Miraggio

Al Marjan Island 4, Ras Al Khaimah · by Source of Fate

Starting priceAED 2,000,000

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Key Project Information

Official Project Name
Miraggio
Location
Al Marjan Island 4, Ras Al Khaimah
Developer
Source of Fate
Property Type
Residential
Residential Units
810
Building Configuration
G+15
Residence Types
Studio, 1 Bed, 2 Bed, 3 Bed
Furnishing
Furniture and appliance inclusions subject to confirmation
Beach Access
3 mins Walk
Standard Payment Plan
5 / 15 / 40 / 405 / 15 / 40 / 40
Handover
Q4 2028
Short-term Rental
Allowed
Est. Service Charges
AED 16 / sq ft / yr
Resale
30%
Pets Allowed
No
Interactive Al Marjan Island Map

About

Miraggio Residences Al Marjan Island Miraggio Al Marjan Island: 810 waterfront apartments, studios to 3 beds, with 40% payable over 2 years after handover. Compare RAK beachfront projects. Miraggio Residences is a waterfront residential project on Island 4 of Al Marjan…

About

Miraggio Residences Al Marjan Island

Miraggio Al Marjan Island: 810 waterfront apartments, studios to 3 beds, with 40% payable over 2 years after handover. Compare RAK beachfront projects.

Miraggio Residences is a waterfront residential project on Island 4 of Al Marjan Island, Ras Al Khaimah, developed by Source of Fate. Curved architecture, cascading balconies, landscaped terraces and water features create a resort-style setting close to Wynn Al Marjan Island.

Unlike the hotel-managed and branded residences elsewhere on the island, Miraggio is a non-branded residential project, a simpler option for buyers looking at Al Marjan Island apartments or waterfront property in Ras Al Khaimah.

The development offers studios and 1, 2 and 3-bedroom apartments, with ground-floor retail, landscaped areas and views across the Arabian Gulf.

Its standout feature is the payment plan: 40% of the price is payable over two years after completion, which makes Miraggio relevant for buyers comparing post-handover options on Al Marjan Island.

Location and Connectivity

Miraggio is located on Island 4 of Al Marjan Island, one of Ras Al Khaimah's main waterfront residential and tourism destinations.

The project is positioned along the bay and promenade, giving residents access to a coastal lifestyle while remaining close to Wynn Al Marjan Island and the wider resort and leisure infrastructure developing across the island.

For buyers specifically searching for property near Wynn Al Marjan Island, Miraggio offers a residential option rather than a hotel-operated residence.

Key Location Points

  • Island 4, Al Marjan Island
  • Approximately 15 minutes walk from Wynn Al Marjan Island
  • Approximately 5 minutes by car from Wynn
  • Approximately 25 minutes from RAK City Centre
  • Approximately 30 minutes from Ras Al Khaimah International Airport
  • Approximately 1 hour from Dubai
  • Close to beaches, hotels, resorts and leisure destinations
  • Convenient access to Al Hamra Mall
  • Close to Al Hamra Golf Club
  • Close to the Royal Yacht Club

The location is one of the main reasons Miraggio is being considered by buyers comparing Al Marjan Island apartments, Ras Al Khaimah off-plan property and residences close to Wynn.

Miraggio Residences and Apartment Options

Miraggio Residences offers a range of apartment types suitable for investment, holiday-home use and permanent residential living.

Unlike a hotel residence, Miraggio has a conventional residential structure. Owners are therefore not tied to a hotel rental program and have greater flexibility over how they furnish and use their property.

Studios

Studios are sold out from the developer; the price ranges shown are historical reference prices.

1 Bedroom Apartments

Miraggio 1 bedroom apartments are suitable for individual buyers, couples and investors looking for residential property close to Wynn Al Marjan Island. They may also appeal to buyers comparing 1 bedroom apartments across Island 4 based on price, payment plan, location and rental flexibility.

2 Bedroom Apartments

The 2 bedroom residences provide larger internal layouts for families, end-users and investors looking for more usable residential space. The published two-bedroom size range is 1,350–2,500 sq ft.

3 Bedroom Apartments

Miraggio 3 bedroom apartments are designed for buyers seeking larger waterfront residences on Al Marjan Island, including families and lifestyle buyers who require additional internal space.

Furnishing and appliance inclusions depend on the selected unit’s purchase documents. Holiday-home buyers should budget separately for items that are not included.

Miraggio Beach and Waterfront Lifestyle

Miraggio is positioned as a waterfront residential development with access to the wider coastal environment of Al Marjan Island.

