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ELLINGTON "Ocean House"
Off-Plan

ELLINGTON "Ocean House"

From AED 10.50M·Handover 2027-06-30·Payment plan available with Astraterra advisor Payment
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AED 10.50M
Starting Price
2027-06-30
Handover
Payment plan available with Astraterra advisor
Payment Plan
Studio · 1 Bedroom
Type

Project Overview

ELLINGTON "Ocean House" by Ellington Properties is a Dubai off-plan project curated by Astraterra Properties. Located in Palm Jumeirah, the project is listed with a starting price of AED 10,500,000. Payment plan available with Astraterra advisor. Handover: 2027-06-30. Request the latest availability, floor plans, payment schedule and unit recommendations from Astraterra Properties — BRN 54738.

Palm Jumeirah offers Dubai buyers a mix of lifestyle access, rental demand and capital-growth potential depending on exact building, handover timing and purchase price.

Project Specifications
DeveloperEllington Properties
LocationPalm Jumeirah
Unit TypesStudio, 1 Bedroom, 2 Bedroom
AreaPalm Jumeirah
Ownershipfreehold
Est. ROIAsk advisor

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 453,075 / year
Cash-on-Cash
2.2%
Levered cashflow AED 106,575
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 682,500 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
ELLINGTON "Ocean House" launch basis11,667AED 10.50MCurrent launch / asking basis
Palm Jumeirah ready-stock comps3,200AED 2.88MIndicative resale benchmark
Palm Jumeirah premium peer launches3,800AED 3.42MNew-launch peer set
Trophy alternative proxy4,700AED 4.23MHigher-end anchor for negotiation context

Gallery

ELLINGTON "Ocean House" — View 2
ELLINGTON "Ocean House" — View 3

Payment Structure

Payment plan available with Astraterra advisor

Flexible Payment

Contact us for detailed payment schedule and milestones

Need a detailed payment schedule?

Our advisors provide full milestone breakdowns at no cost.

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Amenities & Lifestyle

Modern residential amenities
Swimming pool and fitness facilities
Landscaped communal areas
Covered parking
24/7 security
Developer-managed payment plan

Location

Palm Jumeirah

Nearby Destinations

Dubai road network access
Retail and lifestyle amenities nearby
Community facilities nearby
Palm JumeirahPalm JumeirahDubai, UAE

Developer Track Record

01

Project by Ellington Properties

02

Starting from AED 10,500,000

03

Payment plan available with Astraterra advisor

04

freehold ownership

05

Astraterra can confirm live availability, floor plans and unit recommendations

Get Qualified for ELLINGTON "Ocean House"

High-ticket buyer routing · Branded / luxury filtering · Serious capital only

Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.

Send Buyer BriefRequest CallRequest Atlas-Guided Access
RERA Registered
Qualified Buyer Flow
Verified Listings

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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