Costa Mare
Off-Plan

Costa Mare

From AED 2.84M·Handover Sep 2028·20% down payment Payment
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AED 2.84M
Starting Price
Sep 2028
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Costa Mare is a luxury waterfront development on Al Marjan Island, Ras Al Khaimah, by Ellington Properties. Four towers rising to the top form an elegant architectural ensemble. The first, a sixteen-story tower, offers fifteen floors of living space and 2 basement levels. The other 3 towers have twenty residential floors and 2 basement levels, hidden from prying eyes. A special feature of the complex is its unique landscaping, which takes up an entire floor. Thanks to this, each residence boasts impressive panoramic views of the bay. There are over 900 meticulously designed residences: 1-4 bedroom apartments, exclusive beach villas and impressive six-bedroom penthouses. All residences are characterized by modern interiors, and high-tech “smart home” solutions provide maximum comfort and convenience. Costa Mare is an amazing place where you can enjoy the beauty of nature and relax from the hustle and bustle of the city. Residents of the project can enjoy swimming pools, saunas, yoga studios, barbecue area and children's playgrounds. For recreation there is a private beach with sea breeze. From the complex to Al Hamra Mall - 12 minutes, to RAK Central - 13 minutes, to Royal Yacht Club of Ras Al Khaimah - 20 minutes, to RAK Mall - 30 minutes, to Sharjah International Airport - 50 minutes and to Dubai International Airport - 60 minutes.

Project Specifications
DeveloperEllington Properties
LocationAl Marjan Island
Unit Types1 BR, 2 BR, Apartments
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 122,754 / year
Cash-on-Cash
2.2%
Levered cashflow AED 28,875
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 184,914 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Costa Mare launch basis3,161AED 2.84MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Costa Mare official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Costa Mare — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Cinema
Club house
Covered Parking
Dining outlets (coffee houses & restaurants)
Dog walking area
Infinity pool
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Meditation zone
Outdoor cinema
Paddle court
Parking
Private Jacuzzi
Private beach access
Recreational areas
Retail outlets
SPA
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Storage Areas
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

Costa Mare by Ellington Properties

02

Located in Al Marjan Island

03

Starting from AED 2,844,828

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Sep 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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