For buyers searching for terms such as Miraggio beach, Miraggio Al Marjan Island beach access or waterfront apartments in Ras Al Khaimah, the key point is that the development combines a residential building with promenade access, nearby beach areas and views toward the Arabian Gulf. The project is approximately a 3-minute walk from beach access according to the project information provided.

Its location also gives residents access to the wider Al Marjan Island coastline, hotels, restaurants and leisure destinations.

Main Amenities

  • Infinity pool
  • Kids pool
  • State-of-the-art gym
  • Yoga room
  • Spa
  • Padel court
  • Jogging track
  • Children's play area
  • Tropical gardens
  • Scenic promenade
  • Water features
  • Family lawn
  • Activity lawn
  • Pool bar
  • Juice bar
  • Retail shops
  • Residential grand lobby
  • Arrival drop-off
  • Landscaped seating areas

The development's amenity plan includes spaces such as the gym and terrace, yoga room, infinity pool, children's pool, family lawn, padel court, jogging track, pool bar, waterscape and landscaped outdoor areas.

Miraggio Payment Plan and Cash Flow

The latest supplied Miraggio payment plan is 5% on booking / 15% during construction / 40% on handover / 40% over two years post-handover.

  • 5% on booking
  • 5% on SPA signing
  • 5% within 3 months
  • 5% within 6 months
  • 40% on handover
  • 40% over 2 years post-handover

This totals 20% before handover, 40% on handover and 40% afterward. The provided schedule does not specify the individual post-handover instalment dates; these have therefore not been invented in the cash flow.

Why the 2-Year Post-Handover Plan Matters

A post-handover payment plan can be particularly useful for investors who want additional time to complete their purchase after receiving the property. At Miraggio, buyers have two years after completion to pay the final 40%.

This may allow an owner to furnish the apartment and prepare it for residential or holiday-home use while the remaining purchase payments continue.

However, buyers should not assume that rental income will cover future instalments. Rental performance will depend on the apartment, view, furnishing standard, management company, occupancy, nightly rates and market conditions after completion.

Miraggio as an Al Marjan Island Investment

Miraggio may appeal to buyers considering Ras Al Khaimah property investment, particularly those who want exposure to Al Marjan Island without purchasing a branded hotel residence.

Its main characteristics include its Island 4 location, proximity to Wynn Al Marjan Island, post-handover payment structure, waterfront setting and flexibility associated with a non-branded residential property.

Miraggio and Wynn Al Marjan Island

Miraggio's proximity to Wynn Al Marjan Island is an important part of its location. Wynn is expected to increase the concentration of tourism, hospitality, dining and entertainment activity around Al Marjan Island.

For Miraggio buyers, the relevant consideration is not simply distance to Wynn, but how increased visitor numbers and infrastructure development may affect demand for residential and holiday-home accommodation across the island.

Miraggio remains a separate residential project and is not affiliated with Wynn.

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Residences & availability

Prices & Floorplans

Floorplans
UnitsPrice rangeSize rangesq ftAvg. price/ sq ftFloorplansCheck AvailabilityPayment plan
StudioAED 1.2M to AED 1.6M420 – 600AED 2,762SOLDPayment Plan5 / 15 / 40 / 40i
1 BedPayment plan: 5 / 15 / 40 / 40AED 2M to AED 3.1M804 – 1,178AED 2,560Payment Plan5 / 15 / 40 / 40i
2 BedPayment plan: 5 / 15 / 40 / 40AED 3.3M to AED 5.8M1,350 – 2,500AED 2,382Payment Plan5 / 15 / 40 / 40i
3 BedPayment plan: 5 / 15 / 40 / 40AED 5.26M to AED 6.56M1,826 – 2,600AED 2,702Payment Plan5 / 15 / 40 / 40i
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Miraggio Payment Plan and Cost

Illustrative example · 60% by handover + 40% over 1 year · Based on an average unit price of AED 2,550,000

1 Bed
Starting PriceAED 2,000,000
Illustrative Average PriceAED 2,550,000
iInstalments and fees below use this amount, not the starting price.
Land Dept. Fee · 4%AED 102,000
Admin feeAED 5,250
Total purchase costAED 2,660,000
Payment schedule
Down payment2026
5%AED 128K
During construction2026
15%AED 383K
On handoverQ4 2028
40%AED 1.02M
Post-handover year 12026
40%AED 1.02M
5%AED 128K
Down payment2026
15%AED 383K
During construction2026
40%AED 1.02M
On handoverQ4 2028
40%AED 1.02M
Post-handover year 12026
Annual service charge: AED 15,856Illustrative figuresFees shown separately from instalment amounts

Trade-offs to know

  • 40% is paid after handover, so less cash is tied up before you receive the keys.
  • Furniture and appliance inclusions subject to confirmation: confirm the final inclusion schedule for the selected unit.
  • Beach: 3 mins Walk.
  • Short-term (holiday home) rental is allowed.
  • Resale allowed once 30% has been paid.

