Latest news with #MiraDevelopments
Zawya
25-06-2025
- Business
- Zawya
Mira, Gianfranco Ferré unveil premium waterfront project in RAK
UAE-based Mira Developments and Gianfranco Ferré Home have joined hands to unveil its premium waterfront development - Gianfranco Ferré Residences - at the very tip of Al Marjan Island in the northern emirate of Ras Al Khaimah. Established in 2014, the Gianfranco Ferré Home line creates elegant and exclusive furnishings, reflecting an eclectic, versatile and timeless style. The collection is rooted in the creative legacy of Gianfranco Ferré, the 'Architect of Fashion', an iconic figure in the fashion world. Unveiling the project, Mira Developments said these fully furnished, ready-to-move-in homes offer majestic aquatic scenery from nearly every point of view, surrounded by the Arabian Gulf on three sides. The tranquil rhythm of the sea is complemented by resort-style amenities and essential everyday services, including concierge, valet parking, in-room dining, and cleaning, it stated. A key developer, Mira is renowned for delivering fully branded and fully furnished homes in collaboration with leading lifestyle brands, including Dolce&Gabbana Casa, Bentley Home, Etro Home, ELIE SAAB, Jacob & Co., Trussardi and John Richmond. With its distinctive U-shaped design, Gianfranco Ferré Residences captures panoramic views of the ocean. Every unit, whether studio, one-, two-or three-bedroom apartment, features floor-to-ceiling windows embracing the serene surroundings, it stated. To further enhance this connection to water, select residences feature private terrace pools that open up to calming, uninterrupted views of the sea, stated the developer. All residences come turn-key ready, furnished with pieces from the latest Gianfranco Ferré Home collection and featuring a full set of luxury household appliances. Crafted in Italy from premium materials and finished in calming palettes, each interior element is designed to evoke both refinement and comfort, it added.` According to Mira Developments, the project is designed for wellbeing, with gender-separated pools, fitness areas by TechnoGym at the rooftop level and kids leisure zones and a community pool on the ground floor. Additional features include a 5-star residents' lounge at the lobby, two restaurants, landscaped gardens, and easy access to various water sports, it stated. Home to the Middle East's first-ever casino, Al Marjan Island is quickly emerging as one of the UAE's most attractive lifestyle and investment destinations. Surrounded by luxury resorts such as Address, Fairmont, and Mövenpick – and set against a backdrop of white sandy beaches, tranquil mangroves, and mountain panoramas –Gianfranco Ferré Residences stands at the very tip of the island, a new landmark for refined coastal living. "Life at Gianfranco Ferré Residences offers seamless comfort from the moment you arrive," said a company spokesman. "Enjoy hotel-style amenities including complimentary valet parking, attentive concierge services, professional cleaning, and in-room dining—each detail curated to elevate your daily experience," he stated. "Here, effortless living isn't just a promise; it's the everyday reality, allowing residents to focus on what matters most while everything else is taken care of," he added.
