Source of Faith Properties · Al Marjan Island
Miraggio at Al Marjan Island
Al Marjan Island, Ras Al KhaimahFor sale · Starting from
10% down payment
Listed by
White & Co Real Estate
White & Co Real Estate
Based in Dubai
Ask about availability, pricing, or arrange a viewing directly with White & Co Real Estate.
- Unit types
- Eight types
- Handover
- Q4 2028
- Payment plan
- 10 / 10 / 40 / 40
About the project
About Miraggio at Al Marjan Island
A waterfront residential building on Al Marjan Island with sea-facing orientation and resort-style amenity provision.
Semi-furnished delivery with equipped kitchens, expansive private terraces across the unit range, and floor-to-ceiling windows with panoramic sea outlook.
Al Marjan Island is a master-planned waterfront development with a fixed land area. Unlike mainland districts, supply is bounded by the reclamation itself, which is the structural underpinning of the pricing case. Road access to the island is established, and hotel, F&B and marina infrastructure is expanding alongside the residential pipeline rather than lagging it.
Demand splits into two pools: leisure demand driving short-let and holiday-home occupancy, and a growing residential base drawn by Ras Al Khaimah's tax position and lower entry pricing relative to Dubai.
Video tour
Plays here. Open on YouTube
Units & prices
Eight unit types
1 bedroom – Community view, 1 bedroom – Lamborghini + sea view, 1 bedroom – Sea view, 2 bedroom – Sea + beach residences view, 2 bedroom – Sea + Lamborghini view, 2 bedroom – Direct sea view, 2 bedroom – Sea + amenities view and 3 bedroom – Front sea view
Notes
1BR, 2BR and 3BR residences.
Unit sizes have not been recorded against these prices and the developer size schedule is outstanding, so no price per square foot is quoted.
Total unit count is not yet confirmed.
Payment plan
Payment plan
Only 20% is payable before handover, split across booking and SPA signing. A further 40% falls at handover and the balance spreads across 24 months afterwards.
- 10%On bookingAED 205,000
- 10%On SPA signingAED 205,000
- 40%On handoverQ4 2028AED 820,000
- 40%Post-handover, over 24 monthsAED 820,000
Amounts are worked out on the starting price of AED 2.05M.
Amenities
Features & amenities
What the property and community offer.
- Sea-view infinity pool
- Kids pool and play area
- State-of-the-art gymnasium
- Yoga room and wellness areas
- Padel court
- Tropical gardens and waterscape lounge
- Scenic promenade
- Jogging track
- Juice bar
- Expansive private terraces
- Floor-to-ceiling windows with sea outlook
Location
Al Marjan Island
Al Marjan Island, Ras Al Khaimah
About Al Marjan Island
Al Marjan Island is a group of man-made islands off the Ras Al Khaimah coast, around an hour's drive from Dubai. It is a resort-led area of hotels and apartments, and the site of the Wynn Al Marjan Island integrated resort, currently under construction.
Nearby
The investment case
Who it suits, and why
Type of investment
High rental yield
- For investors who want strong rental income first, with moderate capital growth as a secondary benefit.
- Suits buyers focused on cash flow and covering holding costs.
Capital appreciation
- For investors who prioritise long-term value growth and accept a more modest rental yield.
- Suits buyers with a longer horizon who don't rely on rental income.
Best positioned for
Capital appreciation investors taking a waterfront position on Al Marjan Island through to Q4 2028 on a 20% deployed basis, and short-let operators drawn by island leisure demand and semi-furnished, sea-facing delivery. Also suits lifestyle buyers intending to use the asset personally alongside letting it.
Investment analysis
Miraggio is a waterfront residential asset on Al Marjan Island, the man-made archipelago that has become the focal point of Ras Al Khaimah's repositioning as a leisure destination. The island is where the emirate's tourism infrastructure is concentrating, and beachfront plots on it are finite in a way that mainland RAK land is not.
The commercial structure is what distinguishes this from most Al Marjan stock. Only 20% is payable before handover. That means an investor holds a waterfront position through the entire construction period, and through the island's most significant infrastructure milestones, having deployed a fifth of the price.
The product itself is lifestyle-led: sculptural architecture, sea views, semi-furnished delivery and expansive terraces. That positions it toward buyers who intend to use or short-let the asset as much as toward pure investors.
Why this works
- Only 20% is deployed before handover, an unusually light construction-phase commitment for waterfront stock
- Beachfront frontage on Al Marjan Island cannot be extended once allocated, underpinning the pricing case for sea-facing stock
- The 24-month post-handover tail begins once the unit is lettable, so short-let income can offset those instalments
- A 20% pre-handover position is the lowest entry threshold on comparable island stock, materially widening the onward buyer pool
- Semi-furnished delivery with equipped kitchens, ready for short-let operation
- Wellness and padel provision extends appeal beyond holiday users to longer-stay residents
Exit options
- Pre-handover assignment at a 20% deployed position
- Short-let operation into island leisure demand
- Post-handover resale to lifestyle buyers drawn by the waterfront position
The developer
Source of Faith Properties
Source of Faith Properties
Young UAE luxury developer (est. 2021), part of Wheel of Fate group, with projects in Dubai and on Al Marjan Island, RAK. No completed handovers on public record yet.
Founded 2021 · Head office Dubai · Builds in Dubai, Ras Al Khaimah
Get in touch
Interested in Miraggio at Al Marjan Island?
Listed by
White & Co Real Estate
White & Co Real Estate
Based in Dubai
Ask about availability, pricing, or arrange a viewing directly with White & Co Real Estate.
Agency ORN: 25663
Next steps
- 1Obtain the developer size schedule, required before any per-square-foot comparison or feasibility model can be built
- 2Review availability and confirm remaining stock by unit type, floor and sea aspect
- 3Secure the unit with a deposit and execute the booking form
- 4Structure the payment timeline, mapping the 40% handover tranche and the 24-month post-handover tail against expected short-let income