Photos and renders of the building and grounds — not of this particular unit.
Ocean House
2 BR · Apartment
About the building
10-storey residential building in The Palm Crescent. Developer — Ellington Properties Development. Architect — LACASA Architects & Engineering Consultants.
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 NP9-108287
How much is this 2-bedroom apartment in Ocean House?
Lot NP9-108287 is priced at AED 11 900 000, about $3 240 000. The size is 1 635 sq ft (152 m²), which works out at AED 7 278 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Ocean House?
The database holds 3 lots in Ocean House right now, from AED 11 900 000 to AED 12 499 999.
Is this expensive or cheap for Palm Jumeirah?
The database holds 247 lots in Palm Jumeirah, starting from AED 1 250 000. The area median is AED 4 202 per sq ft; this lot, at AED 7 278, is 73% above it. 29 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?
The handover date in the listing is Q2 2026, which has already passed. I will confirm whether the property has actually been handed over when you ask: listings are not always updated.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 30%, here AED 3 570 000; a loan of AED 8 330 000 over 25 years at 3.75–4.99% a year comes to roughly AED 42 800–48 600 a month. A non-resident puts down from 40% (AED 4 760 000) and pays about AED 36 700–41 700 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 476 000 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 11 900 000. 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 →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 NP9-108287 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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