Fashion TV Acacia

What is Fashion TV Acacia and who builds it?

Fashion TV Acacia is an off-plan development by BNW Developments on Al Marjan Island in Ras Al Khaimah. The project comprises one-, two-, three- and four-bedroom apartments and penthouses. The developer targets handover in Q4 2028, per the developer price list, checked 2026-10-29. Amenities include an infinity swimming pool, viewing deck and water features, a kids’ pool and play area, barbeque zones and fire pit corners, a state-of-the-art gymnasium, lush landscaped gardens, a café and signature restaurant, and family seating lounges. Al Marjan Island is a freehold zone, meaning non-UAE nationals can own outright here under RAK freehold decrees. The island sits along the emirate’s northern coast and is positioned close to the upcoming Wynn Al Marjan Island resort, which opens September 2027, stated by Wynn Resorts in its 4 August 2026 Q2 results.

What does the registered data say about Al Marjan Island?

RAK Municipality reported AED 2.89 billion in registered transactions for H1 2026. This comprised sales of AED 1.353 billion across 1,274 deals, mortgages of AED 1.16 billion across 463 deals, and waivers of AED 380 million across 348 deals, per RAK Municipality Lands and Properties Sector, H1 2026. Because RAK has no open transaction registry, these aggregated half-year totals are the latest official benchmark for market scale.

Cavendish Maxwell H1 2026 data show apartment prices rose 6.5% year on year, while villa prices rose almost 6%. In the latest quarter, apartment prices fell 0.7% and villa prices fell 0.2%. Apartment rents rose 7% year on year but fell 1.4% on the quarter. The supply pipeline is substantial: about 600 homes were delivered in H1 2026, with 1,600 expected in H2 2026, 4,700 in 2027, and 7,500 in 2028. Total stock is expected to reach about 13,800 by end-2028 and about 25,600 by 2030, with 97% apartments. Off-plan sales account for about 85% of residential transactions, meaning the resale market is thinner than the primary market.

Asking prices on 26 October 2026 show Al Marjan Island at a median ask of AED 2.05 million and AED 2,353 per sq ft across 169 listings, per Sofia Sands RAK Waterfront Pulse, 26 Oct 2026. Mina Al Arab including Hayat Island sits at AED 1,354 per sq ft, and Al Hamra Village at AED 1,066 per sq ft.

Wynn Al Marjan Island is scheduled to open September 2027. The last published site update in February 2026 noted the tower topped out at 299 m with the facade 83% complete and 1,504 rooms planned, per Wynn Resorts project update, Feb 2026.

How does the 50/50 payment plan work at the starting price?

The developer offers a 50/50 plan. At the starting price of AED 1,960,000, the schedule is AED 980,000 during construction and AED 980,000 on handover, per the developer price list, checked 2026-10-29. This means half the amount is due before completion and half at handover. Buyers paying cash will settle in two equal tranches. Those seeking finance should note that the Central Bank of the UAE caps off-plan loans at 50% of the property value regardless of nationality, per CBUAE guidance. You will therefore need to demonstrate liquidity for the balance or secure alternative funding. We also remind buyers that the handover date of Q4 2028 is a developer-stated target and can change.

Worked example on the entry price:

• Total price: AED 1,960,000
• During construction: AED 980,000
• On handover: AED 980,000

We recommend buyers confirm the exact instalment dates, bank escrow details, and any post-handover commitments directly with the developer and verify them with RAK Municipality. RAK does not publish escrow data through an open portal like Dubai REST, so you must request the escrow account information and check it independently.

Which unit types are available and what do they cost?

The development offers one-, two-, three- and four-bedroom apartments, plus penthouses. The published starting price is AED 1,960,000 for an off-plan unit, per the developer price list, checked 2026-10-29. Exact unit sizes, floor plans, and the full price ladder for larger penthouses are not in the registered data we hold; you should confirm these on the sales and purchase agreement before you sign.

At AED 1,960,000, the entry price sits below the AED 2 million federal threshold for the 10-year Golden Visa through property, per ICP / DLD, 2026 guides. A property must be worth at least AED 2 million on the valuation to qualify, so this unit alone would not meet the criteria unless the specific valuation or a mortgage structure changes the effective threshold, which is not assured. If Golden Visa eligibility is a priority, ask whether larger units in the same project cross the threshold, and confirm the exact valuation methodology with ICP.

