Page 51 - Source of Fate PR Report - October 2025

Source of Fate launches AED 2.6 billion luxury waterfront development ‘Miraggio’ on Al Marjan Island | UAE News 24/7

SOURCE OF FATE LAUNCHES AED 2.6

BILLION LUXURY WATERFRONT

DEVELOPMENT ‘MIRAGGIO’ ON AL

MARJAN ISLAND

OCTOBER 1, 2025 UAENEWS247

UAE, October 01, 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

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