Gianfranco Ferre Residences

Gianfranco Ferre Residences, developed by MIRA Developments on Al Marjan Island in Ras Al Khaimah, is a single-building collection of 56 fully furnished residences carrying the name and aesthetic language of the Italian fashion house. Completion is scheduled for Q1 2028, with units currently on sale and construction under way.

# The building and its position on Al Marjan Island

Al Marjan Island is a man-made archipelago extending into the Arabian Gulf from the Ras Al Khaimah coastline, composed of four coral-shaped formations linked by a central boulevard. It has attracted a string of hotel and resort operators over the past decade, and residential development has followed that hospitality infrastructure rather than preceded it. The island's geography means that water views are available from multiple orientations, not merely a single favoured facade.

The Gianfranco Ferre Residences building is designed on a U-shaped plan, a configuration that orients the majority of units toward Gulf panoramas while creating a sheltered courtyard volume at the building's core. With 56 residences across a single structure, the project sits at a scale closer to a boutique hotel than a conventional residential tower.

# Residences, layouts and specification

The development spans studios through to four-bedroom residences, priced from AED 1.613 million to AED 15.281 million and sized from 443 sq ft to 5,387 sq ft. That range is unusually broad for a 56-unit building, signalling a deliberate mix of compact pied-à-terre formats and expansive full-floor or near-full-floor plans.

One-bedroom apartments cluster between roughly 850 and 970 sq ft, priced from AED 2.522 million. Two-bedroom units span a notably wide band, from around 1,275 sq ft at AED 3.809 million up to approximately 3,262 sq ft at AED 10.439 million, suggesting that some carry substantial terrace or outdoor pool space. Three-bedroom residences range from 2,371 sq ft to 3,706 sq ft, priced from AED 7.366 million, while the four-bedroom units reach 5,387 sq ft at up to AED 15.281 million.

All apartments are delivered fully furnished, with interiors attributed to the Gianfranco Ferre brand and kitchens fitted as standard. Smart home systems are included across the range. Service charges are set at AED 25 per sq ft per year.

# Private terrace pools

Several units, spanning the two and three-bedroom categories in particular, carry private terrace pools. This is reflected in the size premiums visible within each bedroom tier: a 3,226 sq ft two-bedroom costs proportionately more per square foot than its 1,274 sq ft equivalent in the same category, with the outdoor amenity accounting for a meaningful share of that footprint.

# Amenities within the building

The amenity programme is structured around resort-style outdoor facilities and dedicated fitness infrastructure. Separate resort pools are provided alongside a children's pool, and pool areas are complemented by landscaped gardens. The fitness provision is split across distinct gym spaces rather than consolidated into a single room. Water sports access is listed as part of the offering, consistent with the building's proximity to the Gulf. On-site restaurants round out the ground-level programme.

# Connections and proximity

Pacific Buildings Beach sits 0.5 km from the development, accessible on foot. The Public Park on Al Marjan Island is 3.3 km away. Al Hamra Mall, which provides the nearest concentration of retail and dining beyond the building itself, is 9.8 km out. RAK Academy Al Hamra, a British curriculum school, is 12.3 km distant, relevant for buyers with children. Ras Al Khaimah International Airport is 38.7 km away. Dubai International Airport is accessible via the E11 coastal highway, making the island a realistic base for frequent travellers to the UAE's main aviation hub.

# Who this building addresses, and where it sits in the RAK market

Al Marjan Island is at a particular moment. Wynn Resorts has confirmed its first property outside North America and Macau for the island, which has materially raised the profile of Ras Al Khaimah among international buyers who previously focused almost exclusively on Dubai. That context matters for the Gianfranco Ferre Residences, which pitches itself at buyers seeking a furnished, low-maintenance asset in an island setting, priced well below comparable square footage in Palm Jumeirah or Dubai Harbour.

The fashion-house branding, Italian furniture specification and U-shaped seafront massing address a buyer profile common across European and GCC markets: an individual or family seeking a second home that carries some aesthetic identity, generates plausible rental income during unoccupied periods, and holds a capital value supported by the island's ongoing development pipeline. The service charge of AED 25 per sq ft is a figure worth modelling carefully at the upper end of the size range, particularly for the larger three and four-bedroom formats where annual charges will reach six figures in dirhams.