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in a nutshell

Location
A new premium waterfront development located on prime seafront on Al Marjan Island, Miraggio is launching the 15-storey Tower C with a compelling mix of spacious studios, 1, 2, and 3-bedroom residences. This hotly-anticipated development offers 810 exclusive units with retail options on the ground floor.

Property Types
Studios and 1-3 bedroom apartments

Features
Resort-style island living, waterfront location, limited edition studios, beach access, high demand areay.
...
Swimming pool
...
Play Area
...
24/7 Security
...
Garden

About Miraggio

Request Available Units & Prices

This luxurious waterfront residential development by Source of Fate is ideally located on Al Marjan Island in Ras Al Khaimah, the next premier destination in the UAE. Positioned on the highly desirable central island, Miraggio offers a collection of exquisite studios and 1-3 bedroom apartments complemented by elevated wellness and upscale lifestyle amenities.

Al Marjan Island is set to transform the tourism and residential offering of Ras Al Khaimah. A man-made archipelago offering a stunning coastal lifestyle just 45 minutes from Dubai, Al Marjan is compised of four coral-shaped islands extending into the Arabian Gulf. Home to an expanding selection of luxury resorts, the upcoming Wynn Resort - as the UAE's first casino resort - is set to be a major attraction.
Downtown Dubai
10 Mintues

to Downtown Dubai

Dubai Marina
30 Mintues

to Dubai Marina

DXB Airport
15 Mintues

to DXB Airport

DWC Airport
40 Mintues

to DWC Airport

About Location
Ras Al Khaimah in Dubai

Al Marjan Island – UAE’s Next Premier Destination

Delivering upscale amenities and set on Al Marjan Island, residents can access beaches, waterfront promenades, retail centres, top-tier schools, and medical facilities within easy reach. It's an ideal place for those seeking a balance of tranquillity, convenience, and an upscale lifestyle outside of Dubai.

Community-Led Amenities

Designed with a focus on privacy, wellness, and high-end amenities, Miraggio features a state-of-the-art gym, infinity pool, children’s play area, 24/7 security, and lush landscaped gardens, complemented by nearby gourmet dining, leisure attractions, and a boutique retail environment. With seamless connectivity to the Wynn Resort, Al Hamra Mall, golf courses, yacht clubs, and RAK International Airport, Miraggio blends serenity with convenience in one of the UAE’s fastest-evolving real estate corridors.

Family-Friendly Environment and Education Access

Families will love the island sanctuary of Miraggio, complete with elevated amenities in safe, secure surroundings. With proximity to top-tier academic institutions like RAK Academy Al Hamra, International School of Choueifat Ras Al Khaimah, Little Treasures Nursery and RAK American Academy for Girls, there are plenty of great educational options too.

Proximity to Healthcare

It's easy to find top-quality healthcare options via the mainland, and more on the islands in the coming years with guaranteed development and investment. Currently, Emirates Health Services is reachable in less than 15 minutes by car.

High-Yield Investment Potential in Al Marjan Island

Properties on Al Marjan Island offer up to 10% rental yields, especially for waterfront homes. In 2024 alone, values rose over 33%, outperforming Dubai and Abu Dhabi. Playa Viva’s starting prices, 30–40% lower than comparable Dubai assets, present high ROI potential, especially with the upcoming $3.9B Wynn Resort, improved airport access, and rising demand for luxury short-term rentals.

Residency Visa Eligibility Through Real Estate

A minimum investment of AED 750K qualifies buyers for a 2-year residency visa, while purchases of AED 2M or more make buyers eligible for the 10-year Golden Visa, with benefits extending to family members and household staff. With prices starting at AED 1.2M at Miraggio, investors are in a good position to apply for residency.

Al Marjan Island Development and Growth Outlook

With exciting new projects on the way, like the UAE's first casino resort, Wynn Al Marjan Island, and a new airport expansion, Ras Al Khaimah is emerging as a vibrant destination, and Al Marjan Island is a cornerstone of that progress. Tranquil living blends with access to high-quality amenities, including beachfront resorts, fine dining, retail outlets, and flagship projects, while outside of RAK, the thriving global city of Dubai is reachable in just over an hour's drive.

About Source of Fate

Source of Fate is a boutique luxury developer and a division of the Wheel of Fate Group, recognized for their visionary projects and sophisticated design standards. Known for blending innovation with elegance, Source of Fate focuses on high-end living experiences that resonate with modern end-users and discerning investors. Their first development set new benchmarks in the UAE’s coastal market, and Miraggio, their second, is set to elevate the bar even higher.

Floor Plans of Miraggio

studio

Total

420 sqft

1-Bedroom apartment

Total

804 sqft

2-Bedroom apartment

Total

1304 sqft

3-Bedroom apartment

Total

1826 sqft

You do not need to pay the full price upfront

01.

10%

Downpayment

02.

50%

During construction

03.

40%

On handover

Why do investors choose Dubai?

01
Rental yield of 8-15% yearly
02
Resale income of 20-40%
03
Resident visa for 10 years
04
No tax on buying, letting, or reselling

Frequently Asked Questions & Answers

According to Mercer’s survey 2024 Cost of Living City Ranking, Dubai still ranks in 15th position making it one of the appealing choices for real estate investors or buyers. According to the ideal estimation, the average cost of living in Dubai for an individual is between AED 5K to AED 5.5k monthly. Further, with a family of an average of four persons, one has to pay around AED 17K a month.