Khaleej Times
25-06-2025
- Lifestyle
- Khaleej Times
Gianfranco Ferré Residences: Waterfront elegance with Milanese soul
Discover an extraordinary coastal sanctuary at the tip of Al Marjan Island Mira Developments and Gianfranco Ferré Home are proud to unveil Gianfranco Ferré Residences – an exceptional waterfront masterpiece at the very tip of Al Marjan Island, Ras Al Khaimah. Surrounded by the Arabian Gulf on three sides, these fully furnished, ready-to-move-in homes offer majestic aquatic scenery from nearly every point of view. The tranquil rhythm of the sea is complemented by resort-style amenities and essential everyday services, including concierge, valet parking, in-room dining, and cleaning. Architectural harmony on the edge of the sea With its distinctive U-shaped design, Gianfranco Ferré Residences captures panoramic views of the ocean. Every unit, whether studio, one, two-or three-bedroom apartment, features floor-to-ceiling windows embracing the serene surroundings. To further enhance this connection to water, select residences feature private terrace pools that open up to calming, uninterrupted views of the sea. Designed in Milan, furnished for the coast All residences come turn-key ready, furnished with pieces from the latest Gianfranco Ferré Home collection and featuring a full set of luxury household appliances. Crafted in Italy from premium materials and finished in calming palettes, each interior element is designed to evoke both refinement and comfort. Seaside wellness and amenities Gianfranco Ferré Residences is designed for wellbeing, with gender-separated pools, fitness areas TechnoGym at the rooftop level and kids leisure zones and community pool at the podium level. Additional features include a 5-star residents' lounge at the lobby, two restaurants, landscaped gardens, and easy access to various water sports. Effortless living Life at Gianfranco Ferré Residences offers seamless comfort from the moment you arrive. Enjoy hotel-style amenities including complimentary valet parking, attentive concierge services, professional cleaning, and in-room dining - each detail curated to elevate your daily experience. Here, effortless living isn't just a promise; it's the everyday reality, allowing residents to focus on what matters most while everything else is taken care of. Rising star of the UAE's coastal market Home to the Middle East's first-ever casino, Al Marjan Island is quickly emerging as one of the UAE's most attractive lifestyle and investment destinations. Surrounded by luxury resorts such as Address, Fairmont, and Mövenpick and set against a backdrop of white sandy beaches, tranquil mangroves, and mountain panoramas - Gianfranco Ferré Residences stands at the very tip of the island, a new landmark for refined coastal living.
Zawya
24-06-2025
- Lifestyle
- Zawya
Gianfranco Ferré Residences unveiled: Waterfront elegance with Milanese soul
Ras Al Khaimah: Mira Developments and Gianfranco Ferré Home are proud to unveil Gianfranco Ferré Residences – an exceptional waterfront masterpiece at the very tip of Al Marjan Island, Ras Al Khaimah. Surrounded by the Arabian Gulf on three sides, these fully furnished, ready-to-move-in homes offer majestic aquatic scenery from nearly every point of view. The tranquil rhythm of the sea is complemented by resort-style amenities and essential everyday services, including concierge, valet parking, in-room dining, and cleaning. Architectural Harmony on the Edge of the Sea With its distinctive U-shaped design, Gianfranco Ferré Residences captures panoramic views of the ocean. Every unit, whether studio, one-, two-or three-bedroom apartment, features floor-to-ceiling windows embracing the serene surroundings. To further enhance this connection to water, select residences feature private terrace pools that open up to calming, uninterrupted views of the sea. Designed in Milan, Furnished for the Coast All residences come turn-key ready, furnished with pieces from the latest Gianfranco Ferré Home collection and featuring a full set of luxury household appliances. Crafted in Italy from premium materials and finished in calming palettes, each interior element is designed to evoke both refinement and comfort.` Seaside Wellness & Amenities Gianfranco Ferré Residences is designed for wellbeing, with gender-separated pools, TechnoGym fitness areas at the rooftop level and kids leisure zones and community pool on the ground floor. Additional features include a 5-star residents' lounge at the lobby, two restaurants, landscaped gardens, and easy access to various water sports. Effortless Living Life at Gianfranco Ferré Residences offers seamless comfort from the moment you arrive. Enjoy hotel-style amenities including complimentary valet parking, attentive concierge services, professional cleaning, and in-room dining—each detail curated to elevate your daily experience. Here, effortless living isn't just a promise; it's the everyday reality, allowing residents to focus on what matters most while everything else is taken care of. Rising Star of the UAE's Coastal Market Home to the Middle East's first-ever casino, Al Marjan Island is quickly emerging as one of the UAE's most attractive lifestyle and investment destinations. Surrounded by luxury resorts such as Address, Fairmont, and Mövenpick – and set against a backdrop of white sandy beaches, tranquil mangroves, and mountain panoramas –Gianfranco Ferré Residences stands at the very tip of the island, a new landmark for refined coastal living. About Mira Developments Mira Developments is renowned for delivering fully branded and fully furnished homes in collaboration with leading lifestyle brands, including Dolce&Gabbana Casa, Bentley Home, Etro Home, ELIE SAAB, Jacob & Co., Trussardi and John Richmond. Whether it is a high-rise residence or an ultra-luxurious villa in a gated community, every Mira Developments property is turnkey-ready. From designer interiors and premium household appliances to hotel-style services – everything is thoughtfully provided. All you need to do is bring your luggage and settle in. About Gianfranco Ferré Established in 2014, the Gianfranco Ferré Home line creates elegant and exclusive furnishings, reflecting an eclectic, versatile, and timeless style. The collection is rooted in the creative legacy of Gianfranco Ferré, the 'Architect of Fashion', an iconic figure in the fashion world known for impeccable shapes and volumes, the use of geometries and distinguished menswear fabrics such as houndstooth, tweed, Prince of Wales, and pinstripe.
