Skip to main content
Tonino Lamborghini Residences by BNW Developments on Al Marjan Island, shown in an official exterior project render.
DubaiDeveloper Spotlights

BNW Developments UAE: Off-Plan Projects and Track Record

written by The Projectory TeamPublished 13 min read

BNW Developments review: compare Al Marjan and Dubai projects, prices, payment plans, branded residences, handovers and the checks buyers should make.

See all BNW Developments off-plan projects.

What’s in this guide:

BNW Developments is a UAE off-plan developer founded in 2024, best known for waterfront and branded homes on Al Marjan Island. It also has projects in RAK Central and Dubai, with homes ranging from studios to villas and most major handovers scheduled between 2027 and 2029.

BNW is likely to suit buyers who want resort property, branded services or a construction-stage payment plan. Its range on Al Marjan Island lets you compare several styles and price points within one developer’s portfolio. For a wider comparison, see our guide to the UAE’s leading off-plan developers.

BNW Developments at a glance

  • Development business launched: 2024
  • Leadership: Ankur Aggarwal, Chairman and Founder; Dr. Vivek Anand Oberoi, Managing Director and Co-Founder
  • Reported portfolio value: More than AED 32bn
  • Main locations: Al Marjan Island, RAK Central and three Dubai communities
  • Property types: Apartments, hotel residences, penthouses, townhouses and villas
  • Main delivery period: 2027 to 2029

Prices and availability checked 24 July 2026: Starting prices apply to released units and may change as stock sells. Before reserving, ask for the live unit list, floor plan, total price, dated payment schedule, project registration and escrow account details.

Who is BNW Developments?

BNW is led by Ankur Aggarwal and Dr. Vivek Anand Oberoi. Aggarwal worked as a chartered accountant before moving into UAE real estate, establishing BNW Buying and Selling LLC in 2023 and launching BNW Developments the following year. Oberoi joined as Managing Director and Co-Founder, bringing a wider background in business and investment.

The company has grown around two clear ideas: waterfront development in Ras Al Khaimah and partnerships with recognised hotel, fashion and lifestyle brands. BNW reports more than AED 32 billion in gross development value and 11 launched residential developments.

Most of the portfolio sits in Ras Al Khaimah. BNW has eight projects on Al Marjan Island and a large hotel-and-residences development in RAK Central. Its Dubai collection currently covers Al Furjan, Al Jaddaf and Jumeirah Village Circle.

BNW construction and handover schedule

BNW has expanded quickly since launching its development arm in 2024. The first large group of Al Marjan Island handovers is scheduled for 2027. Taj Wellington Mews and FashionTV Acacia are due in 2028, Tonino Lamborghini Residences is also scheduled for 2028, and Radisson Blu Hotel & Residences follows in 2029.

Construction is under way across several sites. BNW appointed MAN Construction, part of Masah Group, as principal construction partner for Aqua Arc under an agreement announced at AED 1 billion. It has also announced a proposed AED 1 billion construction partnership with China Railway No. 4 Engineering Group. Tonino Lamborghini Residences and La Perla broke ground in May 2026.

Ramada Residences by Wyndham carries a Q1 2026 handover date, while Esplora’s stated completion date was Q4 2025. Buyers considering either development can request the latest completion, occupancy and handover documents for the exact unit and arrange a viewing where access is available.

BNW Developments projects on Al Marjan Island

Al Marjan Island has become one of the UAE’s busiest resort property markets. The man-made island covers 2.7 square kilometres and offers 23 kilometres of waterfront, including 7.8 kilometres of beaches. Its masterplan allows for more than 18,650 homes, alongside an expanding collection of hotels, restaurants and leisure venues.

Wynn Al Marjan Island, due to open in 2027, has brought far greater international attention to the area. New residents will also have established resorts at their doorstep, while Al Hamra Village, Al Hamra Mall and everyday services sit a short drive away.

Taj Wellington Mews by BNW Developments on Al Marjan Island, with curved waterfront buildings arranged around landscaped pools.

BNW gives buyers several ways into this market. Aquino and Aqua Maya offer familiar apartment layouts, Taj Wellington Mews adds hotel-style service, FashionTV Acacia has a more design-led identity, and Tonino Lamborghini extends into large penthouses and villas.

If you are buying for investment, compare homes with the same bedroom count, view and handover year. Several new buildings will complete within a similar period, and a genuinely good sea view, usable layout and sensible total price should help a unit compete for tenants and future buyers.

Our Wynn Al Marjan Island update covers the resort and its planned opening.

Current BNW projects in Ras Al Khaimah

BNW’s Ras Al Khaimah portfolio covers entry-level studios, family apartments, hotel residences and high-value penthouses and villas.

