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Mira Developments Unveils Multi-Branded Waterfront Community in RAK

Staff Writer
Staff Writer
May. 16, 2025
News
Ras Al Khaimah's Mira Developments has unveiled Mira Coral Bay, the world's first multi-branded waterfront community, marking a significant milestone in the luxury real estate sector and enhancing the emirate's position as a premium lifestyle destination.
Mira Coral BayEach property in Mira Coral Bay will be developed in collaboration with world-leading lifestyle brands exuding unbeatable luxury and design. (Mira Developements)

A Fusion of Global Luxury Brands

Situated along the coastline of Al Mairid, the 220,000 square meter project will feature branded residences, five-star hotels, and upscale dining. Designed by Italian firm Marco Casamonti & Partners / Archea Associati, the development brings together six prominent global brands—Dolce&Gabbana Casa, Bentley Home, Etro Home, Jacob & Co., John Richmond, and Trussardi—under a single master plan.

The launch event in Ras Al Khaimah attracted international attention, with appearances from high-profile executives including Dolce&Gabbana’s Marcello Grasselli, ETRO’s Fabrizio Cardinali, and Jacob & Co. founder Jacob Arabo. The evening concluded with a drone show and fireworks following a curated dining experience by the Cipriani team.

“Mira Coral Bay is not just another project. It’s an answer to the ‘what-if’ question,” said Tamara Getigezheva, Co-Founder of Mira Developments. “What if the world’s best brands came together in one place?”

Mira Coral BaySource: Mira Developments

Introducing Kadar Villas

A highlight of the development is the introduction of Kadar Villas—a new branded concept involving collaboration between a global architect and branding agency. Each villa will come with two luxury vehicles, interiors curated by a high-profile designer, and bespoke appliances from leading manufacturers.

The development is being delivered in partnership with Marjan, Ras Al Khaimah’s master developer of freehold properties, known for spearheading major waterfront projects like Al Marjan Island. Marjan CEO Abdulla Al Abdouli and Mira Developments’ Head of Sales Muaed Alakaev were present at the launch.

Mira Coral BaySource: Mira Developments
Mira Developments, a UAE-based firm under the Mira Group umbrella, is known for delivering high-end branded residences. Its standout projects include the Mira Villas by Bentley Home—an exclusive lagoon-front gated community in Meydan—and the Trussardi Residences in Al Furjan, Dubai, marking the debut of the Italian fashion house in the global real estate arena.
Mira Coral BaySource: Mira Developments
The newly announced Ras Al Khaimah development supports the goals of RAK Vision 2030. While a completion date has not yet been revealed, we’ll be closely watching for future announcements.