Taj Wellington Mews By BNW

Taj Wellington Mews is the first Taj branded residential development in the UAE, brought to life through a landmark partnership between BNW Developments and The Indian Hotels Company Limited (IHCL). Located on Al Marjan Island in Ras Al Khaimah, the project features two interconnected towers rising from a circular podium, forming a striking architectural statement of modernity and grandeur. A total of 336 fully furnished residences span studios through 3-bedroom apartments, with interiors curated around warm neutrals, jewel tones, layered textures and touches of gold and brass rooted in India's artistic legacy.

• Unit Types: Studio, 1BR, 2BR, 3BR Apartments

• Starting Price: AED 1,500,000

• Payment Plan: 70/30

• Handover: Q1 2028

• Total Units: 336 Residences + 6 Retail Units

• Building Configuration: 2 Basement + Ground + 12 Floors + Roof (Twin Towers)

• Total Units Breakdown: 185 Studios, 117 One-BR, 26 Two-BR, 8 Three-BR

• Open Spaces: 80% Open Spaces across the Masterplan

• Furnishing: Fully Furnished with Taj Branded Interiors

• Hospitality Management: Managed by Taj under IHCL , 5-Star Hotel Services

• First-ever Taj branded residential development in the UAE , a truly landmark and historic asset

• Managed by IHCL under the iconic Taj brand , ranked World's Strongest Hotel Brand 2024

• Directly on Al Marjan Island beachfront with uninterrupted Arabian Gulf views

• 8 minutes from Wynn Al Marjan Island , UAE's first integrated resort and casino, projected to attract 10M+ visitors annually

• Projected gross yields of 7% to 10% with hotel rental pool access boosting peak season returns by 20 to 30%

• Entry from AED 1,500,000 , significantly below comparable Taj branded product in Dubai

• Flexible 70/30 payment plan , 10% booking, 60% during construction, 30% at 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

• Fully furnished with Taj branded interiors , rentable and move-in ready from day one of handover

• Freehold ownership , 100% foreign ownership permitted

• Al Marjan Island Boulevard 5 Minutes Away

• Rixos Bab Al Bahr Resort within 5 Minutes

• Wynn Al Marjan Island Resort 8 Minutes Drive

• Al Hamra Mall reachable in 10 Minutes

• Cosmo Health Center 16 Minutes Away

• Dreamland Aqua Park 16 Minutes Drive

• RAK Exhibition Centre 18 Minutes

• RAK International Airport 25 Minutes (35 km)

• Dubai International Airport under 60 Minutes via Sheikh Mohammed Bin Zayed Road

• Sheikh Mohammed Bin Salem Road (E11) within 6 Minutes

Taj Wellington Mews features 55+ world-class amenities across dedicated lifestyle zones covering aquatic, wellness, dining, social, family and retail, all managed under Taj's 5-star hospitality standards.

• Exquisite Swimming Pool

• Kids Pool

• Seating Lounge and Sun Deck

• Rejuvenating Spa and Sauna

• Elite Gym and Fitness Cafe

• Open-Air Cinema

• All-Day Dining Restaurant

• Specialty Restaurant

• Bar and Lounge

• Private Meeting Lounge

• Coworking Spaces

• Party Hall

• Kids Play Area

• Yoga and Meditation Area

• Jogging Track

• Landscaped Podium Gardens

• BBQ Area

• EV Charging Stations

• 24/7 Gated Security

• Retail Boulevard with 6 Retail Units

• Studio Apartment - Size: 490 to 939 Sqft, G+12 Floors, 1 Bathroom, Parking: 1 Space, Price AED 1,500,000

• 1BR Apartment - Size: 1,005 to 3,077 Sqft, G+12 Floors, 1 Bedroom, 1-2 Bathrooms, Parking: 1 Space, Price AED 2,600,000

• 2BR Apartment - Size: From 1,532 Sqft, G+12 Floors, 2 Bedrooms, 2-3 Bathrooms, Parking: 1 Space, Price AED 4,200,000

• 3BR Apartment - Size: 1,985 to 5,091 Sqft, G+12 Floors, 3 Bedrooms, 3-4 Bathrooms, Parking: 2 Spaces, Price AED 6,500,000

• Payment Plan: 70/30

• On Booking: 10%

• Before Completion: 60% paid in staged instalments during construction

• On Handover: 30% (Q1 2028)

Market Snapshot

Ras Al Khaimah's real estate market is on a strong growth trajectory driven by tourism, hospitality and infrastructure investment. Al Marjan Island is the emirate's flagship waterfront destination with extremely limited Taj branded supply. The Wynn Al Marjan Island Resort , the UAE's first integrated resort with a casino , is scheduled to open nearby, projected to attract over 10 million visitors annually. RAK recorded significant transaction volume growth in 2024 and 2025 with surging international investor interest in branded residences.

