Page 53 - Source of Fate PR Report - October 2025

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

Source of Fate launches AED 2.6 billion luxury

waterfront development ‘Miraggio’ on Al

Marjan Island

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 to
combine comfort, style, and sustainable living.

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