Marjan, a master developer of freehold properties in Ras Al Khaimah, has recently announced the launch of Mira Coral Bay, a new large-scale waterfront project in the Al Mairid area. This ambitious project, developed in partnership with Mira Developments, aims to redefine Al Mairid as an investment and tourism hub. The project highlights Marjan’s commitment to enhancing the real estate landscape of the emirate and offers a mix of multi-use properties developed in collaboration with prestigious lifestyle brands.
The partnership with Mira Developments represents a significant milestone for Marjan’s subsidiary, the RAK Dredging Company, as they work towards creating a unique destination with world-class infrastructure in line with Ras Al Khaimah’s vision of becoming a leading tourism and investment magnet in the region. Marjan’s CEO, Arch. Abdulla Al Abdouli, emphasizes the company’s dedication to developing best-in-class properties that enhance the local topography and provide world-class facilities to elevate Ras Al Khaimah’s status in the real estate market.
Mira Coral Bay is set to become a landmark destination in Ras Al Khaimah, attracting investors, residents, and tourists from around the globe. Each property in the development will uphold the highest standards of luxury, design, and service, thanks to collaborations with world-leading lifestyle brands. The masterplan for Mira Coral Bay, designed by Marco Casamonti & Partners / Archea Associati, is expected to create a serene waterfront retreat just 10 minutes from Downtown Ras Al Khaimah, offering residents and visitors unrivaled access to the emirate’s vibrant city life.
The project will feature a five-star branded spa hotel, a resort hotel, a state-of-the-art yacht club, two exclusive branded beach clubs, clusters of villas, townhouses, apartments, and premium branded restaurants. With underground parking and scenic walkways, the development combines unique architecture with outdoor facilities that cater to the comfort of pedestrians. Mira Coral Bay is aligned with RAK Vision 2030, aimed at revitalizing the local economy, boosting tourism development prospects, creating job opportunities, and redefining the luxury lifestyle in Ras Al Khaimah.
Mira Group’s co-founder, Tamara Getigezheva, expresses her excitement to be part of this transformative project, aiming to create a waterfront master development that exudes luxury and sophistication. The partnership with Mira Developments is set to elevate Al Mairid into one of Ras Al Khaimah’s most desired destinations, setting new standards in luxury living in the region. Mira Coral Bay’s unique offerings showcase a futuristic vision for the emirate’s evolution, further boosting the local economy and enhancing the overall lifestyle experience for residents and visitors.
