Ras Al Khaimah, United Arab Emirates
Price from
≈ $151,123AED 555,000Rate as of 2026-10-13
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
AED 13,352 / m²
-45% vs the city median (Ras Al Khaimah), sample of 38 projects
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Data verified Sep 15, 2026price source: manually verifiedupdated 28 days ago
Properties
Condominium
Area
40 - 238 m²
Bedrooms
1 - 3
Completion
Q2 2029
Readiness
Under construction
First instalment
10%
Properties
Condominium
Area
40 - 238 m²
Bedrooms
1 - 3
Is this expensive for the city
$3,636per m²cheaper than 100% of city projects
-45% vs the city median (Ras Al Khaimah), sample of 38 projects
Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On booking
10%$15,112
Step 2
On contract
10%$15,112
Step 3
Tax
4%$6,045
Step 4
Before commissioning
30%$45,337
Step 5
On transfer
50%$75,562
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
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$570
$6,839
5.8%
4.5%
$202,237
56%
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About the project
Properties
Condominium
Completion
Q2 2029
Status
Under construction
Area
40 - 238 m²
Properties
Condominium
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.
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.
Sources (6) · updated 21/08/2026
- UAE: RAK property rally continues in 2025 as prices near Dh2,000 per sqft | Khaleej Times
- UAE: RAK Property Rally Continues In 2025 As Prices Near Dh2,000 Per Sqft
- Why savvy investors are flocking to Ras Al Khaimah - Construction Week Online
- ValuStrat Launches Ras Al Khaimah ValuStrat Price Index - ValuStrat
- UAE Real Estate In 2025: Ras Al Khaimah Emerges As Hotspot
- Ras Al Khaimah Real Estate Investment 2025 | Growth & ROI Guide
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