Miraggio

Miraggio Residences is a waterfront residential project on Island 4, Al Marjan Island, Ras Al Khaimah, developed by Source of Fate. The project is designed around curved architecture, cascading balconies, landscaped terraces, water features and resort-style outdoor spaces, creating a calm residential address close to the future Wynn Al Marjan Island.

For buyers comparing Al Marjan Island apartments, RAK off-plan property, waterfront apartments in Ras Al Khaimah and property near Wynn Resort RAK, Miraggio offers a non-branded residential option with studios, 1 bedroom, 2 bedroom and 3 bedroom apartments. The project has 810 apartments, ground-floor retail, tropical gardens and panoramic Arabian Gulf views.

Quick Facts

• Project: Miraggio Residences
• Location: Island 4, Al Marjan Island
• Developer: Source of Fate
• Type: Residential
• Brand: No
• Building: G + 15 floors
• Total Units: 810
• Unit Mix: Studio, 1 bedroom, 2 bedroom and 3 bedroom apartments
• Furnished: No
• Payment Plan: 10/10/40/40
• Post-Handover Plan: 40% over 2 years
• Completion: Q4 2028
• Resale Allowed After: 30% paid
• Short-Term Rental: Yes
• Beach Access: Around 3 minutes walk
• Service Charge: Estimated AED 15–16 per sq ft
• F&B / Retail: Retail shops and juice bar
• Hotel Services: No concierge and no housekeeping

Location and Connectivity

Miraggio is located on Island 4 of Al Marjan Island, one of Ras Al Khaimah’s most searched waterfront investment areas. The project sits along the bay promenade, giving residents access to a coastal lifestyle while staying close to future tourism and leisure demand around Wynn Al Marjan Island.

The brochure highlights Miraggio’s proximity to Wynn Resort, RAK City Centre, Ras Al Khaimah International Airport and Dubai. It also mentions nearby destinations such as Al Hamra Mall, Al Hamra Golf Club and the Royal Yacht Club.

Key location points

• On Island 4, Al Marjan Island
• Around 15 minutes walk from Wynn Al Marjan Island
• Around 5 minutes by car from Wynn Resort
• Around 25 minutes from RAK City Centre
• Around 30 minutes from Ras Al Khaimah International Airport
• Around 1 hour from Dubai
• Close to beach areas, resorts, hotels and leisure destinations

Residences and Layout Options

Miraggio offers a mix of apartments for both investment and end-use buyers. The building has a residential focus rather than a hotel-operated structure, which gives owners more control over furnishing, usage and rental strategy.

Apartment options

• Studios - Compact apartments suitable for buyers looking for an Al Marjan Island investment unit or holiday-home rental option.
• 1 Bedroom Apartments - Practical layouts for investors, couples or buyers wanting a residential unit near Wynn Resort Ras Al Khaimah.
• 2 Bedroom Apartments - Larger homes suitable for families, end-users and buyers looking for stronger long-term usability.
• 3 Bedroom Apartments - Spacious waterfront residences for families or lifestyle buyers who want more internal space on Al Marjan Island.

The apartments are delivered unfurnished, so buyers should plan for furniture, appliances, curtains and holiday-home setup if the unit will be used for short-term rental.

Lifestyle and Amenities

Miraggio is designed with a strong outdoor and wellness focus. The amenity mix is more lifestyle-led than a standard residential building, with pools, gardens, fitness facilities, family areas and promenade-style spaces.

Main amenities

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

The brochure’s amenity plan shows key spaces such as the gym and terrace, yoga room, infinity pool, kids pool, family lawn, padel court, jogging track, pool bar, waterscape and landscaped seating areas.

Payment Plan and Ownership

Miraggio has a 10/10/40/40 payment plan, with a significant part payable after handover. This makes it relevant for buyers comparing post-handover payment plan properties in Ras Al Khaimah.

Payment structure

• 10% on reservation
• 10% on signing SPA
• 40% during construction milestones
• 5% on handover
• 40% post-handover over 2 years

The post-handover amount is paid across 6, 12, 18 and 24 months after handover. This structure may help buyers who want more time after completion, especially if they plan to furnish and rent the apartment after handover.

Investment View

Miraggio may appeal to buyers looking for Ras Al Khaimah property investment with exposure to Al Marjan Island’s tourism growth. Its main strengths are the Island 4 location, Wynn proximity, short-term rental permission, waterfront lifestyle and post-handover payment structure.

Investment strengths

• Located on Al Marjan Island
• Close to Wynn Resort Ras Al Khaimah
• Short-term rental allowed
• Post-handover payment plan
• Studio to 3 bedroom unit mix
• Waterfront and promenade setting
• Non-branded residential ownership
• Walking access to beach areas
• Suitable for buyers comparing RAK off-plan apartments

Because Miraggio is not hotel-managed, rental performance will depend on the selected unit, view, furnishing quality, holiday-home management and market conditions after handover.

Who Miraggio May Suit

Miraggio is best suited for buyers who want a residential project on Al Marjan Island rather than a branded hotel residence.

Good fit for

• Buyers looking for property near Wynn Resort RAK
• Investors considering short-term rental on Al Marjan Island
• End-users who prefer a non-hotel residential building
• Buyers who want a post-handover payment plan
• Families looking for 2 or 3 bedroom apartments
• Buyers who want to furnish the apartment themselves
• Buyers comparing waterfront apartments in Ras Al Khaimah

Compare Miraggio on RAKcompare

Before buying Miraggio, compare it on RAKcompare against other Al Marjan Island properties, Ras Al Khaimah waterfront apartments, branded residences, hotel residences and non-branded residential projects.

RAKcompare helps buyers compare Miraggio by location, developer, payment plan, post-handover terms, beach access, furnishing, service level, completion date, short-term rental potential and investment suitability.

This makes it easier to compare before committing and choose the project that best fits your lifestyle, rental strategy and long-term investment plan.

Read More:

Click to read about the Process of buying a property directly from the Developer

Blogs

Click to Explore Marjan Island

Click to Explore 12 Best Properties with Wynn Views

Click to Explore Branded Properties on Marjan Island

Click to Explore Studios under USD 350k

Click to Explore 1 Beds under USD 550k