Layout drawing on request
Studio
- Units
- 210
- Layouts
- 1
- Total
- 40.07 to 45.32 m² / 431 to 488 sq ft
- Starting price
- AED 550,000 / USD 150,000
Al Mairid, Ras Al Khaimah
Starting price: AED 550,000 / USD 150,000
Richmond Residences is the first collection released at Mira Coral Bay, the multi-branded waterfront community developed by Mira Developments in Al Mairid, Ras Al Khaimah. The project consists of one residential building of 9 levels above ground, holding 293 apartments in six formats, all delivered fully furnished with interiors by John Richmond. Every owner receives five-star hotel services as standard, and the building carries its own swimming pool, gyms, lounge, café and restaurant. Richmond Residences sits inside a 220,000 m² master plan that also holds four five-star resorts, two branded beach clubs, a yacht club and 10 branded restaurants.
John Richmond, the British fashion house established in London during the 1980s, provides the interior design language for Richmond Residences, Mira Coral Bay. The house built its name where music, street culture and couture meet, and that combination carries into the apartments through proportion, joinery, surface material and finishing texture. Every home is delivered with the full John Richmond package, covering branded loose furniture, lighting, kitchen equipment, appliances, linens and tableware.
Richmond Residences comprises a single G+9 block on the Mira Coral Bay waterfront. The ground floor holds the double-height branded lobby and its concierge desk alongside the residents' lounge, a café and a restaurant, while Level 1 carries the swimming pool, a kids' pool and separate gyms for men and women, both equipped by Technogym. Apartments occupy the nine levels above, with ceilings reaching 3.4 m / 11 ft and full-height glazing across the plans. Parking sits below the shared podium, which keeps the pedestrian level free of vehicle traffic.
Richmond Residences apartments are handed over complete, with John Richmond furniture, lighting, appliances, kitchen equipment and everyday essentials already installed. The handover package removes any fit-out period or additional spend between completion and first use, whether the owner intends to occupy or to let. Branded loose furniture carries a three-year warranty. The five-year Mira Care maintenance programme covers structural elements, core building systems, MEP installations, lighting and paintwork, the first cover of that length applied as standard by a developer in the United Arab Emirates.
Richmond Residences sits within Mira Coral Bay, a 220,000 m² branded waterfront community holding 101 villas and townhouses, more than 800 apartments, four five-star resorts among them a 100-key branded spa hotel and a 250-room resort hotel, two branded beach clubs, a yacht club, 10 branded restaurants, a waterfront retail promenade, a contemporary art gallery and a car-free upper level. All community amenities and services are open to Richmond Residences owners.
Layout drawings for the 16 plans at Richmond Residences are released on request, together with floor-by-floor availability and orientation.
Richmond Residences follows a 50/50 payment structure: 50% paid in eight instalments through construction, ending at handover, and 50% in nine instalments across the three years that follow.
A unit at Richmond Residences is secured with the 10% down payment on booking, followed by a further 10% one month later. Paragon Properties confirms availability by floor and orientation before booking and handles the documentation through to signature.
Residents'Swimming Pool
Separate Men's andWomen's Gyms
Double-HeightBranded Lobby
Residents' Loungeand Café
Concierge andButler Service
Valet Parkingand Housekeeping
Private BeachAccess
Two BrandedBeach Clubs
CommunityYacht Club
Car-FreeUpper Level
Richmond Residences occupies a waterfront position inside Mira Coral Bay, on the Al Mairid coast north of Ras Al Khaimah city, with the Hajar mountains rising inland. Beach access is on site. Downtown Ras Al Khaimah is 8 km away at roughly 10 minutes by car, Al Marjan Island and Wynn Al Marjan Island 20 km along the coast, and Ras Al Khaimah International Airport 25 km to the south.
Drive times are indicative and measured off-peak.
Ras Al Khaimah is the northernmost emirate of the United Arab Emirates and the one expanding its hospitality base fastest. Overnight visitors reached a record 1.35 million in 2025 against a target above 3.5 million a year by 2030, with hotel keys across the emirate planned to rise from roughly 8,500 towards 18,500 over the same period. Wynn Al Marjan Island opens in September 2027, 20 minutes along the coast from Al Mairid, bringing 1,530 rooms, suites and residences and the first casino licence granted in the country. Ras Al Khaimah International Airport, 25 minutes from Mira Coral Bay, carries direct routes across Europe, the CIS, India and the wider Gulf, with Dubai International Airport 45 minutes by road as a second gateway.
