Costa Mare Tower I – 1-Bedroom Apartment on Al Marjan Island by Ellington Properties

Costa Mare Tower I is Ellington Properties' signature residential address on Al Marjan Island, the man-made archipelago that has rapidly become one of the Gulf's most-watched waterfront destinations. This one-bedroom apartment spans a total built-up area of 841 sqft — comprising 696 sqft of internal living space and a 145 sqft external area — giving the layout a clear indoor-outdoor flow that is difficult to find at this price point on the island.

The asking price is AED 2,973,828, translating to approximately AED 3,537 per sqft. Ellington has structured this release on a 70/30 payment plan: 70% is payable during construction and 30% on handover, which reduces the immediate capital commitment for buyers entering the Al Marjan Island market at the off-plan stage. The indicative service charge is AED 19 per sqft per year — equating to roughly AED 15,977 annually on this unit's total area — a figure worth factoring into any holding-cost calculation before proceeding.

Ellington Properties is known for design-led residential projects that prioritise finish quality and spatial proportion over unit count. Costa Mare continues that philosophy within a coastal context: the tower sits on Al Marjan Island's waterfront, a location that has attracted significant developer attention ahead of the wider Ras Al Khaimah gaming and hospitality pipeline. Buyers comparing this against other off-plan projects currently available in the UAE will note that Al Marjan Island occupies a distinct niche — it is neither Dubai nor Abu Dhabi, and its regulatory and lifestyle trajectory is its own.

If you are weighing Al Marjan Island against established Dubai submarkets, the 2026 buyer's shortlist of the best areas to buy off-plan property in Dubai provides a useful baseline for understanding how location fundamentals — infrastructure maturity, rental liquidity, handover risk — differ across the region. For a deeper dive into the mechanics of buying at the off-plan stage — deposit structures, SPA protections, escrow requirements — the off-plan apartments buyer's guide that goes straight to the numbers is worth reading before you sign anything.

This listing is sourced directly from Ellington Properties and is presented under their off-plan programme. Amenity details beyond the unit specifications have not been disclosed in the current data release; interested buyers should request the full project brochure for the complete Costa Mare facilities schedule. No rental figure is associated with this off-plan listing at this stage — use the on-page enquiry form to obtain a live rental market benchmark for comparable Al Marjan Island units.