Costa Mare Tower IV | 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
Positioned within Costa Mare Tower IV — part of the acclaimed Costa Mare development by Ellington Properties on Al Marjan Island — this 2-bedroom apartment offers a total built-up area of 1,282 sq ft, made up of approximately 1,128 sq ft of internal living space and 155 sq ft of external area. Priced at AED 4,580,828 (approximately AED 3,572 per sq ft), the residence sits within Ellington's signature off-plan programme, where the developer's design-forward approach is a consistent point of differentiation across its portfolio.
The listing is offered directly from the developer under a 70/30 payment plan, meaning 70% is payable during the construction phase and the remaining 30% falls due at handover. The annual service charge is AED 19 per sq ft per year — buyers should factor this into their holding-cost calculations alongside the purchase price. Freehold status, handover timeline, and specific finish specifications are [DATA NEEDED] and should be confirmed directly with the developer before reservation.
Al Marjan Island is a man-made archipelago in Ras Al Khaimah that has drawn increasing attention from off-plan buyers and long-term investors alike, in part due to major hospitality and entertainment announcements in the emirate. For buyers weighing this location against other growth corridors, our article on the best areas to buy off-plan property in Dubai and the wider UAE in 2026 provides a structured comparison of emerging and established markets.
If you are new to off-plan acquisitions or want a factual breakdown of how staged payment structures, escrow arrangements, and handover obligations work, the off-plan apartment buyer's guide that goes straight to the numbers is a practical starting point before committing to any reservation.
To explore other available residences across Ellington's current off-plan releases and compare this unit against the broader market, visit the off-plan projects inventory on this platform.
Location on the Map
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,572.
Frequently Asked Questions
›What is the total size of this 2-bedroom apartment in Costa Mare Tower IV?
The apartment has a total built-up area of 1,282 sq ft, comprising approximately 1,128 sq ft of internal living space and 155 sq ft of external area.
›What is the asking price and price per sq ft for this Costa Mare apartment?
The listed asking price is AED 4,580,828, which equates to approximately AED 3,572 per sq ft based on the total built-up area.
›How does the 70/30 payment plan for Costa Mare Tower IV work?
Under the 70/30 structure, 70% of the purchase price is paid in instalments during the construction period, and the remaining 30% is due at the time of handover. Exact instalment milestones should be confirmed with Ellington Properties directly.
›What is the annual service charge for Costa Mare by Ellington on Al Marjan Island?
The listed service charge is AED 19 per sq ft per year. For this apartment's 1,282 sq ft, that equates to a total annual service charge of approximately AED 24,364, subject to confirmation by the developer.
›Is the apartment in Costa Mare Tower IV available on a freehold basis?
Freehold status for this specific unit has not been confirmed in the available listing data. Buyers should verify ownership structure directly with Ellington Properties before proceeding.
›When is the expected handover date for Costa Mare Tower IV?
A specific handover date has not been provided in the current listing information. This is classified as [DATA NEEDED] and must be confirmed with Ellington Properties as part of the reservation process.
›Where is Al Marjan Island located and why is it attracting off-plan buyers?
Al Marjan Island is a man-made archipelago located in Ras Al Khaimah, UAE. It has attracted growing interest from off-plan investors due to significant hospitality and entertainment investment announcements in the emirate. For a broader market comparison, see the article on the best areas to buy off-plan property in the UAE.
