Pelagos by IGO Dubai Marina Dubai

Pelagos by IGO is a 288-apartment tower in Dubai Marina, built by Invest Group Overseas with Evolutions, offering studios, 1 and 2 BHK apartments of about 381 to 1,526 sq ft on a 50/50 plan with 40 per cent spread over 18 months after handover. The source listing shows it from AED 1.2 M, about Rs 3.09 Cr at 25.75 rupees to the dirham; brokers print studios from AED 1.3 M.

It is the lowest Marina entry in this batch and the only page here where the developer keeps taking instalments after you have the keys. The handover was scheduled for March 2026 and no source we checked confirms it has happened. This page works the studio through the plan and the fees, prints the rate against the Marina average, and says what to establish first. See all Dubai projects we track for the alternatives.

At a glance

Price and unit pricing

The pattern is the usual one, sharpened: the studio is priced 25 to 60 per cent above the Marina average per sq ft, the 1 BHK is around the average, and the 2 BHK at about AED 1,880 to 2,000 is below it. Small units cost more per foot and earn more per foot, so the studio's yield still works; just do not mistake the low ticket for a low rate. The 2 BHK is the value unit in this building and the only one that clears the Golden Visa line.

Payment plan and total cost

The plan is 20 per cent on booking, 30 per cent during construction, 10 per cent at handover and 40 per cent over 18 months after handover.

A Marina studio letting at AED 78,000 a year covers about a quarter of the post-handover instalments; the rest is yours to fund. No agency commission applies on a developer sale. Final as per the SPA.

Handover: the date has passed

March 2026 was the scheduled handover, with the source listing carrying January 2026. Both dates are behind us and none of the sources we checked reports the tower handed over; the listings still describe it as an off-plan project. That does not mean it has stalled: a tower at this stage is usually in finishing works and snagging. What it means is that you should ask IGO for the DLD project-status report and, if the building is complete, the completion certificate and the title-deed position on your unit, before paying anything. On a post-handover plan the handover date is also the date your instalment clock starts, so it needs to be documented.

Location and connectivity

Pelagos is in Dubai Marina, with the Marina Walk and Marina Mall within walking distance, JBR and the beach about five minutes by car, the DMCC and Jumeirah Lakes Towers metro stations five to ten minutes away, Palm Jumeirah 10 to 15, Downtown 20 to 25 and Dubai International Airport about 30. The Marina is one of Dubai's deepest rental markets and is fully built, with the tram, metro, restaurants and beach all operating. For a studio investor that matters more than anything in the building: the tenant is already in the neighbourhood.

Amenities and specifications

The tower has a clean glass facade, linear edges and wide balconies angled at the marina. Quoted amenities: an outdoor pool, a fully equipped gym, a multipurpose hall and lounge spaces. This is a moderate amenity package by Marina standards, which should keep the service charge nearer AED 18 than AED 26 per sq ft. Unit finishes are not itemised by the sources checked. Final as per the SPA.

About the developer

Invest Group Overseas was founded in 2004 and is part of the MAG Group. Its portfolio covers nine projects and more than 1,630 residential units, of which three are completed and six are off-plan, across Dubai Marina, Business Bay, Downtown Dubai, JVC, Dubai Islands and Al Maryah Island. Pelagos is developed with Evolutions. Three completed projects is a modest record, but it is a real one; ask which three and visit one. Compared with LIV LUX down the road, whose developer has delivered two buildings in this same marina, IGO's record is broader and less local.

For overseas buyers

Any nationality. Dubai's designated freehold areas are open to buyers of every nationality, resident or not: no local partner, no residence visa needed in order to buy, and the Land Department issues the title deed in your own name. On the AED 1.20 million entry price the 4% Dubai Land Department transfer fee is about AED 48,000 (USD 13,100), and registration, trustee and agency charges take the all-in cost to roughly 6% to 7% over the price. UAE banks lend non-residents about 50% to 60% of the price, which is why the developer payment plan above carries most overseas purchases. The paragraphs below work the numbers for an Indian buyer, the largest single group buying in Dubai, but the ownership, visa and yield rules are the same whatever passport you hold.

Ownership. Dubai Marina is freehold; the unit is registered as an Oqood record now and a title deed at handover.

Remittance. AED 1.2 M is about USD 327,000. Under the LRS each person can remit USD 250,000 per financial year, so a couple can fund the whole purchase in one year, and the post-handover instalments can run into the next.

