A new player in the UAE’s real estate scene, Source of Fate Properties, has officially commenced construction of its luxury waterfront project, Sunshine Bay, located on the stunning Al Marjan Island in Ras Al Khaimah.
A Prime Location with Exclusive Residences
Sunshine Bay offers 240 high-end seafront homes, just a 15-minute stroll from the iconic Wynn Al Marjan Island resort, which includes the UAE’s upcoming casino project. This development adds a new dimension to Source of Fate Properties’ impressive real estate portfolio, valued at over AED10bn ($2.7bn) in luxury investments across the UAE.
Exciting Projects on the Horizon
The developer has ambitious plans, with further developments on Al Marjan Island set to be announced within the next year, along with at least two new projects launching in Dubai.
Award-Winning Collaboration with Italian Designers
In partnership with renowned Italian design firm Mercurio Design Lab (MDL), Sunshine Bay’s innovative design has already garnered three prestigious awards. This collaboration underscores the developer’s commitment to crafting properties that are both unique and visually stunning.
Setting New Standards in Luxury Living
Dr. Majid Jack Hsiung, General Manager of Source of Fate Properties, shared his excitement about Sunshine Bay: “We’re surrounded by iconic structures in the UAE, which challenges us to design properties that truly stand out. Sunshine Bay’s location on Al Marjan Island presents tremendous opportunities for investors and homeowners seeking premium seafront living. We look forward to welcoming the first residents in early 2027.”
Elevated Living Experience on Al Marjan Island
Andrew Cummings, Head of Residential at Savills Middle East, praised Sunshine Bay for redefining luxury living on Al Marjan Island: “This project is set to become a standout resort-style community. With the expected tourism boom driven by attractions like the Wynn Al Marjan Island, we anticipate strong returns and property value appreciation for investors.”
Ras Al Khaimah’s Tourism Boom and Population Growth
Ras Al Khaimah’s tourism industry continues to soar, with an 8% rise in 2023, reaching 1.22 million visitors. This number is expected to grow to 5 million annually by 2030, with the local population projected to increase by 600,000.
World-Class Amenities for Residents
Sunshine Bay promises a luxury lifestyle with top-tier amenities spread across 12 floors. Residents will enjoy:
- Infinity pool
- Gym
- Spa and steam rooms
- Saunas
- Outdoor yoga areas
- Fitness spaces
- Atrium garden
- Business lounge
- Billiard room
- Barbecue area
- Sundeck
- Kids’ pool and playground
Spacious, Elegant Residences
Starting at AED980,000 ($267,000), Sunshine Bay offers spacious studio, one-, and two-bedroom units, along with exclusive residences featuring terraced gardens, Jacuzzis, and plunge pools. This project is poised to be a prime choice for those seeking luxury seafront living in one of the UAE’s most picturesque locations.
Interested in RAK Real Estate?
Get personalized recommendations from our investment team
Get Free Consultation →