
Pelagia — elite residential project by BNW Developments is situated on Al Marjan Island, RAK. The facade of the building has a modern look with sleek flowing lines and multi-level heights. The complex consists of a basement with stores and amenities, 13 residential floors and an upper roof level with various amenities. There are 1-3 bedroom residences and perfect 4 BR penthouses with thoughtfully designed spacious layouts with stunning views from panoramic windows and wide balcones. All apartments have carefully designed spacious layouts and are fully furnished. Pelagia is a work of art of contemporary living on the prestigious shores of Al Marjan Island. Every element of this exceptional residential development, from family-friendly recreational areas to modern amenities, has been carefully designed to transcend the ordinary, creating a place where luxury and functionality merge perfectly. Residents can enjoy by using rooftop infinity-pool,yoga deck, kids pool, pool bar, indoor and outdoor kids play areas, BBQ area and many others amenities. The complex have perfect connectivity and excellent location. It is only 5 minutes drive by car to Al Marjan Island Boulevard, 16 Minutes — to Royal Yacht Club, Dreamland Aqua Park and Cosmo Health Center, 34 Minutes — to RAK Airport, 56 Minutes to DXB, 90 minutes — to Al Maktoum International Airport. This project perfectly combines property values and an impeccable quality of life.
Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Pelagia launch basis | 2,909 | AED 2.62M | Current launch / asking basis |
| Al Marjan Island ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Al Marjan Island premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























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Astraterra Properties
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Al Marjan Island
Pelagia by BNW Developments
Located in Al Marjan Island
Starting from AED 2,617,735
Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR
Expected handover: Dec 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
High-ticket buyer routing · Branded / luxury filtering · Serious capital only
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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