Miraggio Phase 2 by Source Of Fate is a premium waterfront residential development located on Al Marjan Island, Ras Al Khaimah. Developed by The Source of Fate Real Estate Development, this freehold project offers a modern coastal lifestyle combined with strong investment potential. Construction officially started on January 14, 2026, with expected completion scheduled for December 31, 2028 (Q4 2028).
The development consists of one residential building featuring studios and one-, two-, and three-bedroom apartments. Units are thoughtfully designed with efficient layouts, wide glazing, and spacious interiors that maximize natural light and sea views. High-end finishes, neutral color palettes, and contemporary architectural elements create a refined, resort-style atmosphere suitable for both end-users and investors.
Starting prices begin from AED 1.7 million. The project offers an attractive and structured 10/10/40/40 payment plan. Buyers pay 10% upon booking, 10% upon signing the Sales and Purchase Agreement, 40% at handover, and the remaining 40% is distributed over two years post-handover. This flexible payment structure enhances affordability and supports long-term financial planning.
Miraggio Phase 2 by Source Of Fate benefits from a prime beachfront location with direct shoreline access. Residents will enjoy a 51-meter Olympic swimming pool, landscaped recreational areas, and uninterrupted waterfront views. The community is designed to support both holiday living and permanent residence, increasing rental demand and capital appreciation potential.
As a freehold property in a growing destination, Miraggio Phase 2 by Source Of Fate presents a strong value proposition. Its strategic location, quality specifications, and investor-friendly terms make it an appealing opportunity within Ras Al Khaimah’s expanding real estate market.
