Costa Mare, Al Marjan Island: Ellington on Ras Al Khaimah's Waterfront
Costa Mare is a four-tower residential development by Ellington on Al Marjan Island in Ras Al Khaimah. Construction started in February 2025, with handover targeted for September 2028. The product mix spans apartments, duplexes, penthouses, and villas, giving the development a range that covers entry-level investors through to buyers seeking large-format units.
Al Marjan Island: What This Address Means in Practice
Al Marjan Island is a man-made archipelago extending into the Arabian Gulf off the northern coast of Ras Al Khaimah. The island's structure creates a physical separation from the mainland, translating to a quieter environment without through traffic. Getting to central Dubai takes roughly 45 to 60 minutes by car. Business Bay and Downtown Dubai are about an hour away under typical conditions.
The location suits two buyer profiles. End-users who want island surroundings get waterfront access without the density of Dubai's busier island developments. Investors get a waterfront address in Ras Al Khaimah at a price point that sits below comparable product in Dubai, with the commute to Dubai's employment hubs as the main practical variable.
AED 2.78M to AED 4.32M: Entry Apartments to Premium Two-Bedrooms
Priced inventory runs from AED 2,775,828 to AED 4,318,828. One-bedroom units at 840 sq ft open at AED 2.78M, implying roughly AED 3,300 per sq ft at entry. Two-bedroom apartments span 1,097 to 1,530 sq ft and are priced from AED 3.37M to AED 4.32M, with per-square-foot values ranging from AED 2,820 to AED 3,070 depending on layout and tower.
The 56% spread from floor to ceiling reflects genuine size and position differences across four towers rather than a single outlier. A buyer at AED 2.78M gets a compact one-bedroom on an island waterfront. A buyer at AED 4.32M is acquiring a larger two-bedroom in a more favorable position within the complex.
From One-Bedrooms to a 14,000 sq ft Penthouse
| Property Type | Bedrooms | Size Range |
|---|---|---|
| Apartment | 1–3 BR | 840–1,982 sq ft |
| Duplex | 1–4 BR | 1,321–5,471 sq ft |
| Villa | 5 BR | ~7,735 sq ft |
| Penthouse | 6 BR | ~13,759 sq ft |
The apartment formats serve the widest pool of buyers: investors targeting rental income, couples, and small families comfortable with lateral living. Duplexes span a wide size range, from a 1-bedroom at 1,321 sq ft up to a 4-bedroom at over 5,400 sq ft, covering families who want floor-over-floor living. The 5-bedroom villas at ~7,735 sq ft and the 6-bedroom penthouse at nearly 14,000 sq ft are large-format options for buyers where space is the primary criterion.
An Amenity Set Built for Residents, Not Visitors
| Category | Amenities |
|---|---|
| Fitness & Leisure | Indoor Swimming Pool, Gymnasium |
| Outdoor & Landscaping | Landscaped Gardens, Children's Play Area |
| F&B & Security | Restaurants, CCTV Security |
Six amenities is lean rather than extensive, but the selection is deliberate. On a waterfront development, outdoor swimming is the natural baseline; the indoor pool here extends year-round usability regardless of weather. The on-site restaurants reduce dependency on driving off the island for dining, which matters more in an island setting than in a mainland urban development. The overall set points toward a permanent residential community rather than a holiday complex.
Getting In for 20%: Three and a Half Years to Handover
Construction started in February 2025, with handover expected in September 2028. Off-plan buyers entering now are looking at approximately 3.5 years to completion.
| Stage | Payment |
|---|---|
| Down payment | 20% |
| During construction | 50% |
| At handover | 30% |
The 20% down payment is a standard entry for off-plan in this market, representing AED 555,166 on the minimum-priced unit. The construction phase carries 50% of the purchase price in staged installments across the build timeline. The 30% due at handover is the largest single outlay, falling when the unit becomes ready to occupy or rent.
