
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Costa Mare launch basis | 3,161 | AED 2.84M | Current launch / asking basis |
| Al Marjan Island ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Al Marjan Island premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























Costa Mare official render 1

Costa Mare official render 2

Costa Mare official render 3

Costa Mare official render 4

Costa Mare official render 5

Costa Mare official render 6

Costa Mare official render 7

Costa Mare official render 8

Costa Mare official render 9

Costa Mare official render 10
Astraterra Properties
Download official marketing materials from Ellington Properties.
Contact us for detailed payment schedule and milestones
Need a detailed payment schedule?
Our advisors provide full milestone breakdowns at no cost.
Al Marjan Island
Costa Mare by Ellington Properties
Located in Al Marjan Island
Starting from AED 2,844,828
Unit mix includes 1 BR, 2 BR, Apartments
Expected handover: Sep 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
High-ticket buyer routing · Branded / luxury filtering · Serious capital only
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
Register Your Interest