Mira Developments

What Mira Developments does

Mira Developments L.L.C is a Dubai-headquartered, founder-led luxury real estate developer founded in 2023 by Timur Mamaikhanov. The company builds, sells, and operates branded, fully furnished residential, hospitality, commercial and master-planned community projects differentiated by exclusive licensing partnerships with global fashion and lifestyle brands including Bentley Home, ELIE SAAB Maison, Trussardi Casa, Gianfranco Ferré Home, John Richmond, ETRO Home, and Jacob & Co. Its portfolio spans 2,215 units and 473,300 m² of planned living space across the UAE (Dubai, Ras Al Khaimah, Abu Dhabi), Switzerland (Andermatt), Georgia (Tbilisi Hills), and Oman (Salalah), including flagship projects such as Mira Villas by Bentley Home (Meydan), Richmond District (Al Furjan), Trussardi Residences Phase II, Mira Coral Bay with Marjan, POST Hotel & Residences by ELIE SAAB, Mira Verde, and an AED 55 billion Abu Dhabi master-planned community with AD Ports Group.

The company operates a vertically integrated platform: M1 Construction (in-house construction arm) controls build standards, materials and execution; Mira Logistics and Furniture handles furnishing supply; Mira Holiday Homes and Mira Real Estate manage rental and brokerage operations; and supporting units (Mira Business FM, Mira Apparel, Mira Legal, Mira Search, Mira General Trading, LOCUS Gastro Hub, S&B Grooming) provide media, legal, and partner-services infrastructure. Mira Care, a 5-year maintenance warranty launched in March 2026, is the first such standard policy offered by a UAE developer. Distribution runs through a dedicated direct sales force at the Art of Living Mall Sales Gallery and the Mira Brokers Club network of 200+ broker professionals, complemented by international exhibition presence (MIPIM, EXPO REAL, Cityscape Qatar, LPS Shanghai, Salone del Mobile).

The business model is primarily one-time-sale of off-plan and near-completion units at premium price points (AED 706K to AED 27.2M+), supplemented by branded hospitality (hotel-managed residences), Grade A office sales, and master-community commercial components. Customers are ultra-high-net-worth and high-net-worth individuals and international expatriates across the GCC, Europe, and CIS, with payment plans tailored for off-plan buyers including up to 50% post-handover installments (36 months to multi-year) and — for Mira Verde Georgia — an 8% guaranteed return for 10 years under professional rental management. Growth is currently funded by off-plan sales receipts, JV land contributions (AD Ports Group, Marjan) and founder capital, with no disclosed external funding rounds; headcount is around 1,070.

Name

Mira Developments

Legal name

Mira Developments L.L.C

Website

https://miradevelopments.ae

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Mira Developments is a Dubai-based luxury real estate developer founded in 2023 that builds branded, fully furnished residential, hospitality, and master-planned community projects through exclusive partnerships with global fashion brands such as Bentley Home, ELIE SAAB, and Trussardi, targeting HNWI and UHNWI buyers across the UAE, Switzerland, Georgia, and Oman.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

akta.pro primary industry

Ultra-Luxury Villas & Estates (THAMAEAA)

akta.pro secondary industries

Luxury Beachfront & Waterfront Villas (THAMAEAE), Luxury Villas & Residences Resorts (THAGACAM)

Keywords

• Luxury real estate development
• Branded residential properties
• Master-planned communities
• Premium property investment
• Commercial office space

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Branded Residential Property Sales: Primary revenue stream from sales of fully furnished, branded residential units including apartments, villas, mansions, and townhouses across developments in UAE, Georgia, and Switzerland. Properties are sold with flexible payment plans including post-handover installment options.
2. Branded Hospitality Projects: Revenue from branded hotel and serviced residence developments like POST Hotel & Residences by ELIE SAAB, which combine residential ownership with hotel-managed rental programs for dual-purpose income generation.
3. Commercial Office Spaces: Sale of branded Grade A office spaces within residential developments, such as Trussardi-branded offices at Trussardi Residences Phase II, targeting mainland trade license businesses.
4. Master-Planned Community Development: Large-scale mixed-use community developments with multiple components including residential, commercial, hospitality, retail, and social infrastructure. Examples include AED 55 billion Abu Dhabi project and AED 30+ billion expansion portfolio.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Mira Developments is a Dubai-based luxury real estate developer that builds, designs, and sells branded, fully furnished residential properties, branded hospitality projects, commercial offices, and large-scale master-planned communities. Properties are developed in partnership with iconic global brands such as Bentley Home, ELIE SAAB, Trussardi, Gianfranco Ferré Home, John Richmond, ETRO Home, and Jacob & Co., offering turnkey-ready homes with designer interiors, premium appliances, and hotel-style services across the UAE, Georgia, and Switzerland.

