as a premier investment and tourism destination. Mira Coral Bay, distinguished by its unique architecture and facilities inspired by the natural beauty of coral, represents a significant investment in the emirate’s waterfront residential community, reinforcing Marjan’s dedication to enhancing Ras Al Khaimah's real estate landscape.

The project features a variety of multi-use properties created in partnership with esteemed lifestyle brands. This collaboration with Mira Developments is a major achievement for Marjan’s subsidiary, RAK Dredging Company, as it continues to transform Al Mairid into a world-class destination with state-of-the-art infrastructure, aligning with Ras Al Khaimah’s vision of becoming a leading hub for tourism and investment in the region.

Mira Coral Bay, master planned by the renowned architectural firm Marco Casamonti & Partners / Archea Associati, known for iconic projects like the Antinori Winery in Italy and Li Ling World Ceramic Art City in China, is set to become a landmark destination in Ras Al Khaimah. This development is designed to attract discerning investors, residents, and tourists from around the world.

Located just 10 minutes from Downtown Ras Al Khaimah, Mira Coral Bay offers a serene waterfront retreat with easy access to the emirate's vibrant city life. The development includes properties created in collaboration with leading lifestyle brands, ensuring the highest standards of luxury, design, and service. 

Key features of Mira Coral Bay include a 5-star branded spa hotel with 100 keys, a resort hotel with 250 rooms, a state-of-the-art yacht club, two exclusive branded beach clubs, and 10 premium branded restaurants. The residential component comprises six clusters of villas with 165 units, two clusters of townhouses with 128 units, and four clusters of apartments totaling 650 units. The mixed-use development also includes underground parking, scenic walkways, and architecture that harmonises with the natural environment, offering both beauty and pedestrian comfort.

Aligned with RAK Vision 2030, Mira Coral Bay is poised to boost the local economy and elevate Ras Al Khaimah’s business and tourism development. This ambitious project marks a new chapter for Marjan, establishing Al Mairid as a futuristic residential and leisure destination that will create job opportunities and redefine luxury living in the emirate.