Gianfranco Ferre Residences — project image
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Gianfranco Ferre Residences

From AED 1.61M·Handover Mar 2028·10% down payment Payment
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AED 1.61M
Starting Price
Mar 2028
Handover
10% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Gianfranco Ferre Residences is an elite residential complex created by Mira Developments in collaboration with the famous Italian house Gianfranco Ferré. Located at the very tip of Al Marjan Island in Ras Al Khaimah, the complex is surrounded by the waters of the Arabian Gulf on three sides, providing stunning panoramic views. The laconic shape of the building's facade lines attract the eye. The building consists of two basement levels with parking, a ground floor, ten residential floors and a roof with excellent facilities. All apartments are fully furnished with items from the latest collection of Gianfranco Ferré Home, which emphasizes their exclusivity and sophistication. Studios are available, as well as apartments with 1, 2 and 3 bedrooms. The interiors are made using high-quality materials. The kitchens are fully equipped with premium brand appliances and include all necessary accessories. The complex offers a wide range of amenities, including swimming pools with terraces, a children's pool, restaurants, cafes in the lobby, gyms, concierge services and valet parking. Water sports, private sandy beaches and daily room service are also available. Gianfranco Ferre Residences is located in close proximity to key attractions and infrastructure facilities. The Wynn Casino can be reached in just 8 minutes, the Al Hamra Mall in 10 minutes, and the Waldorf Astoria Hotel in 11 minutes.

Project Specifications
DeveloperMira Developments
LocationAl Marjan Island
Unit TypesStudio, 1 BR, 2 BR, 3 BR, 4 BR, Apartments
AreaAl Marjan Island
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 69,601 / year
Cash-on-Cash
2.2%
Levered cashflow AED 16,372
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 741,980 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Mira Developments.

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Payment Structure

10% down payment

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Beach Access
Beach Club
Beach Volleyball
Broadband Internet
Cabanas
Central A/C
Children’s pool
Club house
Concierge Service
Covered Parking
Covered gym
Coworking zone
Crossfit zone
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Fitness Zone
Housekeeping Services
Infinity pool
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Laundry
Leisure areas
Lift
Lobby
Meditation zone
Nanny
Open Kids Play Area
Open air gym
Picnic Area
Pool Deck
Private beach access
Private pool
Recreational areas
Resting Areas
Retail outlets
Rooftop Pool
SPA
Sauna
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Storage Areas
Valet parking
Walking paths
Yoga Area
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Al Marjan Island

Developer and Project Facts

01

Gianfranco Ferre Residences by Mira Developments

02

Located in Al Marjan Island

03

Starting from AED 1,613,000

04

Unit mix includes Studio, 1 BR, 2 BR, 3 BR

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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