Product overview

Mira Developments is a luxury real estate developer offering premium branded, fully furnished residential and hospitality projects across the Middle East and Europe. The portfolio includes branded residences (Richmond District, Gianfranco Ferré Residences, Trussardi Residences Phase II, Trussardi Residences), ultra-luxury villas (Mira Villas designed by Bentley Home), hotel and branded residences (POST Hotel & Residences by ELIE SAAB), master-planned waterfront communities (Mira Coral Bay), and branded master communities (Mira Verde in Georgia). All properties are turnkey-ready with designer interiors, premium appliances, and hotel-style services. Supporting initiatives include Mira Care (maintenance warranty program), Mira Business FM (digital media platform), and Mira Explorer (partner recognition program).

Differentiator

Problem solved

Functional benefit

Brands

• Mira Care: Five-year maintenance warranty programme covering MEP installations, interior finishes, and a three-year warranty on branded loose furniture — first implemented across all Mira Developments residential projects delivered from 2026 onwards.
• Mira Business FM
• Mira Brokers Club
• Mira Explorer
• Mira Academy
• M1 Construction

Products and services

• Richmond District Fully furnished residential development in Al Furjan, Dubai featuring studios, 1-2 bedroom apartments in five branded residential towers with shared podium amenities including adaptive mashrabiya facade system. Co-developed with British designer John Richmond with target completion Q1 2029 and pricing starting from AED 913,000 under a 45/5/50 payment plan with three-year post-handover installments.
• Gianfranco Ferré Residences Branded waterfront residences at the tip of Al Marjan Island, Ras Al Khaimah featuring fully furnished studios, 1-2 bedroom apartments, and spacious 2-4 bedroom duplexes with sea views and Italian interiors by Gianfranco Ferré Home. Pricing starts from AED 1.6M for studios and AED 15.5M for four-bedroom duplexes, with a 50/50 post-handover payment plan over three years.
• Trussardi Residences Phase II Second phase of Italian-branded residences in Discovery Gardens, Al Furjan, Dubai featuring two towers with shared podium amenities including a 100-meter pool, Technogym facilities, and hotel-style services. Pricing starts from AED 1.1M with a payment plan of 45% during construction, 5% upon handover, and 50% over 36 months post-handover. Handover scheduled Q2 2027.
• Trussardi Residences (Phase I) Italian-branded residences in Discovery Gardens, Al Furjan, Dubai embodying the contemporary elegance of the Trussardi fashion house with fully furnished interiors and hotel-style services. Launched as the company's first Trussardi branded project in February 2024.
• POST Hotel & Residences by ELIE SAAB Branded alpine residences and hotel project in Andermatt, Switzerland, transforming the historic Drei Könige und Post chalet into 16 branded residences and 21 hotel rooms with ELIE SAAB Maison interiors and panoramic mountain views. Pricing starts from AED 20.5M under a 60/40 payment plan with handover scheduled Q3 2027; architecture by A++ Group.
• Mira Villas designed by Bentley Home Exclusive villa community of 36 residences (27 five-bedroom villas and 9 five-bedroom mansions) in District 11, Meydan, Dubai with Bentley Home interiors, private lagoon access, and premium amenities from Bernardaud, Christofle, Lalique, Frette, and Gaggenau. Pricing starts from AED 27.2M under a 50/50 payment plan, with complimentary limited-edition Bentley car included with 5-bedroom mansion purchase; handover Q4 2026.
• Trussardi Offices at Trussardi Residences Phase II Grade A commercial office spaces in Tower B of Trussardi Residences Phase II, Al Furjan, Dubai, fully furnished by Trussardi Casa with metro access and targeting mainland trade license businesses. Pricing starts from AED 2.3M under a 10/50/40 payment plan with handover scheduled Q4 2027.
• Mira Coral Bay World-first luxury multi-branded waterfront community in Al Mairid, Ras Al Khaimah developed as a joint venture with Marjan and 14 global brand partners. The community comprises 124 villas, 100 townhouses, 400 apartments, branded hotels, beach clubs, and restaurants with masterplan by Marco Casamonti and Archea Associati. Pricing available on application.
• Mira Verde (Tbilisi) Georgia's first branded master-planned community at Tbilisi Hills comprising 600 apartments, 104 villas, and 80 townhouses with an 18-hole golf course, wellness facilities, European school, and AI university. Pricing starts from AED 706,475 under a 60/40 payment plan with an 8% guaranteed return for 10 years under professional rental management and a 5-year maintenance warranty.
• Abu Dhabi Master-Planned Community (with AD Ports Group) Large-scale AED 55 billion mixed-use master-planned community in Abu Dhabi's Al Mamoura district developed under a land sale and development agreement with AD Ports Group. Planned scope includes 14,000 apartments, 1,700 villas, 200-bed hospital, hotels, schools, universities, a museum, and a major shopping mall along the Abu Dhabi-Dubai motorway, with phased completion targeted over ten years.

