Source of Fate Sees 80% Overseas Demand for Miraggio Project

29 Nov 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..