Ocean House
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
Est. ROIContact Astraterra for area-specific ROI guidance

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
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

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Ocean House official render 1

Ocean House official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

50% down payment

Flexible Payment

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Floor Plans

Ocean House — 1 Bedroom Floor Plan

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

Palm Jumeirah

Nearby Destinations

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

Developer Track Record

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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