Al Marjan Island·Developer: Ellington Properties
This is a 2-bedroom off-plan apartment in Costa Mare Tower I by Ellington Properties on Al Marjan Island, priced at AED 5,156,828. Unit I G04 offers 1,424.49 sqft and suits buyers seeking a branded coastal residence or investors comparing price per sqft, service charges, and a 70/30 payment plan.
Costa Mare Tower I presents a generously proportioned 2-bedroom apartment on Al Marjan Island, delivered under Ellington Properties' signature off-plan programme. The residence spans a total built-up area of 1,424 sqft, divided between 1,110 sqft of internal living space and a 314 sqft external area — an allocation that Ellington's characteristic emphasis on liveable, well-balanced floor plans in a coastal setting.
The project is offered direct from the developer at AED 5,156,828, equating to approximately AED 3,620 per sqft. Buyers benefit from a structured 70/30 payment plan, with 70% payable during construction and 30% due on handover — a schedule typical of Ellington's off-plan releases and designed to spread capital commitment over the build period. The listed service charge is AED 19 per sqft per year, which should be factored into any long-term cost modelling.
Al Marjan Island is Ras Al Khaimah's premier man-made island destination, attracting increasing interest from buyers who prioritise a waterfront lifestyle outside the density of central Dubai. Costa Mare sits within this evolving coastal corridor, positioning residents close to the island's leisure, hospitality, and beach infrastructure. For a broader comparison of off-plan destinations across the UAE, the 2026 buyer's shortlist of the best areas to buy off-plan property in Dubai and the UAE provides useful regional context.
Buyers who are newer to the off-plan acquisition process will find the comprehensive off-plan apartments buyer's guide — focused on numbers rather than marketing — a practical starting point for understanding escrow protections, handover procedures, and developer track records before committing.
This listing is classified as off-plan and is sourced directly from the developer. Amenity-level detail and handover timeline beyond what is stated above have not been confirmed in the listing data at this stage — [DATA NEEDED] for completion date and full amenity schedule. To explore the full range of off-plan opportunities currently available, visit the off-plan projects inventory.
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,620.
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