01
Al Mairid, Ras Al Khaimah, UAEPart of Mira Coral Bay↗
Richmond Residences, Mira Coral Bay
Fully furnished branded apartments with interiors by John Richmond
Apartments from
AED 550,000 / USD 150,000
Area from
40.07 m² / 431 ft²
Project Overview
Interiors by John Richmond in Every Apartment
Each of the 293 apartments at Richmond Residences, Mira Coral Bay is handed over furnished to a specification set by the British house John Richmond, with Italian-made furniture, lighting, appliances, kitchen equipment and tableware installed before the keys are issued.
- Class
- Branded residences
- Brand partner
- John Richmond
- Community
- Mira Coral Bay
- Developer
- Mira Developments
- Buildings
- Residential building, G+9
- Total apartments
- 293
- Unit types
- Studios, 1, 2 and 3-bedroom apartments and duplexes
- Area from
- 40.07 m² / 431 ft²
- Ceiling height
- Up to 3.4 m / 11 ft
- Handover
- Q1 2029
- Payment plan
- 50/50
Amenities & Facilities
Amenities
02
Concierge desk
03
Residents' swimming pool
04
Kids' pool
05
Separate gyms for men and women
06
Residents' lounge and café
07
Restaurant
08
Valet parking, butler and housekeeping
09
Private beach
10
Two branded beach clubs and yacht club
Get the Richmond Residences Investment Pack
Leave your details to receive current pricing, layout parameters, the full payment schedule and the John Richmond furnishing specification for Richmond Residences, Mira Coral Bay.
What's inside?
- Available residences
- Prices, payment plans & floor plans
- Master plan, amenities & location overview
- Freehold ownership, residency & investment potential
Part of Mira Coral Bay
Richmond Residences is the first collection released at Mira Coral Bay
Mira Coral Bay is a 220,000 m² / 2,368,058 ft² waterfront community in Al Mairid built by Mira Developments with Marjan, planned around 14 global luxury brands across 101 villas and townhouses and more than 800 apartments. Richmond Residences is the first of those collections to open for sale, and owners in the building draw on the whole master plan: the private beach, two branded beach clubs, the yacht club, four five-star resorts, 10 branded restaurants, the retail promenade, the contemporary art gallery and the car-free upper level.
Gallery
About the Project
Richmond Residences, Mira Coral Bay: A London Fashion House on the Al Mairid Shoreline
Richmond Residences is the first collection released within Mira Coral Bay, developed by Mira Developments together with the British house John Richmond. One G+9 building holds 293 apartments across 16 layouts, running from studios to three-bedroom duplexes, each furnished by the brand and served by an amenity floor of its own above the lobby.
01
John Richmond, from London Tailoring to Al Mairid
John Richmond opened in London during the 1980s and made its name where music and street culture met couture, a combination the house still trades on. At Richmond Residences the brand sets the interior language across all 293 apartments: proportions, materials, joinery, décor and finishing textures follow one specification instead of being assembled unit by unit. Owners hold a design identity tied to a recognised name, which reads clearly at resale and separates the stock from unbranded competition in the same district.
02
Turnkey Handover Down to the Tableware
Apartments at Richmond Residences arrive complete. Italian-made furniture, lighting, kitchen equipment, appliances, linens, tableware and high-grade finishing materials are installed ahead of handover, so the home functions from the day keys change hands. No design brief needs writing, no contractor needs appointing, and no months-long gap sits between completion and the first night spent in the apartment.
03
Studios and One-Bedroom Apartments
Studios at Richmond Residences run from 40.07 m² / 431 ft² to 45.32 m² / 488 ft² on a single layout, and the building holds 210 of them. One-bedroom apartments span 79.37 m² / 854 ft² to 99.74 m² / 1,074 ft² across six layouts, with 54 units released. Between them these two formats account for 264 of the 293 apartments and set the entry price at AED 550,000 / USD 150,000.
