Costa Mare Tower II – 2-Bedroom Apartment for Sale in Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
This two-bedroom apartment in Costa Mare Tower II is part of Costa Mare, Ellington Properties' residential project on Al Marjan Island in Ras Al Khaimah. The residence spans a total built-up area of 1,096 sq ft, comprising approximately 960 sq ft of internal living space and a 136 sq ft external area — a layout that balances everyday comfort with a degree of outdoor connection rarely found at this price point on the island.
The asking price is AED 3,590,828, equating to approximately AED 3,277 per sq ft. Ellington's structured 70/30 payment plan means buyers commit 70% during the construction period and the remaining 30% on handover — a schedule designed to reduce the capital deployed upfront while the project progresses. The annual service charge is AED 19 per sq ft, which translates to an estimated AED 20,820 per year based on the total built-up area.
Al Marjan Island is a man-made archipelago off the Ras Al Khaimah coastline that has attracted considerable developer attention in recent years. Ellington Properties — known primarily for its design-led residential projects across Dubai — has brought its characteristic approach to finishes and spatial planning to this RAK address. For buyers weighing up where Al Marjan Island sits relative to Dubai's off-plan corridors, the 2026 buyer's shortlist of the best areas to buy off-plan property provides a comparative framework worth reading before committing.
This listing is offered direct from the developer. The status is off-plan, so buyers should review the RERA registration details and escrow account documentation as standard practice. For a broader primer on evaluating off-plan purchases — from escrow checks to SPA clauses — the off-plan apartments buyer's guide covers the due-diligence steps without the marketing gloss.
Buyers actively comparing off-plan projects currently available across the UAE can explore the full inventory for side-by-side pricing and payment-plan comparisons. The property is unfurnished, as is standard for developer off-plan handovers at this stage.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,277.
Frequently Asked Questions
›What is the total size of this 2-bedroom apartment in Costa Mare Tower II?
The apartment has a total built-up area of 1,096 sq ft — approximately 960 sq ft of internal living space and 136 sq ft of external area.
›What is the asking price and price per sq ft for this Costa Mare unit?
The listed asking price is AED 3,590,828, which works out to approximately AED 3,277 per sq ft based on the total built-up area.
›How does the 70/30 payment plan work for Costa Mare by Ellington?
Under the 70/30 structure, 70% of the purchase price is payable during the construction period and the remaining 30% is due upon handover. Buyers should confirm the exact instalment schedule directly with the developer.
›What is the annual service charge for this apartment?
The service charge is AED 19 per sq ft per year. Based on the total built-up area of 1,096 sq ft, this equates to approximately AED 20,820 per year — though the precise figure will be confirmed in the SPA and by the relevant owners' association.
›Who is the developer of Costa Mare on Al Marjan Island?
Costa Mare is developed by Ellington Properties, a UAE-based developer known for design-focused residential projects. This listing is sourced direct from the developer.
›Is this apartment freehold, and what is the current project status?
The listing is off-plan and sourced directly from the developer. Freehold eligibility for Al Marjan Island properties and the current RERA registration status should be verified with the developer or through the relevant RAK authority before signing.
