Mira Coral Bay: Transforming Ras Al Khaimah into a Global Investment and Tourism Hub
Ras Al Khaimah, the fourth largest Emirate after Abu Dhabi, Dubai and Sharjah, is rapidly positioning itself as one of the most promising destinations for real estate investment and tourism within the United Arab Emirates.
Known for its scenic landscapes, the emirate is now taking centre stage with large-scale projects highlighting its ambitions to become a leading investment and tourism hub. Among the key developments driving this transformation is Mira Coral Bay, a landmark mixed-use waterfront community in the Al Mairid area.
Mira Coral Bay represents a significant investment in Ras Al Khaimah’s real estate and tourism sectors. The project, developed by Mira Developments and Marjan, integrates residential, hospitality, and leisure elements, offering a unique proposition for both investors and visitors. As Ras Al Khaimah continues to attract attention for its growing infrastructure and development plans, Mira Coral Bay follows the emirate’s vision to redefine luxury living while staying true to its natural environment.
The project is situated just 10 minutes from Downtown Ras Al Khaimah, providing residents and tourists with convenient access to the emirate’s urban offerings while allowing them to retreat to the tranquillity of a waterfront community. Mira Coral Bay is poised to become a destination of choice for those seeking a high-quality lifestyle in a serene setting.
The development features a five-star branded spa hotel with 100 keys, a resort hotel with 250 rooms, a state-of-the-art yacht club, and two exclusive branded beach clubs. In addition to these offerings, there are six clusters of villas comprising 165 units, two clusters of townhouses with 128 units, four clusters of apartments totalling 650 units, and 10 premium branded restaurants.
The architectural design by Marco Casamonti & Partners/Archea Associati reflects a commitment to blending luxury with the natural beauty of Ras Al Khaimah. Mira Coral Bay’s master plan embraces the emirate’s coastal and mountainous landscape, creating a space that harmonises with its surroundings while offering world-class amenities.
As part of RAK Vision 2030, projects like Mira Coral Bay are expected to play a crucial role in revitalising the local economy. This includes boosting tourism numbers, creating job opportunities, and contributing to the emirate’s long-term economic growth.
Unlike some of its more established neighbours, Ras Al Khaimah provides a balance of investment potential and lifestyle benefits with competitive market prices. Its ability to offer luxury living in a naturally beautiful environment, combined with the emirate’s focus on high-quality infrastructure and tourism development, makes it an increasingly attractive destination for discerning investors.
