Pelagia Marjan Island

Pelagia by BNW Developments, a Dubai-based developer with AED 15 billion in assets under management, anchors Al Marjan Island’s 2.7 million sqm masterplan, a man-made archipelago celebrated for its beaches and resorts. Valued at AED 600 million (USD 163 million), the project, launched in Q2 2025, comprises 158 residential units—112 one-bedroom apartments, 32 two-bedroom apartments, 12 three-bedroom apartments, and two four-bedroom penthouses—plus two retail units, per bnw.ae and pelagia-bnw.com. Construction began in Q3 2025, targeting completion in Q4 2027, leveraging BNW’s partnerships with global brands like Taj, per ihcltata.com. Located 5 km from Al Hamra Marina, Pelagia benefits from Ras Al Khaimah’s USD 10 billion tourism plan, aiming for 3.2 million visitors by 2030, per RAK Tourism Development Authority 2025. Freehold ownership, legal for all nationalities, has driven 2,000+ foreign-owned properties on Al Marjan Island by 2024, per RAK Economic Zone 2025. Pelagia’s bold high-rise design contrasts with boutique projects like Aquino, offering a dynamic coastal lifestyle.

Residence Specifications

The 158 residences, ranging from 81 to 534 square metres (874–5,747 sq ft), include 1-bedroom apartments (81–111 sqm), 2-bedroom apartments (130–167 sqm), 3-bedroom apartments (186–373 sqm), and 4-bedroom penthouses (477–534 sqm), all fully furnished, per pelagia-bnw.com. Interiors feature pastel tones, natural wood textures, and panoramic windows, with Bosch appliances (smart ovens, dishwashers) and granite countertops in kitchens. Bathrooms offer natural stone finishes, freestanding tubs, and premium sanitary ware. Smart home systems manage lighting, climate, and security via mobile apps, integrated with RAK’s 5G network, per RAK Telecommunications Authority 2025. All units include wave-shaped balconies (10–20 sqm) with Gulf or island views, with penthouses featuring private terraces and plunge pools. Select 2–4 bedroom units include staff quarters, per metropolitan.realestate. Al Marjan’s premium residences command a 15-30% price premium, selling 70% faster than non-branded, per CBRE 2025, boosting resale potential.

Amenities

Pelagia’s amenities elevate coastal living with resort-style facilities. A 1,000-square-metre resident hub includes a rooftop infinity pool with a poolside bar, a fitness centre with Technogym equipment, and a spa with sauna, steam room, and Jacuzzi. Social spaces span 600 square metres, featuring a lounge with sea views, a 150-square-metre outdoor cinema for 30, and indoor/outdoor kids’ play areas with a splash pad. Dining includes a rooftop lounge and on-site restaurants, curated for sophistication. Outdoor areas cover 1.5 hectares, with jogging trails, a yoga deck, landscaped gardens, and BBQ areas, aligning with 80% of RAK buyers prioritizing community amenities, per JLL 2024. Security features 24/7 AI-enhanced cameras, concierge services, and valet parking. Residents enjoy access to Al Marjan’s 7.8 km private beaches, a 5-minute walk, and discounted memberships to Al Hamra Golf Club, 14 minutes away, per almarjanisland.net.

Community Benefits

Al Marjan Island, a four-island archipelago, blends vibrant coastal living with connectivity, placing Pelagia 5 km from Al Hamra Marina and 10 km from RAK city centre. The island hosts 1.5 million visitors yearly, per RAK Tourism Development Authority 2024. Sheikh Zayed Road, 2 km away, connects to Dubai in 45 minutes. Education options include RAK Academy – British School Al Hamra, 10 km away with 3,000+ students, and American University of RAK, 15 km away. Healthcare is accessible at RAK Hospital, 10 km away with 200+ beds, per RAK Ministry of Health 2025. Al Hamra Mall, 10 minutes away, offers 120+ retail and dining venues, while Rixos Bab Al Bahr, 3 km away, draws 500,000 guests yearly, per almarjanisland.com. Pelagia’s 80% projected occupancy reflects demand, fueled by RAK’s 1.2 million tourists in 2023, up 24%, per JLL 2024.

