1. What is the concept behind "Richmond Residences" in Ras Al Khaimah?

Richmond Residences is a luxury branded development by Mira Developments in collaboration with iconic British fashion designer John Richmond. It blends high-fashion aesthetics—featuring exclusive Italian interior design—with serene beachfront living.

2. Where exactly is Richmond Residences located in Ras Al Khaimah?

The project is situated within the Mira Coral Bay master development in the Al Mairid beachfront area of Ras Al Khaimah, positioned directly along the coast and just 10 minutes from RAK City Center.

3. What are the available unit types in Richmond Residences?

The development offers 293 luxury residences, including:

• Studios

• 1, 2, and 3-Bedroom Apartments

• 2 and 3-Bedroom Duplexes

4. What is the starting price for apartments in Richmond Residences?

Starting prices begin at approximately AED 550,000 for studio units (prices vary based on unit size and layout).

5. Is there a post-handover payment plan available for Richmond Residences?

Yes, the project offers a flexible payment structure that includes a 3-year post-handover installment option.

6. What is the specific payment plan breakdown?

• 50% during construction (paid via structured installments).

• 50% post-handover (distributed over 3 years after receiving the keys).

7. When is the completion and handover date for Richmond Residences?

The project is scheduled for completion and handover in Q2 2029.

8. What amenities are provided for residents at Richmond Residences?

• Direct private beach access and beach clubs.

• Private marina and yacht club access.

• Fully equipped fitness facilities by Technogym.

• Fine dining restaurants and high-end cafes.

• Hotel-style services including 24/7 concierge, housekeeping, and valet parking.

9. Why is Richmond Residences considered a high-ROI investment?

As a prime branded residence in Al Mairid's expanding beachfront corridor, it commands premium capital growth and offers high yield potential for both long-term leasing and short-term holiday rentals (Airbnb).

10. Do the units come with sea views?

Yes, the majority of residences feature expansive panoramic views of the Arabian Gulf and the private beachfront.

11. Are the residences delivered fully furnished?

Yes, all units are delivered fully furnished and equipped with bespoke Italian furniture curated by Formitalia Group / John Richmond Home, alongside fully fitted kitchens.

12. What warranties are provided with the property?

Mira Developments offers a 5-year warranty on overall property maintenance (Mira Care) and a 3-year warranty on all indoor furnishings and fit-outs.

13. How many residential units are in the project?

The building consists of 293 exclusive residences, ensuring a private, low-density community feel.

14. Who is behind the design and development of Richmond Residences?

The project is developed by Mira Developments, featuring luxury interior concepts designed by global fashion icon John Richmond.

15. Is Al Mairid a freehold area for foreign buyers?

Yes, the development is located in a 100% Freehold area, allowing international investors of all nationalities full ownership rights.

16. How far is the project from RAK City Center and major hubs?

Richmond Residences is situated approximately 10 minutes from downtown Ras Al Khaimah, with seamless access to major highways, resorts, and commercial districts.

17. Does the building feature dedicated resident parking?

Yes, the project includes multi-level basement and podium parking for both residents and guests.

18. How can I reserve a unit in Richmond Residences?

You can reserve a unit by submitting an Expression of Interest (EOI) along with the initial booking deposit through an authorized property consultant.