Page 49 - 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 News 247

Source of Fate launches AED 2.6 billion luxury

waterfront development ‘Miraggio’ on Al Marjan

Island

By PR News Desk 01/10/2025

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.

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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