Pelagia by BNW Developments: What the AED 2.3M to AED 17.5M Range Means
AED 2.3 million to AED 17.5 million. That is a wide spread, and it matters. The range reflects two distinct product types in the same building: apartments at the lower end and penthouses at the top. BNW Developments has priced them accordingly. The gap between a standard island apartment and a waterfront penthouse is real and deliberate.
Al Marjan Island, Ras Al Khaimah
Al Marjan Island extends into the sea off the Ras Al Khaimah coast, roughly an hour north of Dubai. It is a purpose-built island development along the waterfront, and the E311 connects it south toward the city. The island setting means most units have water-adjacent views or orientations, which drives both the premium positioning and the lifestyle pitch.
Ras Al Khaimah is quieter and less dense than Dubai. Buyers choosing Al Marjan Island are making a deliberate trade-off: a sea-facing island address over proximity to urban business districts. For lifestyle buyers and those who work remotely, that trade sits comfortably. For investors, an island waterfront address carries positioning that mainland developments in the same price range do not match.
Apartments or Penthouses: Two Buyer Profiles
Pelagia covers two property types. Apartments start at AED 2.3 million and represent the bulk of the project. Penthouses top out at AED 17.5 million.
These are not variations on the same product. An apartment buyer here is likely targeting a home or a rental unit at the accessible end of a waterfront island market. A penthouse buyer is in a different bracket: the AED 17.5 million ceiling reflects scale, top-floor position, and views that define a distinct asset class within the building. The two types share a development but appeal to materially different buyers.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| Handover | 50% |
10% down is a low entry point for off-plan in the UAE. After the initial payment, 40% is spread across the construction period and the remaining 50% falls at handover in December 2027.
That final tranche is the largest single obligation in the schedule. The structure front-loads accessibility and concentrates the biggest payment at completion. For buyers using mortgage financing, the drawdown and the handover payment arrive at the same point in late 2027.
Nine Amenities Across Three Themes
| Wellness | Fitness | Family |
|---|---|---|
| Shared Spa | Gymnasium | Children's Pool |
| Jacuzzi & Steam | Indoor Swimming Pool | Children's Play Area |
| Yoga Room |
Outdoor: Landscaped Gardens, Barbecue Area
The indoor swimming pool is an uncommon feature in this market. Outdoor pools are the default; an indoor option stays usable through the UAE summer when outdoor facilities are impractical for most residents. The yoga room, shared spa, and steam room form a wellness cluster that goes beyond a standard gym.
The barbecue area and landscaped gardens extend living space outdoors. On an island, outdoor communal areas carry more practical weight than they would in a central urban development.
The family amenities alongside the adult wellness stack signal the intended resident mix. This is a building for different age groups, not a single-lifestyle product. The amenity profile fits families and lifestyle purchasers who plan to live in the building, not a project optimised for absentee investors.
Eighteen Months to Handover
Construction started in February 2025. Handover is scheduled for December 2027, roughly 35 months from groundbreaking. From mid-2026, that is approximately 18 months to completion.
Off-plan buyers entering now are joining a project that is well into its build cycle. The 40% construction tranche is partially outstanding and the 50% handover payment follows at completion. The project is past the earliest and most uncertain stage of the development timeline.