04
Two and Three-Bedroom Apartments and Duplexes
Larger homes at Richmond Residences are deliberately scarce. Six two-bedroom apartments of 131.07 m² / 1,411 ft² sit alongside 12 two-bedroom duplexes from 167.79 m² / 1,806 ft², eight three-bedroom apartments from 167.76 m² / 1,806 ft², and three three-bedroom duplexes reaching 333.23 m² / 3,587 ft². Twenty-nine homes in the building carry two bedrooms or more, across 10 of the 16 layouts.
05
An Amenity Floor Inside the Building
Level 1 at Richmond Residences carries the swimming pool for residents, a kids' pool and two gyms, one for men and one for women, both fitted out by Technogym. The ground floor opens through a double-height branded lobby with a concierge desk, and holds the residents' lounge, the café and the restaurant. These facilities belong to the building itself and sit apart from the beach clubs, resorts and yacht club shared across Mira Coral Bay.
06
Hotel-Level Service as Standard
Concierge, butler, valet parking and housekeeping run at Richmond Residences the way they do in a five-star hotel, backed by in-residence dining, 24/7 security and property management across the community. Requests, deliveries and repairs are handled by the operator, which keeps the apartment working whether the owner is in Ras Al Khaimah or abroad.
07
Ceilings to 3.4 m, Smart Home and Five-Year Mira Care Cover
Ceilings at Richmond Residences reach 3.4 m / 11 ft and glazing runs full height, carrying daylight deep into the plan. Smart home control and energy-efficient building systems are fitted as standard. After completion, Mira Care covers the building for five years across structural elements, core systems, MEP installations, lighting and paintwork, with loose furniture warrantied for three years. Mira Developments was the first developer in the United Arab Emirates to make a programme of that length standard.
The Residences
Studio
- Starting price
- From AED 550,000 / USD 150,000
- Total area
- Total 40.07 to 45.32 m² / 431 to 488 ft²
- Released
- 210 units · 1 layout
Layout drawings for the 16 plans at Richmond Residences, Mira Coral Bay are released on request. Tell Park Lane which formats and price band interest you, and the relevant plans follow by email or on the phone number you leave.
Al Mairid, Ras Al Khaimah, UAE
Richmond Residences Location
Richmond Residences occupies the Al Mairid shoreline on the northern edge of Ras Al Khaimah city, with the Hajar mountains rising behind the coast. The beach belongs to the community and lies at the foot of the building rather than a drive away. Downtown Ras Al Khaimah is 10 minutes inland, which keeps schools, offices and everyday retail close while the address itself holds low density and open water views. Al Marjan Island and the Wynn resort under construction there sit 20 minutes down the coast, Al Hamra Golf Club the same, and Ras Al Khaimah International Airport 25 minutes to the south. Sharjah is an hour away by road and Dubai an hour and a half.
- Private beach
- 0 min
- Downtown Ras Al Khaimah
- 10 min
- Al Marjan Island and Wynn Al Marjan Island
- 20 min
- Al Hamra Golf Club
- 20 min
- Ras Al Khaimah International Airport
- 25 min
- Sharjah
- 1 hr
- Dubai
- 1 hr 30 min
Drive times are indicative and measured off-peak.
Inna Liashenko
CEO & Founder, Park Lane
Consultation
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Leave your details, and a property advisor will help you compare the available formats at Richmond Residences, Mira Coral Bay and guide you through the purchase process.
Investment Appeal
Investment Appeal of Richmond Residences, Mira Coral Bay
Richmond Residences enters Ras Al Khaimah while prime pricing is still repricing upward, the first casino resort in the United Arab Emirates is under construction 20 minutes away, and half the purchase price falls due only after handover in Q1 2029.
