Ocean Heights — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 225,243 / year
Cash-on-Cash
2.2%
Levered cashflow AED 52,983
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.40M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Published payment summary

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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 Marina

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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