Who does this suit and what should you check before you reserve?

This project suits buyers who want a new-build apartment or penthouse on Al Marjan Island with a simple two-stage payment structure and a handover timeline that may align with the Wynn Al Marjan Island opening in September 2027. It is also relevant for investors tracking the RAK supply pipeline, which shows about 13,800 homes expected by end-2028 and about 25,600 by 2030, per Cavendish Maxwell H1 2026. The large incoming supply means rental and resale competition will increase, so underwrite your returns conservatively.

Before you pay a reservation fee, check the following:

• Escrow: Dubai Law 8 of 2007 governs escrow in Dubai, but RAK operates under its own Municipality. There is no equivalent open escrow lookup like Dubai REST for RAK projects. Ask BNW Developments for the escrow bank and account details, then confirm the account is active with RAK Municipality.
• Project registration: Verify the project is registered with RAK Municipality and that the developer holds the necessary permits. RAK has no open transaction registry, so you must do this directly with the Municipality.
• Developer record: Ask BNW Developments for details of completed or handed-over projects. Off-plan carries completion risk; handover dates can change.
• Sales and purchase agreement: Read the payment schedule, delay penalties, and handover conditions. Do not rely on verbal assurances.
• Transfer fees: On a completed resale in RAK, the buyer pays 2% of market value and the seller pays 2%, per RAK Municipality service card ZL13. For off-plan primary purchases, confirm whether similar fees or registration charges apply at the time of transfer.
• Tax: The UAE levies no annual property tax and no capital gains tax on individuals, and residential property sales are exempt from VAT on the first supply within three years of completion, per UAE Federal Tax Authority VAT guidance; UAE tax framework, checked 29 Oct 2026.

Buyers deal direct with Sofia Sands; there is no agency fee on our own instructions.

How does it compare with other options in Ras Al Khaimah?

Al Marjan Island currently commands the highest asking median among the main RAK freehold zones at AED 2,353 per sq ft, against AED 1,354 per sq ft in Mina Al Arab including Hayat Island and AED 1,066 per sq ft in Al Hamra Village, per Sofia Sands RAK Waterfront Pulse, 26 Oct 2026. Fashion TV Acacia enters below the island’s median ask, though the starting unit may be smaller or differently positioned than the average resale listing on the island. There is no assurance that off-plan pricing will track asking medians on delivery, because medians can change and new supply is coming.

For buyers who prefer a completed asset, Bay Views on Hayat Island, Mina Al Arab, is handed over and ready now. It is sold as one full floor only at AED 16,200,000 for 9,364 sq ft, which is about AED 1,730 per sq ft, per Sofia Sands instruction, repriced 23 Oct 2026. That building is about 15 minutes’ drive from Wynn Al Marjan Island. It is not directly comparable to a single off-plan apartment, but it shows where ready stock sits in the broader RAK market.

Highlights

• Fashion TV Acacia offers a 50/50 payment plan on a Q4 2028 handover target, with entry at AED 1,960,000.
• Al Marjan Island asks the highest per-sq-ft prices in RAK, but the latest quarterly data showed apartment prices fell 0.7%.
• About 13,800 homes are expected by end-2028 in RAK, so competition for tenants and buyers will rise.
• The starting price is below the AED 2 million Golden Visa threshold; confirm whether larger units qualify if that matters to you.
• RAK has no open escrow registry like Dubai REST; verify the escrow account and project registration directly with RAK Municipality before transferring funds.

Payment plan

1. 1
   During Construction50% of total price (AED 980,000)
2. 2
   On Handover50% of total price (AED 980,000)

Developer payment plans are set per launch; we confirm the current schedule and any post-handover option in writing before you reserve.

Amenities

• Infinity Swimming Pool
• Viewing Deck & Water Features
• Kids’ Pool & Play Area
• Barbeque Zones & Fire Pit Corners
• State-of-the-Art Gymnasium
• Lush Landscaped Gardens
• Café & Signature Restaurant
• Family Seating Lounges
• View All Amenities

Sources, dated

• developer price list, checked 2026-10-29
• RAK Municipality Lands and Properties Sector, H1 2026
• Cavendish Maxwell H1 2026
• Sofia Sands RAK Waterfront Pulse, 26 Oct 2026
• Wynn Resorts SEC filing / earnings release, 4 Aug 2026
• Sofia Sands instruction, repriced 23 Oct 2026