BNW Developments

BNW Developments is a privately held company with its corporate office in Ubora Tower, Business Bay. Its chairman and founder is Ankur Aggarwal, a former chartered accountant, and its managing director and co-founder is the Indian actor Vivek Anand Oberoi. According to the company's own account, Aggarwal first set up a land-trading business, BNW Buying and Selling, and then moved into development. It does not publish accounts. Its website claims 13 launched projects with a gross development value of AED 32 billion and a staff of 750, figures we could not independently verify.

Most of the pipeline is in Ras Al Khaimah, clustered on Al Marjan Island close to the Wynn resort, with further projects at RAK Central and in Dubai. The strategy is brand-led: alongside Aqua Arc, its best-known project, it has announced Taj Wellington Mews with the Indian Hotels Company, Dolce Residences by Wyndham, Tonino Lamborghini Residences, Radisson Blu residences at RAK Central and FashionTV Acacia. Aqua Arc was launched in 2024 from about AED 2.24 million, with a two-year post-handover payment plan advertised as a limited-time offer.

Nothing has been completed. Company statements describe Aqua Arc as having finished piling, with MAN Construction, part of Masah Group, as main contractor. Ground was broken on La Perla (57 apartments) and Tonino Lamborghini Residences on 21 April 2026, with completion expected in the fourth quarter of 2027 and handover in the fourth quarter of 2028 respectively.

In November 2026 BNW's website listed 12 projects: Aqua Arc, Pelagia, Aquino, Aqua Maya, La Perla, Taj Wellington Mews, FashionTV Acacia and Tonino Lamborghini Residences on Al Marjan Island; Radisson Blu Residences in RAK Central; and, in Dubai, Ramada Residences by Wyndham in Al Jaddaf, Orvessa Residences in Al Furjan, which BNW launched in April 2026 as its Dubai debut, and Maréa in Dubai Marina, shown without a price or launch date. Dolce Residences by Wyndham on Al Marjan Island was announced in August 2026. Property Finder now marks Aqua Arc, Aquino, Aqua Maya, La Perla and Ramada Residences as sold out by the developer, so homes there are resales. The company reported sales of AED 802.3 million in the first quarter of 2026, says it has 12 developments under way, expects handovers to begin from 2027 and plans about 10,000 homes across Dubai and Ras Al Khaimah over four years. Property Finder shows two Dubai buildings under BNW's name as ready, Ramada Residences (completion January 2026) and Esplora in Jumeirah Village Circle (December 2025), but BNW's own statements about handovers starting in 2027 do not match, and we could not confirm that either building has been completed and handed over.

A note on sources. Much of the press coverage of BNW in UAE newspapers is labelled partner content, which means it was paid for or supplied by the company. We have used it only for basic facts such as names, unit counts and stated dates, and a buyer should weigh it the same way.