Property type:3 bedroom
Two-Year Price Appreciation:11%
District:Palm Jumeirah
Developer:Ellington
Class of the property:"A"- Class of the district:"A"
Rating Independent:4★- Reliability of the developer:5★
Down payment:20%- Payment plan:60/40
Completion date:Q4 2025
- District
Palm Jumeirah
Palm Jumeirah is an artificial island that follows the shape of a palm tree with sixteen symmetrical fronds where expensive villas, incredible hotels, a water park, and many kilometers of beautiful beaches are located.
The island is smaller than Palm Jebel Ali and Palm Deira, but Palm Jumeirah is the first of its kind. It is a famous symbol of the UAE along with Burj Al Arab and the Burj Khalifa. The world’s largest man-made island is also a world-famous brand that embodies Dubai’s unquenchable thirst to achieve what seems impossible. The island extends into the Arabian Gulf for five kilometers, and its creation took six years and USD 12,000,000,000 to build. Today the island occupies 560 hectares, which corresponds to the area of 600 football fields.
The construction of the Palm Jumeirah island began in August 2001. Of course, it could have been built of concrete and steel, but Sheikh Mohammed bin Rashid Al Maktoum wanted the island to blend in with the environment, which is why he avoided the use of artificial materials. In total, 94,000,000 square meters of sand were required for the construction of the island. Geographically, the island of Palm Jumeirah is very `lucky`, as the warm, shallow waters off the coast are inaccessible to storms, as they are closed from the ocean by the Strait of Hormuz. However, the island is surrounded by a 3.5-meter protective breakwater, the construction of which took 5,500,000 square meters of rock.
The current appearance of Palm Jumeirah was formed when the trunk began to house magnificent multi-story hotels, yacht clubs, theme parks, shopping and entertainment centers, as well as the fronds, which consists of luxury villas with personal access to the sea. To date, there are approximately 1,400 villas and 2,500 apartments situated on Palm Jumeirah.
Ellington
The majority of Ellington Properties’ buildings are located within the new Rashid City (MBR City) district, which is named after Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the United Arab Emirates.
The company’s most significant accolade was winning the title of ‘best luxury project’ for the construction of Eaton Place Hotel in 2019. Currently, the developer’s latest project is Wilton Park Residence, which is a vast residential development adorned with natural greenery in the heart of MBR City.
The complex of Ocean House will house oceanside apartments, and the prestigious address in the popular area of Palm Jumeirah offers an ultra-luxurious living with amazing views of the Burj Al Arab. There are G+9 floors in the waterfront development and the total number of luxury residences constitutes 88.
The residential building has a unique architectural concept, which provides optimized views from all angles. The geometry of the complex is based on a dual aspect scenario, with living spaces that benefit from the stunning views of the Burj Al Arab, the Burj Khalifa, the Dubai skyline and the sea.
The development companies of the waterfront complex is Ellington Properties in collaboration with SOL Properties and the world's third best architectural company called Northacre, which is a subsidiary of SHUAA Capital. At the moment the project is under construction with the estimated date of handover is set to be Q1 2026.
Properties in the elite development of Ocean House are presented by 2-bedroom single and dual aspect apartments, 3 and 4-bedroom dual aspect apartments, as well as 2-4 bedroom duplexes with living areas ranging from 1,642 sq. ft to 9,917 sq. ft. The luxurious complex of Ocean House also offers two 5-bedroom penthouses of either 14,037 sq. ft or 14,369 sq. ft and just one 6-bedroom presidential suite with a property size of 11,770 sq. ft. The layout of all residences includes a private swimming pool and private garden.
Residences in Ocean House will come unfurnished, which will allow property owners to equip the house in accordance with their own desires and preferences. The exquisite bathrooms will be completely finished with marble, and the kitchens will be equipped with high-quality appliances as a gift from the developer.
Parking and Valet Services
Club Lounge
Olympic-size pool & deck
Meeting room & Co-working areas
Gym, Fitness studio
Yoga & Meditation zone
Kids’ play area
Health club with Sauna & Steam
Kitchen for private functions
5 balconies
Cigar terrace
Interactive room
Outdoor Cinema
Example of the agreement
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