Page 24 - Source of Fate PR Report - October 2025

RAK real estate: Source of Fate launches new $708mn Miraggio Waterfront project on Al Marjan Island - Arabian Business: Lat…
810-Unit Miraggio Development unveiled in Ras Al Khaimah by Source of Fate
properties

Miraggio comprises 810 units, including studios, 1-, 2-, and 3-bedroom apartments
ranging from 420 to 3,026 sq. ft.

The units feature open-plan layouts, fitted kitchens, floor-to-ceiling windows, and views

of the Arabian Gulf. The development incorporates energy-efficient smart technologies.

“We are pleased to launch Miraggio in Ras Al Khaimah, an Emirate rapidly establishing
itself as a premier destination for luxury living, driven by its natural coastlines, growing

infrastructure, and investor-friendly environment. Miraggio, with its range of features,
including its location near the Wynn Resort, caters to the needs of individuals seeking

an exceptional lifestyle. The project reflects our ambition to create high-end innovative
developments, while addressing the growing demands of residents living in the

Emirate,” Dr. Majid Jack Hsiung, Founder and CEO of Source of Fate Properties said.

Source of Fate has partnered with Savills as the sales partner for Miraggio. The
partnership aims to reach local and international investors using Savills’ network to

position the development among buyers worldwide.

“We are proud to be a part of this exceptional residential development. Miraggio

provides a lifestyle ecosystem that international buyers are seeking today. It is
strategically positioned within a rapidly growing tourism and investment hub that offers

strong investment potential, high rental yields, and long-term value appreciation. With a
focus on excellence and trust, we look forward to driving its sales success,” Andrew

Cummings, Head of Residential Agency at Savills added.

The development includes a retail podium and amenities such as an infinity pool, gym
and wellness centre, recreational areas and private beach lounges.

Source of Fate Properties has delivered projects on time with a focus on quality and

craftsmanship, creating developments with design and execution that set them apart in
the market.

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