Page 46 - Source of Fate PR Report - October 2025

Source of Fate unveils AED 2.6bn "Miraggio" luxury waterfront project on Al Marjan Island

Sea view, rendering
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.”
To reach both local and global investors, Source of Fate has partnered with Savills as the exclusive sales partner. 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.”
Miraggio aligns with Ras Al Khaimah’s real estate sector growth, forecasted to expand at a CAGR of 10.05% through 2030. Its prime location and upscale
amenities position it as a benchmark project for luxury living on Al Marjan Island.

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