Aerial view of Miraggio on the Al Marjan Island waterfront at dusk

New Launch Al Marjan Island, Ras Al Khaimah

Sea-View Homes Beside the Wynn Al Marjan Island

First-row Arabian Gulf views, 5 minutes from the Wynn integrated resort. From AED 2.05M on a 20/40/40 plan, with nothing to pay until handover in Q4 2028. By Source of Fate, the team behind the sold-out Sunshine Bay.

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  • 20/40/40 Payment Plan
  • First-Row Sea Views
  • 5 min to Wynn Resort
Miraggio building facade on the Al Marjan Island promenade
Miraggio: 16 storeys and 810 residences, first-row on the Al Marjan Island promenade.
  • 35%RAK capital-value growthApartment values, past year, ahead of Wynn (market data)
  • 6-9%Rental yields on the islandPrime Al Marjan long-let, higher for short-stay (market data)
  • 20%To secure your homeThen nothing more to pay until handover in 2028
  • 2.05MFrom, in AED1-bed start. 2-bed from 3.38M, 3-bed from 5.37M
  • 5minTo Wynn Al Marjan IslandThe UAE's first resort and casino, opening 2027
  • 2028Q4 handover810 sea-view residences across 16 storeys

Growth and yield figures are third-party market data for Ras Al Khaimah and Al Marjan Island (Arabian Business and agency research), shown as context for the area, not a guarantee for this project. Prices and payment plan are as provided by the developer.

  • Award-winning development 2025
  • By Source of Fate (Sunshine Bay)
  • Resale allowed after 20% paid
  • No short-term rental restrictions
  • Control a sea-view home for just 20%Secure now, pay nothing more until handover in Q4 2028, and any rise in value works on the whole home, not just your 20%.
  • Up to 35% capital-value growth in RAKApartment values have climbed sharply ahead of Wynn Al Marjan Island, the UAE's first resort and casino, opening 2027 (market data).
  • Rental yields of 6-9%, higher short-stayOn a first-row address with no restrictions on short-term (Airbnb) letting, so the income potential is yours to keep.

The overview

Miraggio at a Glance

A landmark first-row waterfront launch on Al Marjan Island, minutes from Wynn, by Source of Fate.

Sea-view living room with floor-to-ceiling glass over the Arabian Gulf Infinity pool over the Gulf at sunset Sea-view bedroom with balcony access

Residences framed by open sea views. See all images

At a glance

What it is
810 sea-view apartments across 16 storeys on Al Marjan Island, by Source of Fate.
Where
First-row on the Al Marjan Island promenade, Ras Al Khaimah. 5 minutes from Wynn Al Marjan Island, the UAE's first integrated resort.
Price
From AED 2.05M (1-bed). 2-bed from AED 3.38M, 3-bed from AED 5.37M.
How you pay
20% to secure (5% booking, 5% on SPA, 5% at 3 months, 5% at 6 months), nothing more until handover, 40% on handover, 40% over the 2 years after.
Handover
Q4 2028.
Flexibility
Resale permitted once 20% is paid. No restrictions on short-term (Airbnb) rental.
Finishes
Fitted kitchens with European appliances, 2.7-3.3m ceilings, central AC and 24-hour concierge.

The payment plan

Secure It With 20%. Nothing More Until 2028.

Pay just 20% across the first six months to secure your home. Then nothing until your keys. 40% on handover, 40% over the two years after.

The 20/40/40 plan

  • 20%
    To secure your homeOver the first 6 months
  • Nothing to pay during construction
  • 40%
    On handoverQ4 2028
  • 40%
    After handoverIn stages over 2 years

Only 20% before you hold the keys, and you can resell any time after 20% is paid.

What happens when

  1. On booking5% to reserve, then 5% on signing the SPAYour unit is reserved and registered.
  2. First 6 months5% at 3 months, 5% at 6 monthsThat completes your 20%. Nothing more is due during construction.
  3. Q4 2028 handover40% on handoverKeys to a finished, sea-view apartment.
  4. 2 years after handoverThe final 40%, in stagesPaid in instalments over the two years post-handover.

Why it is a safe buy

  • Paid into escrow

    Off-plan payments in the UAE are collected in a project escrow account and released to the developer against certified construction progress.

  • Registered in your name

    The sale is registered with the land department in your name, so your unit is on record before it is built.

  • Resale and rental freedom

    You can resell once 20% is paid, and let the apartment short-term with no restrictions, so your exit stays open.

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5 min to Wynn · First-row sea views · From AED 2.05M

Miraggio reflected on the water at night

The investment case

An Investment Built for Returns

Al Marjan Island is one of the fastest-moving property markets in the UAE, and Miraggio lets you enter at launch on a plan that keeps your money working.

  • Up to 35% growth in RAK apartment values in the past year, ahead of the Wynn opening (Arabian Business).
  • 6-9% rental yields on prime Al Marjan homes, with short-stay projected at 8-15% once Wynn opens.
  • Analysts forecast Al Marjan values heading toward AED 10,000/sq ft by 2030 (Gulf Business).
  • Control the home for just 20%, so any rise in value works on the whole apartment.

Market figures are third-party data for the area, shown as context, not a guarantee for this project.

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Private balcony overlooking the open sea

Prime position

Prime First-Row, Open Sea Views

Miraggio sits in the first row on the Al Marjan Island promenade, with nothing between you and the Arabian Gulf.

