{"id":10645,"date":"2026-01-24T18:13:18","date_gmt":"2026-01-24T12:43:18","guid":{"rendered":"https:\/\/www.propertystellar.com\/blog\/?p=10645"},"modified":"2026-01-24T18:13:19","modified_gmt":"2026-01-24T12:43:19","slug":"sof-breaks-ground-on-miraggio-waterfront-project-in-rak","status":"publish","type":"post","link":"https:\/\/www.propertystellar.com\/blog\/sof-breaks-ground-on-miraggio-waterfront-project-in-rak\/","title":{"rendered":"SOF begins construction on $707 million Miraggio waterfront development in Ras Al Khaimah"},"content":{"rendered":"<p>Source of Fate (SOF) has officially broken ground on Miraggio, a landmark luxury waterfront project on Al Marjan Island, reinforcing Ras Al Khaimah\u2019s position as a leading destination for premium residential living.<\/p>\n<h3>Key Highlights:<\/h3>\n<ul>\n<li>SOF launches construction of Miraggio, a flagship luxury waterfront development on Al Marjan Island<\/li>\n<li>Total project value of AED 2.6 billion ($707 million)<\/li>\n<li>Development features 810 residential units, including studios and one- to three-bedroom apartments<\/li>\n<li>Project reached 50% off-plan bookings prior to construction, reflecting strong market confidence<\/li>\n<li>Sales have already exceeded AED 1 billion, highlighting sustained demand for waterfront homes<\/li>\n<li>Design milestones successfully completed, including Concept Design approval and Schematic &amp; Preliminary Design<\/li>\n<li>Master-planned to support wellbeing, balance, and connection with nature<\/li>\n<li>Sustainability features include solar-ready infrastructure, greywater irrigation, and central water filtration systems<\/li>\n<li>Al Marjan Island continues to lead Ras Al Khaimah\u2019s real estate growth with strong year-on-year value appreciation<\/li>\n<li>Project supported by leading consultants, including VX Studio, HQS Cost Management, and NEXT Engineering Consultant<\/li>\n<li>Construction aligned with UAE regulations and international building standards, ensuring quality and innovation<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source of Fate (SOF) has officially broken ground on Miraggio, a landmark luxury waterfront project on Al Marjan Island, reinforcing Ras Al Khaimah\u2019s position as a leading destination for premium residential living. Key Highlights: SOF launches construction of Miraggio, a flagship luxury waterfront development on Al Marjan Island Total project value of AED 2.6 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,57,58,59],"tags":[],"class_list":["post-10645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-home-section2","category-blog-home-section3","category-property-news","category-uae-property-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SOF breaks ground on Miraggio waterfront project in RAK<\/title>\n<meta name=\"description\" content=\"Source of Fate begins construction on the AED 2.6 billion Miraggio development at Al Marjan Island,delivering luxury waterfront homes.\" \/>\n<meta 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