As a resident of UAE, you have to renew your driving license every 5 years. However, being a UAE or GCC national will increase this duration of renewal to 10 years. The process of license renewal is exceptionally easy as you can do this online via the RTA website, RTA smart App, Dubai Driving App or through self-service machines at any of the available Customer Happiness Centres. Additionally, it is significant for you to settle any of the traffic fines before the renewal. Besides, if you are under 21 you only need a valid Emirates ID. On the other hand, individuals above 21 age have to show an eye test certificate. The fee amount of this is AED 120 (USD 32) for customers younger than 21 and AED 320 (USD 87) for the driver above the age of 21. After applying for renewal you will get a temporary driving license. The time it will take for the renewal is between 5-15 days

You can sell your property in Dubai in just seven simple steps; Selecting a reputable real estate agent or agency, filling out forms A and B, Advertising your property for sale, setting the right price, signing Form F, Obtaining NOC, and finally transferring Ownership. These steps may vary, therefore, it is significant to take a property guide before selling your property asset.

There are various reasons why it is highly positive to invest in real estate in Dubai. One of the major reasons that make Dubai real estate attractive is the comparatively low prices of Emirates than Europe, America and Asia. Furthermore, investment in Dubai real estate is one of the major reasons in terms of reducing inflation. This is because there is a direct relation between the economic indicators and the demand for real estate. Another benefit of investing in Dubai real estate is a 3-year investor visa which you can obtain after purchasing ready-to-move property for a minimum amount of AED 750K (USH 205K), or a 5-year investor visa on opting for a ready-to-move residence for the initial cost of AED 2M (USD 545K). As a visa holder, you can bring your spouse and children to the UAE conveniently. Finally, the rental property in Dubai can generate an upto-staggering ROI of 8-10%, which is exceptionally impressive.

Many individuals wonder if foreigners can invest or buy property in Dubai and whether it can be considered a good long-term investment. The answer is yes, non-resident investors, expats, and foreign nationals in Dubai can own property on a freehold basis. This simply means that individuals can lease, buy or sell their property. Besides foreigners can buy property in Dubai for various lengths of time including freehold property, leasehold for up to 99 years or common hold with no age restrictions.

Dubai real estate is dynamic as well as comes in various price ranges from affordable property options to luxury real estate. The price of the residence is generally influenced by the location. On the other hand, the least expensive areas to buy apartments in the Emirates include Dubai Production City and International City. On the other hand, a few of the districts including NASHAMA Town Square and Serena offer low-cost exquisite living.

Dubai real estate offers plenty of property options, which you can opt for on an affordable budget. As of 2024, a few of the top affordable communities to invest in for beginners are Jumeirah Village Circle (JVC), International City, Dubai South and Dubai Investment Park.

In the bustling metropolis of Dubai, a shining Emirates of the UAE residents are allowed to buy properties in the designated freehold areas, Off-plan development, is highly appealing as their prices are exceptionally low and the developers offer attractive payment plans.

If you are a foreigner, you can acquire freehold ownership without any restriction whether it is a freehold property contract, off-plan property or a lease up to 99 years with no Visa required. Besides this, primarily you have two choices to invest in Dubai real estate either to invest in off-plan property or ready-to-move property.

The start with, the investment property market of Dubai offers high rental yields as compared to other stable real estate markets the ROI in Dubai is much higher that is up to 10% making it one of the highly appealing locations to invest. Additionally, the residences have world-class infrastructure, you can experience high-end living and economic stability all at once.

Off-plan properties in Dubai are the development projects that are under construction. In recent times, the interest of buyers in off-plan properties in Dubai has drastically increased. As per the news report by Arabia Business, in 2024 in July off-plan properties in Dubai, these properties accounted for 60% of property transactions which is a 49% increase from the previous year of 2023.

The process of buying an off-plan property in Dubai is exceptionally easy. As Dubai's real estate market is open for any of the buyers, the only things you will require are a Visa/Emirates ID and a passport copy.

Obtaining citizenship in the United Arab Emirates is easy and does not require a complex process. There are various neutralization methods including residency, marriage, merit, investment, Arabic proficiency and good reputation.

Purchasing a property in Dubai will grant you numerous positive outcomes from high rental yields of up to 10%, to unmatched amenities from exclusive and strategic locations to attractive opportunities to invest.

As the rule of residence, was implemented in 2019 that is UAE’s Golden Visa system offers long-term residence visas. This visa is automatically renewed on the condition that all the rules are adhered to. This visa is issued for the duration of 5 or 10 years.

Although the minimum investment amount required in Dubai depends on various factors the range may start from a few thousand AED to millions of AED. However, on average or according to the rough estimate the minimum investment amount in Dubai ranges from AED 10K to AED 50K.

Get a residence visa
from 2 to 10 years
with the purchase of a real estate starting from $205,000

  • – Visa with the right to extend
  • – Applies to all family members
  • – We assist with the documentation process

Benefits of having a residence visa:

  • – Open a bank account
  • – Start a business
  • – Tax-free income
  • – Enroll children at school

Got Confused? Complete A Quiz & Get The Best Offers

Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai.

You won’t need to look through countless listings on other the UAE's property websites. We have gathered all available information about off-plan property in one place and created a short quiz for you to find your perfect home in less than two minutes. Follow simple steps on the screen to get your personal selection of projects that meet all your requirements.

It takes less than 2 minutes

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60/40 Payment Plan
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From AED 1,200,000.00

Our Expert Will Help You
Buy The Best Property in Dubai

rimma image
Rimma Daminova

Sales Manager

of Property Sales

971564189201
Dubai, UAE Building 1 Office #103 Bay Square
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