Miraggio
Off-Plan

Miraggio

From AED 1.20M·Handover Dec 2028·20% down payment Payment
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AED 1.20M
Starting Price
Dec 2028
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Miraggio is an architectural gem on Al Marjan Island, developed by Source of Fate Properties and represented by Savills. The complex offers 810 residences, including studios, 1, 2 and 3 bedroom apartments. The building has a ground floor with retail space and a grand lobby, and 15 residential floors above. The project features curved terraces, flowing architecture and cascading balconies, creating a sense of harmony with the natural landscape. The design of the residences emphasizes the natural dynamics of light and open spaces. Panoramic floor-to-ceiling windows open up to sea views and sunsets. The decoration uses natural materials, including stone and wood, in a light, calming palette. Residents have access to a wide range of world-class resort amenities: infinity pool, yoga studio, children's pool and play area, promenade with green lawns, pool bar and juice bar, tropical gardens and fountains, private lounges, etc. Miraggio occupies a privileged position: 15 minutes walk to Wynn Al Marjan Island, 25 minutes to the center of Ras Al Khaimah, convenient access to RAK International Airport, nearby are Al Hamra Mall, Al Hamra Golf Club, Royal Yacht Club. For sale: Studios - from 1 200 000 AED / 420 sq. ft. 1 BR - from 1 900 000 AED / 804 sq. ft. 2 BR - from 3 200 000 AED / 1 304 sq. ft. 3 BR - from 4 900 000 AED / 1 826 sq. ft.

Project Specifications
DeveloperSource of Fate Properties
LocationAl Marjan Island
Unit TypesStudio, 1 BR, 2 BR, 3 BR, Apartments
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 78,000 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Miraggio launch basis1,333AED 1.20MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Source of Fate Properties.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Miraggio — 1 Bedroom Floor Plan

Amenities & Lifestyle

Children’s pool
Covered gym
Crossfit zone
Infinity pool
Jogging tracks
Kids Play Area
Kids splash pad
Landscaped garden
Leisure areas
Lift
Lobby
Paddle court
Recreational areas
Retail outlets
Shared Pool
Shared gym & fitness
Walking paths
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

Miraggio by Source of Fate Properties

02

Located in Al Marjan Island

03

Starting from AED 1,200,000

04

Unit mix includes Studio, 1 BR, 2 BR, 3 BR

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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