Rental Yield

Taj branded hotel apartments on Al Marjan Island benefit from both long-term residential rental demand and short-term hospitality-driven occupancy managed directly under Taj's 5-star service umbrella. Gross yields on Al Marjan Island branded waterfront units are tracking between 7% and 10% as of Q1 2026. Taj managed units qualify for hotel rental pool programmes, which can yield 20 to 30% above standard residential rates during peak tourism seasons.

Capital Appreciation

Two major catalysts converge at the Q1 2028 handover. Wynn Al Marjan Island is scheduled to open around the same period, transforming the island's international profile and driving property price uplift across the corridor. Taj Wellington Mews will be the only Taj branded residential product on Al Marjan Island at handover, with no comparable competing supply. The scarcity of branded hotel residences in RAK at this price point positions this asset strongly for capital re-rating.

Price Per Sqft Value

At AED 1,500,000 starting price for a fully furnished Taj branded studio, Taj Wellington Mews represents compelling value against comparable branded hotel residences in Dubai Marina or Downtown Dubai, which transact at significantly higher price per sqft unfurnished. First-mover advantage in a rapidly maturing corridor provides strong upside as the Wynn Resort and wider Al Marjan infrastructure develops.

Key Risk to Note

The 30% balloon payment at Q1 2028 handover requires mortgage pre-planning from mid-2026 at the latest. Retail and F&B options on Al Marjan Island are still developing and will take 2 to 3 years post-handover to mature fully. A minimum 3 to 5 year hold strategy is recommended for optimal capital and rental returns.

Q1. What makes Taj Wellington Mews unique?

Taj Wellington Mews is the first-ever Taj branded residential development in the UAE, marking a defining milestone for both the Taj brand and Al Marjan Island. The collaboration between BNW Developments and The Indian Hotels Company Limited (IHCL) , the 120-year-old parent company of Taj, ranked World's Strongest Hotel Brand 2024 , brings 5-star Tajness hospitality directly into residential living. Residents benefit from Taj's signature service, culinary experiences, wellness facilities and hotel management, making every day a 5-star experience.

Q2. How do I handle the 30% payment at handover in Q1 2028?

Begin mortgage pre-approval planning no later than mid-2026. UAE banks offer pre-approval for off-plan handover mortgages up to 24 months in advance. UAE residents can typically access up to 80% loan-to-value, while non-residents typically access 50% LTV. The staggered construction instalments are designed to be manageable, allowing most buyers to accumulate savings toward the final balloon payment during the build period.

Q3. Will property values on Al Marjan Island appreciate?

The Wynn Al Marjan Island Resort , the UAE's first integrated gaming and entertainment resort , is the single most significant demand catalyst for the corridor, projected to attract over 10 million visitors annually. Additionally, Taj Wellington Mews being the only Taj branded product on the island at handover creates strong scarcity-driven appreciation potential. Historically, branded hotel residences in emerging hospitality corridors have delivered 20 to 40% capital appreciation within two to three years of major anchor resort openings.

Q4. What rental income can I expect after handover?

Gross yields on Al Marjan Island luxury branded residences are tracking 7% to 10% as of Q1 2026. Taj managed units can participate in the hotel rental pool, delivering returns driven by tourism occupancy rates. During peak seasons, short-term rental yields through Taj's hospitality network are expected to outperform standard long-term residential rates by 20 to 30%. The Wynn Resort opening is expected to further boost occupancy rates island-wide.

Q5. Who is BNW Developments?

BNW Developments is Ras Al Khaimah's single largest private developer, with approximately 90% of its portfolio in RAK. Founded by Dr. Ankur Aggarwal (Chairman) and Dr. Vivek Anand Oberoi (Managing Director and Co-Founder), BNW has established a track record of architecturally distinctive luxury branded developments including Tonino Lamborghini Residences on the same island. Taj Wellington Mews is their landmark hospitality collaboration, signed at the prestigious Taj Dubai on March 10, 2025.