Amenities

Facilities listed in the project record.

Wellness & Leisure

Yoga and Meditation Room
Infinity Pool
Swimming Pool
Kids Pool
Gym
Pool Bar

Dining & Social

Juice Bar
Residence Lounge

Family & Recreation

Padel Court
Kids Play Area

Outdoor & Beach

Garden / Park Access
Garden Area

Resident Services

Parking
Wi-Fi
24/7 Security

Lifestyle & Convenience

Jogging Track
Smart Homes System
EV Charging Stations
Retails and Shopping

Project Media

project video, brochure and interactive Al Marjan Island map in one place.

Interactive Al Marjan Island MapExplore Al Marjan Island and nearby landmarks

Your location at a glance

Key destinations within easy reach.

Drive to Wynn6 mins
Hamra Mall10 mins
Rak Airport25 mins
Road distance to Wynn2.7 km

RAKcompare score

Overall score21/24
Location3/3
Views3/3
Beach access3/3
Amenities2/3
Payment plan3/3
Value per sq ft3/3
Developer track record2/3
Construction progress2/3

RAKcompare score out of 3, based on our advisors' assessment.

Buyer questions answered

Miraggio FAQs

Key answers on pricing, ownership, payment plans, resale and availability.

Who is the developer of Miraggio?

Miraggio is developed by Source of Fate. The project is planned as a waterfront residential development with landscaped terraces, water features, tropical gardens and lifestyle amenities.

Is Miraggio a branded residence?

No. Miraggio is not a branded residence. It does not have a hotel operator, which makes it more suitable for buyers who want private residential ownership rather than a hotel-managed project.

What apartment types are available at Miraggio Al Marjan Island?

Miraggio has studio, 1, 2 and 3-bedroom layouts. Studios are sold out from the developer. The existing listed studio prices are historical and not current availability.

Is Miraggio furnished?

The brochure does not establish whether loose furniture is included. Confirm the signed furnishing and appliance schedule for the selected unit.

What is the Miraggio payment plan?

The latest payment plan is 5% booking, 5% on SPA signing, 5% within 3 months, 5% within 6 months, 40% on handover and 40% over 2 years post-handover. The schedule does not state individual post-handover due dates.

When is Miraggio expected to complete?

Miraggio is expected to complete in Q4 2028. Buyers should reconfirm the latest construction update and handover timeline before booking.

Is short-term rental allowed in Miraggio?

Yes. Short-term rental is allowed based on the project details provided. This may make Miraggio suitable for investors looking at holiday-home rental demand on Al Marjan Island.

How close is Miraggio to Wynn Al Marjan Island?

Miraggio is located on Island 4 of Al Marjan Island, close to Wynn Al Marjan Island. Project information indicates approximately a 15-minute walk, making it relevant for buyers looking for residential property near Wynn.

Does Miraggio have beach access?

Yes. Based on the project details, beach access is around a 3-minute walk. Buyers should confirm the exact route and access arrangement before booking.

Does Miraggio have concierge or housekeeping?

No. Miraggio does not include concierge or housekeeping based on the provided project details. Buyers wanting hotel-style services should compare it with branded residences or hotel-operated projects.

What amenities does Miraggio offer?

Miraggio includes an infinity pool, kids pool, gym, yoga room, spa, padel court, jogging track, kids play area, tropical gardens, scenic promenade, juice bar, retail shops and landscaped seating areas.

Can I resell my Miraggio apartment before handover?

Based on the project details, resale is allowed after 30% has been paid, subject to developer approval and the latest resale policy.

What is the estimated service charge at Miraggio?

The estimated service charge at Miraggio is approximately AED 15 to AED 16 per sq ft. Buyers should confirm the final approved service charge before handover.

What are the starting prices and sizes at Miraggio?

Studio: AED 1.2M and 420–600 sq ft. 1 Bed: AED 2M and 804–1,178 sq ft. 2 Bed: AED 3.3M and 1,350–2,500 sq ft. 3 Bed: AED 5.26M and 1,826–2,600 sq ft. Figures are sourced from the current supplied pricing table, not confirmed unit-specific availability.

Are Miraggio studios still available from the developer?

No. Studios are sold out from the developer. Resale availability, if any, is separate and prices can differ from the earlier price ranges.