Ocean House sits on the northeastern crescent of Palm Jumeirah, alongside the Sofitel, Waldorf Astoria and the Royal Atlantis. It is nine residential floors with no small stock at all. The smallest home is a 1,642 square foot two bedroom and the largest is a 9,917 square foot four bedroom, which puts the entire building in super prime territory.
The give away on positioning is the parking allocation. Ellington assigns three parking spaces to every four bedroom residence and four service lifts to a nine floor building. Those are numbers you specify for owner occupiers with staff and multiple cars, not for a rental play.
Ocean House at a glance
| Property Name | Ocean House |
| Developer | Ellington Properties |
| Location | Palm Jumeirah, Dubai |
| Property Type | Apartments, duplexes and penthouses |
| Unit Types | 2, 3 and 4 bedroom residences, including corner duplexes with private terraces and penthouses |
| Total Units | Not stated in the project brief |
| Sizes | 1,642 sq ft to 9,917 sq ft |
| Size basis | As published by Ellington Properties in the project brief |
| Starting Price | Not published by the developer. Price on request |
| Payment Plan | 60 / 40. 20 percent in the first stage, 40 percent across construction, 40 percent on completion |
| Handover | Not stated in the launch collateral. Confirm with the developer before you commit |
| Service Charge | AED 25 per sq ft |
| Ownership | Freehold |
| Project Status | Off plan |
| Building | 9 residential floors |
| Parking | 1 space for 2 bedroom homes, 2 for 3 bedroom, 3 for 4 bedroom |
| Lifts | 4 passenger lifts and 4 service lifts |
Unit mix and sizes
| Type | Units | Size range |
|---|---|---|
| 2 Bedroom | 1,642 to 4,214 sq ft | |
| 3 Bedroom | 3,233 to 4,770 sq ft | |
| 4 Bedroom | 5,352 to 9,917 sq ft |
The size bands overlap heavily, which tells you the building mixes simplex, duplex and penthouse formats within the same bedroom count. A 4,214 square foot two bedroom is a duplex or a corner terrace unit, not a standard flat. Ask which format you are being quoted before you compare price per square foot.
Payment plan
| At the time of booking | 5 percent |
| On signing | 15 percent |
| 60 days after | 5 percent |
| 120 days after | 5 percent |
| At 20 percent construction | 5 percent |
| At 30 percent construction | 5 percent |
| At 40 percent construction | 5 percent |
| At 50 percent construction | 5 percent |
| At 60 percent construction | 5 percent |
| At 70 percent construction | 5 percent |
| On completion | 40 percent |
This schedule sums to 100 percent and is published in full. Note the split first stage: 5 percent to reserve and a further 15 percent on signing, so 20 percent is due early.
Questions answered
Who is the developer of Ocean House? Ellington Properties, a Dubai based design led developer founded in 2014.
Where is Ocean House? Palm Jumeirah, Dubai.
When is handover? Not stated in the launch collateral. Confirm with the developer before you commit
Is Ocean House freehold? Yes. The developer states freehold ownership, which is open to all nationalities.
What is the payment plan? 60 / 40. 20 percent in the first stage, 40 percent across construction, 40 percent on completion
What is the service charge? AED 25 per sq ft, as anticipated by the developer.
What is the starting price? Ellington has not published a price list in this collateral. Contact Cresco Real Estate for current availability and pricing.
Why are there no one bedroom units? Ellington has positioned Ocean House as a super prime owner occupier building. The smallest home is a 1,642 square foot two bedroom.
What does the service charge cost in practice? At AED 25 per square foot, a 1,642 square foot two bedroom runs about AED 41,000 a year and a 5,352 square foot four bedroom about AED 134,000 a year.
About Palm Jumeirah
Palm Jumeirah is Nakheel original reclaimed island and remains the single most recognised address in Dubai. The northeastern crescent is the hotel strip, which means the immediate neighbours are the Sofitel, the Waldorf Astoria, the Royal Atlantis and Atlantis The Palm. It is freehold and open to all nationalities, and it has the deepest luxury resale market in the emirate.
Ellington Properties has delivered across Downtown Dubai, Jumeirah Village Circle, Mohammed Bin Rashid City, Palm Jumeirah, Dubai Hills Estate and Ras Al Khaimah. The house style is consistent: art led lobbies, heavy amenity decks and interiors designed in house rather than outsourced.
What the developer does not tell you
No anticipated completion date appears in this launch pack. On a 40 percent on completion plan you need that date in writing before you sign.
Ellington does not state total unit count for Ocean House, so absorption and resale competition cannot be assessed from the collateral.
AED 25 per square foot is the highest service charge across the current Ellington range. On a 5,352 square foot four bedroom that is roughly AED 134,000 a year before utilities.
The size basis is not split into internal and outdoor here as it is on some other Ellington projects. Ask which measurement applies.
Every figure on this page is taken from Ellington Properties official project collateral. Cresco Real Estate LLC, RERA ORN 34288.
More about Palm Jumeirah
Read the Cresco area guide to Palm Jumeirah. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Palm Jumeirah area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Palm Jumeirah
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 101 residential sales were registered in Palm Jumeirah. The median was AED 4,950,000 and the middle half fell between AED 2,825,000 and AED 8,675,260.
For the unit type this project leads with, 2 B/R, the registered median in Palm Jumeirah was AED 5,784,289 across 50 sales, at AED 3,454 per square foot and a median size of 1,735 sq ft.
| Registered median price, Palm Jumeirah | AED 4,950,000 |
| Middle half of registered sales | AED 2,825,000 to AED 8,675,260 |
| Registered median per sq ft | AED 3,010 |
| Registered median unit size | 1,709 sq ft |
| Share bought off plan | 31% |
| Ready stock, median per sq ft | AED 2,399 from 70 sales |
| Off plan stock, median per sq ft | AED 5,090 from 31 sales |
| Registered residential sales in the period | 101 |
Registered sales by bedroom count in Palm Jumeirah
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| 1 B/R | 24 | AED 2,215,280 | AED 2,399 | 1,090 sq ft |
| 2 B/R | 50 | AED 5,784,289 | AED 3,454 | 1,735 sq ft |
| 3 B/R | 15 | AED 11,447,000 | AED 4,413 | 2,414 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Palm Jumeirah
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Palm Jumeirah recorded 4,136 registered rental contracts and 726 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 142 per sqft against a ready sale price of AED 3,158 per sqft. That is a gross yield of 4.5% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Palm Jumeirah moved +3.3 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -5.6%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| 1 bedroom | 1,173 | 158,954 | 138 | +1.5 |
| All apartments | 4,136 | 246,047 | 142 | +3.3 |
Full Palm Jumeirah guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
