Pelagia

By BNW Developments in Al Marjan Island, Ras Al Khaimah

Price from: AED 2,300,000; about £471K or $626K
Payment plan: 10/40/50; 50% before handover
Handover: Q4 2027
Status: Under construction

Architectural rendering of the Pelagia tower at dusk with the sea behind

Architectural rendering of Pelagia's curved facade from street level

Architectural rendering of the rooftop infinity pool at Pelagia

Architectural rendering of Pelagia's curved balconies at sunset

Interior rendering of a living and dining room at Pelagia

Interior rendering of an open-plan kitchen at Pelagia

Interior rendering of a bedroom at Pelagia

Rendering of a children's playroom at Pelagia

Payment plan

10/40/50

50% due before handover

Booking depositOn booking10%AED 230,000
During constructionInstalments to completion40%AED 920,000
On completionQ4 202750%AED 1,150,000
Paid before handoverAED 1,150,000

As published by BNW Developments. Property Finder's FAQ also describes a 10/50/10/30 plan with 30% after handover; confirm which plan is on offer.

Amounts are worked on a 1-bedroom apartment at its starting price of AED 2,300,000. Change home type

Model your own price How payment plans work

For 1-bedroom apartments

Homes and prices

Pelagia offers 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments and 4-bedroom apartments. Open a home type for its payment schedule, buying costs and the nearest alternatives.

1-bedroom apartmentsFrom AED 2.3M854 to 1,405 sq ft, AED 2,693 per sq ft, 112 of the 158 homes are one-bedroom apartments.2-bedroom apartmentsFrom AED 3.3M1,211 to 3,602 sq ft, AED 2,725 per sq ft, 32 units.3-bedroom apartmentsFrom AED 6.2M2,381 to 4,014 sq ft, AED 2,604 per sq ft, 12 units.4-bedroom apartmentsFrom AED 17.4M5,132 to 5,747 sq ft, AED 3,390 per sq ft, Two units only. Property Finder lists them as penthouses from AED 17 million.

Starting prices are the published figures from the sources listed on this page, checked 13 November 2026. Sterling figures are indicative conversions. Ask for today's availability before relying on any figure.

Apartments
1 to 4 bed
854 to 5,747 sq ft
158 homes
Freehold

Developer: BNW Developments
Location: Al Marjan Island, Ras Al Khaimah
Buildings: 1
Golden Visa: Prices reach the AED 2 million threshold

Overview

A single building of 158 apartments on Al Marjan Island by BNW Developments, due Q4 2027. Mostly one-bedroom homes from AED 2.3 million, with half the price payable on completion.

Pelagia is a single residential building on Al Marjan Island by BNW Developments. The developer publishes an exact mix: 158 apartments, of which 112 are one-bedroom, 32 two-bedroom, 12 three-bedroom and two four-bedroom, plus two shops on the ground floor. Property Finder records a construction start in February 2025 and expected completion at the end of December 2027, which matches BNW's Q4 2027 handover target.

The apartments are generous for the island. One-bedroom units run from 854 to 1,405 sq ft and start at AED 2.3 million, two-bedroom units from 1,211 sq ft and AED 3.3 million, and three-bedroom units from 2,381 sq ft and AED 6.2 million. The two four-bedroom homes, which Property Finder calls penthouses, start at AED 17.4 million on BNW's figures. Shared facilities include a rooftop infinity pool and bar, a second pool at ground level, a gym, sauna and steam rooms, and indoor and outdoor play areas.

The plan BNW publishes is 10% on booking, 40% during construction and 50% on completion. Keeping half the price back until the keys are ready limits what a buyer has at stake during the build, but it also means arranging the larger part of the money, or a mortgage, for late 2027.

On location, BNW gives five minutes to Al Marjan Island Boulevard and eight minutes to the Wynn resort, which Wynn Resorts now expects to open in September 2027, a few months before Pelagia's own target. The building has no connection with the resort. Ras Al Khaimah International Airport and Dubai International Airport are both within an hour by road.

Who it suits: a buyer who wants a larger one- or two-bedroom on the island for holiday letting or a second home, and who is comfortable paying a premium per square foot for that space. What to weigh: BNW is a young developer with several projects under way on the island at once, and one-bedroom units, the bulk of this building, are also the most heavily supplied type across Al Marjan Island. Ask for the project's registration and escrow account details, and a current site progress report, before paying a deposit.

Buying costs

Government fees are paid on top of the purchase price. This is the position for the entry-level home; costs scale with price. In Ras Al Khaimah the registration authority is the RAK Municipality.

Purchase priceEntry 1-bedroom apartment at PelagiaAED 2,300,000

Registration fee (2%, indicative)Ras Al Khaimah's buyer registration fee is most often quoted at 2%, but published sources disagree and master developers can apply their own registration charges. Confirm the figure for the specific project before budgeting.AED 46,000

Estimated total to completeAED 2,346,000about £481K

Developers may add their own administration charge on off-plan sales. It is set by the developer, not the land department, so it is not included in this estimate: ask for it in writing before you reserve. Registration fees in Ras Al Khaimah are quoted inconsistently by official and market sources, so treat this as indicative. Adjust the assumptions in the buying cost calculator.