Khaleej Times
06-06-2025
- Business
- Khaleej Times
UAE: Wondering where to invest? Look at Ras Al Khaimah's new developments
Recently, the serene shores of Ras Al Khaimah (RAK) lit up with a dazzling event featuring a synchronised drone show and fireworks. High-profile guests, nibbling on gourmet bites from Cipriani, were treated to an immersive showcase of 'designer living'. The occasion: the launch of Mira Coral Bay, billed as the world's first multi-branded waterfront community. In a real estate market where branded residences reign supreme, Mira Developments' latest project — a mix of villas, townhouses, hotels, beach clubs, and upscale dining — sets itself apart. For one, it brings prestigious luxury brands, including Dolce&Gabbana Casa, Bentley Home, Etro Home, Jacob & Co., John Richmond, and Trussardi, to a single location: Al Mairid, RAK. Secondly, it redefines high-end living with a mind-boggling offer: the Kadar Villas, each featuring two special-edition luxury cars, interiors by a celebrity designer, and top-tier appliances. Meanwhile, across Al Marjan Island, Richmind Developers unveils 'Oystra', a striking project that marks the debut of Zaha Hadid Architects in the area. With one to four BHKs (bedroom, hall, and kitchens), duplexes, penthouses, waterfront villas, a five-star hotel, branded beach club, and 360° rooftop pools, the homes — priced from Dh3 million — offer a bold new benchmark for waterfront luxury. These are just a few examples of A-list developers making a beeline for the hottest new real estate destination of the UAE: RAK. While Dubai routinely grabs eyeballs with mega-deals and record-breaking towers (the $1 billion, or Dh3.67 billion, Trump Tower being the latest), its quieter cousin is steadily catching up. Long considered a serene staycation spot, the RAK growth story is being noticed thanks to aggressive tourism campaigns, major infrastructure upgrades, investor-friendly policies, and its reputation as a manufacturing powerhouse. From an expanding international airport to its positioning as an adventure tourism hotspot and economic incentives like 100 per cent foreign ownership, 0–9 per cent corporate tax, full capital repatriation, and long-term residency, RAK's developments are attracting every major real estate player. DAMAC Properties, for instance, launched its inaugural project, Shoreline by DAMAC on Al Marjan Island. It has 17-stories with one-two-and-three BHK apartments and duplexes offering resort experience with beach access, gardens, wellness areas, a sunset bar and floating cabana. Priced from Dh1.83 million, the homes, which start at 730sqft, are set for completion by July 2028. 'Our expansion into Ras Al Khaimah aligns with the emirate's rapid rise as a destination for expatriates and home investors,' says Mohammed Tahaineh, chief project officer at DAMAC. BNW Developments is another key entrant in the sector. It recently announced the Taj Wellington Mews project in collaboration with Indian hospitality giant IHCL. 'We identified a striking gap when we saw that RAK had embraced nearly every global hospitality name but missed one of the most iconic names in Indian luxury, Taj,' says Ankur Aggarwal, chairman and founder of BNW Developments. Their growing portfolio also includes 'Aqua Arc' (offering turnkey furnished apartments), 'Aquino' (tailored for high-end users), and 'Pelagia' (hospitality-style residence with concierge services, rooftop indulgences, and wellness lifestyles). The sea-view balconies, smart systems, private spas, and gourmet cafés are all designed to attract the quiet luxury buyer. 'Luxury isn't about the label,' says Aggarwal. 'It lies in the lifestyle it enables.' Vimal Dharamshi Vaya, CEO of Apex Capital Real Estate, says RAK's real estate buzz has intensified in the past three years. 'It's drawing interest from top private players and even government-linked developers,' he says, adding that investors from Russia, Japan, and Europe are especially charmed by its serenity and sophistication. 'Our move into Ras Al Khaimah wasn't reactive; it was predictive,' says Aggarwal. 