Page 50 - 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

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.

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