Costa Mare Tower IV | 2-Bedroom Apartment on Al Marjan Island by Ellington Properties

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.