'We foresaw it transitioning from a serene emirate to a global hospitality and investment magnet.' An emirate comparison A quick comparison between Dubai and RAK's real estate scene brings to the fore some interesting facts. Kirill Dolgin, founder and CEO of BrokerDeck, says: 'Dubai is a larger, more mature, and globally established market with higher price points and potentially higher liquidity, but RAK has rapid growth trajectory, significantly more affordable property prices, higher rental yields, and capital appreciation potential. While Dubai offers a fast-paced, ultra-urban lifestyle, RAK provides a more relaxed, nature-centric environment despite its proximity to Dubai.' And the numbers prove it. In RAK, the transaction value increased nearly 25,000 per cent and mortgage values surged almost 21,849 per cent between June 2017 and June 2024. Branded residences' growth is projected to be 40 per cent of new units by 2029 and the average property prices increased by 30 per cent in 2022, with off-plan rates growing 15-20 per cent in 2024. 'All these indicate that Ras Al Khaimah's real estate market has dramatically transformed from an emerging player to a prime investment destination,' says Dolgin. Wynn-ing Resort The real game-changer for Ras Al Khaimah is, undoubtedly, Wynn Resorts at Al Marjan, slated to open by 2027. Mustafa Haider Kamal, senior relationship manager at Richmind — currently working on the Oystra project — believes Wynn's gaming licence was the turning point. 'It eliminated all the 'ifs and buts' about the casino,' he says, noting how it shifted not just market dynamics but also investor mindsets. 'Perhaps even Dubai or Abu Dhabi could have hosted a Wynn, but those cities already have their attractions. RAK has landed a big opportunity; it's going to transform the economy, creating jobs and drawing major brands and hotels.' Even ahead of completion, the project's impact is being likened to the rise of Las Vegas and Macau as global gaming hubs. So, will RAK become the Vegas of the Middle East? Experts suggest a more nuanced take. Rather than replicating Vegas, the vision here is to create an integrated resort tailored to RAK's distinct environmental and cultural identity. The multi-billion-dollar development will feature 1,540 keys, a meeting, incentive, convention, and exhibition area, gaming zones, entertainment and luxury retail. Clearly, it is aimed at attracting both residents and tourists. Nevertheless, the economic parallels to Macau are compelling. 'Macau witnessed rapid economic expansion and a significant upswing in property demand and residential property values following the introduction of international casino operators,' says Dolgin. 'Similarly, Wynn's entry into RAK is expected to drive swift economic growth and heightened property demand.' The impact is already visible. Since the announcement in 2022, RAK has seen primary residential sale prices jump dramatically; apartment prices surged by around 128 per cent, while villas rose by 73 per cent compared to 2021. Tourism, too, is on an upward curve. The casino is expected to propel RAK into a new league, with projections estimating over 3.8 million visitors by 2027 and more than 5.5 million by 2039. Some of these numbers may be drawn from Dubai, which welcomed 7.5 million visitors in the first four months of 2025 alone. 'Those who enjoy gaming experiences will come here rather than fly halfway across the world to Vegas or Macau,' says Vaya. So, how should you invest? The flurry of developments is also sending a strong message to savvy investors: now is the time to consider owning property in this emerging luxury destination. With more accessible entry points and solid growth forecasts, experts agree it's an opportune moment to secure that dream home. RAK offers many advantages — from diversifying your investment portfolio beyond established markets like Dubai and Abu Dhabi to tapping into high rental yields (up to 12 per cent for short-term rentals) and potential capital appreciation. As Dolgin observes: 'RAK's focus on enhancing its lifestyle offerings and tourism infrastructure is creating a positive feedback loop, directly boosting demand, property values and overall investor confidence.' Pricing is the key. Realtors estimate beachfront properties in RAK to currently average Dh3,000–Dh3,500 per sqft — a stark contrast to comparable high-value enclaves in Dubai where prices range from Dh5,000 to Dh8,000 per sqft. A useful tip: Look at holiday homes and short-term rentals. 