Oceanscape
✓ Resale Available

Oceanscape

From AED 493,500·Completed Apr 2013·100% down payment Payment
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AED 493,500
Starting Price
Apr 2013
Handover
100% down payment
Payment Plan
Retail · Commerce
Type

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.

Project Specifications
DeveloperDamac Properties
LocationReem Island
Unit TypesRetail, Commerce
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 21,295 / year
Cash-on-Cash
1.8%
Levered cashflow AED 5,009
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 32,078 / 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
Oceanscape launch basis548AED 493,500Current 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

Oceanscape — View 2
Oceanscape — View 3
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Oceanscape official render 1

Oceanscape official render 1

Oceanscape official render 2

Oceanscape official render 2

Oceanscape official render 3

Oceanscape official render 3

Oceanscape official render 4

Oceanscape official render 4

Oceanscape official render 5

Oceanscape official render 5

Oceanscape official render 6

Oceanscape official render 6

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Oceanscape — 1 Bedroom Floor Plan

Amenities & Lifestyle

Broadband Internet
Concierge Service
Covered Kids Play Area
Dining outlets (coffee houses & restaurants)
Gaming Lounge
Infinity pool
Landscape Open Areas
Leisure areas
Lift
Lobby
Lounge
Parking
Pool Deck
Private pool
Recreational areas
Resting Areas
Retail outlets
Sauna
Security and CCTV
Sitting Area
Smart home
Social zone
Steam

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

Oceanscape by Damac Properties

02

Located in Reem Island

03

Starting from AED 493,500

04

Unit mix includes Retail, Commerce

05

Expected handover: Apr 2013

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

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

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