UAE-based BNW Developments, a company promoted by Ankur Aggarwal and Vivek Anand Oberoi, plans to launch projects worth Rs 20,000 crore next year. The company has already launched projects worth Rs 10,000 crore and has 30 projects in its portfolio. It plans to add 10–15 more projects by next year. “We are acquiring ready-to-move-in buildings in Dubai and selling them again after refurbishing. There is a demand-supply gap, and we feel these projects are important for the region,” said Ankur Aggarwal, chairman and founder of BNW Developments. The company has recently entered into a collaboration with FashionTV to launch a branded residential development on Al Marjan Island in Ras Al Khaimah—an area currently undergoing rapid development and positioning itself as a hub for tourism, investment, and luxury real estate within the UAE. Eight million visitors are expected to visit Ras Al Khaimah every year by 2027, and the company is focused on branded residences to bridge the gap in demand and supply there. “Al Marjan Island and Ras Al Khaimah as a whole, are no longer peripheral players. With strategic infrastructure investments, global hospitality interest, and visionary governance, this region is fast becoming a nucleus for new-world urbanism. With global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand with projected rental yields reaching upwards of 8–14, making it a lucrative choice for discerning investors.
 

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