Costa Mare Tower II — 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
Costa Mare Tower II is Ellington Properties' contribution to Al Marjan Island, the man-made archipelago in Ras Al Khaimah that has become one of the region's most closely watched waterfront destinations for off-plan buyers. This 2-bedroom apartment spans a total built-up area of 1,274 sqft — comprising 1,128 sqft of internal living space and a 146 sqft external area — delivering the kind of proportioned layout that suits both primary residents and long-term investors.
The asking price is AED 4,258,828, translating to approximately AED 3,343 per sqft. The project is being released under a 70/30 payment plan: 70% payable during construction milestones and 30% on handover, which is a structure commonly associated with Ellington's off-plan programme. Annual service charges are set at AED 19 per sqft per year, equating to approximately AED 24,204 annually on this unit's built-up area — a figure worth factoring into any yield or affordability calculation.
Al Marjan Island occupies a singular position among off-plan destinations outside Dubai: its coastal setting, growing hospitality infrastructure, and the attraction of upcoming large-scale resort developments have placed it firmly on the radar of buyers diversifying beyond Dubai's core submarkets. If you are weighing Al Marjan Island against established Dubai communities, the 2026 buyer's shortlist of the best areas to buy off-plan property provides a data-grounded comparison worth reading before committing.
Ellington Properties is recognised in the UAE market for design-led residential developments with an emphasis on interior finishes and community-scale amenities. Buyers evaluating the developer's broader off-plan pipeline can explore the full range of off-plan projects currently listed on the platform. For those who are newer to the off-plan buying process in the UAE, the off-plan apartments buyer's guide — focused on numbers rather than marketing language — walks through escrow mechanics, SPA structures, and the questions every purchaser should ask before signing.
Key figures at a glance:
- Total built-up area: 1,274 sqft (1,128 sqft internal + 146 sqft external)
- Asking price: AED 4,258,828 (≈ AED 3,343/sqft)
- Payment plan: 70/30 (construction-linked / on handover)
- Service charge: AED 19/sqft/yr
- Developer: Ellington Properties
- Status: Off-Plan
Location on the Map
Open in Google MapsHighlights
Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,343.
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 1,274 sqft, made up of 1,128 sqft of internal living space and a 146 sqft external area.
›How does the 70/30 payment plan work for Costa Mare Tower II?
Under the 70/30 structure, 70% of the purchase price is payable in instalments tied to construction milestones, and the remaining 30% is due on handover. Exact instalment dates and percentages should be confirmed in the Sales Purchase Agreement with Ellington Properties.
›What is the annual service charge for this apartment?
The service charge is set at AED 19 per sqft per year. Based on the total built-up area of 1,274 sqft, that equates to approximately AED 24,204 per year. This is an owner cost separate from the purchase price.
›What is the price per sqft for this Costa Mare Tower II listing?
The asking price of AED 4,258,828 on 1,274 sqft works out to approximately AED 3,343 per sqft.
›Where is Al Marjan Island located, and why are buyers interested in it?
Al Marjan Island is a man-made island archipelago in Ras Al Khaimah, UAE. It has attracted increasing buyer interest due to its waterfront setting, expanding hospitality and resort infrastructure, and its position as an off-plan investment destination outside Dubai's core submarkets. For a broader comparison of off-plan markets in the region, see the platform's article on the best areas to buy off-plan property.
›Is this apartment furnished?
No, this unit is listed as unfurnished.
›How many bathrooms does the apartment have?
[DATA NEEDED] — the number of bathrooms was not specified in the listing data. Please use the on-page enquiry form to request this detail directly.
