Introducing Sky Castle: Project RAK’s Signature Penthouse at Costa Mare

Project RAK is pleased to share a new milestone for one of the most distinctive properties in our portfolio: our penthouse at Costa Mare by Ellington Properties has been officially named Sky Castle.

Previously registered simply by unit number, this exceptional property now carries a name that reflects its scale, position, and prestige within the development.

At more than 13,500 square feet, Sky Castle is far more than a standard penthouse. The residence includes a private elevator, multi-car garage, expansive living space, and access to the elevated amenities expected from a landmark Ellington Properties development.

This is a rare property in both size and positioning.

In the UAE, prestige matters. That applies not only to location and design, but also to how a property is identified, presented, and recognized. Officially named residences carry a different level of distinction, particularly in the luxury segment where identity, scarcity, and reputation all contribute to long-term desirability.

Working closely with Ellington Properties, Project RAK ensured that the Sky Castle name was formally applied to the unit and registered with the appropriate local authorities.

That detail matters.

A name gives the property a stronger identity. It makes it more memorable. It supports its market positioning. And in a competitive luxury real estate environment, it helps distinguish the residence from surrounding inventory.

For Project RAK, this is part of a broader approach to value creation. We are not simply purchasing units and waiting for the market to move. Where possible, we look for ways to improve positioning, strengthen appeal, improve design and materials, and support long-term investor value through thoughtful decisions made early in the process.

Sky Castle is a clear example of that approach.

The property’s scale already makes it notable. The private access, multi-car garage, and connection to Costa Mare’s planned amenities further enhance its appeal. Now, with its official naming in place, Sky Castle has a distinct identity that better reflects the calibre of the residence itself.

We are also pleased to confirm that construction activity has begun at Costa Mare, with site mobilization completed and the project moving into its next phase of development. As construction progresses, Project RAK will continue to monitor key milestones, timelines, and development updates. 

Sky Castle represents exactly the kind of opportunity Project RAK looks for: a highly distinctive property, in a growing market, with clear positioning advantages and strong long-term potential.

More updates to come as this landmark residence continues to take shape.