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 the wider Costa Mare development by Ellington Properties, positioned on Al Marjan Island — Ras Al Khaimah's flagship waterfront master community. The residence spans a total built-up area of 1,089 sqft, comprising 952 sqft of internal living space and a 137 sqft external area, making it well-suited for owner-occupiers and investors alike who seek a proportioned, liveable layout in a premium coastal address.
Listed at AED 3,873,828 — approximately AED 3,559 per sqft — the apartment is available directly from the developer under a structured 70/30 payment plan, where 70% is payable during construction and 30% on handover. The annual service charge is set at AED 19 per sqft per year, giving buyers a clear forward-looking cost baseline from day one. Handover is scheduled under Ellington's off-plan programme; prospective buyers should confirm the current completion timeline directly with the developer.
Ellington Properties is known for its design-led approach to residential development, and Costa Mare that philosophy with its coastal identity and architectural attention to detail. Al Marjan Island itself continues to attract significant interest from regional and international buyers drawn to its sea-facing land parcels, integrated resort infrastructure, and Ras Al Khaimah's positioning as an emerging luxury leisure and residential destination.
If you are evaluating this apartment alongside other waterfront and off-plan options across the Emirates, the 2026 buyer's shortlist of the best areas to buy off-plan property provides a structured comparison of leading communities by price band, developer pipeline, and demand drivers. For buyers new to the off-plan purchase process, the comprehensive off-plan apartments buyer's guide covers everything from SPA structures and escrow regulations to handover inspections — without the marketing gloss.
To browse additional off-plan projects currently listed across the UAE, or to view comparable residential inventory, use the on-page enquiry form to request a live pricing update and current availability.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,559.
Frequently Asked Questions
›What is the total area of this 2-bedroom apartment in Costa Mare Tower III?
The apartment has a total built-up area of 1,089 sqft — comprising 952 sqft of internal living space and 137 sqft of external area.
›What is the asking price and price per sqft for this Costa Mare Tower III apartment?
The listed price is AED 3,873,828, which equates to approximately AED 3,559 per sqft based on the total built-up area.
›What payment plan is available for this Ellington Properties apartment on Al Marjan Island?
The apartment is offered under a 70/30 payment plan — 70% payable during the construction phase and 30% due upon handover.
›What is the annual service charge for this Costa Mare apartment?
The service charge is AED 19 per sqft per year. For a unit of approximately 1,089 sqft, buyers can use this rate to estimate their annual maintenance cost.
›Who is the developer of Costa Mare Tower III on Al Marjan Island?
Costa Mare Tower III is developed by Ellington Properties, a Dubai-based developer recognised for its design-led residential projects.
›When is the handover date for this off-plan apartment?
Handover is scheduled under Ellington Properties' off-plan delivery programme. Prospective buyers should confirm the current completion timeline directly with the developer, as project schedules can be updated.
›Is this apartment freehold for foreign nationals?
[DATA NEEDED] — freehold or leasehold status for this specific unit has not been provided in the listing data. Please use the on-page enquiry form to confirm ownership rights applicable to your nationality.