'Holiday homes can deliver a return on investment of 18–25 per cent per annum,' says Haider. 'People will stay in hotels, but there are many who prefer holiday homes.' Dolgin suggests looking beyond the allure of Al Marjan Island. 'Consider properties in established areas like Al Hamra, RAK Central and other parts of Ras Al Khaimah for their infrastructure and variety,' he suggests. Vaya, on the other hand, highlights RAK's superior value for space and returns. 'While an average RAK one BHK is 800-900sqft for a lesser price point and higher rental return, the same would be about 700sqft and lesser return in Dubai. Go for one or two BHK if you are looking at pure investment. For self-use, opt for two or three BHKs,' he advises. The novelty and future upside also play in RAK's favour. 'Once the casino is operational, everything else will follow,' predicts Haider. 'Imagine the traction by 2030. Anyone investing in 2025–26 will be sitting on a goldmine. Al Marjan is for a niche market of seasoned investors or first-timers with a bold appetite.' Some other important rules to remember: Invest in branded residences, do your due diligence, and choose developers wisely. Vaya concludes: 'Buy real estate and wait — don't wait to buy real estate.'
Zawya
28-02-2025
- Business
- Zawya
Mira partners with Italian luxury major Trussardi for Dubai project
UAE-based Mira Developments has joined hands with Italian luxury majors Trussardi and Luxury Living Group for the launch of the Phase II of its prime development Trussardi Residences in Dubai. Twice the size but infused with the same Milanese spirit, this phase brings two stunning towers and an expanded two-floor podium to the vibrant Al Furjan district, just a short stroll from the Discovery Gardens metro station, said a statement from Mira Developments. Exclusively adorned with the finest creations from the Trussardi Casa collection, Trussardi Residences Phase II introduces one- and two-bedroom apartments along with studios – a first for the development. Designed as turn-key properties, every residence is fully furnished, equipped with all household appliances and ready to welcome you. Following the overwhelming demand for Phase I, which set the new standard for luxury living in Al Furjan, Phase II arrives as an even more refined and upgraded offering. For fitness enthusiasts, the expanded podium features a 350-m jogging track, a serene yoga zone, and sports courts, including paddle tennis, ensuring wellness is seamlessly integrated into daily life, said a statement from Mira Developments. For those seeking family-friendly spaces, the podium also offers dedicated children's areas, including trampolines, a playground, and an outdoor cinema, making it the perfect haven for every member of the family. Additionally, residents can enjoy the convenience of a premium food lounge offering multiple cuisines, delivering gourmet experiences just steps from home, it added. Residents can maintain an active lifestyle and rejuvenate in two bespoke gymnasiums, meticulously designed by TechnoGym. Spanning a combined 800 sqm, these key facilities offer separate spaces for ladies and gentlemen, catering to diverse fitness needs. Completing the offering is a wellness center, a serene space dedicated to relaxation and well-being. "Trussardi Residences Phase II combines functionality with flair. Host meetings or enjoy a moment of indulgence at the premium lounge and a dedicated Aiwa coffee shop. Meanwhile, children will delight in thoughtfully designed spaces that encourage endless fun, from trampolines to a vibrant outdoor cinema," said a spokesman for Mira. "Trussardi Residences Phase II is not just a residential marvel; it also offers four floors of Class-A office spaces crafted with the same sophistication and elegance that define the development," he added.
