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 residential towers within Costa Mare, Ellington Properties' waterfront development on Al Marjan Island in Ras Al Khaimah. This two-bedroom apartment offers a total built-up area of 1,290 sqft, composed of 942 sqft of internal living space and a 347 sqft external area — a layout that balances generous indoor comfort with dedicated outdoor space.
The listing price is AED 4,428,828, equating to approximately AED 3,434 per sqft, and the residence is offered directly from the developer as an off-plan unit. Buyers benefit from a 70/30 payment plan — 70% payable during construction and 30% on handover — structured to spread commitment across the build timeline. The annual service charge is set at AED 19 per sqft per year, which for this unit translates to an estimated annual service fee based on the total built-up area.
Al Marjan Island is an archipelago of four coral-shaped islands on the Ras Al Khaimah coastline, offering seafront living within roughly an hour's drive of central Dubai. The island has attracted significant developer interest and is among the locations discussed in our 2026 buyer's shortlist of the best areas for off-plan property in the UAE. Buyers new to the off-plan acquisition process may also find practical context in the off-plan apartments buyer's guide covering due diligence, payment structures, and what the numbers actually mean.
Ellington Properties is a design-led Dubai developer with a portfolio spanning villa and apartment communities. To explore other off-plan releases currently tracked on this platform, visit the full off-plan projects inventory.
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Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,434.
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 1,290 sqft, comprising 942 sqft of internal living space and 347 sqft of external area.
›What is the asking price and price per sqft for this Costa Mare unit?
The listed price is AED 4,428,828, which equates to approximately AED 3,434 per sqft 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 payable during the construction phase and the remaining 30% is due upon handover. Buyers should confirm the specific instalment schedule directly with Ellington Properties or through the platform's enquiry form.
›What is the annual service charge for this apartment?
The service charge is AED 19 per sqft per year. Applied to the total built-up area of 1,290 sqft, this produces an estimated annual service fee — buyers should factor this into their holding cost calculations.
›Is this property freehold, and who is the developer?
The developer is Ellington Properties. Freehold eligibility for Al Marjan Island units is [DATA NEEDED] — buyers should verify ownership rights and title terms with the developer or relevant Ras Al Khaimah authority before proceeding.
›When is the handover date for Costa Mare Tower IV?
A specific handover date is [DATA NEEDED] for this listing. The unit is listed as off-plan under Ellington Properties' off-plan programme. Prospective buyers should request the latest construction timeline from the developer.
›Where is Al Marjan Island located, and how far is it from Dubai?
Al Marjan Island is a man-made archipelago on the coastline of Ras Al Khaimah, located approximately one hour's drive from central Dubai, depending on traffic and route. It sits on the Arabian Gulf and is known for its seafront positioning.
