Costa Mare Tower IV | 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
Costa Mare Tower IV is one of the latest additions to Costa Mare by Ellington Properties, the developer's signature residential collection on Al Marjan Island — Ras Al Khaimah's man-made archipelago stretching into the Arabian Gulf. This two-bedroom apartment offers a total built-up area of 1,442 sq ft, composed of 1,128 sq ft of internal living space and a 314 sq ft external terrace, giving the layout a generous indoor-outdoor flow that distinguishes it from comparable units in the broader off-plan market.
The asking price is AED 5,123,828, translating to approximately AED 3,554 per sq ft — a figure that prospective buyers should benchmark against current market comparables in the community before proceeding. An indicative service charge of AED 19 per sq ft per year applies, placing annual running costs at approximately AED 27,393 on the full built-up area; buyers should confirm the final figure with the developer or RERA's service charge register. The project is delivered under a 70/30 payment plan: 70% payable during construction milestones and 30% on handover, which is structured to ease capital deployment across the construction timeline.
Ellington Properties is known for boutique-quality finishes and design-led interiors, a hallmark visible across their Dubai and UAE portfolio. Costa Mare continues that philosophy in a waterfront context — Al Marjan Island offers direct island access and is one of the most actively developing addresses in the northern emirates. Buyers considering this apartment alongside other off-plan opportunities across the UAE may find context useful in the 2026 buyer's shortlist of the best areas to buy off-plan property in Dubai and the UAE.
For buyers new to the off-plan purchase process in the UAE, understanding the full financial picture — from instalment schedules to RERA escrow protections — is essential before committing. The buyer's guide to off-plan apartments in Dubai covers the numbers and contractual framework in detail, making it a practical evaluating this type of structured payment acquisition.
This listing is sourced directly from the developer. To review additional off-plan releases across Ras Al Khaimah and Dubai, browse the full off-plan projects inventory.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,554.
Frequently Asked Questions
›What is the total area of this 2-bedroom apartment in Costa Mare Tower IV?
The apartment has a total built-up area of 1,442 sq ft, made up of 1,128 sq ft of internal space and a 314 sq ft external terrace.
›What is the asking price and price per sq ft for this Costa Mare Tower IV apartment?
The listed asking price is AED 5,123,828, which equates to approximately AED 3,554 per sq ft on the total built-up area.
›How does the 70/30 payment plan work for this off-plan apartment?
Under the 70/30 structure, 70% of the purchase price is paid in instalments tied to construction milestones during the build phase, with the remaining 30% due at handover. Buyers should confirm the exact instalment schedule directly with Ellington Properties.
›What is the estimated annual service charge for this apartment?
An indicative service charge of AED 19 per sq ft per year has been stated for Costa Mare. On the full built-up area of 1,442 sq ft, this implies approximately AED 27,393 per year. Buyers should verify the final registered figure with the developer or through RERA's service charge register.
›Who is the developer of Costa Mare Tower IV on Al Marjan Island?
Costa Mare is developed by Ellington Properties, a UAE-based developer recognised for design-led residential projects.
›Where is Al Marjan Island located and what type of community is it?
Al Marjan Island is a man-made archipelago in Ras Al Khaimah, extending into the Arabian Gulf. It is an actively developing waterfront destination in the northern emirates of the UAE.
›Is this listing sourced directly from the developer?
Yes, this listing is sourced directly from the developer, Ellington Properties.
