DISTRESS DEAL | 2-BEDROOM IN OCEAN HOUSE, PALM JUMEIRAH | – 10,3%

ABOUT THE PROJECT

Ocean House is a boutique residential tower by Ellington Properties on Palm Jumeirah, positioned within the trunk of the Palm. Ellington built a distinct market identity through design-led finishes and detail-level execution that separates their product from volume developers — higher specification joinery, curated material palettes, and tighter unit counts per floor. Ocean House continues that line with a dedicated amenity deck, pool, and lobby experience calibrated to a luxury-light resident profile. Palm Jumeirah remains Dubai’s most internationally legible address and one of the tightest resale markets in the city, with sustained demand from both end-users and yield investors.

WHY THIS IS A DISTRESS DEAL

The discount here is not the headline — the timing is. Ocean House hands over Q4 2026, meaning a buyer entering now acquires a near-complete asset on Palm Jumeirah at AED 861,600 below what the original buyer paid all-in.

In a market where Palm 2-bedroom rentals are consistently achieving AED 250,000–300,000+ per annum for quality product, the yield case at AED 7,500,000 entry is immediate rather than speculative.

The seller is exiting a position they cannot or will not hold to handover, and the buyer captures the Ellington finish premium without paying the launch premium that came with it.

Low floor is priced accordingly and does not affect the unit’s leasability or the Marina view corridor.

PROPERTY DETAILS

At 1,643 sq ft, this is a generously scaled 2-bedroom layout by Palm Jumeirah standards — most comparable product in the trunk comes in tighter.

The low floor positioning provides direct amenity deck access and sheltered balcony exposure.

The Dubai Marina view from this orientation frames the skyline without competing with the noisier eastern exposures. Ellington’s finish specification in Ocean House includes engineered stone surfaces, integrated appliances, and floor-to-ceiling glazing consistent across the building’s 2-bedroom line.

PAYMENT PLAN

The seller’s remaining balance and SPA schedule are available on request.

With Q4 2026 handover, buyers should factor the final Ellington instalment and DLD registration timing. Off-plan mortgage financing is applicable subject to completion progress at the time of application.