Projects in Miraggio

New Projects in Miraggio, Al Marjan Island: A Focused Off-Plan Window with One Developer

Miraggio is a sub-area within Al Marjan Island, Ras Al Khaimah's most active waterfront destination for off-plan development. The market here is concentrated. Two projects, both apartments, both from a single developer, and both pointed at the same handover window. That level of focus means buyers are making a straightforward choice rather than navigating a complex field of options.

The developer behind both projects is The Source of Fate Real Estate Development. With one name responsible for the entire available inventory in this pocket of Al Marjan Island, build quality and delivery consistency will hinge entirely on that developer's track record. Buyers should conduct their own due diligence on completed or in-progress work before committing.

Where AED 1.45M Sits in the Range

Pricing runs from AED 1,200,000 at the lower end up to AED 5,450,000 at the top, with a median of AED 1,450,000. The fact that the median sits very close to the floor suggests the majority of available units are priced in the lower band, with the upper end representing a smaller number of larger or more premium configurations. Both projects are apartment-only, so the spread likely reflects unit size and positioning within the building rather than a mix of property categories.

Entry requires a minimum 10% down payment, which is a low starting point relative to typical Dubai and wider UAE off-plan norms. One of the two projects includes a post-handover payment plan, which gives buyers on that scheme the ability to spread payments beyond the completion date rather than settling in full at handover.

Handover for both projects is scheduled within December 2028, with the earliest completion listed as December 2028 and the latest December 2028. The window is tight, which means buyers entering now are looking at roughly two and a half years of off-plan exposure before delivery.

The amenities list points toward a building designed for resident comfort at a mid-tier level: a gymnasium, indoor swimming pool, landscaped gardens, and a leisure lounge sit alongside practical inclusions like CCTV security and lobby services. The presence of a children's play area and barbecue space signals that the developer is marketing to families and owner-occupiers alongside investors. It does not have the spa-heavy, amenity-stacked profile of the ultra-premium island projects nearby.

For buyers specifically focused on Al Marjan Island but working within or slightly above the AED 1.45M median, Miraggio offers limited but clearly defined options. The narrow inventory makes comparison-shopping within this subdistrict difficult, so most buyers will be weighing these projects against other sub-areas on the island rather than between multiple competing developers here.