Pelagia
Off-Plan

Pelagia

From AED 2.62M·Handover Dec 2027·20% down payment Payment
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AED 2.62M
Starting Price
Dec 2027
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

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.

Project Specifications
DeveloperBNW Developments
LocationAl Marjan Island
Unit Types1 BR, 2 BR, 3 BR, 4 BR, Apartments, Penthouse
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

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.

Projected Cap Rate
4.3%
NOI AED 112,955 / year
Cash-on-Cash
2.2%
Levered cashflow AED 26,570
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 170,153 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Pelagia launch basis2,909AED 2.62MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Pelagia official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from BNW Developments.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Pelagia — 1 Bedroom Floor Plan

Amenities & Lifestyle

Adults Pool
BBQ
Beach Access
Cabanas
Children’s pool
Concierge Service
Covered Kids Play Area
Covered Parking
Covered gym
Dining outlets (coffee houses & restaurants)
Fitness Zone
Fountain
Indoor Multipurpose Space
Infinity pool
Kids Play Area
Kids splash pad
Landscaped garden
Laundry
Lavish Sundeck
Leisure areas
Lift
Lobby
Lounge
Maintenance warranty
Meeting Room
Open Kids Play Area
Outdoor Yoga
Owners Lounge
Park Access
Picnic Area
Pool Deck
Pool Lounge
Private Jacuzzi
Private Lounge
Private pool
Recreational areas
Resting Areas
Retail outlets
SPA
Sauna
Shared Jacuzzi
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sports ground
Steam
Storage Areas
Sunset Bar
Walking paths
Waterfall
Yoga Area
Yoga studio
Zen Garden

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

Pelagia by BNW Developments

02

Located in Al Marjan Island

03

Starting from AED 2,617,735

04

Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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