Gianfranco Ferré Residences by Mira Developments is an upscale residential project on the coast of the Arabian Gulf. The 10-storey complex is located in the heart of the rapidly developing resort cluster of Al Marjan Island in Ras Al Khaimah. Gianfranco Ferré Residences is more than just a prestigious location; it is a synthesis of fashion heritage, maritime aesthetics and investment logic in one of the fastest-growing emirates in the UAE. The architectural concept of the complex is designed in the shape of an open English letter U, facing the sea, which provides breathtaking panoramic water views from every residence. The facade's flowing lines echo the glass balconies and expressive geometry, creating a striking silhouette against the Al Marjan Island skyline.
The project features branded properties by Mira Developments, created in collaboration with the Gianfranco Ferré fashion house, an iconic Italian name founded by an architect by training and a designer by vocation. Ferré's style is a combination of precise architectural forms and classic elegance, which is fully reflected in the project's concept. The properties at Gianfranco Ferré Residences on Al Marjan Island are a collection of 36 studios, 91 one-bedroom residences, 33 two-bedroom apartments and a limited number of two- and three-bedroom units with private terrace pools. The size varies from 445 sqft (41 m²) to 3,244 sqft (301 m²), allowing one to choose a format to suit any requirement, from compact solutions to executive options with private relaxation areas. All apartments at Gianfranco Ferré Residences are furnished with Gianfranco Ferré Home furniture designed by ONIRO Group, an Italian manufacturer of premium interior design items. The interior design, textiles and decorative elements convey the brand's signature aesthetic and create a high level of comfort.
Residents of Gianfranco Ferré Residences on Al Marjan Island have access to an impressive range of services and amenities comparable to those of a five-star hotel. These include three separate resort-style swimming pools for men, women and families, a children's water area, restaurants and cafés, landscaped gardens, a Technogym with crossfit and Pilates areas and exercise bikes, a concierge service, valet parking and 24-hour housekeeping. There are also special zones for water sports and direct access to sandy beaches.
The infrastructure around the complex is no less impressive. The project is within walking distance of the Wynn Casino, the first legalised casino in the region, which is currently under construction and scheduled to open in 2027. Nearby are world-class hotels such as Waldorf Astoria Ras Al Khaimah, Mövenpick Resort and Address Hotels, as well as Al Hamra Mall, international schools, yacht clubs, spa complexes and golf courses. The road to Dubai Intl. Airport takes about 55 minutes, and to RAK Intl. Airport is about half an hour's drive away.
From an investment perspective, property at Gianfranco Ferré Residences on Al Marjan Island is an extremely promising asset. In 2024, tourism revenues in the emirate grew by 12%, and prices for off-plan properties by 15-20%. The opening of a casino, growth in tourist traffic, tax-free status and full ownership rights for foreigners create a favourable investment environment. Al Marjan Island is actively developing as a tourist and business hub, attracting international networks from Caesars Palace to Nobu.
The starting price for studios in the project is 1 200 000 AED (326 800 $), and 1-bedroom residences start at 2 350 000 AED (639 900 $). Buying two-bedroom apartments at Gianfranco Ferré Residences is available from 4 000 000 AED (1 089 200 $), and three-bedroom units with a pool start at 11 500 000 AED (3 131 400 $). The developer offers flexible interest-free payments on a 60/40 scheme: 10% on booking, 50% during construction and 40% upon handover. The completion of property at Gianfranco Ferré Residences by Mira Developments is scheduled for Q1 2028.
RAK Central
UAE GOLDEN VISA
30/04/2025
