--- title: "BNW Developments" canonical: https://www.uaepropertyagents.com/developers/bnw-developments markdown: https://www.uaepropertyagents.com/md/developers/bnw-developments.md type: developer description: "A young private developer led by Ankur Aggarwal and actor Vivek Anand Oberoi, with a large branded pipeline on Al Marjan Island and no completed project yet." last_verified: 2026-11-13 sources: 13 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # BNW Developments: developer profile > A young private developer led by Ankur Aggarwal and actor Vivek Anand Oberoi, with a large branded pipeline on Al Marjan Island and no completed project yet. Facts last verified 13 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Headquarters | Ubora Tower, Business Bay, Dubai | | Ownership | Privately held; founded by Ankur Aggarwal with Vivek Anand Oberoi as co-founder and managing director | | Website | https://bnw.ae | | Market segment | luxury | | Builds in | Ras Al Khaimah, Dubai | | Developments covered | 7 | | Launched projects (company figure) | 13 | | Completed projects | None as of November 2026 | | Projects on BNW's website (November 2026) | 12 | | Q1 2026 sales (company figure) | AED 802.3 million | ## Overview 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. ## Strengths - Has secured recognised hospitality brands for its projects, including Taj (Indian Hotels Company), Wyndham and Radisson. - Named contractors and visible site activity: piling at Aqua Arc was reported complete and two further projects broke ground in April 2026. - Concentrated on Al Marjan Island, where the Wynn resort, expected to open in September 2027, is the emirate's main demand driver. ## Considerations for buyers - No completed project. Thirteen launches, by its own count, are in progress at once for a developer with no handover behind it. This is the central risk and no brand partnership removes it. - The earliest dates it has stated are late 2027 for La Perla and late 2028 for Tonino Lamborghini Residences, both of which only broke ground in April 2026. Ask for the registered completion date and a current site report for any project. - Most favourable press about the company is paid partner content. Independent, verifiable information on its finances is not available. - Its Ras Al Khaimah projects all depend on the same catalyst and will compete with a large pipeline from other developers on and around Al Marjan Island. - A brand name on a residence is a licence agreement, not a guarantee of delivery or of rental income. Read what the brand is actually contracted to do and for how long. - Post-handover payment plans and marketing claims about returns should be treated as sales incentives. Confirm that payments go to the project's registered escrow account. ## Current developments - [Pelagia](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/pelagia): BNW Developments; Al Marjan Island, Ras Al Khaimah; under construction; handover Q4 2027; from AED 2,300,000 (as of 2026-11-13) - [Taj Wellington Mews](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/taj-wellington-mews): BNW Developments; Al Marjan Island, Ras Al Khaimah; under construction; handover Q1 2028; from AED 1,500,000 (as of 2026-11-13) - [FashionTV Acacia](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/fashion-tv-acacia): BNW Developments; Al Marjan Island, Ras Al Khaimah; under construction; handover Q2 2028; from AED 1,960,000 (as of 2026-11-13) - [Orvessa Residences](https://www.uaepropertyagents.com/dubai/al-furjan/orvessa-residences): BNW Developments; Al Furjan, Dubai; under construction; handover Q3 2028; from AED 1,270,000 (as of 2026-11-13) - [Tonino Lamborghini Residences](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/tonino-lamborghini-residences): BNW Developments; Al Marjan Island, Ras Al Khaimah; under construction; handover Q4 2028; from AED 1,690,000 (as of 2026-11-13) - [Radisson Blu Residences RAK Central](https://www.uaepropertyagents.com/ras-al-khaimah/rak-central/radisson-blu-residences-rak-central): BNW Developments; RAK Central, Ras Al Khaimah; under construction; handover Q4 2029; from AED 1,120,000 (as of 2026-11-13) - [Dolce Residences by Wyndham](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/dolce-residences): BNW Developments; Al Marjan Island, Ras Al Khaimah; under construction; handover Q4 2028; from AED 2,400,000 (as of 2026-11-13) ## Questions and answers ### Has BNW Developments completed any projects? No. As of November 2026 none of its projects has been completed. The earliest dates the company has stated are the fourth quarter of 2027 for La Perla and the fourth quarter of 2028 for Tonino Lamborghini Residences. ### Who owns BNW Developments? It is a private company founded by Ankur Aggarwal, its chairman. Actor Vivek Anand Oberoi is co-founder and managing director. It does not publish financial statements. ### Where does BNW Developments build? Mainly in Ras Al Khaimah, on Al Marjan Island and at RAK Central, with some projects in Dubai. Its corporate office is in Business Bay, Dubai. ### Is BNW Developments a safe developer to buy from? It has no delivery record yet, so the purchase rests on escrow protection and construction progress, not on reputation. Verify the project's registration and escrow account with the Ras Al Khaimah or Dubai authorities, and prefer payment plans linked to construction milestones. ### What do BNW Developments properties cost? Among the BNW Developments developments we cover, prices start from AED 1,120,000 at [Radisson Blu Residences RAK Central](https://www.uaepropertyagents.com/ras-al-khaimah/rak-central/radisson-blu-residences-rak-central), with entry prices up to AED 2.4M at Dolce Residences by Wyndham. ### What payment plans does BNW Developments offer? Plans vary by project. Across current launches we cover, BNW Developments is offering 10/40/50, 10/50/40, 20/50/30 and 20/40/40 structures. Each development page shows the stages and the amounts in dirhams. ## Sources Facts on this page were last checked against these sources on 13 November 2026. - [BNW Developments: About us](https://bnw.ae/en/about-us) - [BNW Developments: Groundbreaking of Tonino Lamborghini Residences and La Perla (1 May 2026)](https://bnw.ae/en/news/ground-breaking-tonino-lamborghini-la-perla) - [BNW Developments: News release on founders and Al Marjan Island projects](https://bnw.ae/en/news/vivek-anand-oberoi-ankur-aggarwal-ultra-luxury-projects-marjan-island) - [Khaleej Times (partner content): BNW Developments profile](https://www.khaleejtimes.com/business/property/foundation-to-frontier-bnw-developments-leading-the-next-wave-of-uae-luxury-real-estate) - [Gulf News (partner content): BNW Developments unveils Aqua Arc (30 July 2024)](https://gulfnews.com/business/bnw-developments-unveils-aqua-arc-al-marjan-islands-ultimate-investment-opportunity-1.1721739173737) - [Gulf Construction: Wynn Al Marjan Island opening expected September 2027 (5 August 2026)](https://gulfconstructiononline.com/ArticleTA/466177) - [BNW Developments: project list](https://bnw.ae/en/projects) - [BNW Developments: Q1 2026 sales of AED 802.3 million (11 April 2026)](https://bnw.ae/en/news/q1-2026-sales-growth) - [BNW Developments: plans for 10,000 homes, handovers from 2027 (3 August 2026)](https://bnw.ae/en/news/bnw-developments-plans-10000-homes-uae) - [BNW Developments: debut in Dubai with Orvessa Residences (6 April 2026)](https://bnw.ae/en/news/dubai-debut-branded-orvessa-residences) - [BNW Developments: world's first Dolce Residences by Wyndham (3 August 2026)](https://bnw.ae/en/news/bnw-launches-world-first-dolce-residences-by-wyndham) - [Property Finder: BNW Developments new projects](https://www.propertyfinder.ae/en/new-projects/dev/bnw-developments) - [Property Finder: Esplora](https://www.propertyfinder.ae/en/new-projects/bnw-developments/esplora) --- Source page: https://www.uaepropertyagents.com/developers/bnw-developments. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.