Costa Mare – Tower 2
Al Marjan Island, Ras Al Khaimah | By Ellington Properties
Introduction
Tower 2 at Costa Mare makes the case for Al Marjan Island in the most direct terms possible. Starting from AED 2,506,828, it puts you into a beachfront Ellington building on the Arabian Gulf with a Q3 2028 handover, a 20 / 50 / 30 payment plan, and a freehold title that is open to both UAE residents and international buyers.
The unit mix in Tower 2 is deliberately focused: studio to 2 bedroom apartments and 3-bedroom duplexes sized and priced for investors who want a clean yield play and end users who want a genuine waterfront home without the overhead of a larger configuration. Ellington brings 89 completed projects to this one. The delivery confidence is not theoretical.
Why Investors Like It
The investment case for Costa Mare Tower 2 rests on three converging factors that rarely align this cleanly in a single project.
First, Ellington’s finish quality commands a rental premium over generic island developments that directly impacts yield. Second, the Wynn Resort proximity creates a short-term rental demand driver that is unique to this pocket of Al Marjan Island. Third, beachfront freehold stock at AED 3,492 per square foot is still meaningfully below comparable Dubai waterfront pricing, and that gap narrows as the island’s profile rises.
Projected annual rental yields of 8 to 10% are realistic for a well-managed one bedroom in this location, particularly once the Wynn opens and short-term demand on the island increases substantially. For a two bedroom targeting the family vacation market, occupancy rates and nightly rates both trend higher than the island average.
Enquiry and Final Thoughts
Tower 2 suits a buyer who wants the Al Marjan Island story with the clearest numbers attached. Starting from AED 2,506,828, a milestone-linked payment plan, a Q3 2028 handover, and a location two minutes from the most anticipated resort opening in the UAE make this one of the more straightforward investment conversations in the current market.
If you want current unit availability, a full payment schedule breakdown, or a personalised yield projection for your preferred configuration, get in touch directly. At AED 3,492 per square foot on a beachfront Ellington building this close to the Wynn, the window at this pricing does not stay open indefinitely.
