Page 39 - Source of Fate PR Report - October 2025

PRESSR: Source of Fate launches AED 2.6bln luxury waterfront development ‘Miraggio’ on Al Marjan Island — TradingView N…
PRESSR: Source of Fate launches AED 2.6bln

luxury waterfront development ‘Miraggio’ on

Al Marjan Island

Oct 1, 2025, 13:08 GMT+4Refinitiv3 min read

SVS +0.30%

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.

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

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