Costa Mare Tower I – 2-Bedroom Apartment on Al Marjan Island by Ellington Properties

Costa Mare Tower I is Ellington Properties' waterfront residential address on Al Marjan Island, Ras Al Khaimah — and this 2-bedroom apartment is one of the project's most considered offerings. With a total built-up area of 1,283 sqft — comprising 1,127 sqft of internal living space and a 155 sqft external area — the layout balances practical proportions with the generous outdoor dimension that defines the Costa Mare design ethos.

The listing price is AED 4,665,828, equating to approximately AED 3,638 per sqft, giving buyers a precise per-square-foot benchmark when comparing it against other off-plan opportunities in the Al Marjan Island corridor. The project is delivered directly from the developer under Ellington's off-plan programme, and the 70/30 payment plan — 70% during construction, 30% on handover — structures the capital commitment in a way that aligns outgoings with project milestones rather than front-loading the full purchase price.

Annual service charges are set at AED 19 per sqft per year, giving buyers full visibility of the holding cost before commitment. On a unit of this size, that translates to an indicative annual service fee of approximately AED 24,368 — a figure drawn directly from the listed rate and included here purely for transparency.

Ellington Properties has established a clear reputation for interior quality and design coherence across its Dubai and Ras Al Khaimah portfolio. Costa Mare sits within that lineage: it is a project aimed at buyers who want a finished standard that does not require extensive customisation post-handover. If you are comparing Ellington's standing against other developers active on Al Marjan Island, the developer profiles section provides a structured.

For buyers newer to the off-plan acquisition process — particularly the contractual mechanics of escrow, RERA registration, and staged payment releases — the guide on buying off-plan apartments: a numbers-first buyer's guide walks through each stage without the promotional gloss. Separately, if Al Marjan Island is one location under consideration but you are still mapping the broader off-plan landscape across the UAE, the 2026 shortlist of the best areas to buy off-plan property provides a comparative framework across established and emerging zones.

The full Costa Mare Tower I pipeline, alongside other off-plan projects currently available, can be browsed in one place — useful for filtering by payment plan structure, handover timeline, or price per sqft across different towers and communities.