Ocean Heights
✓ Resale Available

Ocean Heights

From AED 5.22M·Completed Dec 2010·100% down payment Payment
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AED 5.22M
Starting Price
Dec 2010
Handover
100% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

Ocean Heights is a residential project by DAMAC Properties, located in Dubai Marina. The tower features a contemporary architectural design with a dynamic silhouette and panoramic glazing, creating a distinctive appearance and offering views of the city and coastline. The development offers apartments with one, two, three, four, and five bedrooms. The interiors are designed in a modern aesthetic using high-quality materials and a balanced color palette, with a focus on comfort, functionality, and natural light. Residents have access to a wide range of amenities, including cafes and dining options, a fitness center, a swimming pool, leisure and entertainment areas, a residents’ lounge, BBQ areas, hotel services, laundry services, parking, 24/7 security, and convenient access to main roads and public transport. The project’s location provides convenient access to key destinations: Dubai Harbour and Emirates Golf Club — approximately 5 minutes, Dubai Marina, Atana Hotel Dubai, and Jebel Ali Racecourse — approximately 10 minutes.

Project Specifications
DeveloperDamac Properties
LocationDubai Marina
Unit Types2 BR, Apartments
AreaDubai Marina
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 225,243 / year
Cash-on-Cash
1.8%
Levered cashflow AED 52,983
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 339,300 / 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
Ocean Heights launch basis5,800AED 5.22MCurrent launch / asking basis
Dubai Marina ready-stock comps2,100AED 1.89MIndicative resale benchmark
Dubai Marina premium peer launches2,550AED 2.29MNew-launch peer set
Trophy alternative proxy3,200AED 2.88MHigher-end anchor for negotiation context

Gallery

Ocean Heights — View 2
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Ocean Heights official render 1

Ocean Heights official render 1

Ocean Heights official render 2

Ocean Heights official render 2

Ocean Heights official render 3

Ocean Heights official render 3

Ocean Heights official render 4

Ocean Heights official render 4

Ocean Heights official render 5

Ocean Heights official render 5

Ocean Heights official render 6

Ocean Heights official render 6

Ocean Heights official render 7

Ocean Heights official render 7

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Broadband Internet
Dining outlets (coffee houses & restaurants)
Laundry
Leisure areas
Lift
Lobby
Lounge
Parking
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Tennis court
Walking paths

Location

Dubai Marina

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai MarinaDubai MarinaDubai, UAE

Developer Track Record

01

Ocean Heights by Damac Properties

02

Located in Dubai Marina

03

Starting from AED 5,220,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 2010

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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

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