Ownership Advantages

Pelagia offers robust financial and residency incentives. Freehold ownership, legal for all nationalities, has facilitated 2,000+ foreign-owned properties on Al Marjan Island, per RAK Economic Zone 2025. Investments of AED 2 million qualify for a 10-year Golden Visa, with 1,500+ issued in RAK by 2024, covering families and staff, per RAK Immigration Authority 2025. The UAE’s tax structure eliminates personal income tax, capital gains tax, and corporate tax, saving investors 20-30% versus markets like London, per UAE Federal Tax Authority 2025. Payment plans feature a 70/30 structure—10% down (AED 230,000), 60% over 36 months at 1.7% monthly, and 30% post-handover within two years—reducing upfront costs by 15%, per bnw.ae. Owners can resell after paying 30% of the property value, with island units yielding 15-30% higher resale values, per CBRE 2025.

Alignment with Market Trends

RAK’s residential market achieved 10% price growth in 2024, with luxury apartments projected to offer 6-8% rental yields based on market trends, outpacing Dubai’s 5% average, per JLL 2024. Pelagia is expected to see 10-15% annual capital growth through 2030, driven by Al Marjan’s 20-30% projected appreciation and the Wynn Resort’s 2027 opening, per gulfnews.com. BNW’s partnerships with Taj ensure delivery confidence, unlike 10% of RAK projects facing delays, per Deloitte 2024. Al Marjan’s proximity to Wynn Resort, 5 minutes away, attracts 65% of GCC buyers to premium residences in 2025, per Savills 2024. RAK’s tourism reached 1.2 million visitors in 2023, up 24%, with Al Marjan’s beaches adding 2% to returns, per JLL 2024. The Wynn Resort, expecting 1 million visitors, will further elevate values, per RAK Tourism Development Authority 2025.

Architectural and Sustainability Features

Designed by BNW’s in-house team, Pelagia’s 13-storey high-rise features wave-inspired facades with snow-white panels and ring-shaped balconies, using 50% locally sourced materials to reduce emissions by 8%, per bnw.ae. The 158 residences offer 3-metre ceilings, open layouts, and panoramic glazing, maximizing Gulf views. Interiors use sustainable materials like recycled wood and low-VOC tiles, per UAE Green Building Council 2025. Sustainability includes solar panels powering 10% of communal areas, saving 600,000 kWh annually, and a greywater system recycling 400,000 litres yearly for landscaping. Smart climate systems cut cooling costs by 15%, aligning with RAK’s 2030 sustainability goals, reducing the project’s footprint 10% below RAK’s average, per RAK Ministry of Environment 2025. These features create a bold, eco-conscious landmark.

Developer and Partnership Strengths

BNW Developments, founded in 2021 by Ankur Aggarwal and Vivek Anand Oberoi, manages AED 15 billion in assets, with projects like Aqua Arc and Pelagia on Al Marjan Island, per gulfnews.com. Their focus on luxury, evidenced by partnerships with Taj (ihcltata.com), ensures quality, unlike 10% of RAK developers facing regulatory hurdles, per CBRE 2024. Pelagia’s high-rise elegance contrasts with Aquino’s boutique low-rise, targeting buyers seeking bold coastal luxury. Al Marjan’s global appeal, with 95% recognition via brands like Wynn, draws 65% of GCC high-net-worth individuals to premium residences in 2025, per Savills 2024. BNW’s financial expertise mitigates risks seen in 10% of island projects, per Deloitte 2024, ensuring a trusted investment.

Investment Potential Analysis

Pelagia’s financial outlook is robust, driven by Al Marjan’s tourism surge. Rental yields are projected to reach 6-8% based on RAK’s luxury trends, with 2-bedroom units potentially generating AED 110,000–147,000 annually (starting at AED 42,000 for 1-bedroom units), supported by 80% occupancy projections, per JLL 2024. Capital growth is expected at 10-15% annually through 2030, with Al Marjan up 25% since 2022, per CBRE 2024. Island residences sell in 80 days, 70% faster than non-branded, per Knight Frank 2024, ensuring liquidity. RAK’s 5% GDP growth in 2025, outpacing London’s 2%, and 2% inflation rate reduce volatility, per JLL 2025. Demand is strong, with 65% of high-net-worth individuals targeting Al Marjan in 2025, per Savills 2024, in a market growing 10% annually to USD 5 billion by 2030, per Mordor Intelligence 2025, driven by 2% population growth, per RAK Statistics Authority 2025.