Costa Mare

Costa Mare by Ellington Properties

Costa Mare is developed by Ellington Properties, the design-led developer behind several Ras Al Khaimah beachfront addresses including Playa Del Sol, Cala Del Mar and Soto Grande. Costa Mare Ellington Properties represents the brand's largest Al Marjan Island development to date, spanning four interconnected towers and 941 residences, compared with Ellington's smaller single-tower projects elsewhere on the island.

Key Project Details

• Project: Costa Mare by Ellington Properties
• Location: Island 2, Al Marjan Island, Ras Al Khaimah
• Property type: Freehold beachfront residences
• Building: Four interconnected towers with two basement levels and approximately 20 floors
• Total residences: 941
• Unit types: Studios, 1, 2 and 3-bedroom apartments, duplexes and 5-bedroom podium villas
• Current developer availability: Only a few 2-bedroom apartments remaining
• Other availability: Subject to resale listings
• Furnishing: Unfurnished
• Private beach: Yes
• Short-term rentals: Permitted, subject to licensing and building rules
• Pet friendly: Yes, subject to community regulations
• Payment plan: 70/30
• Post-handover payment plan: No
• Resale: Permitted after 30% has been paid
• Expected completion: Q3 2028
• Indicative service charge: AED 19 per sq. ft. annually
• Current promotion: 7% net annual ROI for 4 years on qualifying 2-bedroom units, subject to availability

Residences and Unit Types

Costa Mare offers a broad residential mix across four towers. The original selection ranges from studios to large duplexes and podium villas.

Property types within the development include:

• Studio apartments
• 1-bedroom apartments
• 2-bedroom apartments
• 2-bedroom plus study apartments
• 3-bedroom apartments
• 1, 2 and 3-bedroom duplexes
• 5-bedroom podium villas

Current direct developer availability is limited to only a few remaining 2-bedroom residences. Buyers interested in studios, 1-bedroom apartments, 3-bedroom properties, duplexes or villas should enquire about resale availability.

The residences include floor-to-ceiling windows and private balconies, with views depending on the tower, floor and orientation. Selected units face the Arabian Gulf, while others overlook the island, landscaped areas or surrounding community.

Interior specifications include:

• Oak flooring in bedrooms
• Built-in wardrobes with soft-close drawers
• Custom kitchen cabinetry
• Integrated kitchen appliances
• Stone island counters in selected layouts
• Branded bathroom fixtures
• Artisanal tiling and fitted medicine cabinets

Homes are delivered unfurnished. Resale buyers should check whether the original owner has added furniture, upgrades or modifications.

Private Beach and Amenities

Costa Mare includes a resort-scale collection of amenities built around its direct private beach and shared landscaped hub. The four towers are connected around a central lifestyle level, allowing residents to access pools, social areas and wellness facilities within the development.

Main amenities include:

• Direct private beach access
• Ground-level leisure pool
• Elevated family pool
• Lap pool
• Indoor climate-controlled pool
• Pool bar
• Residents' club lounge
• Indoor cinema
• Children's play area
• Teens club
• Nursery and baby-changing facilities
• Ocean-facing fitness center
• Outdoor fitness stations
• Coastal running track
• Yoga studio
• Spa, sauna and jacuzzi
• Paddle tennis court
• Sky lounge
• Private dining room
• Landscaped social spaces
• AI-supported concierge service

The project is pet friendly, subject to the final community and building-management rules.

Architecture and Design

Costa Mare is designed around the contrast between the Hajar Mountains and the Arabian Gulf.

The exterior uses earthy colors and locally influenced textures to connect the architecture with Ras Al Khaimah's coastal environment. Bridges link the four towers, creating a connected residential community rather than four separate buildings.

A central landscaped level brings together pools, greenery, social areas and walking spaces. This design gives residents access to shared facilities while maintaining separate residential towers.

Payment Plan and Resale

The original payment plan requires 70% during construction and 30% at handover. There is no post-handover payment plan.

