10 Reasons to Invest in Pelagia by BNW Developments
The UAE's real estate market has a global appeal due to its relevance and high-end potential. Every year, domestic and foreign investors invest their wealth in epic proportions in the nation's various residential and commercial projects. Some of the most globally reputed property developers have established their presence in the country through luxurious projects.
One such project that has been making quite the wave ever since its announcement is Pelagia. A dream child of BNW Developments, this is what you call the ultimate urban all-inclusive real estate project. From its strategic location to its bespoke amenities, it checks all the boxes for being a profitable real estate investment. In this space, we are taking a deeper look at why this deserves your attention and how investing in it can yield heavy returns for you.
About Pelagia
Pelagia is an upcoming residential and commercial project by BNW Developments located in the heart of Al Marjan Island in Ras Al Khaimah. A property that is marked by architectural excellence, every amenity in it is structured to support the varied dimensions of contemporary living. With a starting price of AED 2.3 million, there are 158 residential, including 1-4-bedroom apartment units, and two retail units up for sale.
Expected to be completed by the fourth quarter of 2027, it is already being deemed as the pinnacle of ultra-luxurious residences in the nation. The waterfront living along with ease of access to major hubs of the city offers investors the perfect canvas to personalize it as per their lifestyle. This serene paradise is setting new standards of elegance and sophistication and is being hailed as the cornerstone of extraordinary transformations.
Its breathtaking architecture and idyllic location capture the best of the views of the island as residents get the awe-inspiring views of the sun dipping into the calm and pristine water of the Arabian Gulf. When you live here, each moment is a cherished possession designed to elevate your lifestyle to the stratosphere of opulence.
Ease of navigation, flexible payment plans, and the association with a top-notch builder make this property a no-brainer investment. This heavenly realm is your answer to capturing the best offerings of the UAE’s real estate potential. Similar to its sister project Aqua Arc, its universal appeal transcends the boundaries of contemporary ordinariness to give you a unit that merges the best of visual appeal and economic profitability.
Why Investing in Pelagia is a Smart Move?
Real estate investments require long-term visions, and you need to ensure that you are getting your money’s worth as this is not a sector you would be venturing into every day. This is why, we are bringing before you all the relevant pieces of information that you need to be aware of before investing your hard-earned money into it.
Let us try and break down why investing in Pelagia is a smart investment decision, irrespective of whether you choose to reside in it or are thinking of using it as a tool for stable rental income in the future. Here are the ten major reasons why you should put this on top of your list of viable real estate investment options in the UAE.
Strategic Location
First and foremost, the location of any property, be it residential or commercial, can make or break it. In the case of Pelagia, you can rest assured that its location is a strategically viable one. Located on the Al Marjan Island in the emirate of Ras Al Khaimah, you are at the crossroads of the major economic and tourism zones of the nation. As such, the relevance of the property is going to be an evergreen one, ensuring that there is always a heavy demand for it.
Navigation is seamless as well and the wide network of transportation connects it to the major hubs of not only Ras Al Khaimah but the other pivotal parts of the country, including Dubai. Not only are you gifted with an uninterrupted view of the ocean and the diving skyline, but you are also in proximity to the business zones of the emirate, making accessibility extremely convenient.
The hospitality appeal of the island makes it a hotspot for tourism, which, in turn, breathes life into the real estate market of the emirate. As such, you can sigh relief that the demand for rental properties will always be high if you are considering renting or re-selling the property. The area also generates huge employment opportunities, thereby adding to the appeal. The geographical advantage you are going to get from the strategic location of the property is a major selling point of Pelagia.
Very High Returns
In continuation with the previous point, you can expect heavy returns on your investment from this property. The tourism and hospitality sectors of Al Marjan Island are huge and aid in the growth of the national economy. This has directly led to the expansion of the real estate sector of the island as the biggest who’s who of global hotel and resort chains are establishing their presence on the island.
As more and more employment opportunities grow on the island, there is a rise in settlement as well from around the nation and the world. This keeps rental demands heavy on the island, which is only going to increase with each passing day. Ras Al Khaimah is expected to become a major face of the real estate sector of the country and properties like these are major contributors to it.
With heavy ROI (Return on Investments), your options for earning handsome rental income open up immensely. The limited land supply and the heavy demand for residential property in the future are only going to heighten the value of the investment that you make now. Therefore, when you rent or re-sale it, you can expect major returns from it.
