Source Of Fate

Construction & Real Estate

SoF breaks ground on $707m RAK waterfront project

Thu, 22 Jan 2026

Source of Fate (SoF), a high-end luxury real estate developer, has started work on its AED2.6 billion ($707 million) luxury waterfront project - Miraggio - located on Al Marjan Island in Ras Al Khaimah, featuring 810 residential units with a mix of studios and one- to three-bedroom apartments as well as premium amenities.