Pelagos by IGO, Dubai Marina
Pelagos by IGO is a waterfront residential tower under construction in Dubai Marina, developed by Invest Group Overseas (IGO), with 288 studio, one and two-bedroom apartments across 33 residential floors. The project is reported to be around 95% complete, with handover targeted for Q3 2026. Once units are delivered, Royale Stays can manage the full Airbnb setup for owners here for a fee starting from 15%.
Developer
Invest Group Overseas (IGO)
Status
Under construction (95% complete)
Target handover
Q3 2026
Units
288, Studio to 2BR
About Pelagos by IGO
Pelagos by IGO is a waterfront residential tower under construction in Dubai Marina, developed by Invest Group Overseas (IGO), a Dubai-based developer with more than a dozen completed projects across the UAE and the USA. Construction began in December 2024, and the project is reported to be around 95% complete, with the developer's own sales materials pointing to a Q3 2026 handover, an update from the Q1 2026 estimate quoted when the project first launched.
The tower rises across 33 residential floors plus 2 podium levels (some portals describe the building's total height as 35 storeys once podium and basement levels are counted, with 5 basement parking levels beneath). It holds 288 apartments across studio, one and two-bedroom layouts, with no more than 9 units per floor. Studios range from around 381 to 460 square feet, one-bedroom units from 633 to 834 square feet, and two-bedroom units from roughly 1,491 to 1,526 square feet, with floor-to-ceiling windows and views toward the Marina and the Arabian Gulf.
Invest Group Overseas is also behind The Paragon by IGO in Business Bay, Society House in Downtown Dubai, Azura Residences on Dubai Islands and several other UAE projects. The name Pelagos comes from the Greek word for 'sea' or 'open ocean', chosen to reflect the tower's waterfront setting; it has no connection to the unrelated Tudor Pelagos dive watch collection or any other business of the same name.
One source, propsearch.ae, attributes this project to MAG Group via a subsidiary it names as DIGO Real Estate Development. Every other source checked for this guide, including Invest Group Overseas' own corporate website and the project's official sales site, names Invest Group Overseas (IGO) directly as the developer, and this guide follows that majority-sourced, developer-confirmed attribution.
Location & Nearby Landmarks
Pelagos by IGO sits directly on the Dubai Marina waterfront, close to Pier 7 and Dubai Marina Mall, and within a few minutes of The Beach at JBR. Two Red Line metro stations and the Dubai Marina tram, which connects to the Palm Jumeirah monorail, are a short distance away, and the building has direct road access to Al Sufouh Road and Sheikh Zayed Road.
Pelagos joins Royale Stays' wider Dubai Marina Building Guide cluster alongside Trident Bayside and Trident Grand Residence, two towers that Luxhabitat's own listings identify as similar nearby developments.
Pelagos by IGO falls within Royale Stays' wider Dubai Marina coverage area, detailed in Airbnb Property Management in Dubai Marina.
Unit Types
Pelagos by IGO offers 288 apartments: 90 studios sized from around 381 to 460 square feet, 120 one-bedroom apartments from 633 to 834 square feet, and 60 two-bedroom apartments from roughly 1,491 to 1,526 square feet, confirmed via the project's own sales materials and corroborated by propsearch.ae and Tanami Properties. As of the developer's most recently published availability, one-bedroom units were listed as sold out, with studio and two-bedroom units still available; availability changes regularly and is worth checking directly.
Amenities
Amenities include a marina-facing outdoor pool, a rooftop terrace, a fully equipped gym, an outdoor seating area, a multipurpose hall, a ground-floor lobby with concierge service, and direct beach access, per the project's own sales materials. A separate listing from Tanami Properties additionally describes a kids' play area, basketball and tennis courts, and 24-hour security.
Transportation & Access
Pelagos by IGO is close to two Red Line metro stations and the Dubai Marina tram line, with direct road access to Al Sufouh Road and Sheikh Zayed Road. Dubai Marina Mall and The Beach at JBR are roughly 5 minutes away, Palm Jumeirah and Mall of the Emirates around 10 to 15 minutes, Downtown Dubai and Burj Khalifa around 20 minutes, and Dubai International Airport roughly 25 to 35 minutes by car.
Rental & Price Trends
Pelagos by IGO is still an active off-plan project on the Dubai Land Department's own transaction register. As of the most recent recorded sale checked for this guide, dated 11 June 2026, the Dubai Land Department lists 50 sale transactions under the building, all registered as off-plan pre-registration sales rather than completed resale transactions.
Recent examples include a 1,491 sq ft two-bedroom unit sold for AED 3,300,002 (AED 2,213 per sq ft) on 11 June 2026, a 759 sq ft one-bedroom unit sold for AED 1,821,912 (AED 2,402 per sq ft) on 25 March 2026, and a 453 sq ft studio sold for AED 1,500,000 (AED 3,312 per sq ft) on 24 February 2026. Launch prices started around AED 1.2 million for a studio and roughly AED 4.1 million for a two-bedroom unit, per the project's own sales materials; live prices move regularly and should be checked directly for a specific unit. Owners weighing a specific unit's numbers can run their own scenario through Royale Stays' ROI calculator.
Units priced at AED 2 million or more may also qualify a buyer for the UAE's 10-year Golden Visa, subject to the standard eligibility rules, per the project's own investment materials.
Airbnb / Short-Term Rental Income Potential
Pelagos by IGO has not yet been handed over, so there is no building-specific Airbnb or Booking.com listing activity to point to and no operating history to draw on. This is a timing issue rather than a permit issue: Invest Group Overseas is a private developer, not a hotel brand, so once units are delivered, owners will be able to apply for a standard DTCM holiday home permit in the usual way.
As a steer, Royale Stays' Dubai Marina area guide reports that a professionally managed one-bedroom apartment across the wider area typically earns around AED 16,400 a month on Airbnb. These are area-blended figures, not a promise for any specific unit at Pelagos, and they will only become directly relevant once the building is handed over and units are ready to furnish and list.
Royale Stays offers full Airbnb and holiday home management, covering furnishing, photography, pricing, check-in and guest communications, for a fee starting from 15%, and is happy to talk to owners here ahead of handover so a unit is ready to list from day one. Owners can submit their property for a free rental assessment.
Pelagos by IGO is not yet handed over; the Airbnb income figures above describe Royale Stays' actively managed Dubai Marina portfolio today, for area-level context only, not a building-specific figure for Pelagos.
Questions