Costa Mare Tower I – 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
Costa Mare Tower I is Ellington Properties' waterfront addition to Al Marjan Island, the man-made archipelago in Ras Al Khaimah that has emerged as one of the Gulf's most closely watched off-plan destinations. This two-bedroom residence within the project offers a total built-up area of 1,531 sq ft, comprising 1,127 sq ft of internal living space and a 403 sq ft external area — a layout that prioritises usable outdoor space alongside generous interiors.
The apartment is offered at AED 5,540,828 (approximately AED 3,620 per sq ft), sourced directly from the developer. The 70/30 payment plan means 70% is payable during construction and the remaining 30% on handover, spreading capital commitment across the build timeline — a structure worth comparing against market norms if you are sizing up multiple Al Marjan Island options. For a broader framework on evaluating off-plan payment structures, the off-plan apartments buyer's guide covering purchase numbers and due-diligence steps is a practical starting point.
Service charges are fixed at AED 19 per sq ft per year, translating to an indicative annual service-charge figure of roughly AED 29,082 on the full built-up area — a holding cost buyers should factor into any yield or cash-flow modelling before committing. The project is being delivered under Ellington's signature off-plan programme; handover timing should be confirmed directly with the developer at the point of reservation.
Al Marjan Island's rise has attracted significant developer interest from across the UAE, and understanding which areas and projects carry the strongest fundamentals is essential before placing capital. The 2026 buyer's shortlist of the best areas for off-plan property contextualises where Al Marjan Island sits relative to other emerging corridors. Buyers comparing Ellington's Costa Mare against competing launches in the broader off-plan market will also find the full off-plan project inventory a useful live availability across developers.
No specific view orientation or amenity list has been confirmed for this unit in the current listing data; buyers should request the detailed floor plan and amenity schedule directly via the enquiry form. For context on the wider developer track record, the developer profiles section covers Ellington Properties alongside other active UAE builders.
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,620.
Frequently Asked Questions
›What is the total size of the 2-bedroom apartment in Costa Mare Tower I?
The apartment has a total built-up area of 1,531 sq ft, made up of 1,127 sq ft of internal space and 403 sq ft of external area.
›What is the asking price and price per sq ft for this Costa Mare apartment?
The listed asking price is AED 5,540,828, which equates to approximately AED 3,620 per sq ft based on the total built-up area.
›How does the 70/30 payment plan work for Costa Mare Tower I?
Under the 70/30 structure, 70% of the purchase price is payable during the construction phase and the remaining 30% is due at handover. Buyers should confirm the exact instalment schedule directly with Ellington Properties at reservation.
›What are the service charges for this apartment?
Service charges are set at AED 19 per sq ft per year, applied to the total built-up area of 1,531 sq ft.
›Who is the developer of Costa Mare Tower I on Al Marjan Island?
Costa Mare Tower I is developed by Ellington Properties, a Dubai-based developer active in the UAE off-plan market.
›Where is Al Marjan Island located?
Al Marjan Island is a man-made archipelago located in Ras Al Khaimah, United Arab Emirates.
›What view does this apartment have?
View orientation has not been confirmed in the current listing data. Buyers should request this detail directly via the enquiry form or from the developer.
