
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Oceanscape launch basis | 548 | AED 493,500 | Current launch / asking basis |
| Reem Island ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Reem Island premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |






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Reem Island
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
Ready-to-move units · Direct from owner · Verified by Astraterra
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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