Source of Fate, a real estate developer in the UAE under the Wheel of Fate Group, has launched ‘Miraggio,’ a waterfront residential project valued at AED2.6bn on the central islet of Al Marjan Island in Ras Al Khaimah.
The development is positioned beside Wynn Al Marjan Island and offers connections to Ras Al Khaimah City Centre, Ras Al Khaimah International Airport and Dubai. The launch comes as Ras Al Khaimah’s real estate market expands at a CAGR of 10.05 per cent to 2030.
Miraggio comprises 810 units, including studios, 1-, 2- and 3-bedroom apartments ranging from 420 to 3,026sq ft. The units feature open-plan layouts, fitted kitchens, floor-to-ceiling windows and views of the Arabian Gulf. The development incorporates energy-efficient smart technologies.
“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,” Dr. Majid Jack Hsiung, Founder and CEO of Source of Fate Properties said.
The development includes a retail podium and amenities such as an infinity pool, gym and wellness centre, recreational areas and private beach lounges.
