Page 42 - Source of Fate PR Report - October 2025

Source of Fate launches AED 2.6 billion luxury waterfront development ‘Miraggio’ on Al Marjan Island - Middle East Business N…

Source of Fate launches AED 2.6 billion luxury
waterfront development ‘Miraggio’ on Al Marjan

Island

October 2, 2025

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.

Advertise here.

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.

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