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Source of Fate launches AED 2.6 billion luxury waterfront development ‘Miraggio’ on Al Marjan Island

UAE, October 01, 2025: Source of Fate, a high-end luxury real estate developer in the UAE, under the Wheel of Fate Group, has unveiled ‘Miraggio,’ an AED 2.6 billion luxurious waterfront residential project on the central islet of Al Marjan Island, Ras Al Khaimah.

The new development signals a new phase in the Emirate’s transformation into a premier global destination for real estate and investment, with Ras Al Khaimah’s real estate market expanding at a CAGR of 10.05 per cent to 2030. It is strategically located beside Wynn Al Marjan Island and provides unparalleled connectivity to Ras Al Khaimah City Centre, Ras Al Khaimah International Airport, and Dubai.

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