Oceanscape
Project Overview
Oceanscape is a mixed-use development by DAMAC Properties, located on Al Reem Island. The building includes a ground floor, two podium levels, and thirty-two residential floors. The complex consists of two towers. The architecture is designed in a contemporary style with an emphasis on horizontal lines and a rhythmic façade composition. The project features one-, two-, and three-bedroom apartments, as well as four-bedroom townhouses and commercial spaces. Interiors are designed in a contemporary style using a light color palette and natural materials. The spaces are defined by thoughtful layouts and functionality, with a focus on everyday comfort. Panoramic windows provide a high level of natural light, while neutral tones and clean forms create a calm and balanced atmosphere. Residents benefit from a range of amenities for everyday comfort, including a swimming pool, fitness center, sauna, steam room, leisure areas, children’s play areas, and 24/7 concierge service. The location on Al Reem Island provides convenient access to key areas of Abu Dhabi. Reem Central Park and LLH Hospital are within 10 minutes, the city center can be reached in approximately 15 minutes, while Khalidiyah Mall is about 20 minutes away.
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.
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
Astraterra Properties
Official Documents
Download official marketing materials from Damac Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
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Developer and Project Facts
Oceanscape by Damac Properties
Located in Reem Island
Starting from AED 493,500
Unit mix includes Retail, Commerce
Expected handover: Apr 2013
Official brochure and PDF marketing materials available
Official render/gallery images available
Available for Resale
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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