Key commercial details include:

During construction: 70%

• At handover: 30%
• Expected handover: Q3 2028
• Resale threshold: After 30% of the purchase price has been paid
• Service charge: Approximately AED 19 per sq. ft. annually
• Current availability: Only a few 2-bedroom developer units remaining, plus resale properties
• Short-term rentals: Permitted, subject to applicable approvals

Resale buyers should compare the original purchase price, amount already paid, seller premium and remaining developer installments before deciding. The 4% Ras Al Khaimah property registration fee is normally payable by the buyer before handover unless the developer confirms a waiver or special promotion in writing.

7% Net ROI Promotion

Costa Mare currently offers a 7% net annual ROI for four years after handover on qualifying units. This promotion applies to the limited 2-bedroom apartments still available directly from the developer, since only a small number of 2-bedroom units remain in developer stock.

The offer may appeal to buyers who want greater income visibility during the first four years of ownership. However, it should not be treated as applying automatically to every property, and eligible units are limited.

Buyers should confirm:

• Which 2-bedroom units qualify
• When the four-year return period begins
• Whether the return is calculated on the full purchase price
• Payment and handover conditions
• Owner-use restrictions
• Short-term rental restrictions during the return period
• Treatment of service charges and maintenance costs
• Early resale conditions
• The company providing the return commitment

All ROI terms should be included in the reservation form, sale and purchase agreement or a separate signed addendum.

Investment Considerations

Costa Mare may appeal to buyers seeking an Ellington-developed residence with direct private beach access on Al Marjan Island.

Potential advantages include:

• Design-led development by Ellington Properties
• Direct private beach access
• Four interconnected residential towers
• Extensive resort-style amenities
• Only a limited number of 2-bedroom units remaining from the developer, offering a scarcity-led entry point
• Other property types potentially available through resale
• Short-term rental flexibility
• Resale permitted after 30% has been paid
• Current 7% net ROI offer for four years on qualifying 2-bedroom units
• Q3 2028 expected completion

The ROI promotion may provide income visibility, but buyers should still compare the total purchase price, service charge, view, unit size, payment status and resale terms. Because only a few 2-bedroom units remain directly from the developer, buyers interested in the current promotion should confirm live availability before committing.

Who Should Consider Costa Mare?

Costa Mare may be suitable for:

• Buyers seeking a beachfront apartment on Al Marjan Island
• Investors interested in the current 7% net ROI offer on a limited number of remaining 2-bedroom developer units
• Buyers looking to secure one of the few remaining 2-bedroom apartments from the developer
• Resale buyers searching for other layouts
• Investors interested in short-term rental flexibility
• End users prioritizing a private beach and resort amenities
• Families seeking children's facilities and larger shared spaces
• Pet owners looking for a pet-friendly development
• Buyers comparing Ellington Properties with other branded and design-led developers

Why Costa Mare Stands Out

Costa Mare by Ellington stands out as the brand's largest Al Marjan Island project, combining direct private beach access, a large amenity collection and Ellington Properties' design-focused approach.

The four connected towers create a shared residential environment with pools, landscaped areas, wellness facilities and social spaces. The current 7% net annual ROI promotion, available on a limited number of remaining 2-bedroom units, may further distinguish Costa Mare from competing properties for investors seeking income visibility.

The main consideration is availability. Direct developer inventory is now down to only a few 2-bedroom apartments, while buyers looking for other unit types will need to monitor the resale market.

Compare Costa Mare on RAKcompare

Costa Mare Al Marjan Island is listed on RAKcompare to help buyers compare its remaining 2-bedroom developer units and available resale properties with other beachfront developments across Al Marjan Island and Ras Al Khaimah.

On RAKcompare, buyers can compare Costa Mare by developer, location, unit type, resale price, payment status, furnishing, service charge, private beach access, short-term rental rules, resale eligibility, completion date and qualification for the 7% net ROI offer.

Buyers can also compare Costa Mare with Shoreline, Oystra, Nikki Beach Residences, Karl Lagerfeld Beach Residences, Address Residences, Fairmont Residences and JW Marriott Residences by price, developer reputation, beach access, payment plan, furnished delivery, rental flexibility, handover date and long-term investment potential.

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