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Buy / Watch / Skip verdict scored against similar homes.
WATCH 72/100 conviction
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MIRA DEVELOPMENTS "Mira Coral Bay - Richmond Residences Building 1" NEW LAUNCH by Mira Developments is a developer off-plan launch in Al Mairid, handover 2029-Q2. Entry pricing starts at From AED 550K.
Al Mairid averages 6.5% annual appreciation and 8.0% area rent return once handed over. Wolfie projects a 37.0% value uplift over 5 years on these community fundamentals.
| Entry price | From AED 550K |
| Handover | 2029-Q2 |
| Payment plan | On request |
| Area average rent return | 8.0% |
| Annual appreciation | +6.5% |
| Y5 projected value | AED 754K |
| Golden Visa eligible | No |
| Developer | Mira Developments |
We’ll generate a full PDF report, Wolfie Verdict, exit-strategy scenarios, capital appreciation, rental yield, and the investor brief, and an advisor will follow up to walk you through it.
What sits around Al Mairid, and what it means for the investment case.
Homes in Al Mairid command around a 10% rental premium over the Dubai average, driven by its established address and community amenities.
Corporate tenants from Dubai Internet City and DIFC, both under 16 minutes away, keep demand steady year round.
Improving transport links and an active development pipeline support continued capital appreciation.
Mira Coral Bay - Richmond Residences Building 1 is the first phase of a branded residential project by Mira Developments, within the unique Mira Coral Bay community in Ras Al Khaimah. The complex features fully furnished residences, including studios, 1-3 bedroom apartments, as well as 2, 3 bedroom duplexes. The infrastructure of the Mira Coral Bay community includes private beaches, a yacht club, swimming pools, five-star hotels, beach clubs, restaurants, and cafés. Downtown Ras Al Khaimah is 10 minutes away, while Ras Al Khaimah International Airport is 25 minutes away. For sale: Studio - from 550 000 AED / 431 sq. ft. 1 BR - from 1 100 000 AED / 854 sq. ft. 2 BR - from 1 750 000 AED / 1 411 sq. ft. 2 BR Duplex - from 2 500 000 AED / 1 806 sq. ft. 3 BR - from 2 300 000 AED / 1 806 sq. ft. 3 BR Duplex - from 3 500 000 AED / 2 560 sq. ft. EOI: 55 000 AED Launch date: October, 2026 Other detailed information will be published later
We’ll generate a full PDF report, Wolfie Verdict, exit-strategy scenarios, capital appreciation, rental yield, and the investor brief, and an advisor will follow up to walk you through it.
