Mira and Gianfranco Ferré Launch Premium Waterfront Residences in RAK

Mira Developments has partnered with renowned Italian design house Gianfranco Ferré Home to unveil the Gianfranco Ferré Residences, a new luxury waterfront development located on Al Marjan Island, Ras Al Khaimah. The branded residential project combines refined Italian aesthetics with high-end amenities, set in one of the UAE’s fastest-growing lifestyle destinations.

Italian-Designed Living

The project features a signature U-shaped architectural design that maximizes sea views and beach access for every unit. The development will offer 160 upscale apartments, including:

• 36 studio apartments
• 91 one-bedroom apartments
• 33 two-bedroom apartments

Each residence is fitted with top-tier materials such as Canaletto walnut wood, fine marble, and designer textiles, alongside floor-to-ceiling windows and integrated smart-home systems.

Amenities and Lifestyle Offerings

Residents will enjoy an exclusive selection of facilities, including:

• Infinity-edge swimming pool and indoor pool
• Spa, sauna, gym, and yoga studio
• Private beach club with cabanas and water-sports access
• Residents’ lounge and private cinema
• BBQ areas, landscaped gardens, and children’s playground
• Business lounge, meeting rooms, and co-working spaces

The development offers a full-service luxury lifestyle tailored for residents and short-term visitors alike.

Strategic Location and Connectivity

Gianfranco Ferré Residences is located just 45 minutes from Dubai International Airport and 15 minutes from Ras Al Khaimah International Airport. ts location on Al Marjan Island places it near popular destinations including RAK Mall, InterContinental Mina Al Arab, and various gourmet dining venues. The area is also poised to host the UAE’s first integrated gaming resort, adding to its investment appeal.

Investment Value and Construction Timeline

Starting from approximately $245,000 (AED 900,000), the residences are available with flexible developer-backed payment plans, including 30/70 schemes. Construction began in March 2025, with completion expected by Q4 2025.

Mira Developments is known for luxury branded residences and is also behind the multi-branded Mira Coral Bay, another signature project on Al Marjan Island.

Al Marjan Island is fast becoming a magnet for luxury property investors. With infrastructure expansion, hospitality development, and projected tourism growth, the area offers potential rental yields of 8–10%, attracting both regional and global interest.

The Gianfranco Ferré Residences bring together global design prestige, a prime waterfront location, and a comprehensive lifestyle offering, sitioning the development as a standout investment and residential opportunity in the UAE’s northern emirate.