Marjan, the master developer of freehold projects in Ras Al Khaimah, has announced the launch of Mira Coral Bay, a new mega project on the Al Muairidh waterfront. Developed in collaboration with Mira Real Estate Development, a leading real estate developer, the project is set to become a mixed-use destination that will re-establish Al Muairidh as a hub for investment and tourism.
Mira Coral Bay comprises mixed-use properties developed in collaboration with several prestigious lifestyle brands. The partnership with Mira Real Estate Development is a significant milestone for RAK Bulldozers, a subsidiary of Marjan, which is developing Al Muairidh as a unique destination with world-class infrastructure, in line with Ras Al Khaimah’s vision to provide a leading tourism and investment destination in the region.
Mira Coral Bay will feature a 100-room five-star hotel and spa, a 250-room resort hotel, a state-of-the-art yacht club and two exclusive beach clubs. The project is also considered a magnificent jewel that will adorn the Al Muairidh area, as it includes 6 villa clusters comprising 165 units, 2 townhouse clusters comprising 128 units, 4 apartment clusters totaling 650 units, and 10 luxury restaurants.
Eng. Abdullah Al Abdooli, CEO of Marjan, said: “At Marjan, we are committed to developing best-in-class properties that enrich the local landscape and provide world-class amenities that live up to Ras Al Khaimah’s global status in the real estate market. Mira Coral Bay offers unique offerings that embody our vision for the future of the emirate as a hub for investment and tourism. Al Muairidh is fast becoming one of the most prominent destinations in the emirate, and our partnership with Mira Real Estate Development will contribute to supporting the local economy and setting new standards for luxury living across the emirate.”
Tamara Gitjeva, Co-Founder of Mira Group, said: “We are honoured to be part of this transformational project. Our vision for Mira Coral Bay is to create a premier beachfront development that embodies luxury and sophistication, offering residents and visitors an exceptional lifestyle experience rooted in the identity of the world’s leading brands.”
The Mira Coral Bay masterplan was designed by Marco Casamonti & Partners / Arkia Associates, responsible for developing over 200 architectural projects worldwide.
Developed in collaboration with global lifestyle brands, each property at Mira Coral Bay will ensure the highest standards of luxury, design and service. Mira Coral Bay is located just 10 minutes from Ras Al Khaimah’s city centre, providing residents and visitors with unparalleled access to the emirate’s vibrant city life, while also providing a tranquil waterfront retreat.