BNW Pelagia

Pelagia by BNW Developments is a luxury waterfront residential project on Al Marjan Island, Ras Al Khaimah, inspired by ancient Indian Vastu principles and designed to deliver a serene coastal lifestyle. The 13-storey low-rise building with 2 underground parking levels and a basement stands at the convergence of two major island roads, offering panoramic uninterrupted views of the Arabian Gulf from every residence. A total of 158 fully fitted apartments span 1 to 4-bedroom configurations, with wave-inspired facades, curved balconies, and a smart home system integrated throughout. Two retail units complete the ground floor offering.

• Unit Types: 1BR, 2BR, 3BR Apartments and 4BR Penthouses

• Starting Price: AED 2,300,000

• Payment Plan: 50/50, 10% on Booking, 40% During Construction, 50% on Handover

• Handover: Q4 2027

• Total Units: 158 Residential Apartments + 2 Retail Units

• Building Configuration: 13 Floors + 2 Underground Parking Levels + Basement

• Unit Sizes: 854 sqft (1BR) to 5,747 sqft (4BR Penthouse)

• Architecture: Wave-Inspired Facade, Curved Balconies, Contemporary Coastal Design

• Smart Home: Control Lighting, Climate and Security via Mobile App

• Design Inspiration: Ancient Indian Vastu Principles with Modern Architecture

• Boutique low-rise development on Al Marjan Island with only 158 units, creating strong scarcity-driven demand and capital appreciation potential

• Panoramic uninterrupted Arabian Gulf views from every unit in a 13-storey wave-inspired building

• 8 minutes from Wynn Al Marjan Island Resort, UAE's first integrated gaming resort projected to attract 10 million plus visitors annually

• AI-based studies project up to 58% ROI over five years for premium RAK properties driven by the Wynn Resort effect

• Projected gross yields of 7% to 10%, among the highest for waterfront assets in the Northern UAE

• Rooftop infinity pool, rooftop pool bar, yoga deck, steam and sauna, kids pool and splashpad, delivering resort-style living

• Smart home technology integrated in all units, controlling lighting, climate and security via mobile app

• Accessible 50/50 payment plan, 10% booking, 40% during construction, 50% on Q4 2027 handover

• All units above AED 2M qualify for UAE 10-Year Golden Visa, securing residency for buyer and family

• BNW Developments is RAK's single largest private developer with a proven delivery track record

• Freehold ownership, 100% foreign ownership permitted

• Al Marjan Island Boulevard 5 Minutes Away

• Wynn Al Marjan Island Resort 8 Minutes Drive

• Waldorf Astoria RAK 11 Minutes Drive

• Al Hamra Golf Club 14 Minutes Drive

• Al Hamra Village 15 Minutes Drive

• Cosmo Health Center 16 Minutes Drive

• Dreamland Aqua Park 16 Minutes Drive

• The Ritz-Carlton RAK 25 Minutes Drive

• RAK International Airport 30 Minutes Drive

• Dubai International Airport 45 Minutes Drive

Pelagia features a curated collection of world-class amenities across aquatic, wellness, family and social lifestyle zones, all designed to deliver a resort-style living experience within a private residential setting on Al Marjan Island.

• Rooftop Infinity Pool with Panoramic Arabian Gulf Views

• Scenic Rooftop Pool Bar

• Ground Floor Swimming Pool

• Kids Pool with Splashpad

• Intimate Jacuzzi

• Upscale Gymnasium

• Rejuvenating Steam Room and Sauna

• Peaceful Yoga Deck

• Soothing Zen Corner

• Gourmet BBQ Area

• Indoor Kids Play Area

• Outdoor Kids Play Area

• Water Features and Landscaped Gardens

• Smart Home System Throughout

• Sophisticated Drop-Off Area

• 24/7 Security

• Ground-Level Retail Units

• 1BR Apartment - Size: 854 to 1,405 Sqft, 13 Floors, 1 Bedroom, 1-2 Bathrooms, Parking: 1 Space, Price AED 2,300,000

• 2BR Apartment - Size: 1,211 to 3,602 Sqft, 13 Floors, 2 Bedrooms, 2-3 Bathrooms, Parking: 1 Space, Price AED 3,300,000

• 3BR Apartment - Size: 2,381 to 4,014 Sqft, 13 Floors, 3 Bedrooms, 3-4 Bathrooms, Parking: 1 Space, Price AED 6,200,000

• 4BR Penthouse - Size: 5,132 to 5,747 Sqft, Upper Floors, 4 Bedrooms, 4-5 Bathrooms, Parking: 2 Spaces, Price on Request

• Payment Plan: 50/50

• On Booking: 10%

• During Construction: 40%

• On Handover: 50% (Q4 2027)

Market Snapshot

Ras Al Khaimah's real estate market has recorded property value growth of 20 to 35% in 2024, driven by tourism expansion and the anticipated opening of Wynn Al Marjan Island Resort. Al Marjan Island is a flagship waterfront destination with extremely limited beachfront supply, and Pelagia is one of only a handful of boutique low-rise developments on the island with direct Gulf views. AI-based studies project up to 58% ROI over five years for premium RAK properties, driven by the Wynn Resort effect and infrastructure growth.

