Miraggio by Source of Fate

Miraggio is a 15-storey waterfront residential tower on Al Marjan Island, Ras Al Khaimah, developed by Source of Fate. Tower C offers 810 units ranging from studios to 3-bedroom apartments, sized between 689 and 1,547 sq ft. Ground-floor retail, beach access, and resort-style amenities are included within the development.

Miraggio sits on the seafront of Al Marjan Island, a man-made coral-shaped archipelago extending into the Arabian Gulf in Ras Al Khaimah. The island is approximately 45 minutes from central Dubai by car. Residents have direct access to the waterfront promenade, beaches, and the island's growing selection of luxury resorts and retail.

Studios at Miraggio start from AED 1.3M, with 1, 2, and 3-bedroom apartments available at higher price points. Unit sizes range from 689 sq ft for studios up to 1,547 sq ft for larger residences. The 60/40 payment plan means 60% is paid during construction and 40% on handover in Q4 2028.

Miraggio offers a 60/40 payment plan — buyers pay 60% of the purchase price during the construction phase and the remaining 40% upon handover. Handover is scheduled for Q4 2028. This structure allows investors and end-users to manage cash flow while the project is completed.

Miraggio Tower C is scheduled for handover in Q4 2028. The development is off-plan, giving buyers approximately three to four years to complete staged payments under the 60/40 plan. Source of Fate is the developer overseeing construction and delivery.

Miraggio includes an infinity pool, a state-of-the-art gym, children's play area, 24/7 security, and landscaped gardens. The building also has ground-floor retail units within the tower itself. Direct beach access and the Al Marjan waterfront promenade are immediately accessible to residents.

Waterfront apartments on Al Marjan Island are currently achieving rental yields of 9–10%, making the area one of the stronger performing locations in the UAE for buy-to-let investors. Demand is expected to increase further as the Wynn Resort — the UAE's first casino — opens near the island. Studios from AED 1.3M represent a relatively low entry point for waterfront yield-focused investment.

Al Marjan Island is the site of the upcoming Wynn Resort, which will be the UAE's first licensed casino resort and is expected to significantly boost tourism and residential demand in Ras Al Khaimah. The island already hosts several international luxury hotel brands and is undergoing major infrastructure investment. Combined with 9–10% rental yields and proximity to Dubai, the fundamentals for capital appreciation are strong.