Al Marjan Island · Ellington Properties
Photos and renders of the building and grounds — not of this particular unit.
Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.
These are the starting prices as of the date shown, not today's list: off-plan they are revised several times a year, and more often upwards than down.
Figures come from the developer's own materials sent to brokers, dated 13 October 2026. The commentary behind them is written up in the Russian version of this page.
A residential building in Al Marjan Island, currently under construction. Developer — Ellington Properties.
Costa Mare is a residential building in Al Marjan Island.
The developer is Ellington Properties.
Layouts, according to the sales-launch announcement — studios, 1 and 2 bedrooms.
The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 12%.
An Ellington building on Al Marjan Island, Ras Al Khaimah, under construction: the developer starts one-bedrooms at AED 2.9 million, while our database has one-bedrooms from AED 2.1 million.
Costa Mare is an Ellington Properties residential building on Al Marjan Island in Ras Al Khaimah — the island where the UAE's first casino, Wynn, is being built. Status: under construction; launch layouts are studios, 1 and 2 bedrooms. Storeys, unit count and handover aren't given.
Per the developer's summary of 20 August 2026: one-bedrooms from AED 2,900,000, two-bedrooms from AED 3,500,000. A mailing of 13 May separately showed a 406.77 ft² studio at AED 1,481,828, but studios no longer appear in the general summary.
Our database has three lots, all below market: a one-bedroom of 629 ft² at AED 2.1 million (−16%), a one-bedroom of 761 ft² at AED 2,295,000 (−7%) and a two-bedroom of 1,095 ft² at AED 3,590,282 (−17%).
One-bedrooms in our database start well below the developer's starting price — most likely resales by early buyers. That's a more interesting entry than the price list, but the contract governs the assignment terms.
In its May mailing, Ellington included the building in a list with a guaranteed 7% yield. That's the developer's marketing promise, and only the contract wording can confirm it.
At launch in March 2025, studios were offered from about AED 1.2 million (around $327,000), with handover scheduled for Q3 2028. The launch price per foot was above neighbouring projects on the island.
Costa Mare is four towers with warm-toned facades that reference the Ras Al Khaimah mountains, five minutes by golf cart from the casino. Residents get their own beach, two floors of sports space — a padel court, a large gym and a sea-view yoga and Pilates studio on the 12th floor — and a spa with separate men's and women's areas, a hammam, a snow room and a rain room.
The scarcest layout is the two-bedroom with a study; penthouses with direct water views were sold separately.
Propsearch passport: developer Ellington Properties, status "under construction", Al Marjan Island. Ellington starting-price summary of 20 August 2026 and mailings of 11 and 13 May 2026. Our stock as of 21 September 2026: three lots in the project (size, price, discount). Launch price, handover date, complex layout and amenities — launch announcements, March 2025.
Ellington Properties.
Studios, 1-bedroom and 2-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.
The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 12%. Prices move every day, so it is worth asking for the current list for this building.
What has been written about the building, its developer and Al Marjan Island
Berkeley Tower is Ellington Properties' AED 2.8 billion office tower in Business Bay: 60 floors above ground, 109 offices, an indicative AED 4,300–4,800 per sq ft, a 70/30 payment plan and handover in Q3 2030.
Three emirates, three jobs. Dubai: 3.8 million people, liquidity and an exit in weeks. Abu Dhabi: freehold only in investment zones, living costs about 12% lower. Ras Al Khaimah: 64 km of beaches and a $5.7bn Wynn resort due in September 2027.
A Property Finder study puts the UAE’s top residential deal of 2026 at AED 200m for a villa in Al Shamkha, Abu Dhabi. Dubai’s ceiling is an AED 170m Palm Jumeirah villa and an AED 147m Jumeirah plot. In Ras Al Khaimah an Al Marjan apartment sold for AED 34m.
Knight Frank counts 175 branded residence schemes in Dubai: 68 live and 107 in the pipeline. Miami has 73, London 30. Abu Dhabi has 24 and Al Marjan Island 23. The UAE holds 19% of the global pipeline.
Wynn Al Marjan Island has unveiled its two largest suites, the Mayfair Apartment and the Paris Apartment, each about 1 460 sq m with seven bedrooms on the top floors of its 70-storey tower. They are hotel suites, not homes for sale. What they signal for Al Marjan property.
Ras Al Khaimah targets 3.5m visitors a year by 2030 (1.35m in 2025), wants to grow hotel stock from 8 700 to about 16 000 keys with 80% premium, and is building a terminal for 3m passengers by 2028. What it means for property buyers.
Wynn Al Marjan Island now opens in September 2027 instead of Q1, and the budget is up $600m to about $5.7bn. Licence granted by the GCGRA in October 2024, $2.4bn construction loan closed in February 2025. What the delay means for Al Marjan investors.
RAK Properties closed 2024 with revenue of AED 1.41bn (+40%) and net profit of AED 280.9m (+39%), but withheld its dividend to speed up construction ahead of the $5.1bn Wynn Al Marjan Island resort, now targeting a September 2027 opening. What it means for buyers on Al Marjan Island.
Ras Al Khaimah is building its own vertiport by Al Marjan Island, Uber and WeRide are already carrying driverless passengers in Jumeirah, and Abu Dhabi has signed on for electric Seaglider service. Status as of September 2026 on all three.
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Telegram is the fastest way — I answer personally.
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