UAE-based BNW Developments, co-founded by Ankur Aggarwal and Vivek Anand Oberoi, aims to launch projects valued at ₹20,000 crore next year.
The firm has already initiated projects totaling ₹10,000 crore and manages a portfolio of 30 projects.
It seeks to introduce 10 to 15 additional projects by the next year.
“We are acquiring ready-to-move-in properties in Dubai and refurbishing them for resale. There is a noticeable demand-supply gap in the region, making these projects vital,” stated Ankur Aggarwal, Chairman and Founder of BNW Developments.
Recently, the company partnered with FashionTV to develop a branded residential project on Al Marjan Island in Ras Al Khaimah—an area experiencing rapid development aimed at becoming a center of tourism, investment, and luxury real estate in the UAE.
It is anticipated that Ras Al Khaimah will attract eight million visitors annually by 2027, and BNW is focusing on branded residences to meet the demand in the region.
“Al Marjan Island, along with Ras Al Khaimah, is emerging as a prominent player. With strategic infrastructure developments, growing global hospitality interest, and visionary governance, this area is quickly becoming a hub for modern urban living,” Aggarwal added.
Previously, Indian Hotels Company (IHCL), in collaboration with BNW Developments, introduced Taj Wellington Mews on Al Marjan Island, offering 342 ultra-luxury units which include 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, eight three-bedroom apartments, and six retail spaces.
With renowned names such as Wynn Resorts entering Al Marjan Island, the area has witnessed a surge in demand, with projected rental yields anticipated to reach between 8% to 14%, making it an attractive option for discerning investors.
