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 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.