Modern Architecture
The modern architecture of Pelagia is one of its most undisputed charms that will leave you spellbound each time you take a walk around your property. Inspired by Vastu, the ancient Indian philosophy of architectural science, the design elements of the structure align seamlessly with the natural elements to kinder and promote tranquillity, peace, and harmony.
The sweeping balconies of the property are reminiscent of the waves of the ocean and stimulate a rhythmic façade that exemplifies movement and grace. The refined drop-off area accentuates urban sophistication furthermore, creating an inviting ambience for residents and guests alike. Catering to the need for both sophisticated workspaces as well as relaxed corners to unwind with your loved ones after a long day of work, this property is the definition of contemporary living.
The nature-inspired design of the property evokes a sense of timelessness and offers holistic living, nurturing your body, mind, and soul simultaneously. Capturing the best views, the arcs and nooks of every corner evoke spaciousness, elegance, and classic beauty, making your residential unit a canvas of gorgeous landscape.
Amenities and Facilities
To ensure that residents of Pelagia have access to unprecedented comfort and convenience, we have left no stone unturned in offering state-of-the-art amenities and facilities. Complimenting the luxurious infrastructure, the bespoke amenities of the property include everything you need to make your life easier and debonair. In every sense, it truly transcends every expectation of modern lifestyle.
Meticulously catering to the unique aspirations of every individual, the diverse needs of investors have been taken into consideration after months and months of extensive market research and innovative technologies. This has resulted in perfecting the balance between refined elegance and contemporary convenience.
To highlight some of the top-notch amenities that this opulent property offers, you have a rooftop infinity pool, gourmet BBQ area, and scenic rooftop pool bar, among others. The aquatic spaces are built to provide the young adventurers of your family access to endless fun on the gentle water through kids’ pools, splash pads, and play areas. The harmonious ecosystem developed through these world-class amenities makes your life comfortable, stylish, and glorious.
Eligibility for the UAE Golden Visa
It is a known fact that the UAE has never shied away from fostering healthy relationships with foreign nations. The Government of the UAE has introduced several initiatives to encourage the flow of foreign nationalities and talents to the UAE, the primary among them being the UAE Golden Visa. Offering long-term investments to foreign citizens, it has been one of the widely accepted tools for foreign nationalities to manifest their dreams of living in the dreamland of the UAE.
Among the many ways to be eligible for this visa is real estate investments. If you own a property or a group of properties worth more than AED 2 million, then you automatically become eligible for the Golden Visa. As Pelagia has a starting price of AED 2.3 million, it means that investing in this property will open the doors of long-term residential options for foreign citizens. Owning real estate and getting the opportunity to live in one of the safest and highly developed regions of the Middle East – this is what dreams are made of for any foreign citizen.
Not to forget, this visa also features unprecedented benefits for its holders. It doesn’t require a local sponsor and in fact, the holders of this visa can themselves sponsor their family members. From widespread employment opportunities to exemption from employment restrictions, from access to premium healthcare to getting Esaad Privilege Cards, the advantages of owning this visa are endless.
Competitive Price
When you take into consideration the location of the property, the association with a high-end developer, and the availability of bespoke amenities, you might think that the prices are going to be untouchable. However, it is ensured that a wide range of interested investors can invest in this ultra-luxurious property. With a starting price of AED 2.3 million, finding a property of this stature at this price is nothing short of a gift.
The one-bedroom apartments come in sizes of 854-1,405 sq. ft. and are available at a starting price of AED 2.3 million. The two-bedroom apartments have a starting price of AED 3.3 million and feature a size of 1,211-3,602 sq. ft. The three-bedroom apartments are in the size of 2,381-4,014 sq. ft. with a starting price of AED 6.2 million, and the four-bedroom apartments come in the size of 5,132-5,747 sq. ft. with a starting price of AED 17.4 million.
The retail units that are up for sale come in a size of 2,596-2,958 sq. ft. and have a starting price of AED 10.38 million. If you take a market survey, you will note that the per sq. ft. price of this property is extremely affordable compared to its peers in the market. So, this is a worthy investment, especially considering how high the returns are going to be in the future.
