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

This 2-bedroom apartment in Costa Mare Tower III is part of Costa Mare, Ellington Properties' waterfront residential project on Al Marjan Island in Ras Al Khaimah. The residence spans a total built-up area of 1,261 sqft, comprising approximately 960 sqft of internal living space and 301 sqft of external area — a layout that balances generous interiors with meaningful outdoor living.

Listed at AED 4,251,828, the price per square foot works out to approximately AED 3,372/sqft. The unit is offered directly from the developer under a 70/30 payment plan, with 70% payable during construction and the balance on handover — a structure that allows buyers to stage their capital commitment across the build programme. The annual service charge is AED 19 per sqft per year, giving an indicative total service cost of around AED 23,960 per annum based on the built-up area.

Al Marjan Island has become one of the Gulf's most watched addresses for off-plan buyers, attracting attention for its island setting, freehold eligibility for international purchasers, and the concentration of branded developers now active there. Ellington Properties — known for its design-led residential portfolio across Dubai and the UAE — brings the same attention to finishes and spatial planning to Costa Mare that has defined its mainland projects. Buyers comparing locations and developer track records will find the 2026 shortlist of best areas to buy off-plan property a useful positioning Al Marjan Island against competing submarkets.

For buyers new to the off-plan acquisition process in the UAE, the practical mechanics — from reservation to handover, SPA structure, escrow accounts, and payment milestone triggers — are covered in depth in the buyer's guide to off-plan apartments that goes straight to the numbers. Understanding these mechanics is especially relevant when evaluating a 70/30 plan on a unit still under construction.

The full pipeline of off-plan projects currently available on the platform spans multiple communities and developers, allowing side-by-side comparison of payment structures, handover timelines, and price-per-sqft benchmarks across the UAE market.