Quantifiable outcome

• Over 4,000 attendees at Richmond District launch demonstrating strong demand for branded developments
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered flagship, core and secondary.

• AD Ports GroupflagshipStrategic or Co-development Partner · 6 October 2025AD Ports Group signed AED 55 billion land sale and development agreement with Mira Developments to create a large-scale master-planned community in Abu Dhabi's Al Mamoura district. The agreement covers a prime land parcel along the Dubai-Abu Dhabi highway with residential, commercial, leisure components, major shopping mall, business complex, luxury hotels, golf courses, and educational institutions. Construction to commence within 12 months with full completion within 10 years.
• John RichmondcoreOEM/ Whitelabel/ Licensing Partner · 29 September 2025John Richmond partnership for Richmond District in Al Furjan, Dubai - branded residential development featuring the British designer's aesthetic blending irreverence and luxury. Also includes Richmond Towers project. Design by Marco Casamonti of Archea Associati.
• Arav GroupsecondaryStrategic or Co-development Partner · 29 September 2025Partner in Richmond Towers project unveiled in London alongside Mira Developments and John Richmond.
• ELIE SAAB MaisoncoreOEM/ Whitelabel/ Licensing Partner · 1 July 2025ELIE SAAB Maison partnership for POST Hotel & Residences in Andermatt, Switzerland - the fashion house's debut in hospitality. Also developing projects in Georgia. Residences feature exclusive ELIE SAAB Maison collection pieces.
• Gianfranco Ferré HomecoreOEM/ Whitelabel/ Licensing Partner · 24 June 2025Gianfranco Ferré Home partnership for waterfront residences at Al Marjan Island, Ras Al Khaimah. Italian brand bringing architectural lines, tailored proportions, and refined materials to fully furnished residential units.
• Marjan (RAK)flagshipStrategic or Co-development Partner · 22 May 2025Joint venture between Marjan and Mira Developments to create Mira Coral Bay - the world's first luxury waterfront community with 14 globally renowned brands. Located on the shores of Al Mairid, Ras Al Khaimah, featuring branded hotels, beach clubs, restaurants, villas, townhouses, and apartments.
• Bentley HomecoreOEM/ Whitelabel/ Licensing Partner · 1 February 2023Bentley Home partnership for Mira Villas designed by Bentley Home - Dubai's first branded villa community featuring signature interiors inspired by Bentley automotive design. Residences include bespoke furnishings, private lagoon access, and premium appliances from Bernardaud, Christofle, Lalique, Frette, and Gaggenau.
• Trussardi (Casa)coreOEM/ Whitelabel/ Licensing Partner · 1 February 2023Trussardi Casa partnership for multiple branded residence projects including Trussardi Residences Dubai, Trussardi Residences Phase II, and Trussardi Residences Tbilisi. Italian fashion icon bringing Milanese design philosophy to residential developments.
• ETRO HomesecondaryOEM/ Whitelabel/ Licensing PartnerETRO Home collection partnership bringing Italian heritage, expressive colors, immersive fabrics to branded residential interiors.
• Jacob & Co.secondaryOEM/ Whitelabel/ Licensing PartnerJacob & Co. Haute Living Collection partnership featuring luxury furnishings with precious materials, innovative design, and meticulous attention to detail.
• ONIRO GroupsecondaryOEM/ Whitelabel/ Licensing PartnerItalian craftsmanship and furniture design partnership representing quality, artistry, and creative excellence.
• Luxury Living GroupsecondaryOEM/ Whitelabel/ Licensing PartnerItalian high-end furniture design, production, and distribution partnership serving luxury brands.
• Lighthouse PropertiescoreStrategic or Co-development PartnerStrategic partner for broker engagement and sales operations. Marwan Al Kindi serves as Founder and CEO. Collaborates on broker events, Mira Paddle Championship, and Summer Offer initiatives.
• TechnogymsecondaryOEM/ Whitelabel/ Licensing PartnerFitness equipment partnership providing exclusive gym designs across branded developments including Richmond District, Trussardi Residences Phase II, and Gianfranco Ferré Residences.
• Marco Casamonti & Partners / Archea AssociatisecondaryTechnology or IntegrationArchitectural design partnership responsible for Mira Coral Bay masterplan and Richmond District architecture in collaboration with brand partners.
• A++ GroupsecondaryTechnology or IntegrationArchitectural design partnership for POST Hotel & Residences by ELIE SAAB in Andermatt, Switzerland.