Golden Visa. The studio and 1 BHK are under the AED 2 M threshold. A 2 BHK at AED 3.0 M qualifies once registered; confirm with the ICP.

Yield and tax. Marina studios yield 5.5 to 7 per cent gross; at AED 1.3 M a studio needs about AED 78,000 a year to reach 6 per cent, which is inside the Marina studio range. Deduct about a point for the service charge. No UAE tax applies; in India the rent is income from house property after the 30 per cent standard deduction. Note that resale during the post-handover period usually needs the developer's consent and settlement of the balance; check the SPA clause before you count on an early exit.

Pros

• The lowest Marina entry in this batch
• 40 per cent payable over 18 months after handover
• At or just past its handover date, so the wait is short
• Marina studio yields of 5.5 to 7 per cent
• 288 units in a mature community with a deep tenant pool
• Three completed IGO projects and MAG Group backing

Cons

• Studios at about AED 2,830 to 3,340 per sq ft, well above the Marina average
• Two entry prices in print — AED 1.2 M and AED 1.3 M
• The March handover has passed without confirmation
• Under the Golden Visa threshold except on the 2 BHK
• Floor count printed as 30, 33 and 35
• DLD number and escrow bank not in print

Who this is for

• Investors who want a Marina studio at the lowest entry with 40 per cent deferred past handover
• Buyers who want a marina address that is finished or nearly finished
• Indian buyers who can fund the whole purchase within one LRS year
• Golden Visa applicants taking the 2 BHK at AED 3.0 M

Who should look elsewhere

• Golden Visa applicants on the studio or 1 BHK
• Buyers who want to pay the Marina average per sq ft — the 2 BHK is the unit that does
• Anyone who needs a confirmed handover date before paying
• Anyone unwilling to chase the DLD number and escrow details

Our verdict

A well-structured, small-ticket Marina buy at a high per sq ft rate. Confirm whether the tower has been handed over, get the price list with areas and the post-handover schedule, budget about AED 52,000 of fees on AED 1.2 M, and take the 2 BHK if you need the Golden Visa. For a branded alternative in the same community see Cavalli Tower, and for everything else our project list.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Pelagos by IGO?

The source listing shows it from AED 1.2 M, about Rs 3.09 Cr. Brokers print studios from AED 1.3 M, 1 BHK from AED 1.8 M and 2 BHK from AED 3.0 M. Studios are about 389 to 460 sq ft, 1 BHK 630 to 830 and 2 BHK 1,500 to 1,600.

What is the payment plan?

20 per cent on booking, 30 per cent during construction, 10 per cent at handover and 40 per cent over 18 months after handover. Add the 4 per cent DLD fee and Oqood admin fees at booking.

When is handover?

March 2026 was the scheduled date, with the source listing carrying January 2026. Both have passed and no source checked confirms the building handed over. Ask for the DLD project-status report or the completion certificate.

How many units and floors?

288 units in a G+33 tower; some sources print 30 or 35 floors. Studios, 1 and 2 BHK apartments from about 381 to 1,526 sq ft.

Is it RERA registered?

It is an active DLD-registered off-plan project on Property Finder, but none of the sources checked prints the project number or the escrow bank. Confirm both on the Dubai REST app before paying.

Does it qualify for the Golden Visa?

Not on the studio or 1 BHK; the threshold is AED 2 M. A 2 BHK at AED 3.0 M qualifies. Confirm with the ICP.

What are the service charges in Dubai Marina?

About AED 18 to 26 per sq ft a year, with a community average near AED 16. On a 460 sq ft studio at AED 20 that is about AED 9,200 a year. Ask IGO for the budgeted rate.

What rental yield can I expect?

Dubai Marina studios yield 5.5 to 7 per cent gross and 1-bedroom units 5 to 6.5 per cent. At AED 1.3 M a studio needs about AED 78,000 a year to reach 6 per cent, which is within the Marina studio range. Deduct about a point for service charges.

What has IGO delivered?

IGO, founded in 2004 and part of the MAG Group, lists nine projects and more than 1,630 units, of which three are completed and six off-plan, across Dubai Marina, Business Bay, Downtown, JVC, Dubai Islands and Al Maryah Island.

Interested in Pelagos? Ask Realty Hunting to confirm the handover status with IGO and the DLD, pull the current price list with areas and the post-handover schedule, and arrange a visit to one of the developer's completed buildings.