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⭐ More details about the project here: https://insiderealty.ae/en/projects/ellington-costa-mare-on-al-marjan-island-ras-al-khaimah?utm_source=youtube
Today, we’re taking a closer look at Costa Mare, a new project by Ellington. This is the first beachfront project by Ellington on Al Marjan Island. Our portfolio manager, Alex, has been discussing this development for months. Now, we finally have detailed insights on the concept, pricing, and floor plans. In this video, Alex will break down the investment potential of Costa Mare.
This analysis is particularly valuable for investors. Ras Al Khaimah has become a key global investment hotspot due to the upcoming Wynn Casino. Recently, the UAE government officially granted a commercial gaming license, confirming the casino’s launch and eliminating any uncertainty. With no risks remaining, the area has become even more attractive for investors.
The island hosting the Wynn Casino is set to feature only 27,000 residential and hotel units, while projections estimate 300,000–400,000 monthly visitors to the region. This means that for every potential tenant, there will be 10 times fewer available units, creating a strong demand for rentals.
Now, let’s talk about why Costa Mare stands out among other developments in the area. The key factor here is location. Costa Mare is the closest project to Wynn Casino and offers a private beach. It’s just a 10-minute walk to the casino, making it one of the most premium locations in Ras Al Khaimah. That’s why property prices in this development are significantly higher than previous Ellington projects in the area.
Previously, the price per square meter in Ellington’s developments on Al Marjan Island ranged from AED 2,000 to 2,500. In Costa Mare, the price starts from AED 3,000 to 3,500.
In this Inside Realty breakdown, Alex will cover:
✺ Expected rental yield from apartments in Costa Mare
✺ How Costa Mare differs from other projects on Al Marjan Island
✺ Which apartment types will be in the highest demand and why
✺ Why Costa Mare will attract tenants and what makes Ellington’s latest project unique
Watch the full analysis to see whether Costa Mare is the right investment for you.
Join our Telegram for unique project reviews and market insights: https://t.me/insiderealty_ae
Follow us on Instagram: https://www.instagram.com/insiderealty.ae
Video Content:
00:02 - Introduction: Overview of Costa Mare by Ellington
00:10 - Why I’ve been discussing this project for months
00:18 - Investment vs. end-user market in Ras Al Khaimah
00:30 - Who buys property in RAK? Investor vs. resident ratio
00:40 - Why Costa Mare stands out in this location
00:50 - Project location: Near the casino, private beach access
01:05 - Price growth: 50% increase in one year
01:15 - Why Ellington’s pricing has risen
01:25 - The impact of UAE’s gaming license approval
01:40 - Rental income potential: 10-15% ROI
01:55 - Supply vs. demand: 27,000 units vs. 400,000 monthly visitors
02:10 - Which unit types will perform best?
02:25 - Why I don’t recommend studios or one-bedroom units
02:40 - Who is the target tenant in RAK?
02:55 - Private jet terminal and luxury market growth
03:10 - Wynn Casino’s exclusivity clause: No competition for 5-10 years
03:25 - Future casinos: Why Dubai is more likely than Abu Dhabi
03:40 - Tourism projections: 4-5 million visitors post-casino opening
03:55 - Master plan expansion: More than just gaming
04:10 - Amenities at Costa Mare: What makes it unique?
04:25 - Best unit selections: Open views and resale potential
04:40 - Why social media and amenities matter for rentals
04:55 - Floor plan breakdown: Key buildings and price variations
05:10 - Why three-bedroom and larger units are better investments
05:25 - Walkability to the casino and its impact on value
05:40 - Expected price growth in the next few years
05:55 - Comparison to past Ellington projects in RAK
06:10 - Why payment plans have changed from 50/50 to 70/30
06:25 - Customizing the payment plan for my clients
06:40 - Investment rating: My final verdict on Costa Mare
06:55 - How to get the best unit in the project
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