
Ocean House is a premium project from Ellington Properties located on Palm Jumeirah Island and consists of a basement level, ground floor and 9 residential floors. The complex is designed in a design style that combines the fluidity of the ocean with the smooth curves of architecture. Ocean House offers a limited collection of 88 exclusive residences. These include luxury one-way and two-way 2-bedroom apartments, two-way 3-4-bedroom residences, and 2-4-bedroom duplexes. All layouts are multifunctional and thought out to the smallest detail. The interiors are designed in an elegantly modern style with beautiful shades. For residents of the complex, world-class facilities are provided: a gym, a swimming pool, a SPA area, a recreation area with an outdoor barbecue and a children's playground. Palm Jumeirah Island has a well-developed social infrastructure: there are many entertainment options, beaches and parks. Sports halls, restaurants, medical centers, schools and kindergartens are located within walking distance. Easy access to The Boardwalk Palm Jumeirah 1 min, Nakheel Mall 10 min, Dubai Marina and Dubai Harbour 15 min, Emirates Golf Club and Burj Al Arab 20 min, Mall of The Emirates and Dubai Mall & Burj Khalifa 25 min, Dubai International Airport 35 min.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Ocean House launch basis | 11,667 | AED 10.50M | Current launch / asking basis |
| Palm Jumeirah ready-stock comps | 3,200 | AED 2.88M | Indicative resale benchmark |
| Palm Jumeirah premium peer launches | 3,800 | AED 3.42M | New-launch peer set |
| Trophy alternative proxy | 4,700 | AED 4.23M | Higher-end anchor for negotiation context |

























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Palm Jumeirah
Ocean House by Ellington Properties
Located in Palm Jumeirah
Starting from AED 10,500,000
Unit mix includes 2 BR, 3 BR, 4 BR, Apartments
Expected handover: Jun 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
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.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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