  • Uninterrupted, open-sea views of the Arabian Gulf from the first row.
  • Floor-to-ceiling glass and private sea-view balconies in every home.
  • Golden sunset views, directly on the island bay promenade.
Aerial view of Al Marjan Island and the sea

The location

Just 5 Minutes from Wynn Resort & Casino

Wynn Al Marjan Island is the UAE's first integrated resort and casino, opening in 2027, and Miraggio is five minutes away.

  • The first resort and casino in the UAE, a global draw for visitors and investors.
  • The catalyst behind Al Marjan Island's rising property values and rental demand.
  • Live minutes from world-class dining, entertainment and the island beaches.
The Miraggio building facade on the promenade

The developer

By Source of Fate, Behind the Sold-Out Sunshine Bay

Miraggio is developed by Source of Fate, the team that delivered the sold-out Sunshine Bay on the same island.

  • A proven track record on Al Marjan Island, with Sunshine Bay sold out.
  • Designed by architect VX Studio, with 810 residences across 16 storeys.
  • Finished to a high standard: European kitchens, 2.7-3.3m ceilings and 24-hour concierge.
Aerial view of the award-winning Miraggio development

Recognition

An Award-Winning Development

Miraggio has been recognised in 2025 for both its waterfront living and its architecture.

Best Luxury Waterfront DevelopmentRAK 2025
Project of the Year, Best Architecture2025
Resort pool and sea view from the podium

Built for investors

Resale After 20%. No Rental Restrictions.

Miraggio is built to keep your options open, whether you plan to sell, rent or live in it.

  • Resell your apartment once 20% is paid, with no restrictions.
  • No restrictions on short-term (Airbnb) rental, so the income potential is yours.
  • Flexibility to sell, let or live in, on your own timeline.
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Miraggio on the Al Marjan Island waterfront in daylight

First-row on the Al Marjan Island promenade. 5 minutes from Wynn.

The residences

Open-Sea Living, Finished to a High Standard

Studios to three-bedroom homes with floor-to-ceiling glass, 2.7-3.3m ceilings, fitted European kitchens and private sea-view balconies.

Sea-view living and dining space with designer furniture

Sea-View Living Spaces

Floor-to-ceiling glass framing the Arabian Gulf, with ceilings from 2.7 to 3.3 metres.

Private terrace overlooking the sea

Private Sea-View Balconies

Every home opens to the water on a generous outdoor terrace.

Infinity pool over the Gulf

Infinity Pool Over the Gulf

A resort infinity pool and sun deck set against the open sea.

Sea-view gym with panoramic glass

State-of-the-Art Sea-View Gym

A fully equipped gym with panoramic glass over the water.

Grand double-height arrival lobby

Grand Arrival Lobby

A double-height lobby with a 24-hour concierge and quiet luxury from the moment you arrive.

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Resort amenities

Resort Amenities, Steps from Your Door

  • Infinity pool

    Infinity Pool & Kids' Pool

    A sea-view infinity pool, plus a dedicated kids' pool.

  • Sea-view gym

    State-of-the-Art Gym

    A fully equipped gym with panoramic sea views.

  • Yoga room

    Yoga Room

    A calm studio for yoga and stretching.

  • Scenic promenade and jogging track

    Padel Court & Jogging Track

    A padel court and a jogging track along the scenic promenade.

  • Waterscape lounge and juice bar

    Waterscape Lounge & Juice Bar

    Shaded lounges and a juice bar by the water.

  • Tropical garden

    Tropical Gardens & Kids' Play

    Landscaped gardens with a children's play area.

Before you message

Questions Buyers Ask First

Where exactly is Miraggio?

First-row on the Al Marjan Island promenade in Ras Al Khaimah, about 5 minutes from Wynn Al Marjan Island.

How does the 20/40/40 payment plan work?

20% across the first six months to secure (5% booking, 5% on signing the SPA, 5% at 3 months, 5% at 6 months), nothing more until handover, 40% on handover in Q4 2028, then 40% in stages over the following two years.

When is handover?

Q4 2028.

Can I resell before handover?

Yes. Resale is permitted once 20% of the price is paid.

Can I rent it out short-term?

Yes. There are no restrictions on short-term (Airbnb-style) rental.

Who is the developer?

Source of Fate, the team behind the sold-out Sunshine Bay on Al Marjan Island.

Can foreign buyers own it?

Yes. Al Marjan Island is a designated freehold area; buyers of any nationality can own and register the property in their own name.

What is included?

A fitted kitchen with European appliances, central AC, a 24-hour concierge and access to the resort amenities.

New launch · Limited-time 20/40/40 plan

First-row on Al Marjan Island, minutes from Wynn

Own a Sea-View Home Beside the Wynn

Secure yours with just 20%.

Miraggio by Source of Fate: first-row Arabian Gulf views on Al Marjan Island, 5 minutes from the Wynn integrated resort, from AED 2.05M on a 20/40/40 plan with nothing to pay until handover in Q4 2028.

  1. 1You message.Your WhatsApp opens with a pre-written note. Send it as is, or edit it. Your number is used only to reply to you.
  2. 2You get a personal replywith current prices, available units and floor plans.
  3. 3You decide, in your own time.Nothing is reserved until you sign a reservation form and pay a deposit.

From AED 2.05M

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Al Marjan Island, RAK · 5 min to Wynn · By Source of Fate

Secure with just 20%From AED 2.05M · 5 min to Wynn

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