New Apartment Projects in Al Mairid, Ras Al Khaimah

Yes. Al Mairid sits within one of the UAE’s strongest-performing residential markets. Ras Al Khaimah recorded 32% year-on-year apartment price growth in 2025, and gross rental yields for apartments across the emirate range between approximately 5% and 8%. The district’s off-plan launches benefit from freehold ownership, flexible payment plans and proximity to the Wynn Al Marjan Island resort. Mira Coral Bay, the world’s first multi-branded waterfront community, is located directly in Al Mairid and offers fully furnished apartments developed in partnership with internationally recognised luxury brands.

Yes. Al Mairid is a designated freehold zone in Ras Al Khaimah. Foreign nationals of any nationality can purchase and own property outright with a registered title deed, with no restrictions on leasing, reselling or bequeathing. This ownership structure applies to all new apartment projects in the area, including Mira Coral Bay.

Ras Al Khaimah imposes no annual property tax, rental income tax or capital gains tax. The primary transaction cost is a one-time registration fee payable to the RAK Land Department — 4% of the purchase price. There is no stamp duty. Ongoing costs are limited to annual service charges, which vary by development and cover maintenance of shared facilities and common areas.

Gross rental yields for apartments in Ras Al Khaimah range from approximately 5% to 8%, depending on unit size, location and furnishing level. Branded and fully furnished apartments achieve yields at the upper end of this range due to stronger tenant demand and the ability to command premium rents. Apartment rents across Ras Al Khaimah rose approximately 25% year-on-year in 2025, reflecting limited ready supply and growing demand from the emirate’s expanding workforce and tourism sector.

Al Marjan Island is RAK’s highest-profile waterfront destination and commands the highest per-square-foot prices in the emirate. Al Mairid offers a complementary proposition — direct sea access and resort-level amenities at a more measured density, with lower entry pricing for branded residences. Both areas benefit from freehold ownership and proximity to the Wynn resort, which is expected to elevate demand across RAK’s entire coastal corridor. For investors seeking branded waterfront apartments at an earlier stage of the area’s growth cycle, Al Mairid represents a distinct positioning within the wider RAK market.

Yes. Al Mairid is an established residential neighbourhood with a quiet, low-density character and access to several international schools, including the International School of Choueifat, RAK Academy and the Indian School. Healthcare facilities, parks, public beaches and daily retail services are all within close proximity. Mira Coral Bay incorporates children’s play areas, landscaped gardens and community amenities designed for family living alongside resort-style waterfront facilities.

The Wynn Al Marjan Island resort — a USD 5.1 billion development with 1,530 rooms and suites — is scheduled to open in 2027 and is expected to significantly increase visitor volumes, employment and short-term rental demand across RAK’s entire coastal strip. Al Mairid is positioned within this zone of influence. Since the Wynn project was announced in 2022, international property transactions in Ras Al Khaimah have shown sustained year-on-year growth, and the resort’s opening is expected to intensify this trend further.

Yes. Off-plan apartment projects in Al Mairid offer flexible instalment-based payment plans, typically structured with payments spread across the construction period and a portion due at handover. This structure allows buyers to enter the market at launch pricing while managing capital outlay in stages. Specific payment plan terms for Mira Coral Bay are available directly from the developer.

Yes. Branded residences in RAK consistently achieve a pricing premium over comparable non-branded stock, both on resale and in the rental market. The premium reflects the value of a recognised brand, consistent interior specification and the perception of quality that branded developments maintain over the ownership lifecycle. In a growing market such as RAK, where new inventory is being added rapidly, branding is one of the key differentiating factors that sustains liquidity and rental demand.

A property purchase of AED 2,000,000 or above qualifies the buyer for the UAE 10-year Golden Visa, granting long-term residency with full renewal rights. As of February 2026, the minimum down-payment requirement for visa eligibility has been removed, meaning the visa can be applied for at the point of purchase registration regardless of how much has been paid at that stage.

Buyers of freehold apartments in Al Mairid receive a title deed registered with the RAK Land Department, confirming full ownership rights. The title deed can be used to apply for UAE residency, open bank accounts linked to property ownership, and to evidence clear title on resale. Off-plan purchases are secured through an escrow arrangement, with developer payments held in a regulated account until construction milestones are met.