Costa Mare – Tower 3

Al Marjan Island, Ras Al Khaimah | By Ellington Properties

Introduction

While Costa Mare spans four towers and nine hundred residences across every configuration, Tower 3 is built around apartment living done properly: studios through to three bedrooms, each sitting inside a beachfront building on Al Marjan Island with the Arabian Gulf as a permanent fixture outside every window.

Prices start from AED 2.8 million, with two bedroom apartments from AED 4 million. Handover targets September 2028, construction started February 2025, and ownership is freehold. The payment structure is a clean 20 / 50 / 30 split across eight construction milestones. For buyers focused specifically on off plan apartments in Al Marjan Island from a developer with Ellington’s track record, Tower 3 is the sharpest entry point into the project.

Why Investors Like It

Ellington Properties brings finish quality and brand credibility to Al Marjan Island that resets what waterfront apartments in Ras Al Khaimah can command in the rental market. The tenant pool for a well finished beachfront Ellington apartment is broader and better qualified than for a generic island development, and that translates directly into yield.

Rental demand on Al Marjan runs on two tracks: short term holiday lets from island visitors, and longer term leases from professionals and families priced out of Dubai. Tower 3’s unit mix covers both pools cleanly. Studios for short term yield, one and two beds for the professional tenant, three beds for relocating families.

Investment apartments in Al Marjan Island at Tower 3’s current pricing still carry genuine appreciation potential before the September 2028 handover. Supply of quality stock from credible developers on the island remains constrained relative to the demand building behind it.

Enquiry and Final Thoughts

Tower 3 at Costa Mare suits a buyer who wants the Al Marjan Island story in its most focused residential form. Well sized apartments, a beachfront address, a developer who delivers, and pricing that still makes sense before the handover premium arrives.

The build is live. The plan is clean. September 2028 is the horizon.

If you want a curated unit shortlist, current pricing across all configurations, or a projected yield breakdown matched to your goals, get in touch directly. Ellington launches do not stay at opening prices once the market catches up with what is being built here.