Source of Fate (SOF), a luxury real-estate developer under the Wheel of Fate Group, has reported that 80 per cent of buyers for its flagship seaside development, Miraggio, are international investors. The first-line waterfront project on Al Marjan Island continues to draw strong global interest from buyers seeking long-term value in one of the UAE’s fastest-growing coastal destinations.

Investor demand is led by the United Kingdom, followed by Turkey, Poland, France, the United States and India. The launch of Miraggio Phase II has further boosted interest, supported by a competitive payment plan that includes 20 per cent on booking — with an option to resell at that stage — 40 per cent on completion through flexible payment or loan plans, and the remaining 40 per cent payable over two years post-handover.

Dr Majid Jack Hsiung, General Manager of Source of Fate, said investor priorities are shifting toward stability, high-end lifestyle offerings and long-term asset value. He noted that Miraggio meets these expectations with full sea views, premium amenities, modern design and attractive pricing, while the new payment structure offers flexibility, better cash-flow management and greater financial certainty.

Company data shows that most buyers are long-term investors looking for returns at completion, driven by Ras Al Khaimah’s expanding entertainment landscape, the upcoming Wynn Al Marjan Island resort, rising tourism and increased business activity. Miraggio’s buyer profile ranges from seasoned investors to first-time international entrants seeking diversification beyond traditional markets.

Following the rapid sell-out of its earlier project, Sunshine Bay, SOF continues to demonstrate strong traction in delivering highly desirable coastal developments. The company said that sustainable design, curated lifestyle amenities and flexible ownership models are increasingly influencing investor decisions across the UAE’s luxury real-estate sector.

In an evolving Ras Al Khaimah market, Miraggio is positioned to support the emirate’s growth by aligning closely with investor demand and broader trends shaping premium waterfront living.