Rental Yield

Al Marjan Island waterfront apartments are tracking gross yields of 7% to 10% as of Q1 2026, driven by strong tourism and short-term holiday rental demand. Pelagia's resort-style amenities, Arabian Gulf views, and proximity to the Wynn Resort make it an ideal short-term rental asset. The island's tourism appeal ensures year-round demand, and fully fitted units with smart home integration command a premium above standard unfurnished equivalents.

Capital Appreciation

Pelagia's Q4 2027 handover aligns closely with the expected opening of Wynn Al Marjan Island Resort, the UAE's first integrated gaming resort projected to attract 10 million plus visitors annually. This single catalyst has historically delivered 15 to 25% price uplift in adjacent communities within two years of opening. With Pelagia being one of the most limited boutique supply projects on the island at 158 units, scarcity-driven capital appreciation is strongly positioned.

Price Per Sqft Value

At AED 2,300,000 starting price for a 1BR of 854 sqft on Al Marjan Island beachfront, Pelagia represents strong value against comparable waterfront product across Dubai's established areas. The combination of a low-rise boutique scale, direct Gulf views, Vastu-inspired architecture, and resort-style amenities creates a premium positioning that will strengthen as the Wynn Resort corridor matures.

Key Risk to Note

The 50% balloon payment at Q4 2027 handover requires mortgage pre-planning from early 2026 at the latest, as handover is relatively near. UAE residents can access up to 80% LTV and non-residents typically 50% LTV. Al Marjan Island retail and F&B options outside the resort corridor are still maturing. A minimum 2 to 4 year hold strategy is recommended for optimal capital returns

Q1. What is Pelagia by BNW?

Pelagia by BNW Developments is a luxury waterfront residential project on Al Marjan Island in Ras Al Khaimah, offering 158 residential apartments across 1, 2, 3 and 4-bedroom configurations including penthouse units, plus 2 retail units. The 13-storey building is inspired by ancient Indian Vastu principles and features wave-inspired facades, curved balconies, a rooftop infinity pool, and a full suite of resort-style amenities. It is positioned directly on the island with panoramic uninterrupted Arabian Gulf views from every unit.

Q2. What are the unit sizes and prices at Pelagia?

The one-bedroom apartments range from 854 to 1,405 sqft with a starting price of AED 2,300,000. The two-bedroom apartments range from 1,211 to 3,602 sqft starting from AED 3,300,000. The three-bedroom apartments range from 2,381 to 4,014 sqft starting from AED 6,200,000. The four-bedroom penthouses are the largest units at 5,132 to 5,747 sqft and are priced on request. All units come with dedicated parking and smart home technology.

Q3. How does the payment plan work at Pelagia?

Pelagia offers a straightforward 50/50 payment plan. You pay 10% on booking to secure your unit, 40% in staged instalments during the construction period, and the remaining 50% on handover in Q4 2027. This structure makes it accessible for buyers to enter a premium Al Marjan Island waterfront project without requiring the full payment upfront, with no interest charged on the instalment schedule.

Q4. Will property values at Al Marjan Island appreciate?

Al Marjan Island property values rose 20 to 35% in 2024 alone, with AI-based projections indicating up to 58% ROI over five years for premium RAK properties. The primary catalyst is the Wynn Al Marjan Island Resort, the UAE's first integrated gaming and entertainment resort, which is expected to attract over 10 million visitors annually. Pelagia's Q4 2027 handover aligns with this opening period, positioning buyers for maximum capital appreciation at the point of delivery.

Q5. Is Pelagia suitable for short-term rental investment?

Yes. Pelagia is exceptionally well-suited for short-term holiday rental investment. Al Marjan Island's growing tourism infrastructure, proximity to the Wynn Resort, and beachfront lifestyle credentials drive strong Airbnb and holiday rental demand. The rooftop infinity pool, kids amenities, smart home technology, and panoramic Gulf views are all premium features that command above-average nightly rates. Gross yields of 7% to 10% on the island put Pelagia among the highest-yielding waterfront assets in the Northern UAE.