01
Wynn, the Casino Licence and Visitor Growth
Wynn Al Marjan Island opens in September 2027 as a USD 5.7 billion resort of 1,530 keys carrying the first casino licence issued in the United Arab Emirates, 20 minutes from Richmond Residences. Ras Al Khaimah handled 1.35 million visitors in 2025 and works towards 3.5 million a year by 2030, with hotel keys across the emirate scheduled to climb from around 8,500 to 18,500. Completion in Q1 2029 lands the building into a market with that resort already open.
02
Prime Pricing and the Post-Handover Half
Prime apartment prices in Ras Al Khaimah rose 32% during 2025 to a record AED 2,428 per sq ft, and the emirate still trades below Dubai on the same measure. Entry at Richmond Residences begins at AED 550,000 / USD 150,000, and half of any purchase price is settled across the three years that follow completion rather than before it. Because apartments are furnished at handover, owners face no fit-out window between completion and first tenancy.
03
Freehold Title, Golden Visa and Five-Year Cover
Overseas buyers hold title in perpetuity at Richmond Residences, with no property tax and no capital gains tax applied in the United Arab Emirates. A purchase of AED 2 million or more may open the UAE 10-year Golden Visa, subject to the requirements in force at the time, which at launch pricing reaches the two-bedroom duplexes, three-bedroom apartments and three-bedroom duplexes. Mira Care then covers the building for five years, absorbing maintenance costs that usually bite into early-year returns.
Payment
Payment Plan and Handover at Richmond Residences, Mira Coral Bay
50 / 50 · Handover Q1 2029
Richmond Residences, Mira Coral Bay is sold on a 50/50 structure. Half the price is spread across the construction period and settled by completion, and the balance runs in instalments through the three years that follow.
50% through construction
| % | Stage | Date |
|---|---|---|
| 10% | Down payment | On booking |
| 10% | 2nd payment | 1 month after booking |
| 5% | 3rd payment | 6 months after booking |
| 5% | 4th payment | 12 months after booking |
| 5% | 5th payment | 18 months after booking |
| 5% | 6th payment | 24 months after booking |
| 5% | 7th payment | 28 months after booking |
| 5% | 8th payment | On handover, Q1 2029 |
50% across three years after handover
| % | Date |
|---|---|
| 5% | 3 months after handover |
| 5% | 6 months after handover |
| 4% | 9 months after handover |
| 4% | 12 months after handover |
| 4% | 15 months after handover |
| 4% | 18 months after handover |
| 4% | 21 months after handover |
| 4% | 24 months after handover |
| 4% | 27 months after handover |
| 4% | 30 months after handover |
| 4% | 33 months after handover |
| 4% | 36 months after handover |
About the Developer
Mira Developments
Mira Developments is known for delivering branded, fully furnished homes in collaboration with leading lifestyle names, including Bentley Home, ETRO Home, ELIE SAAB, Jacob & Co., Trussardi, John Richmond and Gianfranco Ferré Home. Whether a high-rise residence or an ultra-luxurious villa in a gated community, each Mira Developments property is turnkey-ready. From designer interiors and premium household appliances to hotel-style services, every detail is thoughtfully considered.
About the Agency
Buy Richmond Residences, Mira Coral Bay with Park Lane
Park Lane Premium Properties is a Dubai-based luxury real estate agency with ten years of market experience and approximately USD 700 million in annual closed deals. The agency works with more than 150 developers across the UAE, Oman and the Maldives and provides clients with access to both publicly available and off-market property opportunities.
What Park Lane does for buyers
Access to available and off-market units
Park Lane works with more than 100 property offers that are not listed on public platforms and assists clients with unit selection during early sales stages.
Advice in your language
The team works in English, Arabic, Russian, French, German, Hindi, Malayalam and Tamil, covering both off-plan and secondary-market transactions.
Support throughout the transaction
Park Lane assists with negotiation, documentation, payment schedules and handover coordination, as well as related property management and administrative matters.
International property showcases
The agency organises twice-monthly exhibitions featuring projects from more than 100 developers and opportunities to meet developer representatives directly.
