Miraggio Phases 1 and 2

Miraggio Phases 1 and 2 is a residential tower by Source Of Fate Properties on Al Marjan Island, Ras Al Khaimah, offering semi-furnished apartments from studios to three-bedroom layouts, with completion set for Q4 2028.

# A single tower on a man-made archipelago

Al Marjan Island sits along the Arabian Gulf coastline of Ras Al Khaimah, a coral-shaped landmass connected by a central boulevard and flanked by 5.4 kilometres of sandy beach. The emirate has drawn sustained developer attention over the past three years, partly on the back of major hospitality and gaming investments, and Al Marjan is where much of that residential activity has concentrated.

Miraggio occupies this setting as a single building, its façade shaped by curved forms and cascading terraces that respond to the coastal horizon rather than stand against it. The design reads as deliberate restraint: curved rather than rectilinear, low-frequency rather than landmark-hungry. For buyers accustomed to Dubai Marina's vertical density, Al Marjan Island offers a different register entirely, more horizontal, more open, with the Gulf visible from almost every orientation.

# Residences, layouts and specification

The project spans four available unit types. One-bedroom apartments start at 848 sq ft and are priced from AED 2,340,000. Two-bedroom units run to 1,335 sq ft from AED 3,680,000. Three-bedroom residences reach 1,923 sq ft at AED 5,360,000. Studios are listed from AED 1,700,000, though floor areas for that configuration have not been confirmed.

All residences are delivered semi-furnished. Interiors are finished with natural stone and fitted kitchens are included as standard. Floor-to-ceiling glazing draws in light and frames the water views that justify the address. Terraces feature across the range, with the larger configurations offering proportionally generous outdoor areas relative to overall floor plate.

Service charges are set at AED 15 per sq ft annually, a figure buyers should factor into net yield calculations alongside their financing structure.

# What the building offers day to day

The amenity list covers a broad spectrum. An infinity pool anchors the waterfront side, accompanied by a separate kids' pool. The fitness offering includes a gym, yoga room and padel court. A jogging track and scenic promenade run through the grounds, bordered by tropical planting and a waterscape lounge with what the developer describes as sunken seating.

A juice bar adds a practical daily touchpoint that larger resort-style developments sometimes overlook. The kids' play area rounds out provision for families considering a primary or secondary home.

# Connections to the wider island and emirate

Little Captain Nursery sits 0.7 km away, relevant for buyers with young children who intend to use the property as a primary home. Al Marjan Island Beach is 1.3 km from the building. The public park on the island is reachable within 2.3 km. Al Hamra Mall, the nearest retail anchor with a supermarket, cinema and dining, is approximately 7.4 km by road.

Ras Al Khaimah International Airport is 38.8 km from the site. Dubai International Airport, the more commonly used hub for international arrivals, is accessible via the E311 or E611 motorway and typically takes between 45 and 60 minutes depending on traffic.

# Who Miraggio suits and where it sits in the market

Al Marjan Island is no longer a speculative frontier. The announcement of Wynn Al Marjan Island, a resort and integrated entertainment development, shifted the area's trajectory materially, bringing institutional confidence and pushing land values upward across the island. Miraggio enters this context as a boutique offering: a single building with four confirmed available units at launch, which positions it at the more contained end of the supply spectrum.

The pricing band, from roughly AED 2.3 million to AED 5.4 million, places it within reach of buyers allocating a meaningful but not extraordinary portion of a diversified portfolio to UAE real estate. For a European or GCC buyer seeking a holiday base with rental upside during vacancy periods, the combination of Al Marjan's growing hospitality infrastructure and a Q4 2028 completion timeline offers a relatively long runway to assess market conditions before handover. Those prioritising yield over lifestyle use will want to run the numbers carefully against the AED 15 per sq ft service charge, but the location's trajectory argues in favour of the longer view.