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Ocean House — residences for sale

Name: Ocean House — Dubai
Brand: Ellington Properties
Availability: InStock

Ellington's most premium product — 88 beachfront duplexes and penthouses on Palm Jumeirah's Crescent, from ~AED 23M.

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AED 23M

from

2026

handover

4–5%

gross yield

Private beach

Palm Jumeirah

By WIZI PREMIUM · Updated 27 June 2026

In short

Ellington Properties built Ocean House on the northeastern Crescent of Palm Jumeirah, an ultra-prime 88-residence beachfront building of duplexes and penthouses, each with a private pool. Pricing starts from ~AED 23M, with a gross yield around 4–5%. It suits ultra-high-net-worth buyers and flagship-asset investors wanting a private-beach Palm address with resort-grade wellness amenities.

Developer: Ellington Properties · Sources: developer brochure, Bayut, Property Finder, DLD · 2026

The project

About Ocean House on Palm Jumeirah

Ocean House is a 9-storey, 88-residence beachfront building on Palm Jumeirah's northeastern Crescent, set between Serenia and the Waldorf Astoria. Homes are duplexes and penthouses up to 14,000-plus sq ft, each with a private pool, served by a private beach, 50m pool, wellness spa, gym with indoor waterfall, cinema and clubhouse.

As Ellington's flagship luxury product, the investment case is a flagship one: scarce ultra-prime Palm beachfront with branded design. Yields sit at the prime-Palm level of 4–5%, with the return story driven by capital value and end-user prestige rather than cash flow. Handover is around Q4 2026.

Palm Jumeirah, Dubai

Gallery

Inside Ocean House

Prices & payment · 2026

How much Ocean House costs

Type	From	Gross yield
2-bed duplex	~AED 23M	4.5–5%
3 bedroom	~AED 35M	4–5%
4-bed duplex	AED 49M+	4–4.5%
Penthouse	AED 100M+	3.5–4%

Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: 20/50/30, 20% down. Sources: Ellington Properties, Property Finder, DLD.

Market context

Dubai apartment price ladder

In Palm Jumeirah, apartments trade around AED 3,450/sqft — among the city's most premium addresses. Gross yields here run about 5–6%. Use this to sanity-check where Ocean House sits on price.

Palm JumeirahAED 3,450

Downtown DubaiAED 3,011

Business BayAED 2,547

Dubai MarinaAED 2,058

Dubai Hills EstateAED 1,820

JVCAED 1,150

Dubai SouthAED 1,050

Average price / sqft by area · Source: Dubai Land Department transactions & Bayut, 2026 · indicative

Recent sales · DLD

What Ocean House actually sold for

3 sales were registered at Ocean House in Jan–Jun 2026, at a median of AED 17,047,828 (~AED 5,266/sqft). Most recent registered transactions:

Date	Beds	Status	Size	Price	AED/sqft
2026-05-22	3 B/R	Off-plan	3,237 sqft	AED 17,047,828	5,267
2026-01-23	2 B/R	Off-plan	1,784 sqft	AED 9,100,828	5,100
2026-01-14	3 B/R	Off-plan	8,295 sqft	AED 58,315,229	7,030

Source: Dubai Land Department — registered sales transactions, Jan–Jun 2026. Actual recorded deals, not asking prices.

Investment view

Is Ocean House right for you?

In favour

Ultra-prime private-beach address on Palm Jumeirah's Crescent
Only 88 residences, all duplexes/penthouses with private pools
Resort-grade wellness spa, 50m pool and Ellington design
Scarce flagship stock with strong long-term value retention

Worth knowing

Very high entry ticket from ~AED 23M
Prime-Palm yields are modest at around 4–5%
Penthouse pricing reaches AED 100M+ on application
Off-plan with handover around Q4 2026

Calculator

Your rental math

Currency

Purchase budget 23,000,000 AED

23M58.8M AED

Gross estimate from typical Palm Jumeirah yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (2026).

Monthly rent—

Annual income—

Gross yield—

Payback—

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FAQ

Common questions

How much is a residence at Ocean House?

Current pricing starts from roughly AED 23M for a 2-bed duplex, rising to AED 49M-plus for 4-bed duplexes and AED 100M-plus for top penthouses.

What yield does Ocean House give?

Gross rental yields are around 4–5%, typical of ultra-prime Palm beachfront where returns lean on capital value.

When does Ocean House hand over?

Handover is scheduled for around Q4 2026, with the building under construction.

Is Ocean House a good investment?

Ocean House returns roughly 4–5% gross; the draw here is ultra-prime private-beach address on Palm Jumeirah's crescent. Net depends on the exact unit — ask us to run the numbers before you commit.

What is the payment plan at Ocean House?

Ocean House is offered on a 20/50/30, 20% down plan (developer terms, subject to availability). Handover is 2026. We confirm the exact schedule and any current incentives per unit on request.

Does Ocean House qualify for the Golden Visa?

Yes — units at Ocean House from AED 2M qualify the buyer for the UAE 10-year Golden Visa, available off-plan. With entry around AED 23M, most units clear the threshold; we handle the application paperwork.

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