Project Location and homes Guide price Target handover
Radisson Blu Hotel & Residences RAK Central; studios to 3-bed apartments From AED 1.21m Q4 2029
Tonino Lamborghini Residences Al Marjan; studios, 1-3 bed apartments, penthouses and villas From AED 1.69m Q4 2028
FashionTV Acacia Al Marjan; 1-3 bed apartments and 4-bed penthouses From AED 1.96m Q2 2028
Taj Wellington Mews Al Marjan; studios to 3-bed hotel apartments From AED 1.6m Q1 2028
Aqua Maya Al Marjan; 1-4 bed apartments From AED 1.78m Q4 2027
Pelagia Al Marjan; 1-4 bed apartments and penthouses From AED 2.33m Q4 2027
La Perla Al Marjan; 1-3 bed apartments, duplexes and penthouses From AED 2.16m Q4 2027
Aquino Al Marjan; 1-3 bed apartments From AED 1.63m Q2 2027
Aqua Arc Al Marjan; apartments, townhouses and penthouses From AED 2.23m Q3 2027

Use these prices to build an initial shortlist, then compare actual units. Internal area, balcony size, floor, view, furniture, service charge and payment dates can make two similarly priced apartments feel very different. Price per square foot is helpful, though the better home may justify a premium when its layout and outlook are clearly stronger.

Current BNW projects in Dubai

BNW’s Dubai collection is smaller and serves three different types of buyer. Orvessa is a forward-dated residential launch in Al Furjan. Ramada Residences places buyers closer to central Dubai, while Esplora occupies a more affordable position in JVC.

Project Location and homes Guide price Current timing
Orvessa Residences Al Furjan; 1-3 bed apartments From AED 1.3m Q3 2028 target
Ramada Residences by Wyndham Al Jaddaf; 1-2 bed apartments From AED 1.85m Q1 2026 stated handover
Esplora JVC; studios to 2-bed apartments From AED 694,000 Q4 2025 stated handover

Orvessa contains 92 apartments and one retail unit, with one-, two- and three-bedroom layouts. Al Furjan gives residents access to Sheikh Zayed Road, the metro, Ibn Battuta Mall and employment centres around Jebel Ali. This is likely to suit buyers who want a conventional Dubai apartment and a residential neighbourhood rather than a resort setting.

Ramada Residences has 108 apartments in Al Jaddaf, within reach of Downtown Dubai, Dubai Creek and Dubai Healthcare City. Esplora’s studios and one-bedroom apartments place it closer to the budget end of BNW’s portfolio and may appeal to investors looking at JVC’s broad tenant base. Our JVC off-plan guide explains the community and the amount of competing stock in more detail.

What do BNW’s branded residences offer?

A recognised brand can influence the design, services and way a property is marketed. Buyers should still judge the home on its own merits, including the floor plan, annual costs and the operator’s actual role.

Taj Wellington Mews

Taj Wellington Mews is a 336-apartment hotel residence created with Indian Hotels Company Limited, the group behind Taj Hotels. It will bring the Taj name to Ras Al Khaimah for the first time. Plans include dining, event space, a gym, an outdoor pool and a spa, with homes ranging from studios to three bedrooms.

This project is likely to appeal to buyers who enjoy a serviced environment or want a holiday home with hospitality on site. Ask which services are included in the annual charge, what owners pay for separately and how the apartment can be rented when you are away.

Tonino Lamborghini Residences

Tonino Lamborghini Residences has the widest choice of homes in BNW’s Al Marjan Island portfolio. Its 378 residences range from studios and apartments to penthouses, villas and mansions. Cascading terraces, planted outdoor areas and sea-facing living spaces give it a more dramatic resort character.

The project may suit buyers who want a statement property and a wider range of large homes. Its 10/60/30 payment plan means 70% is paid before completion, so buyers need a comfortable construction-period budget.

FashionTV Acacia

FashionTV Acacia contains 228 apartments and one retail unit. One-, two- and three-bedroom apartments make up most of the collection, with four-bedroom penthouses at the top. The FashionTV association gives the building a fashion-led style that may appeal to buyers who prefer a lively, contemporary atmosphere.

Radisson Blu Hotel & Residences

Radisson Blu Hotel & Residences combines 222 apartments with a 361-key hotel at RAK Central. Residents are expected to have retail, dining, cinema, event, pool and wellness facilities close by, with both parts of the development due in 2029.

Radisson Blu Hotel and Residences by BNW Developments at RAK Central, shown in an official exterior project render.

RAK Central offers a mixed-use setting close to Al Marjan Island and Al Hamra Village. It may suit buyers who like hotel services and want access to the coast without living inside the island’s resort cluster. Before buying, ask who will manage the residences, which facilities residents can use and whether owners can rent independently or through an operator.

How do BNW payment plans compare?

Payment plans vary across BNW’s portfolio. A 10% booking payment is common, while the amount due during construction ranges from 40% to 60%.

