Mira Coral Bay

Ras Al Khaimah, United Arab Emirates

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Price from

≈ $149,762AED 550,000Rate as of 2026-09-12

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

AED 13,352 / m²

cheaper than 100% of city projects

-45% vs the city median (Ras Al Khaimah), sample of 37 projects

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Data verified Sep 10, 2026price source: developer partner networkupdated 2 days ago

Properties

Condominium

Area

40 - 238 m²

Bedrooms

1 - 3

Completion

Q2 2029

Readiness

Under construction

Available

6 of 6

Is this expensive for the city

$3,636per m²cheaper than 100% of city projects

Median $6,595
$4,191$10,935

-45% vs the city median (Ras Al Khaimah), sample of 37 projects

Rate as of 2026-09-12, city data updated 2026-09-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

The cost of this project

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What it really costs

Payment plan

  1. Step 1

    On booking

    10%

    $14,976

  2. Step 2

    On contract

    10%

    $14,976

  3. Step 3

    Tax

    4%

    $5,990

  4. Step 4

    Before commissioning

    30%

    $44,929

  5. Step 5

    On transfer

    50%

    $74,881

Total$149,762

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

$150$2,246

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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40%100%
0%20%
Monthly income

$570

Annual income

$6,839

Gross yield

5.8%

Net yield

4.6%

Value in 5 years

$200,415

5-year ROI

57%

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Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

About the project

Properties

Condominium

Completion

Q2 2029

Status

Under construction

Total units

6

Available

6

Area

40 - 238 m²

Description

Only six units make up the entire building at Mira Coral Bay, a condo project by Mira Developments in Ras Al Khaimah. The property is under construction, with completion set for June 2029. Layouts range from one to three bedrooms, and unit sizes span from 40.07 sqm to 237.89 sqm, covering everything from compact one-bedroom units to larger three-bedroom homes. Prices start at 550,000 AED and go up to 3,500,000 AED, with an average price per square meter of 13,352 AED across the project. All 6 of the 6 units are currently available, so buyers have the full range of layouts and sizes to choose from at this stage. The development sits in the Ras Al Khaimah region, in the UAE. With just one building on site, the whole project is contained in a single structure. Mira Coral Bay is suited to buyers looking at an under construction condo in Ras Al Khaimah who want to select from a small, defined set of units before the building is finished.

This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.

Location

Ras Al Khaimah, United Arab Emirates

Market context

Residential price growth

39% YoY

Apartment price level

Dh2,000 per sqft

Rental growth

5% YoY

Average gross rental yield

5.6%

Foreign buyer share

68%

Ras Al Khaimah’s residential market is on a sharp upward trajectory, with prices and rents both posting solid year‑on‑year gains and the emirate attracting a growing share of foreign investors. The momentum is underpinned by strong economic growth, new premium projects such as the Wynn Al Marjan Resort and expanding tourism, suggesting continued capital appreciation and robust rental demand into 2026.

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