Gianfranco Ferré Residences is an exclusive branded residential project developed by Mira Developments, developed in collaboration with Gianfranco Ferré Home. Placed on the picturesque Al Marjan Island in Ras Al Khaimah (RAK), the development gives a limited collection of Studios, 1, 2, and 3-bedroom apartments, adding select units with private pools.
The project is an architectural marvel that blends classic Italian design elegance with the charm of the Arabian Gulf coastline. The building is built in a majestic “U” shape to make sure of panoramic views of the sea and surroundings from every unit. Residences are fully furnished and serviced with luxurious interiors showing Canaletto walnut wood, premium fabrics, and high-end finishes, setting a new standard for luxury island living.
Property Details
| Features | Details |
| Developer | Mira Developments |
| Branding | Gianfranco Ferré Home (Fully Furnished & Serviced) |
| Location | Al Marjan Island, Ras Al Khaimah (RAK) – Waterfront |
| Starting Price | AED 1,200,000 |
| Property Types | Apartment (Studio, 1, 2 & 3 BR) |
| Unit Size Range | 445 sq. ft. to 3,705 sq. ft. |
| Down Payment | 10% |
| Payment Plan | 60% During Construction / 40% On Handover |
| Handover | Q1 – 2028 |
| Key Highlights | Branded fully furnished units, Private terrace pools in select units, Direct beach access, U-shaped architecture for maximized views. |
Features & Amenities
The residences give a resort-style living experience with an extensive range of world-class facilities plus high-end services:
- Water & Wellness: Infinity Pool, Swimming Pool (with separate pools for men, women, and families), Kids Pool, Gymnasium (with separate male/female sections), Health Care Centre (nearby access).
- Leisure & Recreation: Exclusive Beach Club, Games Room, Indoor Games, Sports Court, Kids Play Area.
- Dining & Retail: Restaurants, Dining Outlets, Retail Outlets, Lobby Café/Bar.
- Services & Security: 24×7 Security, Laundry Services (Pick up and drop services), Valet Parking, Covered Parking Facility, Concierge Service, Housekeeping.
Location & Connectivity
The project is located on the prestigious Al Marjan Island, Ras Al Khaimah’s prime tourist and residential destination, giving excellent connectivity to key RAK hubs and key UAE airports.
- Location: Al Marjan Island, Ras Al Khaimah (Coastal Setting).
- General Access: Excellent road links ensuring easy navigation across the Emirate and connection to main UAE highways.
- Proximity to Key Destinations:
- Wynn Al Marjan Island Resort & Casino: Approximately 10 Minutes Walk (Under construction, set to boost tourism).
- InterContinental Mina Al Arab: 10 Minutes
- Al Naeem Mall: 07 Minutes
- RAK Mall: 11 Minutes
- Ras Al Khaimah International Airport: 15 Minutes
- Dubai International Airport (DXB): 45 Minutes
Payment Plan
Gianfranco Ferré Residences gives a simple and attractive 60/40 post-handover payment plan made for investor flexibility.
| Stage | Percentage | Notes |
| Down Payment | 10% | On Booking Date |
| During Construction | 50% | Paid in scheduled installments (e.g., 5 x 10% installments) |
| On Handover | 40% | Due Upon 100% Completion (Q1 – 2028) |
Floor Plans
The residences give a diverse range of apartment and penthouse layouts, with select larger units showing private pools.
| Unit Type | Size Range |
| Studio Apartment | 461.70 sq. ft. to 509.20 sq. ft. |
| 1 BR Apartment | 862.10 sq. ft. to 1,122.60 sq. ft. |
| 2 BR Apartment | 1,307.40 sq. ft. to 3,267.10 sq. ft. |
| 2 BR + Pool Apartment | 1,307.40 sq. ft. to 3,267.10 sq. ft. |
| 3 BR + Pool Apartment | 3,244.20 sq. ft. to 3,705.60 sq. ft. |
Why Invest in Gianfranco Ferré Residences
Investing in this particular project gives a unique opportunity to capitalize on Ras Al Khaimah’s rapidly ascending luxury real estate market:
- Wynn Resort Proximity: Set near the highly anticipated Wynn Al Marjan Island Resort, which is expected to trigger a major surge in capital appreciation and short-term rental demand across the island.
- Branded Luxury & Turnkey Investment: Fully furnished and serviced by Gianfranco Ferré Home, making it a high-demand, turnkey luxury rental asset best for investors.
- High ROI Potential: Al Marjan Island is seeing rapid capital growth and is projected to deliver strong rental yields, potentially up to 7-9%, driven by the growth of RAK’s tourism sector.
- Favorable Payment Plan: The 60/40 payment structure minimizes the upfront financial commitment and offers substantial payment flexibility until handover.
- Freehold Ownership: The property is freehold, offering 100% ownership rights to all nationalities.
FAQs About Gianfranco Ferré Residences
Q: Is the project fully furnished?
A: Yes, all residences are fully furnished and designed by the prestigious Gianfranco Ferré Home collection.
Q: What is the handover date?
A: The estimated handover date for the project is Q1 – 2028.
Q: What special features do the larger units offer?
A: Select 2-bedroom and 3-bedroom apartments feature their own private terrace pools.
Q: Is Al Marjan Island a freehold area?
A: Yes, Al Marjan Island is a designated freehold area, allowing foreign investors to purchase property with 100% ownership.
Q: What makes the architecture unique?
A: The building has a majestic U-shape design inspired by Italian architecture, specifically crafted to ensure most units benefit from panoramic sea and coastal views.
Contact Cresco Real Estate Today
For detailed floor plans, unit availability, and an exclusive investment consultation on Gianfranco Ferré Residences, please contact our expert team.
