Costa Mare Tower II — 2-Bedroom Apartment on Al Marjan Island by Ellington Properties

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