Page 34 - Source of Fate PR Report - October 2025

Source of Fate Unveils $708M Miraggio Waterfront Residences in RAK
The launch marks a significant milestone in the Emirate’s transformation into a premier global
destination for real estate investment. With Ras Al Khaimah’s property market forecast to

expand at a CAGR of 10.05 percent through 2030, Miraggio reflects both the growing demand

and investor confidence in the region.

Prime Location Beside Wynn Resort

Strategically located next to the highly anticipated Wynn Al Marjan Island, the project offers
residents seamless access to Ras Al Khaimah City Centre, Ras Al Khaimah International

Airport, and Dubai, making it one of the most connected luxury addresses in the UAE.

Residences with Sea-Facing Views

Miraggio will feature 810 units, including studios and 1-, 2-, and 3-bedroom apartments,
ranging from 420 sq. ft. to 3,026 sq. ft. Each residence is designed with open-plan layouts,

fully fitted kitchens, floor-to-ceiling windows, and panoramic Arabian Gulf views.

The development also integrates energy-efficient smart technologies, balancing modern

comfort with sustainable living principles.

Developer Vision

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

“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.”

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