Miraggio by Source of Fate is a striking example of new-generation resort architecture. The 16-storey residential complex is located in the central part of Al Marjan Island in Ras Al Khaimah and blends seamlessly into the coastal landscape by virtue of its cascading terraces, flowing façades and natural palette of materials. The project developer is boutique company Source of Fate, which holds a portfolio of premium properties in the UAE and has won a number of international awards. Miraggio on Al Marjan Island was named the best coastal complex and won several architectural prizes.
The project comprises 810 residences ranging in size from 420 sqft (39 m²) to 3026 sqft (281 m²). A limited number of studios and 1-3 bedroom apartments are available for sale. All properties at Miraggio by Source of Fate offer spacious terraces with views of the bay and the waterfront. The interiors are designed in a restrained style using natural stone, glass and light wood textures.
Miraggio's infrastructure includes an infinity pool, tropical gardens, a juice bar, a gym, a yoga area, a children's pool and playground, a paddle tennis court, a running track, a promenade, chill-out areas and stores on the ground floor. At the entrance, there is a spacious drop-off area and an impressive lobby, emphasising the high status of the project.
A flexible payment plan is available for buying apartments at Miraggio by Source of Fate: 20% down payment, divided into 2 deposits, 35% during construction and 5% upon handover. The remaining 40% is paid 2-years post-handover. Completion of construction of the property at Miraggio on Al Marjan Island is scheduled for Q4 2028.
Studios & 1-3 Bedroom
Apartments for Sale
on Al Marjan Island, RAK
Miraggio by Source of Fate is a coastal development on Al Marjan Island, within walking distance of Wynn Resort. The 16-storey project comprises 810 luxury residences, including a limited number of studios and an impressive collection of 1-3 bedroom apartments.
60/40
Payment Plan
Q4 2028
Handover
AED 1,200,000
Starting Price
Miraggio on Al Marjan Island, Ras Al Khaimah
Location in Ras Al Khaimah
Developer
Property Type
Available Units
Total Areas
Payment Plan
Completion
Photo Gallery
Renders may look slightly different than real life photos
Renders may look slightly different than real life photos
Floor Plans of Miraggio
Studio
1-Bedroom
2-Bedroom
3-Bedroom
Studio Apartment
FROM AED 1,200,000 ($326,700)
Total Area: 420 sqft (39 m²)
1-Bedroom Apartment
FROM AED 1,800,000 ($490,100)
Total Area: 804 sqft (75 m²)
2-Bedroom Apartment
FROM AED 3,200,000 ($871,200)
Total Area: 1304 sqft (121 m²)
3-Bedroom Apartment
FROM AED 4,900,000 ($1,334,100)
Total Area: 1826 sqft (170 m²)
24 Months Post-Handover
60/40 Payment Plan
24 Months Post-Handover
60/40 Payment Plan
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Property Location
is Al Marjan Island
Al Marjan Island is an artificial archipelago consisting of four islands stretching 4.5 kilometres deep into the Arabian Gulf off the coast of Ras Al Khaimah. It is one of the most ambitious waterfront projects in the UAE, balancing a resort atmosphere with socially important amenities for permanent residence. Due to a direct highway and convenient access to the emirate's main roads, Dubai can be reached in just an hour, and Ras Al Khaimah International Airport in 30 minutes. The location is convenient for both living and tourist visits.
One of the main highlights of Al Marjan Island is its well-developed infrastructure geared towards premium living. The 5-star DoubleTree by Hilton, Rixos Bab Al Bahr and Mövenpick Resort hotels are already operating here. In a brief future, the Wynn Al Marjan Island resort is set to open, which will be the first complex in the region with a casino, theatre, elite restaurants, conference rooms and a private beach. This is going to make the island a major attraction for tourists and investors. But even today, property on Al Marjan Island is already generating huge interest from international buyers.
