−5% Ocean House
2 BR · Apartment · 3 bathrooms
Price history
Listed since 6 January 2025. The price has been cut once — dates and figures from the listing itself.
- 1 October 2026 AED 10 000 000
- 1 October 2026 AED 9 500 000 -5%
About the building
10-storey residential building in The Palm Crescent. Developer — Ellington Properties Development. Architect — LACASA Architects & Engineering Consultants.
Specifications for Ocean House per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP4-454099
How much is this 2-bedroom apartment in Ocean House?
Lot NP4-454099 is priced at AED 9 500 000, about $2 587 000. The size is 1 636 sq ft (152 m²), which works out at AED 5 807 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 10 000 000 to AED 9 500 000: AED 500 000 less, or 5%. It was cut once. On the market since 6 January 2025.
How does this price compare with other lots in Ocean House?
The database holds 5 lots in Ocean House right now, from AED 9 500 000 to AED 12 499 999. 3 of them share this type and bedroom count: this lot is the cheapest. At AED 5 807 per sq ft this lot is 14% below the median for the other lots in the project (AED 6 727).
Is this expensive or cheap for Palm Jumeirah?
The database holds 216 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 190 per sq ft; this lot, at AED 5 807, is 39% above it. 32 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Is the property ready or still under construction?
According to the listing, the property is still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 380 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 9 500 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Ocean House?
The building has 10 floors. The developer is Ellington Properties. Figures are from the project passport: Propsearch and the Dubai Land Department.
Ocean House project page →What does the seller say about the property itself?
From the listing: bathrooms — 3.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-454099 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Ocean House
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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