Page 37 - Source of Fate PR Report - October 2025
P. 37
Source of Fate launches AED 2.6bln luxury waterfront development ‘Miraggio’ on Al Marjan Island
Miraggio Al Marjan Island. Image Courtesy: Source of Fate
Source of Fate launches AED 2.6bln luxury waterfront
development ‘Miraggio’ on Al Marjan Island
Signals a new phase in the Emirate’s transformation into a premier global destination for
real estate and investment
Press Release
October 1, 2025
UAE: Source of Fate, a high-end luxury real estate developer in the UAE, under the Wheel of Fate
Group, has unveiled ‘Miraggio,’ an AED 2.6 billion luxurious waterfront residential project on the
central islet of Al Marjan Island, Ras Al Khaimah.
The new development signals a new phase in the Emirate’s transformation into a premier global
destination for real estate and investment, with Ras Al Khaimah’s real estate market expanding at a
CAGR of 10.05 per cent to 2030. It is strategically located beside Wynn Al Marjan Island and provides
unparalleled connectivity to Ras Al Khaimah City Centre, Ras Al Khaimah International Airport, and
Dubai.
https://www.zawya.com/en/press-release/companies-news/source-of-fate-launches-aed-26bln-luxury-waterfront-development-miraggio-on-al-marj… 1/3
