Furnished Studio | Private Beach Access | EOI Open

Type

Apartment

Purpose

Sale

Furnishing

Furnished

Average Rent

AED 15,684 Yearly

Updated

27th August 2026

Completion Status

Off-Plan

Price: AED 550,000
Size: 431 sq. ft.
Location: Richmond Residences, Mira Coral Bay, Al Mairid, Ras Al Khaimah
Handover: Q2 2029
Payment Plan: 50/50 with three-year post-handover plan
EOI: AED 55,000

World’s First Multi-Branded Waterfront Community

Own a fully furnished branded studio at Richmond Residences, the first residential collection within Mira Coral Bay’s exceptional waterfront destination in Al Mairid.

Starting from only AED 550,000, this property offers an attractive entry into Ras Al Khaimah’s growing waterfront market, supported by a flexible payment plan extending for three years after handover.

Property Details

Fully furnished studio apartment
Size: 431 sq. ft.
Starting price: AED 550,000
Interiors inspired by British fashion designer John Richmond
Contemporary branded design
Five-star hotel-level services
50/50 payment plan
Three-year post-handover payment plan
Expected handover: Q2 2029
Suitable for investment, holiday letting or personal use

EOI Collection Now Open

Secure an opportunity for priority unit allocation by submitting an AED 55,000 EOI deposit.

EOI deposit: AED 55,000
The deposit will be applied toward the 10% first instalment after signing the Reservation Form or SPA
Unit allocation is subject to availability and the developer’s final approval
If the buyer does not accept the allocated unit, the deposit will be refunded within 14 days, minus applicable remittance charges
The EOI is non-transferable
Terms and conditions apply

Payment Plan

10% down payment
10% one month after booking
5% six months after booking
5% twelve months after booking
5% eighteen months after booking
5% twenty-four months after booking
5% thirty months after booking
5% upon handover
Remaining 50% paid over three years after handover

Mira Care Warranty

Enjoy valuable protection through the Mira Care warranty:

Five-year warranty on structural elements and core building systems
Coverage for MEP installations, lighting, paintwork and fixtures
Three-year warranty on loose furniture

Why Mira Coral Bay Is Special

Mira Coral Bay is a complete master-planned waterfront destination rather than an ordinary apartment development. It brings branded residences, luxury hospitality, private beaches, restaurants, retail and leisure facilities together within one community.

Premium Amenities

Private sandy beaches
Luxury yacht club
Five-star hotels and resorts
Exclusive beach clubs
Separate gym spaces
Kids’ swimming pool
Lobby café
Concierge service
Professional housekeeping
Valet parking
Fine-dining restaurants
Retail and wellness facilities
Art gallery

Prime Al Mairid Location

Approximately 10 minutes from Downtown Ras Al Khaimah
Approximately 20 minutes from Al Marjan Island and Wynn Resort
Approximately 20 minutes from Al Hamra Golf Club
Approximately 25 minutes from RAK International Airport
Approximately one hour from Sharjah
Approximately 90 minutes from Dubai

An excellent opportunity for investors seeking a fully furnished branded waterfront property with an accessible starting price and extended post-handover payment plan.

Contact us today for availability, floor plans and EOI registration.

Posted on: 27th August 2026