Greenness index 51.5 of 100
Arthouse Residences
Meydan, Dubai, UAE
Starting Price:
1.1 M
Property Type
Apartment
Handover
2028
Mira Developments Dubai Market Overview
Mira Developments is a Dubai-based real estate developer founded in 2023, working across Meydan District 11, Al Furjan, and emerging mixed-use areas between Dubai and Ras Al Khaimah.
The company was created to respond to a clear market gap seen by many overseas buyers. Homes were often delivered without furniture, clear positioning, or ready living standards.
Mira Developments chose a different path by focusing on completed interiors, defined layouts, and locations with proven demand.
Its developments are designed for buyers who value time, clarity, and long-term usability rather than speculative appeal.
Mira Developments History & Market Performance
Mira Developments Dubai was founded in 2023 by Tamara Getigezheva, who is also a joint owner and serves as chief executive.
The company was formed after repeated exposure to a common buyer problem. Many residential units reached handover without being ready for daily life or rental use. Buyers then faced delays, added cost, and unclear positioning.
Mira Developments was created with a focused goal. Deliver homes that are planned for real use from day one.
The company philosophy centers on clarity, livability, and consistency rather than scale driven growth. Its architectural direction follows this logic by prioritizing layout efficiency, finished interiors, and defined identity across projects.
Key Mira Developments Projects
Mira Developments Dubai manages this through a focused set of residential opportunities with clear pricing, defined handover windows, and structured payment terms.
The following projects reflect that approach and show how off-plan projects by Mira Developments are positioned within specific communities and timelines for investors and end users.
Gianfranco Ferre Residences in Al Marjan Island, Ras Al Khaimah
This is an apartment project located on Al Marjan Island with studios and one to three bedroom units. Launch prices start at 1,200,000 AED with a 10/50/40 payment plan, and delivery is expected in Q1 2028.
Based on current regional rental data from market trackers, similar coastal residences can yield up to 8 percent annually. Investors focused on diversified location exposure can consider this project as part of longer term strategies.
Trussardi Residences Phase Two in Al Furjan, Dubai
Situated in the established Al Furjan neighborhood, this development offers studios and one to two bedroom apartments. The launch price begins at 920,000 AED with a 20/40/40 payment structure and handover in Q4 2026.
Nearby rental trends show yields near 6.5 percent, and the relatively shorter delivery period improves timing for occupancy or lease entry. The Mira Developments logo appears consistently across project materials, reinforcing brand identity and design standards.
Mira Coral Bay in Al Mairid, Ras Al Khaimah
Mira Coral Bay includes residential units in the Al Mairid area with a launch price from 1,038,000 AED under a 20/55/25 payment plan and delivery slated for Q4 2028.
Coastal and resort-linked demand in Ras Al Khaimah supports rental interest, with yields around 7 percent in comparable segments. This development adds coastal diversity to the set of Mira Developments projects.
|
Project Name |
Location Area |
Launch Price |
|
Gianfranco Ferre |
Al Marjan Island |
From 1.2M |
|
Trussardi Phase Two |
Al Furjan Dubai |
From 920K |
|
Mira Coral Bay |
Al Mairid RAK |
From 1.03M |
Future Direction of Mira Developments
Mira Developments LLC positions itself around a clear idea stated on its official platform. The company is not focused only on buildings but on how people live around them.
Its stated vision is to shape communities where daily life outside the home carries the same value as the space inside it. This explains why planning decisions lean toward shared areas, open space, and long-term usability.
Design work follows a mixed structure. Strategic planning and project direction remain internal. Execution layers such as interiors, materials, and detailing are handled with external specialists. This allows control at the concept level while avoiding rigid in-house production systems. Key collaborations with established design houses support consistency rather than decoration.
Market comparables for similar locations show rental yield ranges between 6 and 8 percent, which frames realistic expectations rather than promises.
The future outlook appears cautious by choice. Growth is tied to select locations where community scale can be managed.
Mira Developments Sustainability
Mira Developments approaches this topic in a more grounded way, based on what is stated on its official platform. The company confirms that environmental responsibility is part of its core planning logic, not a side feature added after design decisions are made.
Each project is described as saying to consider how people live, move, and spend time beyond the unit itself.
According to the official vision statement, Mira Developments prioritizes natural materials, energy-saving systems, and accessible green spaces across its developments.
The intent is to reduce daily resource use while encouraging outdoor activity and social interaction. This signals a focus on livability rather than symbolic green labels.
Conclusion on Mira Developments
At the end of the review, the real value sits in understanding where Mira Developments stands in the market cycle. This is not a mature developer with decades of delivered inventory, and that matters. Pricing reflects this stage.
Entry levels across current projects remain lower than many branded residences launched after 2023, while surrounding areas show rental yields commonly ranging between six and eight percent based on active listings and completed stock.
The opportunity comes from timing, not promises. The risk is tied to delivery and pace, not hidden structures. With the right lens, early stage projects can be assessed calmly and realistically, without overconfidence or fear.
Contact Kotook for a free consultation to buy off-plan projects in the UAE with real data clarity.
