Al Marjan Island · Ellington Properties
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 20 August 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.
Specifications for Costa Mare as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
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.
There is not a single lot in this project in the database right now — it is refreshed every night, and listings here appear and go.
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.
Lots for this project come and go, and the stock is topped up nightly. Message me — I will look through the closed bases and find the closest alternatives in Al Marjan Island.
Ask about this projectEllington 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.
Our database has no open listings for Costa Mare at the moment. I will check the price of the layout you want against the closed databases and send it together with the deal costs.
What has been written about the building, its developer and Al Marjan Island
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.
Ardee has poured foundations for its AED 2bn Fairmont Residences, while Richmind's Oystra — with a curved steel truss designed by Zaha Hadid Architects — sold out its first phase and launched a second. Here is what is actually under construction on the island next to the Wynn resort.
Ras Al Khaimah Municipality registered about AED 2.89bn ($787m) of property transactions in January–June 2026: AED 1.35bn of sales, AED 1.16bn of mortgages and AED 0.38bn of transfers without payment. CBRE puts apartment prices up 18% on the year, and 23% on Al Marjan Island.
Wynn Al Marjan opens in September 2027, and branded homes around it deliver in the same window: W Residences from AED 1m, Jacob & Co Residences (223 units, AED 300m sold in 12 hours), 141 Sheraton residences and Park Beach Residences 2. Where the risk sits.
A company that builds few buildings and competes on architecture and floor plans. What the boutique format gives on quality and costs on liquidity, and what needs checking with a smaller developer.
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.
Message on Telegram
