Costa Mare Tower I by Ellington — 1-Bedroom Apartment on Al Marjan Island
Al Marjan Island·Developer: Ellington Properties
Description
Costa Mare Tower I is Ellington Properties' waterfront off-plan development on Al Marjan Island, the man-made archipelago in Ras Al Khaimah that has attracted significant buyer attention as a coastal alternative to Dubai's established corridors. This one-bedroom residence within Costa Mare offers a total built-up area of 744 sqft, comprising 671 sqft of internal living space and a 73 sqft external area — a layout that prioritises usable indoor space while retaining an outdoor component.
The asking price is AED 2,844,828, which equates to approximately AED 3,821 per sqft. The developer's listed payment structure follows a 70/30 plan: 70% payable during the construction phase and 30% on handover. The annual service charge is set at AED 19 per sqft per year, which — applied to the total built-up area — produces an indicative annual service fee of roughly AED 14,144; buyers should verify the final RERA-registered figure directly with Ellington Properties before committing.
Ellington Properties is recognised in the UAE market for design-led residential developments that prioritise interior finish quality. Costa Mare that positioning, bringing the developer's off-plan programme to a beachfront island address for the first time at this scale. For a broader view of how Al Marjan Island and comparable coastal communities rank among active off-plan markets, the 2026 buyer's shortlist of the best areas to buy off-plan property in Dubai and the UAE provides useful location-level context.
Buyers evaluating this listing alongside other active launches will find it useful to read the comprehensive buyer's guide to off-plan apartments, which covers payment plan mechanics, escrow protections, and the questions worth asking any developer before signing an SPA. If you are comparing multiple off-plan projects simultaneously, the full off-plan project listings on this platform allow side-by-side review across developers and communities.
Key figures at a glance: 1 bedroom · 744 sqft total (671 sqft internal + 73 sqft external) · AED 2,844,828 · AED 3,821/sqft · 70/30 payment plan · Service charge AED 19/sqft/yr · Developer: Ellington Properties · Community: Al Marjan Island · Status: Off-Plan.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,821.
Frequently Asked Questions
›What is the total area of this 1-bedroom apartment in Costa Mare Tower I?
The apartment has a total built-up area of 744 sqft, made up of 671 sqft of internal living space and 73 sqft of external area.
›What is the asking price and price per sqft for this Costa Mare unit?
The listed asking price is AED 2,844,828, which equates to approximately AED 3,821 per sqft based on the total built-up area.
›How does the 70/30 payment plan for Costa Mare work?
Under the 70/30 structure, 70% of the purchase price is paid in instalments during the construction period, and the remaining 30% is due upon handover. Buyers should confirm the exact instalment milestone schedule directly with Ellington Properties.
›What is the annual service charge for this apartment?
The service charge is listed at AED 19 per sqft per year. Applied to the 744 sqft total built-up area, the indicative annual fee is approximately AED 14,144. Confirm the final RERA-registered charge with the developer before exchange.
›Who is the developer of Costa Mare Tower I?
Costa Mare Tower I is developed by Ellington Properties, a UAE-based developer known for design-centric residential projects.
›Where is Costa Mare Tower I located?
The project is located on Al Marjan Island, a man-made island community in Ras Al Khaimah, UAE.
›Is this apartment available as a ready property or off-plan?
This is an off-plan listing. The unit is part of Ellington Properties' off-plan programme, with handover details to be confirmed directly with the developer. No completion date was provided in the listing data.
