Dubai-based real estate developer BNW Developments has unveiled ambitious expansion plans totaling Dh20 billion (approximately $5.45 billion) for 2026, with strategic focus on Ras Al Khaimah’s rapidly growing property market. The announcement came during the launch ceremony of the Tonino Lamborghini Residences on Al Marjan Island, highlighting the company’s commitment to ultra-luxury developments.
Chairman and Founder Ankur Aggarwal revealed that the development portfolio includes twelve major projects across Ras Al Khaimah, comprising eight developments in RAK Central and four waterfront properties on Al Marjan Island. These projects will collectively encompass over 10 million square feet of built-up area, featuring a mix of luxury residences, five-star hotel brands, and exclusive branded developments.
International investor interest has reached unprecedented levels, particularly from American, European, and Australian markets. Aggarwal noted that while Indian investors prioritize returns and accessible entry points, Western markets demonstrate stronger appetite for premium luxury offerings. The company’s current portfolio exceeds Dh32 billion in gross development value across the UAE.
Al Marjan Island emerges as a focal point in this expansion, with Aggarwal describing its transformation as ‘unmatchable’ within the UAE real estate landscape. The island’s growing prestige is bolstered by incoming Michelin-starred restaurants and world-class infrastructure developments.
The Tonino Lamborghini Residences project itself will feature 377 units including studios, one-to-three bedroom apartments, villas, penthouses, and mansions. This partnership represents BNW’s strategy to collaborate with global design icons, combining Italian luxury aesthetics with Middle Eastern architectural vision.
Dr. Vivek Anand Oberoi, Managing Director and Co-Founder, emphasized the emotional and aesthetic dimensions of their developments, stating that each project transforms space into experiential living. Tonino Lamborghini himself endorsed this philosophy, describing the project as creating environments where contemporary comfort meets international charm, with every detail bearing his distinctive stylistic signature.