The island has spacious promenades, running and cycling paths, and beaches with white sand and crystal-clear water. Active people will find water sports centres, yacht, catamaran and fishing boat rentals. Al Marjan Island and its surroundings also boast beauty salons, spa complexes, drugstores, supermarkets and shopping pavilions. Nearby is Al Hamra Mall with a VOX cinema, food court, Spinneys hypermarket and dozens of brand-name stores. For everyday shopping, residents can take advantage of Carrefour and Zoom supermarket chains, located within a 10-15 minute drive.
The nearest schools and nurseries are located in Al Hamra Village and Mina Al Arab, including Little Treasures Nursery and RAK Academy. Healthcare is provided by RAK Medical Centre, Al Jazeera Medical Clinic and RAK Hospital. The area has a thriving nightlife and gastronomic scene. The coastal hotels and restaurants offer cuisines from around the world, from Italian to Middle Eastern, and local brasseries with panoramic terraces serving seafood are particularly popular.
According to market experts, Al Marjan Island is a well-balanced location where tranquillity and nature are complemented by the comforts of an international resort. The area is ideal for families and those who enjoy a dynamic lifestyle. Due to its pleasant climate, stable economy and growing tourist flow, Al Marjan Island is one of the most sought-after and promising destinations to buy property in Ras Al Khaimah.
Distance from Miraggio to Key Locations in Ras Al Khaimah
60 MINUTES
30 MINUTES
5 MINUTES
10 MINUTES
15 MINUTES
Why Invest in Real Estate
at Al Marjan Island?
The apartments at Miraggio on Al Marjan Island are stunning assets not only for their well-thought-out concept, but also for their high investment potential. Located just a stone's throw from the Wynn Resort, the region's first resort complex with a casino, a theatre hall and flagship restaurants, the project is set to be at the epicentre of a future tourism boom. By 2030, the number of travellers to Ras Al Khaimah is expected to grow to 5 million per year, and Miraggio will be right at the heart of this expansion.
Al Marjan Island, where the complex is located, is also actively developing as a high-yield resort area, with international hotel brands moving in, new yacht clubs opening and premium coastal infrastructure taking shape. The low entry threshold compared to Dubai makes it possible to become the owner of a panoramic property on Al Marjan Island, right by the edge of the coastline, at a more competitive price. Combined with the high rental demand for the location, this creates an excellent platform for short-term rentals and long-term capitalisation.
It is also important to note that the properties at Miraggio by Source of Fate represent a rare resort residence format with private infrastructure and a high level of architectural design, which only enhances their value in the premium segment.
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Frequently Asked Questions About
Miraggio
Frequently Asked Questions About Miraggio
Where is Miraggio by Source of Fate situated?
Miraggio by Source of Fate is located in the heart of Al Marjan Island, in the prestigious coastal location of Ras Al Khaimah, offering panoramic views of the bay and direct access to the waterfront.
What properties are on offer at Miraggio by Source of Fate?
Properties at Miraggio on Al Marjan Island by Source of Fate include studios and 1-, 2- and 3-bedroom apartments.
What is the starting price for apartments at Miraggio by Source of Fate?
The initial price for a studio in the project is AED 1,200,000 ($326,700). You can buy apartments at Miraggio by Source of Fate starting from AED 1,800,000 ($490,100) for 1-bedroom units, from AED 3,200,000 ($871,200) for 2-bedroom options, and from AED 4,900,000 ($1,334,100) for 3-bedroom residences.
When is the handover date of property at Miraggio by Source of Fate?
Construction of Miraggio by Source of Fate is scheduled for completion in Q4 2028.
Is there a payment plan for buying property at Miraggio by Source of Fate?
Yes, for those who are looking to buy property at Miraggio by Source of Fate, the developer offers an interest-free payment plan on a 60/40 basis: 20% in advance of construction beginning, 35% during construction, 5% upon handover, and the remaining 40% within 2 years after receiving the keys.
How far is Wynn Resort from Miraggio by Source of Fate?
The sensational Wynn Resort is just a 15-minute walk from the apartments at Miraggio on Al Marjan Island, which enhances the appeal of the location for both living and investment.
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