Page 54 - Source of Fate PR Report - October 2025

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