Costa Mare Tower III – 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
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.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,372.
Frequently Asked Questions
›What is the total size of the 2-bedroom apartment in Costa Mare Tower III?
The apartment has a total built-up area of 1,261 sqft, made up of approximately 960 sqft of internal living space and 301 sqft of external area.
›What is the asking price and price per sqft for this Costa Mare Tower III unit?
The listed asking price is AED 4,251,828, which equates to approximately AED 3,372 per sqft based on the total built-up area.
›How does the 70/30 payment plan work for this Ellington off-plan apartment?
Under the 70/30 structure, 70% of the purchase price is payable in instalments during the construction phase, with the remaining 30% due at handover. The exact milestone schedule should be confirmed in the Sales and Purchase Agreement with Ellington Properties.
›What is the annual service charge for this apartment?
The service charge is AED 19 per sqft per year. Based on the total built-up area of 1,261 sqft, the indicative annual service charge is approximately AED 23,960.
›Who is the developer of Costa Mare on Al Marjan Island?
Costa Mare is developed by Ellington Properties, a UAE-based developer known for its design-focused residential projects across Dubai and the wider Emirates.
›Is this apartment freehold for international buyers?
Al Marjan Island is a designated freehold zone in Ras Al Khaimah, generally permitting international purchasers to acquire full ownership. Buyers should verify the specific title and freehold designation for this unit with the developer and the Ras Al Khaimah Real Estate Registration Authority before committing.
