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

Costa Mare Tower III is one of Ellington Properties' signature waterfront developments on Al Marjan Island, and this 2-bedroom apartment represents a compelling entry into that project. The residence spans a total built-up area of 1,323 sq ft — comprising approximately 960 sq ft of interior living space and a generous 363 sq ft external area — delivering a practical split that suits both full-time residents and those who plan to use the property seasonally.

Listed at AED 4,459,828 (approximately AED 3,371 per sq ft), the unit is offered off-plan through a 70/30 payment plan: 70% payable during the construction phase and 30% on handover under Ellington's standard off-plan programme. The annual service charge is set at AED 19 per sq ft per year, giving buyers a clear baseline for ongoing ownership costs before committing. For a broader view of how Al Marjan Island compares to other destinations right now, the 2026 buyer's shortlist of the best areas to buy off-plan property provides useful market context.

Al Marjan Island is an archipelago of four coral-shaped islands extending into the Arabian Gulf off the coast of Ras Al Khaimah. The destination has attracted sustained developer attention over recent years, and Ellington Properties — known for design-led residential projects across the UAE — chose it as the site for the Costa Mare collection. The island's coastal character is central to what makes Costa Mare Tower III distinct within the current off-plan project pipeline.

Buyers assessing this apartment as a financial asset should approach the figures with the same discipline they would apply to any off-plan commitment. The price per sq ft, service charge, and payment schedule are the confirmed data points available at listing; handover timing and final specification details are governed by Ellington's project documentation. If you are new to structuring an off-plan purchase, the off-plan apartments buyer's guide — the one that skips the marketing and goes straight to the numbers — is worth reading before you progress to reservation.

No amenity list has been confirmed for this specific unit at the time of listing. Buyers requiring full facility schedules, floor plans, or handover timeline documentation should request these directly from the developer or via the on-page enquiry form.