Miraggio at Al Marjan Island – Iconic Cascading Waterfront Living

Source of Fate Properties
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Starting Price

1,200,000

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Property Type

1-2 BR Apartments

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Payment Plan

60/40

Miraggio by Source of Fate Properties (a subsidiary of the Wheel of Fate Group) is a striking architectural project rising on the central islet of Al Marjan Island, Ras Al Khaimah. Comprising three towers with a ground-floor retail podium and 15 residential floors, the development provides 810 meticulously designed units. The building’s “cascading” design, characterized by organic white curves and glass-fronted exteriors, is inspired by the natural rhythm of sea waves and the surrounding coral environment.

Designed for those looking for a holistic, resort-style lifestyle, Miraggio features a human-centric approach that prioritizes well-being and connectivity. Each particular residence—ranging from limited-edition studios to expansive 3-bedroom apartments—is semi-furnished with equipped kitchens and showcases floor-to-ceiling windows to invite the golden horizon into the living spaces. Strategically located just a 15-minute walk from the upcoming Wynn Al Marjan Island Resort, Miraggio provides investors a high-yield opportunity in the UAE’s most anticipated hospitality hub.

 

Property Details

Feature Details
Developer Source of Fate Properties
Location Central Islet, Al Marjan Island, Ras Al Khaimah
Property Type Luxury Seafront Apartments
Starting Price AED 1,200,000
Government Fee 2% Title Deed Fee (RAK)
Unit Status Off-Plan / Pre-Launch
Ownership Freehold
Estimated Completion December 31, 2028 (Q4 2028)
Views Uninterrupted Arabian Gulf, Sunset & Island Promenade Views

Location & Connectivity

Miraggio is positioned in the heart of the “New Riviera,” providing swift access to RAK’s primary attractions:

  • 05 mins – Wynn Al Marjan Island (Casino Resort)
  • 10 mins – Al Hamra Mall & RAK Medical Center
  • 12 mins – Al Hamra Village & British Curriculum Nursery
  • 16 mins – Al Hamra Marina & Royal Yacht Club
  • 25 mins – Downtown Ras Al Khaimah (RAK City Center)
  • 45 mins – Dubai International Airport (DXB)

Why Invest in Miraggio

  • Strategic Proximity: Being within walking distance of the Wynn Resort guarantees extreme demand for short-term holiday rentals.
  • Biophilic Architecture: The unique cascading design and biophilic integration ensure the building remains a “trophy asset” with strong resale value.
  • Investor-Friendly Plan: The 40% post-handover payment plan allows investors to pay off a significant portion of the property using rental income.
  • Low Supply of Studios: With only 48 studios in a project of 810 units, these specific units carry a high scarcity premium.
  • Financial Security: Source of Fate developments are privately funded, significantly reducing the “delivery risk” for off-plan buyers.

End Description

Features

Card Down payment: 10%

Card During Construction: 45%

Card On Completion: 45%

Location

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Floor Plan Tab

For: 1-Bedroom Apartment
Starting Price: Call Us
Average Area: 1,176 Sq. Ft.

For: 2-Bedroom Townhouse
Starting Price: Call Us
Average Area: 2,543 Sq. Ft.

For: 3-Bedroom Townhouse
Starting Price: Call Us
Average Area: 3,026 Sq. Ft.

Gallery:

Floor Plan

Features & Amenities

Awesome Image BBQ Stations
Awesome Image Yoga Garden
Awesome Image Gym
Awesome Image Padel Courts
Awesome Image Calm Palm Garden
Awesome Image Q1: Is Miraggio a branded residence?
Awesome Image Q2: Are the units furnished?
Awesome Image Q3: What are the service charges?

Payment Plan:

Down Payment

During Construction

On Completion

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Starting Price

1,200,000

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Property Type

1-2 BR Apartments

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Payment Plan

60/40

Frequently Asked Questions:

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