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Under construction

Mira Coral Bay

Ras Al Khaimah, United Arab Emirates
Mira Coral Bay, photo 1Mira Coral Bay, photo 1

Price from

AED 555,000≈ $151,123 · Rate as of 2026-10-27US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

AED 13,352 per m² ≈ $3,636

cheaper than 100% of city projects: -45%
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Data verified Sep 15, 2026 · price source: manually verified · updated 1 mo. ago

Properties
Apartments
Area
40 - 238 m²
Bedrooms
1 - 3
Completion
Q2 2029
Readiness
Under construction
First instalment
10%

Price

Is this expensive for the city

$3,636 per m², Ras Al Khaimah median $6,556

$3,636$10,935

-45% vs the city median (Ras Al Khaimah), sample of 38 projects. cheaper than 100% of city projects.

Rate as of 2026-10-27, city data updated 2026-10-27. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.

Purchase estimate for this project

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The cost of this project

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What it really costs

Payment plan

  1. 10%Step 1 · On booking$15,112
  2. 10%Step 2 · On contract$15,112
  3. 4%Step 3 · Tax$6,045
  4. 30%Step 4 · Before commissioning$45,337
  5. 50%Step 5 · On transfer$75,562
Total
$151,123

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

ROI Calculator

$75,562$1,143,635
$150$2,274

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

Ask agent about rental ratesTelegram
40%100%
0%20%
Monthly income
$570
Annual income
$6,839
Gross yield
5.8%
Net yield
4.5%
Value in 5 years
$202,237
5-year ROI
56%
See calculation details
Gross annual rent
$8,692
Common area fee
-$221
Tax (10%)
-$869
Agent commission
-$762
Net annual income
$6,839
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

About the project

Properties
Apartments
Completion
Q2 2029
Status
Under construction
Area
40 - 238 m²

Description

Mira Developments is building Mira Coral Bay in Ras Al Khaimah, United Arab Emirates, with completion set for June 2029.

The project offers apartments ranging from 40 to 238 square meters, with one to three bedrooms. Prices start at AED 555,000 and go up to AED 3,500,000, with a price per square meter from AED 13,352.

The span between the smallest and largest units, 40 to 238 square meters, covers both compact layouts and larger three-bedroom formats. Construction is underway in Ras Al Khaimah, with the developer targeting a June 2029 completion.

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.

Price in your currency

Rate: 1 USD = 3.6725 AED≈ $151,123Rate as of 2026-10-27

Denominated in AED - a natural hedge against a weakening USD.

Sources: exchangerate-api.com

Location

Ras Al Khaimah, United Arab Emirates

Amenities

  • Yoga Area
  • Jogging Track
  • Spa Center
  • Fitness Center
  • Sauna
  • Massage Center
  • Restaurant & Cafe

Market context

Residential price growth39% YoY
Apartment price levelDh2,000 per sqft
Rental growth5% YoY
Average gross rental yield5.6%
Foreign buyer share68%

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.

Sources (6) · updated 21/08/2026

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