Richmond Residences offers freehold ownership from AED 550,000 / USD 150,000 with half the price payable across three years after handover, in an emirate where prime apartment values rose 32% during 2025.
Studios at Richmond Residences open at AED 550,000 / USD 150,000, and 50% of any purchase price falls due across the three years following completion rather than before it, which moves a large share of the commitment past the point where the apartment becomes usable. Furnished handover closes the gap that normally sits between completion and first income, since no fit-out, no furniture order and no interior contractor stand in the way.
Prime apartment values across Ras Al Khaimah gained 32% through 2025 and reached a record AED 2,428 per sq ft, with the emirate still priced below Dubai on the same basis. Wynn Al Marjan Island opens in September 2027 as a USD 5.7 billion resort carrying the first casino licence in the country, 20 minutes from Al Mairid. Handover at Richmond Residences follows in Q2 2029, once that resort is trading.
Foreign nationals acquire freehold title at Richmond Residences, developed inside a community built with Marjan, the master developer responsible for freehold property across Ras Al Khaimah. A purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa, which at launch pricing is met by the two-bedroom duplexes and the three-bedroom formats. The United Arab Emirates applies no property, income or capital gains tax to individuals.
Market figures as at 2025 unless stated otherwise. Prices from, and subject to change. Residency and tax treatment are assessed by the UAE authorities in each case.
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.
Richmond Residences is the first collection released at Mira Coral Bay, a multi-branded waterfront community in Al Mairid, Ras Al Khaimah. Developed by Mira Developments, it is one G+9 building holding 293 fully furnished apartments with interiors by John Richmond. All owners receive five-star hotel services as standard.
Richmond Residences is located within Mira Coral Bay on the Al Mairid coast, north of Ras Al Khaimah city. Beach access is on site, downtown Ras Al Khaimah is 10 minutes by car, Al Marjan Island 20 minutes along the coast and Ras Al Khaimah International Airport a 25-minute drive.
Richmond Residences offers six formats: studios, one-bedroom apartments, two-bedroom apartments, two-bedroom duplexes, three-bedroom apartments and three-bedroom duplexes. Studios account for 210 of the 293 homes and one-bedroom apartments for 54, with 29 larger apartments and duplexes across the remaining layouts.
Studios at Richmond Residences start from AED 550,000 / USD 150,000 and one-bedroom apartments from AED 1,100,000 / USD 300,000. Two-bedroom apartments begin 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.
Richmond Residences follows a 50/50 payment plan. Buyers pay 50% in eight instalments through construction, beginning with 10% on booking, with the remaining 50% spread over nine instalments across the three years after handover in Q2 2029.
Handover for Richmond Residences is scheduled for Q2 2029. All apartments are delivered fully furnished with John Richmond interiors, appliances and kitchen equipment, ready for immediate use or letting from the day keys are issued.
Richmond Residences is a branded development with interiors by John Richmond, the British fashion house established in London during the 1980s. Every apartment is furnished with the full John Richmond package, including a 3-year warranty on branded loose furniture.
All apartments at Richmond Residences are delivered fully furnished and equipped. The handover package includes John Richmond furniture, lighting, household appliances, kitchen equipment, linens and tableware. No additional fit-out is required between completion and first use.
The purchase price covers the fully furnished apartment with John Richmond interiors, branded loose furniture, appliances, kitchen equipment and tableware, along with access to the building amenities, the Mira Coral Bay facilities and five-star services. The 3-year furniture warranty and 5-year Mira Care programme are included.
The building holds a double-height branded lobby with concierge desk, a residents' swimming pool, a kids' pool, separate Technogym-equipped gyms for men and women, a residents' lounge, a café and a restaurant. Across Mira Coral Bay owners reach the private beach, two branded beach clubs, a yacht club, four five-star resorts and 10 branded restaurants.
Foreign nationals acquire freehold title at Richmond Residences, and a purchase reaching AED 2 million may provide eligibility for the renewable 10-year UAE Golden Visa. At launch pricing that threshold is met by the two-bedroom duplexes, three-bedroom apartments and three-bedroom duplexes. Off-plan property from approved developers qualifies.
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