Costa Mare by Ellington Properties is a waterfront development on Al Marjan Island comprising four towers with 900 residences. Units range from studios to 6-bedroom penthouses and 5-bedroom villas, all offering Arabian Gulf views. The project is scheduled for completion in September 2028, with starting prices from AED 2,775,828.
Situated on Al Marjan Island in Ras Al Khaimah, the development offers sea views and direct beach access. The location provides connectivity to major highways and proximity to beaches, golf courses, resorts, shopping centers, and dining venues.
Residences feature floor-to-ceiling windows, high-end finishes, and smart home technology. The development includes studios, 1–3 bedroom apartments, 1–4 bedroom duplexes, 6-bedroom penthouses, and 5-bedroom beachfront villas with layouts from 385 to 13,759 sq ft.
Costa Mare includes private beachfront access with cabanas, infinity-edge pools, outdoor cinema, social lounges, fitness center, spa, children's play areas, landscaped gardens, sports facilities, and on-site retail. 24/7 security and concierge services are provided.
The development is offered on a freehold basis. The payment plan is structured as 20% down payment, 50% during construction in eight installments, and 30% on handover. The project targets buyers seeking coastal living, vacation homes, or investment opportunities in Ras Al Khaimah.
Costa Mare by Ellington in Al Marjan Island, Dubai is scheduled for handover in Q3 2028 (July–September 2028). Construction is estimated at ~25% based on the developer's reported phase.
The headline payment plan for Costa Mare is 20/50/30. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.
Costa Mare offers 24 unit types:
Estimated gross rental yield: 8% p.a., benchmarked against current Al Marjan Island rental data. Entry pricing works out to AED 202 – 11,218 per sqft, with estimated capital appreciation of 14% to handover.
~25% — estimated from construction phase.