‘Miraggio’: New Dh2.6 billion waterfront project boosts Ras Al Khaimah’s property market
Source of Fate’s project to feature 810 sea-facing apartments and resort amenities
DUBAI – Source of Fate, a luxury real estate developer under the Wheel of Fate Group, has unveiled ‘Miraggio,’ a Dh2.6 billion residential project set on the central islet of Al Marjan Island in Ras Al Khaimah.
The development marks a defining step in the Emirate’s growth as a prime global hub for property and investment, where the real estate sector is projected to expand at a CAGR of 10.05 percent through 2030.
Strategically located beside Wynn Al Marjan Island, the project offers seamless connectivity to Ras Al Khaimah City Centre, Ras Al Khaimah International Airport, and Dubai, making it a prime address for both residents and investors.
Miraggio: Luxury residences
Miraggio comprises 810 residential units ranging from studios to three-bedroom apartments, with sizes spanning 420 to 3,026 sq. ft. Each home is designed with open-plan layouts, floor-to-ceiling windows, and panoramic Arabian Gulf views. Fully fitted kitchens and energy-efficient smart technologies complete the offerings, creating a balance between sustainability, comfort, and luxury.
The project’s design ethos embraces resort-inspired living, with amenities such as an infinity pool, private beach lounges, wellness facilities, a gym, and recreational areas. A retail podium adds further convenience for residents and visitors.
Dr. Majid Jack Hsiung, Founder and CEO of Source of Fate Properties, said the development underlines Ras Al Khaimah’s appeal as a luxury living destination supported by natural coastlines, expanding infrastructure, and an investor-friendly environment. He emphasised that Miraggio’s proximity to the Wynn Resort reflects the ambition to provide residents with an exceptional lifestyle while addressing the growing demand in the Emirate’s property sector.
To extend its reach among international buyers, Source of Fate has partnered with Savills as the exclusive sales partner. The collaboration continues a successful history between the two firms, with Savills expected to leverage its global expertise to attract discerning investors worldwide.
Andrew Cummings, Head of Residential Agency at Savills, described Miraggio as an exceptional project offering “a lifestyle ecosystem that international buyers are seeking today.” He highlighted its potential for strong rental yields and long-term value appreciation, aligning with the Emirate’s growing reputation as a tourism and investment hub.