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

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.