Golden Visa. Every unit type here is priced above AED 2 million, the threshold for the 10-year visa by property. Check eligibility

Location

On Al Marjan Island, Ras Al Khaimah. BNW gives five minutes by car to Al Marjan Island Boulevard and eight minutes to the Wynn resort site.

Map data © OpenStreetMap contributors (ODbL). Tiles Esri

View on map

Al Marjan Island Boulevard: 5 min
Wynn Al Marjan Island: 8 min
Waldorf Astoria Ras Al Khaimah: 11 min
Al Hamra Golf Club: 14 min
Al Hamra Village: 15 min
Dreamland Aqua Park: 16 min
The Ritz-Carlton Ras Al Khaimah: 25 min
Dubai International Airport: 56 min

Approximate drive times in normal traffic.

About Al Marjan Island

Freehold for all nationalities; listed as a freehold area by Ras Al Khaimah Municipality.
7.8 km of beaches and operating resorts by Rixos, Hilton, Radisson and Mövenpick.
Wynn Al Marjan Island, about 1,530 rooms, scheduled by its operator to open in September 2027.
CBRE reported apartment values up 23.1% year on year in H1 2026.

Al Marjan Island area guide

Amenities

Rooftop infinity pool
Rooftop pool bar
Ground-floor pool
Children's pool and splash pad
Jacuzzi
Gym
Steam room and sauna
Yoga deck
Indoor and outdoor children's play areas
Barbecue area

Developer: BNW Developments

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.

Headquarters: Ubora Tower, Business Bay, Dubai
Ownership: Privately held; founded by Ankur Aggarwal with Vivek Anand Oberoi as co-founder and managing director

BNW Developments profile and track record

Adviser's view

What works

A published unit count and mix: 158 homes in one building, small by the island's standards.
Completion is targeted for Q4 2027, close to the Wynn resort's expected September 2027 opening.
The developer's 10/40/50 plan keeps half the price back until completion.
Larger floor areas than most one- and two-bedroom apartments on the island.

What to weigh

BNW Developments has several Al Marjan Island projects under construction at the same time and a short delivery record.
One-bedroom prices from AED 2.3 million for 854 sq ft work out at roughly AED 2,700 per sq ft, a premium price for the emirate.
Seven in ten homes are one-bedroom units, the type most heavily supplied across the island.
50% is due on completion; arrange finance early, as lenders can be cautious with new developers and non-resident buyers.
Two payment structures appear in listings; make sure the sale agreement matches the one you were quoted.

Questions buyers ask

What is the starting price at Pelagia?

BNW Developments quotes one-bedroom apartments from AED 2.3 million, two-bedroom from AED 3.3 million, three-bedroom from AED 6.2 million and four-bedroom from AED 17.4 million. Prices were checked on 12 November 2026.

When will Pelagia be handed over?

The developer's target is the fourth quarter of 2027. Property Finder lists expected completion on 30 December 2027.

What is the payment plan at Pelagia?

10% on booking, 40% during construction and 50% on completion, according to BNW Developments. A variant with 30% after handover also appears in Property Finder's FAQ, so confirm the plan in writing.

How many apartments are in Pelagia?

158: 112 one-bedroom, 32 two-bedroom, 12 three-bedroom and two four-bedroom apartments, plus two retail units.

When is Pelagia due for handover?

BNW Developments' current target for Pelagia is Q4 2027. Handover dates on off-plan projects are estimates and can move; the sale and purchase agreement sets out the contractual completion date and what happens if it is missed.

Who is the developer of Pelagia?

Pelagia is being developed by BNW Developments. About BNW Developments: 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.

Can foreigners buy at Pelagia?

Yes. Al Marjan Island is a designated area where buyers of any nationality can own freehold property, whether or not they live in the UAE. The purchase is registered with the RAK Municipality.

Does buying at Pelagia qualify for a Golden Visa?

Homes priced at AED 2 million or more can support an application for the UAE's 10-year Golden Visa. At Pelagia, every unit type starts above that level. Approval is at the authorities' discretion and off-plan purchases have their own conditions: see our Golden Visa guide.

What fees are payable on top of the price at Pelagia?

The main cost is the registration fee (2%, indicative). On the entry price of AED 2,300,000 that comes to about AED 46,000, plus small administration charges. There is no stamp duty, no annual property tax and no tax on rental income for individuals in the UAE, though your home country may tax you. Our buying cost calculator itemises it.

Sources and verification

Facts on this page were last checked on 13 November 2026. Prices, availability and payment plans are set by the developer and can change without notice; treat them as a guide until you have a current offer in writing.

Start your enquiry

Starting prices are the published figures from this page's sources, checked 13 November 2026.

Choose a home type

1-bedroom apartments

10/40/50 plan

Due on booking: AED 230,000
Paid before handover: AED 1,150,000 (50%)
Registration fees, estimate: AED 46,000
Total to complete: AED 2,346,000

The registration fee is the rate most often quoted for this emirate; confirm it for the project. Developers usually collect them at or soon after booking and can add their own administration charge. Every stage