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.

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

29 Nov 2025

REC Funds New Workshop and Classroom Block in Coimbatore

The foundation stone for a new Workshop and Classroom Building at the Ramakrishna Mission Technical Campus in Coimbatore was recently laid, with the facility being developed under the CSR support of REC Limited. Narayanan Thirupathy, Independent Director, REC Ltd, and Immanuvel Antony Doss, Chief Manager, REC Ltd, attended the ceremony.The Rs 90.6 million project aims to strengthen technical training and enhance academic infrastructure for students. The new block will offer upgraded learning spaces and advanced workshop facilities, further supporting the institution’s mission to build s..

Infrastructure Urban

29 Nov 2025

Bondada E&E Opens First NABL Photometry Lab in AP & Telangana

Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited (BEL), has recently secured NABL accreditation under ISO/IEC 17025:2017 for its Lighting Laboratory in Hyderabad. The certification makes it the first NABL-accredited photometry facility in Andhra Pradesh and Telangana, enhancing the region’s testing ecosystem for LED and lighting products.The accredited laboratory is equipped to provide reliable, standards-compliant validation, reducing reliance on out-of-state facilities and supporting quicker product development cycles. The company noted that the milestone aligns..

Infrastructure Urban

29 Nov 2025

Kaushalya Logistics Appoints Rajendra Singh Shekhawat as CEO

Kaushalya Logistics Limited (NSE: KLL), a diversified logistics provider specialising in cement-sector supply chain operations, has announced the appointment of Rajendra Singh Shekhawat as its new Chief Executive Officer. He brings more than 24 years of leadership experience across India’s leading cement conglomerates and logistics-driven enterprises, with a proven record in operational excellence, cost efficiency and large-scale transformation.Shekhawat has previously held senior roles at major cement companies, including Assistant Vice President – Logistics & Packing at Wonder Cement..