Flexible Payment Plan
Most people, especially first-time investors in the real estate markets of the UAE find it extremely daunting to invest their money in properties, fearing the lack of affordability options. Well, we have got great news for you. We make it extremely easy for interested candidates to invest in properties as we offer flexible payment plan options, widening the pool of affordability.
An opulent property of this high-end calibre being available at an affordable payment plan is unheard of but we make it possible so that you can make the dream of owning the ultimate urban residence true. Featuring a compartmentalized payment plan system, you don’t have to fear burning a hole in your pocket and churning out a major amount at once. Slowly and steadily, you can pay off during construction, on handover, and the final amount after the handover.
Here is how the breakdown of the payment plan of this property works. You can book and register it with just 10% of the total price. After that, you can pay 55% of the property price during the construction phase. On handover, you need to pay 15% of the property price with the final 20% of the payment being made after you receive the handover of the project. This heightens the affordability to multiple degrees.
Luxury Living
Pelagia is synonymous with luxury lifestyle, and it covers all the checkpoints to ensure you are experiencing the best of the best that the real estate market of Ras Al Khaimah has to offer. This is the best time to invest in Al Marjan Island and its potential is being steadily recognized worldwide. This is why the avenues for luxury living are being seen in its properties, including this one.
The thoughtfully planned spaces along with stunning exteriors exude luxury and functionality. The architectural brilliance of the property has contributed to the building of an ecosystem that merges urban opulence with natural elements. Tailoring to the needs of individual aspirations, the expansiveness of Pelagia stands out among its contemporaries.
The bespoke amenities add to its alluring charm making life stylish, comfortable, and convenient. The timeless and classic aura represented in the architecture and design elements of each residential unit takes you into a serene paradise the moment you step foot on the property. This is what you need to immerse yourself into a realm of heavenly refinement that is marked by the highest pillars of luxurious comfort.
Nearby Facilities
As we briefly discussed above, the strategic location of the property is highlighted by its proximity to major junctures of Ras Al Khaimah and nearby emirates. When you are investing in a property, you have to check out how close it is to educational, healthcare, and entertainment zones, and Pelagia hits all the right buttons in this regard.
Additionally, its closeness to business zones makes commuting to and from workspaces extremely convenient. Not to mention, the easy accessibility to pivotal transportation points makes navigation effortless. The property is only 34 minutes away from Ras Al Khaimah Airport, 56 minutes away from Dubai International Airport, and 90 minutes away from Al Maktoum International Airport.
Other points of interest include Al Marjan Island Boulevard (five minutes away), Waldorf Astoria Hotel (11 minutes away), Al Hamra Golf Club (14 minutes away), Al Hamra Village (15 minutes away), Cosmo Health Center (16 minutes away), Dreamland Aqua Park (16 minutes away), and The Ritz-Carlton, Ras Al Khaimah (25 minutes away). The highly anticipated Wynn Resorts, a major tourist destination on the island is going to be just eight minutes away from the property on its completion.
Uncompromised Wellness
Living in the hustling neighbourhoods of a highly developed nation like the UAE can seem overwhelming. The fast-paced lifestyle often takes a toll on the mental wellness of an individual. To take care of this, the developers have paid special attention to ensuring residents have unparalleled access to rejuvenate themselves.
Wellness is a key element of this property and meticulous efforts have been made to make sure that the moment residents step into the property, they are taken to a relaxed environment, which is in stark contrast to the hustles and noise of the outside world. The architecture has been developed to imbibe tranquillity and serenity. The uninterrupted ocean views calm down the senses. The amenities available help you relax and unwind.
From upscale gymnasiums to soothing Zen centres, from rejuvenating steam and saunas to peaceful Yoga decks, from exotic private plunge pools to intimate Jacuzzis, you name it, and they have covered it all. So, when you make this your home, you are not only getting luxury of grand proportions but also are getting access to uncompromised wellness.
To Conclude
Pelagia is a property extraordinaire, that brings forth the best of what the real estate markets of the UAE have to offer. From a strategic location to flexible payment plans, from world-class amenities to easy navigation to major hubs of the emirate, from luxurious architecture to a competitive price, this is a long-term investment that you don’t want to miss out on.
And with us, you can rest assured there will be no compromise to the build and quality. Ras Al Khaimah is the new face of the real estate market of the UAE and investing in its properties now is going to bring immense profit in the future, and Pelagia is your avenue to that profit.