Ocean Terrace
✓ Resale Available

Ocean Terrace

From AED 2.10M·Completed Jan 2012·Developer payment plan available Payment
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AED 2.10M
Starting Price
Jan 2012
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Ocean Terrace is a residential complex by developer Mismak Properties, located in the Marina Square area on Al Reem Island in Abu Dhabi. The building forms an expressive silhouette of the urban landscape and sets a high standard of modern life in the UAE capital. The architectural appearance of the complex is characterized by laconic lines and panoramic glazing, which maximizes the views of the marina and the Persian Gulf. The facades are made using high-quality materials that emphasize the status of the project. Apartments in Ocean Terrace are presented with 1-3 bedrooms and combine functionality and elegance. The interior is decorated with attention to detail: modern air conditioning systems are installed, spacious dressing rooms and ergonomic kitchens with basic equipment are provided. Floor-to-ceiling panoramic windows visually expand the space and fill it with light. Residents of the complex enjoy a wide range of amenities: adult and children's pools, a fitness center with sauna and steam room, landscaped gardens with walking paths, and a playground. Round-the-clock security and a video surveillance system guarantee security. The complex is conveniently located near key points of the city: Al Maryah Island and The Galleria Mall can be reached in 10 minutes, the Saadiyat Island cultural district and Yas Island entertainment district are 20-25 minutes away, and Abu Dhabi International Airport takes about 30 minutes by car.

Project Specifications
DeveloperMismak Properties
LocationReem Island
Unit Types2 BR, Apartments
AreaReem Island
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 90,615 / year
Cash-on-Cash
1.8%
Levered cashflow AED 21,315
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 136,500 / 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 Terrace launch basis2,333AED 2.10MCurrent launch / asking basis
Reem Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Reem Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Ocean Terrace official render 1

Ocean Terrace official render 1

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Ocean Terrace official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Mismak Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Central A/C
Children’s pool
Covered Parking
Kids Play Area
Lift
Lobby
Outdoor Multipurpose Space
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Steam
Walking paths

Location

Reem Island

Nearby Destinations

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

Developer Track Record

01

Ocean Terrace by Mismak Properties

02

Located in Reem Island

03

Starting from AED 2,100,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Jan 2012

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Official render/gallery images available

Available for Resale

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

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