Costa Mare Tower IV — 2-Bedroom Apartment on Al Marjan Island by Ellington Properties
Al Marjan Island·Developer: Ellington Properties
Description
A two-bedroom apartment within Costa Mare Tower IV on Al Marjan Island presents one of Ellington Properties' signature waterfront off-plan residences in Ras Al Khaimah. With a total built-up area of 1,235 sqft — comprising approximately 1,110 sqft of internal living space and a 125 sqft external area — the layout delivers a generous footprint that is notably above the typical two-bedroom benchmark for this coast.
The listed asking price is AED 4,264,828, equating to approximately AED 3,453 per sqft, with a structured 70/30 payment plan: 70% payable during construction and 30% on handover under Ellington's off-plan programme. Annual service charges are set at AED 19 per sqft per year, giving buyers a clear holding-cost baseline from day one. Buyers comparing this unit against a broader set of off-plan launches across the UAE may find the detailed breakdown in our off-plan apartments buyer's guide — a numbers-first walkthrough of costs, risks, and SPA structures a useful committing.
Al Marjan Island is Ras Al Khaimah's principal man-made island archipelago, anchored by an expanding hospitality and residential corridor. Costa Mare by Ellington Properties is positioned as a premium lifestyle development within this corridor, with Ellington's design sensibility — known for material palettes and considered layouts — carried through to each residence. The project is listed as off-plan with handover governed by Ellington's standard programme timeline; no specific handover date is confirmed in the current listing data.
For buyers assessing waterfront off-plan opportunities across the UAE, the 2026 shortlist of the best areas to buy off-plan property provides a location-by-location investment context that includes emerging corridors beyond Dubai's core. To explore the full range of off-plan projects currently tracked on this platform, visit the off-plan projects inventory.
Key figures at a glance:
- Property type: 2-bedroom apartment, off-plan
- Total area: 1,235 sqft (1,110 sqft internal + 125 sqft external)
- Price: AED 4,264,828 | AED 3,453/sqft
- Payment plan: 70/30
- Service charge: AED 19/sqft/year
- Developer: Ellington Properties
- Location: Costa Mare Tower IV, Al Marjan Island
- Amenities: [DATA NEEDED]
- Bathrooms: [DATA NEEDED]
- Handover date: [DATA NEEDED]
- Views: [DATA NEEDED]
- Freehold status: [DATA NEEDED]
Location on the Map
Open in Google MapsHighlights
Investment Insight
Payment Plan: 70/30 · Service Charge: AED 19/sqft/yr · Price per sqft: AED 3,453.
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 1,235 sqft, made up of approximately 1,110 sqft of internal living space and a 125 sqft external area.
›What is the asking price and price per sqft for this Costa Mare unit?
The listed asking price is AED 4,264,828, which works out to approximately AED 3,453 per sqft based on the total built-up area.
›How does the 70/30 payment plan work for Costa Mare Tower IV?
Under the 70/30 structure, 70% of the purchase price is paid in instalments during the construction phase, and the remaining 30% is due upon handover. Exact instalment milestones are governed by the Sales and Purchase Agreement issued by Ellington Properties.
›What are the service charges for this apartment?
The service charge is set at AED 19 per sqft per year. For this 1,235 sqft unit, that equates to an indicative annual service charge of approximately AED 23,468, though actual charges are confirmed in the RERA-registered service charge schedule.
›Who is the developer of Costa Mare, and where is Al Marjan Island located?
Costa Mare is developed by Ellington Properties, a Dubai-based developer known for design-led residential projects. Al Marjan Island is a man-made island archipelago situated in Ras Al Khaimah, one of the UAE's fastest-growing waterfront destinations.
›When is the handover date for Costa Mare Tower IV?
[DATA NEEDED] — no confirmed handover date is available in the current listing. Please use the on-page enquiry form for the latest project timeline from the developer.
›Is this apartment freehold for foreign buyers?
[DATA NEEDED] — freehold eligibility for foreign nationals is not confirmed in the current listing data. Buyers should verify tenure status directly with Ellington Properties or the relevant Ras Al Khaimah real estate authority.