>150
Trusted developers
$700M
Annual closed deals
10
Years of expertise
>100
Unique offers
Talk to a broker who knows the project
Tell us which format you are considering, and the Park Lane team will help you review the available apartments at Richmond Residences, Mira Coral Bay.
FAQ
All your questions, answered
Richmond Residences is the first collection released at Mira Coral Bay, the multi-branded waterfront community in Al Mairid, Ras Al Khaimah. Mira Developments built it with the British house John Richmond as a single G+9 building of 293 furnished apartments arranged across 16 layouts.
Yes. John Richmond, the London label founded in the 1980s, specifies the interiors of every apartment at Richmond Residences, covering furniture, materials, joinery, décor and finishing textures. The house sets the design language for the building rather than lending a name to it, and Mira Coral Bay as a whole is planned around 14 luxury brands.
Richmond Residences sits on the Al Mairid waterfront on the northern side of Ras Al Khaimah city. The private beach is on site, downtown Ras Al Khaimah is 10 minutes by car, Al Marjan Island and Ras Al Khaimah International Airport 20 and 25 minutes respectively, and Dubai an hour and a half.
Six formats are released at Richmond Residences: 210 studios, 54 one-bedroom apartments, six two-bedroom apartments, 12 two-bedroom duplexes, eight three-bedroom apartments and three three-bedroom duplexes. Sizes begin at 40.07 m² / 431 ft² and reach 333.23 m² / 3,587 ft².
Prices at Richmond Residences begin at AED 550,000 / USD 150,000 for a studio and AED 1,100,000 / USD 300,000 for a one-bedroom apartment. Two-bedroom apartments open at AED 1,750,000, three-bedroom apartments at AED 2,300,000, two-bedroom duplexes at AED 2,500,000 and three-bedroom duplexes at AED 3,500,000.
Yes. Every apartment at Richmond Residences is delivered furnished and equipped to John Richmond specification, with Italian-made furniture, lighting, kitchen equipment, appliances, linens and tableware installed before handover. The home is ready for immediate occupation, with no fit-out period and no furniture budget to plan around.
The plan at Richmond Residences is 50/50. Through construction, 10% is due on booking and 10% a month later, followed by 5% at six, 12, 18, 24 and 28 months and 5% on handover. The remaining half runs across three years after completion. Park Lane can walk you through the full schedule.
Handover at Richmond Residences is scheduled for Q1 2029 across every format. Apartments are furnished at that point, so the property can be occupied or let from the same week, while the post-completion instalments continue for a further three years.
The building holds a double-height branded lobby with concierge desk, a residents' swimming pool, a kids' pool and separate Technogym-equipped gyms for men and women, plus a residents' lounge, café and restaurant. Owners at Richmond Residences also use the private beach, two branded beach clubs, yacht club and resorts across Mira Coral Bay.
Concierge, butler, valet parking and housekeeping operate at Richmond Residences to hotel standard, alongside in-residence dining, 24/7 security and property management across the community. Requests, deliveries and maintenance are handled by the operator, which keeps the apartment functioning while the owner is away.
Richmond Residences carries Mira Care, a maintenance programme running five years from handover across structural elements, core building systems, MEP installations, lighting and paintwork, with loose furniture warrantied for three years. Mira Developments was the first developer in the United Arab Emirates to apply cover of that length as standard.
Yes. Mira Coral Bay is a joint venture with Marjan, the master developer of freehold property in Ras Al Khaimah, so overseas buyers at Richmond Residences take title in perpetuity, with no property tax and no capital gains tax in the United Arab Emirates. Purchases from AED 2 million may open the 10-year Golden Visa, subject to government requirements.
Mira Coral Bay is a 220,000 m² waterfront community by Mira Developments in Al Mairid, Ras Al Khaimah, built as a joint venture with Marjan and planned around 14 global luxury brands. The master plan covers 101 villas and townhouses, more than 800 apartments, four five-star resorts, two branded beach clubs and a yacht club.