Scale indicators15 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• DAMAC Properties: DAMAC is the closest direct peer - a Dubai-headquartered luxury developer famous for brand-licensed residences with fashion and automotive brands (DAMAC Maison, DAMAC Hills, partnerships with Versace, Fendi, Bugatti, Cavalli). Competes head-to-head in the branded luxury segment that Mira targets.
• Binghatti Developers: Dubai-based developer pursuing an aggressive brand-licensing strategy with Mercedes-Benz, Jacob & Co., Bulgari, and El Secreto. Directly competes with Mira in branded luxury residences targeting HNW buyers in similar Dubai submarkets like Al Furjan and Business Bay.
• Omniyat: Dubai-based ultra-luxury developer known for high-end branded residences (the Opus by Zaha Hadid, Dorchester Collection residences). Targets the same UHNWI segment as Mira with similar one-of-a-kind design-led positioning and hospitality integration.
• Select Group: UAE-based developer focused on luxury residential and mixed-use projects including Jumeirah Living Marina Gate and Peninsula developments. Competes directly with Mira in Dubai luxury apartments targeting HNW investors.

Broad incumbents

• Emaar Properties: The largest UAE developer (Burj Khalifa, Dubai Mall, Downtown Dubai, Dubai Hills, Emaar Beachfront). Operates across mass-market through ultra-luxury and is the dominant benchmark for Dubai residential quality and pricing - Mira's management team includes several former Emaar senior leaders.
• Aldar Properties: Abu Dhabi's largest listed developer with expanding Dubai presence and Yas Island master communities. Competes in the same Abu Dhabi master-planned community space where Mira has its flagship AED 55B AD Ports project.
• Nakheel: Dubai-based master developer behind Palm Jumeirah, The World Islands, and Jumeirah Islands. Operates at a similar master-planned community scale to Mira's new Abu Dhabi and Mira Verde projects, with comparable residential and mixed-use offerings.
• Meraas: Dubai Holding-owned lifestyle developer (Bluewaters Island, La Mer, City Walk). Focuses on design-led, mixed-use luxury destinations - overlapping with Mira's lifestyle-led branded community thesis. Former employer of Mira's Managing Director Omar Gull.

Emerging players

• Ellington Properties: Design-led boutique Dubai developer focused on mid-to-high-end residential with strong interior-design identity. Overlaps with Mira's design-first positioning though at a lower price point and without the global brand-licensing model.

Regional players

• Hines: US-headquartered global real estate developer with active branded-residence projects in partnership with fashion houses (e.g., Missoni, Baccarat). Comparable in applying brand-licensing to luxury residential though operating primarily outside the MENA region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@MiraBusinessFM
• Instagraminstagram.com/mira.developments
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mira Developments