Page 38 - Source of Fate PR Report

Page 38 - Source of Fate PR Report - October 2025

P. 38

Source of Fate launches AED 2.6bln luxury waterfront development ‘Miraggio’ on Al Marjan Island
Miraggio features 810 units, including studios, 1-, 2-, and 3-bedroom apartments, ranging from 420 to
3,026 sq. ft, offering open-plan layouts, fully fitted kitchens, floor-to-ceiling windows, and sea-facing
Arabian Gulf views. The development integrates energy-efficient smart technologies to combine
comfort, style, and sustainable living.

Dr. Majid Jack Hsiung, Founder and CEO of Source of Fate Properties, stated: “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.”

In line with its strategy to reach both local and international investors, Source of Fate has partnered
with Savills as the exclusive sales partner for Miraggio. Their longstanding partnership builds on a

proven track record of successful projects together. The developer will leverage Savills’ global
expertise to position the development among discerning buyers worldwide, further underscoring
international confidence in Ras Al Khaimah’s growing property market.

Andrew Cummings, Head of Residential Agency at Savills said: “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.”

The development is further elevated by a retail podium and an extensive suite of resort-style

amenities, including an infinity pool, fully equipped gym and wellness centre, recreational areas and
private beach lounges.

Backed by a proven track record of on-time delivery, exceptional quality and meticulous
craftsmanship, Source of Fate Properties continues to set itself apart through developments that are

distinctly different in their design ethos and execution.

With its prime waterfront location, sophisticated design, and cutting-edge amenities, Miraggio is
poised to become a landmark icon in the region and set a benchmark for luxury living on Al Marjan
Island.