Miraggio
About Miraggio – Waterfront Apartments in Ras Al Khaimah
Miraggio by Source of Fate is a premium waterfront development located on a prime seafront plot of Al Marjan Island, Ras Al Khaimah. The project is now launching Tower C—a 15-storey building with a ground-floor retail podium and a curated mix of spacious studios, 1-, 2-, and 3-bedroom apartments. This release marks the latest phase in one of the island’s most anticipated new communities.
The full development will include 810 units, with only 48 limited-edition studios available across all towers. Apartments range from 689 to 1,547 sq. ft., offering fully equipped kitchens, smart infrastructure readiness, and modern open-plan layouts. Though unfurnished, interiors reflect a resort-style sensibility with clean aesthetics, maximizing natural light and sea views. Most residences include private balconies overlooking the Arabian Gulf.
Miraggio is the second major launch by Source of Fate, a boutique developer under the Wheel of Fate Group. Building on the success of their debut project, Miraggio reflects the group’s vision for lifestyle-centric, architecturally elevated coastal living—tailored to discerning investors and end-users alike.
About the Project
Property Types & Floor Plans
1 bedroom Apartments
Area
2-bedroom Apartments
Area
3-bedroom Apartments
Area
Studios
Area
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Get a free consultation from sales team
Our specialists will consult you on any issues and help you conclude a swift transaction with the lowest risk in order to protect your investment.
Amenities of Miraggio by Source of Fate
Limited Edition Studios
With only 48 studios across the entire development, Miraggio offers a rare opportunity for compact waterfront living in a premium setting.
Retail & Boulevard Living
The podium includes retail units, creating a walkable community feel, with cafés, boutiques, and wellness services at your doorstep.
Swimming pool
Fitness center
Landscaped terraces
24/7 concierge
Direct beach access
About Company
The Metropolitan Premium Properties team will gladly help you resell/rent out your property to generate profit. We will find potential buyers/tenants with the help of our efficient marketing campaigns and handle all the paperwork and operational issues.
120,000
Customers
15 years
Of productive work
Top-5
Best Performing Agencies
>700
People on its team
Economic Appeal of Miraggio
Miraggio combines ultra-prime positioning with a competitive pricing structure and excellent payment terms. With off-plan property prices in Ras Al Khaimah rising 15–20% in 2024 and tourism growth surging by 12%, Al Marjan Island has quickly become one of the UAE’s most promising investment hotspots.
The 5% pre-launch discount and 60/40 payment plan with 2 years post-handover make Miraggio a smart, accessible opportunity for investors seeking high ROI potential and long-term capital appreciation.
804 sq. ft.
1-3BR
Real estate types:
Units in Miraggio are expected to attract both short- and long-term tenants, especially with the launch of the Wynn Casino nearby. 1-bedroom apartments may command upwards of AED 90,000 per year with a projected ROI of 6–7%.
With low supply and high demand on Al Marjan Island, investors purchasing at pre-launch prices could see double-digit appreciation before handover in Q4 2028.
Miraggio is ideal for professionals, remote workers, and families seeking tranquil living with beach access, smart layouts, and modern retail at their doorstep. Residents benefit from concierge services, nearby schools and clinics, and proximity to Ras Al Khaimah’s top resorts and leisure destinations.
Attractive 60/40 Payment Plan from Source of Fate
10%
10%
35%
5%
40%
Download brochure
Brochure
PDF 20.24 Mb
Location
Al Marjan Island is an artificial island located off the coast of the Arabian Gulf, and belongs to the emirate of Ras Al Khaimah. It consists of four small sections that were designed to form the shape of a coral. The communities of Umm Al Quwain, Al Hamra Village and Mina Al Arab are adjacent to the island. The Al Marjan Island area offers all the necessary facilities to enjoy the most memorable resort holiday imaginable.
Exclusive resorts such as Rixos Bab Al Bahr, Movenpick Resort Al Marjan Island and DoubleTree by Hilton Resort & Spa Marjan Island are located nearby.
About the Al Marjan Island
Style
Mediterranean
Focal point
Exclusive resorts
ACCESSIBILITY
30min
Ras Al Khaimah International Airport
60min
Dubai International Airport
MEDICAL AND EDUCATIONAL INSTITUTIONS
12min
RAK Academy – British School Al Hamra – BSH
12min
RAK Medical Center Al Hamra
15min
Al Ghadeer Kindergarten:9011
15min
Al Afia Medical Center
ENTERTAINMENT
9min
Umm Al Quwain
10min
Al Hamra Mall
14min
Al Hamra Golf Club
16min
Al Hamra Marina & Yacht Club
FAQ
Miraggio is developed by Source of Fate, a luxury real estate brand under the Wheel of Fate Group.
The project is located on Al Marjan Island in Ras Al Khaimah, on a prime waterfront plot near the Wynn Casino.
Miraggio offers studios, 1, 2, and 3-bedroom apartments, with select residences enjoying sea views and spacious layouts.
Handover is scheduled for Q4 2028.
A 60/40 payment plan with 2 years post-handover payment period (PHPP) is available. EOI: AED 50,000 (refundable).
Studios: from AED 1.2M
1BR: from AED 2.4M
2BR: from AED 4.1M
3BR: from AED 5.8M
Yes. Buyers benefit from a 60/40 plan, with 40% payable over 2 years after handover — ideal for long-term investors.
Its freehold status, beachfront lifestyle, Wynn Casino, and affordable luxury pricing make it one of the UAE’s top emerging investment hotspots.
No, apartments are delivered unfurnished but include fully equipped kitchens and high-quality finishing throughout.
Apartments include smart entry systems, building-wide high-speed connectivity, and infrastructure readiness for future home automation.
Yes, the project is in a freehold zone, open to both local and foreign buyers.
Yes, buyers are eligible for UAE residency.
Investments from AED 750,000 qualify buyers for a 2-year residence visa.
Investments of AED 2 million or more qualify for a 10-year Golden Visa, including benefits for family members.
Yes, with limited inventory, proximity to the first regional casino, and strong tourism growth, Miraggio offers high potential for capital appreciation and rental returns.
Absolutely. With spacious layouts, a peaceful setting, retail on the ground floor, and family-friendly amenities, Miraggio is ideal for those seeking a serene waterfront lifestyle.
Residents enjoy a resort-style atmosphere, direct beach access, vibrant hospitality options, and proximity to malls, schools, and healthcare — all in a secure and tranquil environment just under an hour from Dubai.
Project materials
Get a free consultation from sales team
Our specialists will consult you on any issues and help you conclude a swift transaction with the lowest risk in order to protect your investment.
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Attractive 60/40 Payment Plan from Source of Fate
Download brochure
Brochure
PDF 20.24 Mb
Download all floor plans
Floor Plans
PDF 6.06 Mb
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