Payment structure Project examples How the balance falls
10% / 40% / 50% Aqua Arc, Aqua Maya, Pelagia, FashionTV Acacia, Radisson Blu Half due at completion
10% / 50% / 40% Taj Wellington Mews 50% paid during construction
10% / 60% / 30% Tonino Lamborghini, Orvessa Smaller completion balance
20% / 40% / 20% / 20% Aquino Final 20% paid after completion

On a AED 2 million home with a 10/40/50 plan, you would pay AED 200,000 at booking, AED 800,000 during construction and AED 1 million at completion. Registration, mortgage, furnishing, service charges and other ownership costs sit outside those instalments.

Aquino spreads its final 20% beyond completion, which may help buyers who want to reduce the amount due at handover. Ask for the dated schedule so you can see how long the last stage runs and whether any conditions apply.

The headline percentages only tell part of the story. Map every instalment against your expected income, savings or property sale, and leave room for fees and delays. The best plan is the one you can fund comfortably through to handover.

Which BNW project suits which buyer?

Buyer priority Projects to compare Why consider them
Lower-priced Dubai apartment Esplora, Orvessa Smaller homes in established communities
Waterfront apartment Aquino, Aqua Maya, Pelagia Resort setting and 2027 handovers
Branded or hotel services Taj Wellington Mews, Radisson Blu Hospitality-led facilities
Larger luxury home Tonino Lamborghini, Aqua Arc Penthouses, townhouses and villas

Rental investors should compare realistic rents from completed properties nearby, along with the annual service charge and letting rules. Owner-occupiers can narrow the choice by looking at commute, beach access, room sizes and the facilities they expect to use regularly.

What to check before buying from BNW

  1. Confirm the project and escrow account. Match the registration details and payment account with the relevant land authority before transferring money.
  2. Review current construction progress. Ask for dated photographs, the contractor’s name and the latest expected completion date.
  3. Understand the brand’s role. Find out which services, design standards and management duties are included, and which costs fall to the owner.
  4. Turn the payment plan into dates and dirhams. Include registration, mortgage, furnishing and handover costs in your budget.
  5. Ask about service charges and letting. Hotel apartments and branded residences may have different costs and rental arrangements from a conventional apartment.
  6. Compare similar homes. Look at units with the same bedroom count, view and handover year, particularly on Al Marjan Island.
  7. Read the resale terms. Check how much you must pay before an assignment sale, along with the developer’s consent process and fees.

For the wider purchase process, see the complete UAE off-plan property guide and our off-plan mortgage guide.

Frequently asked questions

Who owns BNW Developments?

BNW Developments is led by Chairman and Founder Ankur Aggarwal and Managing Director and Co-Founder Dr. Vivek Anand Oberoi. Aggarwal launched the development business in 2024 after establishing BNW’s consultancy and land-acquisition operations.

Is BNW a good developer for investors?

BNW may suit investors who want exposure to Al Marjan Island, branded residences or a payment plan running to 2027-2029. The best project depends on your budget, preferred tenant, view and annual costs. Compare the exact unit with completed and off-plan alternatives nearby before reserving.

Has BNW completed any projects?

Ramada Residences carries a Q1 2026 handover date, while Esplora’s stated completion date was Q4 2025. Most of BNW’s larger Al Marjan Island developments are scheduled for 2027 and 2028.

What is BNW’s lowest-priced property?

Esplora in JVC has been marketed from AED 694,000, although current availability and building status need to be confirmed. Among later handover projects, Radisson Blu Hotel & Residences starts from around AED 1.21 million and Orvessa from around AED 1.3 million.

Which BNW project is due to complete first?

Among the current Ras Al Khaimah projects, Aquino is scheduled for Q2 2027, followed by Aqua Arc in Q3 2027 and Aqua Maya, Pelagia and La Perla in Q4 2027. Check the latest construction update and the date written into the sale agreement for your chosen unit.

Can foreign buyers own BNW properties?

BNW markets freehold homes in designated ownership areas including Al Marjan Island, RAK Central, Al Furjan, Al Jaddaf and JVC. Confirm the title type and ownership rights for the exact project and unit before reserving.

Is BNW Developments a good developer?

BNW is worth considering if you want a waterfront or branded residence in Ras Al Khaimah and can hold the property through a 2027-2029 delivery period. Its Al Marjan Island selection is broad enough to compare several styles, sizes and payment plans within one developer’s portfolio. Orvessa, Ramada Residences and Esplora give Dubai buyers three very different alternatives.

Start with the location and type of home that fit your plans, then compare the view, layout, services, annual costs and payment schedule of the available units. BNW’s portfolio offers enough variety to build a focused shortlist across both Ras Al Khaimah and Dubai.

Browse current BNW projects or compare BNW with other names in our guide to the UAE’s leading off-plan developers.

Official information and further reading

About the Projectory Team

Projectory’s editorial content is created and reviewed by its founders, who bring more than 30 years of combined experience brokering, buying, developing and selling property in the UAE.

In this guide series