Costa Mare Payment Plan: Every Instalment Explained
Costa Mare's payment plan runs 20% at booking (plus a 3,000 AED RERA fee), 10% at 90 days, 10% at 180 days, 5% at each construction milestone from 20% to 70%, and 30% at handover plus 4% for title registration. Handover is Q3 2028.
Costa Mare's payment plan has more steps than most projects on Al Marjan Island: 20% at booking plus a 3,000 AED RERA fee, 10% at 90 days, 10% at 180 days, then 5% at each of six construction milestones (20%, 30%, 40%, 50%, 60% and 70% progress), and finally 30% at handover plus a further 4% for title registration. Handover is set for Q3 2028, and price is on request.
The full schedule, step by step
| Stage | Amount |
|---|---|
| Booking | 20% of price, plus a 3,000 AED RERA fee |
| 90 days after booking | 10% |
| 180 days after booking | 10% |
| At 20% construction progress | 5% |
| At 30% construction progress | 5% |
| At 40% construction progress | 5% |
| At 50% construction progress | 5% |
| At 60% construction progress | 5% |
| At 70% construction progress | 5% |
| At handover (Q3 2028) | 30% |
| At handover, for title registration | an additional 4% |
Each line above is a separate instalment as published on the fiche; your adviser confirms the running total due at any given point once a specific unit price is set.
Why Costa Mare ties payments to construction milestones
Unlike a simple 20/80 or 30/70 split, Costa Mare's six 5% instalments are each tied to a specific percentage of construction progress rather than a fixed date. That means the pace of payment follows the pace of the build: if construction runs ahead of or behind schedule, the instalment dates shift with it, which your adviser tracks against the project's actual progress reports.
The 3,000 AED RERA fee and the 4% title fee
Costa Mare is the one project in Orven's Ras Al Khaimah collection that publishes a specific RERA fee figure (3,000 AED, due at booking) and a specific title registration percentage (4%, due at handover) on its own fiche. Other RAK off-plan projects describe their registration costs only as "to be confirmed," which makes Costa Mare's published figures worth noting if you are comparing total cost across projects on Al Marjan Island.
How Costa Mare's schedule compares with a simpler plan elsewhere
A project with a straightforward 20/80 or 30/70 plan asks a buyer to track only two dates. Costa Mare's eleven separate lines, spanning booking, two fixed-date instalments, six milestone-based instalments and two handover charges, ask for more active tracking over the life of the purchase. A buyer used to a simpler schedule on another Ras Al Khaimah project should budget time, not only money, for following Costa Mare's payment calendar alongside their adviser.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
What is still on request
Costa Mare's starting price has not been published. Every instalment above is a percentage of the eventual sale price, which your adviser confirms once you have a specific unit and floor in mind within the project's four towers.
How Costa Mare's amenities fit the schedule
Costa Mare spans four towers of 20 floors each, roughly 900 units in total, with direct beach access and unit types from studios to 6-bedroom villas. Given the longer, milestone-based schedule, a buyer planning cash flow around this project should budget for payments spread more unevenly across the construction period than a simple two- or three-instalment plan would require.
Keeping the full schedule in view
It is easy to focus only on the 20% booking figure and the 30% due at handover, since those are the two largest single lines. The six 5% milestone instalments add up to a meaningful share of the total price across the construction period, so leaving them out of a budget conversation would understate what is actually owed before Q3 2028.
Next step with Orven
To get the exact AED figure for each of Costa Mare's instalments once your target unit's price is confirmed, send your budget and preferred unit type on WhatsApp at +971 52 776 1939 or to sales@orvenproperties.com. Start your search at /find-your-home/. The Costa Mare fiche is at /ras-al-khaimah/costa-mare-ellington/. Our Costa Mare Al Marjan Island guide and our Ras Al Khaimah payment plans compared guide cover the project and its payment structure in more depth.
A practical step before signing
Ask your adviser to lay out the full eleven-line schedule against your own calendar before signing, including the 3,000 AED RERA fee and the 4% title charge, rather than focusing only on the headline 20% booking figure. Seeing the complete timeline upfront makes the milestone-based instalments easier to plan around.
FAQ
How much is due at booking for Costa Mare? 20% of the sale price, plus a 3,000 AED RERA fee.
How many construction-milestone instalments does the plan include? Six, each 5%, tied to 20%, 30%, 40%, 50%, 60% and 70% construction progress.
What is due at handover? 30% of the sale price, plus an additional 4% for title registration.
Is Costa Mare's starting price published? No, price is on request; every instalment is calculated as a percentage of your confirmed unit price.
When is Costa Mare handed over? Q3 2028, according to the project fiche.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
How much is due at booking for Costa Mare?
20% of the sale price, plus a 3,000 AED RERA fee.
How many construction-milestone instalments does the plan include?
Six, each 5%, tied to 20%, 30%, 40%, 50%, 60% and 70% construction progress.
What is due at handover?
30% of the sale price, plus an additional 4% for title registration.
Is Costa Mare's starting price published?
No, price is on request; every instalment is calculated as a percentage of your confirmed unit price.
When is Costa Mare handed over?
Q3 2028, according to the project fiche.
Continue reading
Projects
Costa Mare at Al Marjan Island: Ellington's beachfront towers in RAK
Four 20-storey towers, about 900 homes from studios to six-bedroom villas, direct beach access near the Wynn Resort. What Costa Mare's listing confirms, the detailed payment plan, and what still needs confirming before you reserve.
Read the guide →
Payment plans
Al Marjan Island payment plans: simple splits or detailed schedules
Aqua Arc and Pelagia both publish a simple 10/40/50 split. Costa Mare publishes a detailed, milestone-by-milestone schedule. Tonino Lamborghini publishes a 30/70 split without a detailed breakdown.
Read the guide →
Payment plans
Meydan homes payment plan: 20/50/30 leads the current selection
Belmore Residences, Riverton House, The Highgrove and Binghatti City all publish a 20% down payment, 50% during construction, 30% on handover plan. Sanctuary, from Prestige One, runs 20/45/35 instead.
Read the guide →
Payment plans
Belmore Residences Payment Plan: 20/50/30, Handover Q3 2027
Belmore Residences by Ellington runs on a 20/50/30 payment plan, starting from AED 1.7 million, with handover scheduled for Q3 2027 across 210 apartments in Meydan Horizon.
Read the guide →
Developers
Ellington in Ras Al Khaimah: Cala Del Mar, Costa Mare and Playa Del Sol compared
Ellington has three projects on Al Marjan Island: Cala Del Mar, Costa Mare and Playa Del Sol. Here is what each listing confirms, side by side, and how to choose between them depending on what you are looking for.
Read the guide →
Projects
Playa Del Sol at Al Marjan Island: Ellington's second project on the island
Studios to a 4-bedroom villa, a private jetty, next to the Wynn Resort, due for completion in Q4 2027. What Playa Del Sol's listing confirms today, and what is still priced and planned on request.
Read the guide →
Market
Cheap house for sale in Ras Al Khaimah: what "from AED 1.69 million" covers
Tonino Lamborghini Residences is the only project in our Ras Al Khaimah collection combining houses with a published price, from AED 1.69 million. That figure covers the smallest units, not the villas or mansions.
Read the guide →
Districts
Al Marjan Island off plan: a newly launched tower, and two others
Lunara at The Strand launched commercially on 5 March 2026 and starts from AED 1.28 million. Pelagia starts from AED 2.3 million. Cala Del Mar, Ellington's first project on the island, remains price on request.
Read the guide →Explore further
INVESTOR GUIDES