Ocean House — project image
Off-Plan

Ocean House

From AED 10.50M·Handover Jun 2027·50% down payment Payment
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AED 10.50M
Starting Price
Jun 2027
Handover
50% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

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.

Project Specifications
DeveloperEllington Properties
LocationPalm Jumeirah
Unit Types2 BR, 3 BR, 4 BR, Apartments
AreaPalm Jumeirah
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 453,075 / year
Cash-on-Cash
2.2%
Levered cashflow AED 106,575
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 4.83M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

50% down payment

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
Central A/C
Children’s pool
Cinema
Concierge Service
Covered Parking
Coworking zone
Dining outlets (coffee houses & restaurants)
Kids Play Area
Laundry
Leisure areas
Lobby
Pets Allowed
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Ocean House location map
Project location

Nearby Destinations

Palm Jumeirah

Developer and Project Facts

01

Ocean House by Ellington Properties

02

Located in Palm Jumeirah

03

Starting from AED 10,500,000

04

Unit mix includes 2 BR, 3 BR, 4 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Qualified Buyer Flow
Property Enquiries

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

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