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Sunshine Bay consists of 240 residences plus amenities across 12 floors.
Real estate developer Source of Fate Properties has broken ground and commenced construction at at Sunshine Bay, its first project on Al Marjan Island in Ras Al Khaimah.
Sunshine Bay is a 12-storey luxury prime oceanfront residential development with 240 residences, near the Wynn Al Marjan Island resort. Units comprise studio, one and two-bed options, plus an exclusive selection with features such as terraced gardens, jacuzzis and plunge pools.
Source of Fate Properties has partnered with Italian architecture and design firm Mercurio Design Lab (MDL) for the project.
Amenities for residents include infinity pool, gym, spa, steam rooms, saunas, outdoor yoga spaces and fitness areas. Within the public areas, there will also be an atrium garden, business lounge, billiard room and family-friendly community facilities such as a barbecue area, outdoor sundeck, kids’ pool and children’s playground.
“There are many iconic buildings in the UAE, so we understand the importance of crafting distinctive properties that stand out. Sunshine Bay is ideally located on Al Marjan Island and we believe it provides a wealth of opportunities for prime residential investors and prospective homeowners,” said Source of Fate Properties’ General Manager, Dr. Majid Jack Hsiung.
“As a business, we are keen to set new benchmarks for luxury living and we look forward to welcoming our first residents to Sunshine Bay in early 2027.”
“Sunshine Bay raises the bar for developments on Al Marjan Island. It will be an elegant resort-style community for residents and given the expected boom in tourism, bolstered by the development of hospitality landmarks such as the Wynn Al Marjan Island, we expect a robust return and capital appreciation for investors,” said Andrew Cummings, Head of Residential at Savills Middle East.
The groundbreaking ceremony took place on-site, with prestigious guests including Khaled Assaf, Commercial Director at Marjan, Mohamed Mahmoud from the Escrow Division at Ras Al Khaimah Municipality, and Andrew Cummings, Head of Residential at Savills Middle East, which is providing key consultancy.
Sunshine Bay is part of the Source of Fate Properties portfolio, which has a pipeline of more than $2.72 billion (AED10 billion) in luxury real estate investments across the UAE.
Upcoming projects to be announced over the coming 12 months include further developments on Al Marjan Island, as well as at least two launches in Dubai.
These include a high-end villa development in Dubai’s Meydan, set to launch in 2024. and a branded residence in Ras Al Khaimah.
The developer is backed by multinational holding company Wheel of Fate, which is headquartered in Dubai International Financial Centre. It holds subsidiaries across equity investment, real estate development, luxury automobile trading, general trading, hotel management, F&B, consulting services, outdoor sports and other activities. |
