Page 55 - Source of Fate PR Report - October 2025

Source Of Fate Launches AED 2.6 Billion Luxury Waterfront Development Miraggio On Al Marjan Island - Ras Al Khaimah Cit…
Source Of Fate Launches AED 2.6 Billion Luxury Waterfront Development Miraggio On Al
Marjan Island (1 October 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.

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. Miraggioprovides 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 qualityand 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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