New homes in Ocean House start at AED 9,500,000; the keys were due Mar 2026; you pay 5% to book, 55% while it is built and 40% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 85 off-plan sales of 2-bed apartments of 1,397 sq ft to 2,095 sq ft in Palm Jumeirah. Their median price is AED 5,277 per sq ft (about AED 8,664,000 at 1,642 sq ft). This project's from price is AED 5,786 per sq ft (AED 9,500,000 for its smallest home, 1,642 sq ft), 10% more.
Keys
Mar 2026
The developer's handover date. It has passed and may be out of date, so ask us for the current one.
Payment plan
5 / 55 / 40
5% to book, 55% while it is built, 40% at the keys
Bedrooms
2 to 6 beds
Sizes
1,642 to 9,917 sq ft
Ownership
Freehold
Property types
Penthouse and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 5,786 per sq ft
Similar off-plan homes: AED 5,277 per sq ft
RERA project
2691
Check it in Dubai REST, the Dubai Land Department's official app.
Built
30%
Being built. DLD register, Jun 12, 2026
Escrow account
بنك الشارقة
The bank that holds your payments
Registered homes
95
In 1 buildings
Paying for it
You pay 5% when you book, 55% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
5%
AED 475,000
As it is built
While it is built
55%
AED 5,225,000
At the keys (Mar 2026)
Keys
40%
AED 3,800,000
Booking payment, 5%
AED 475,000
Dubai Land Department fee (Oqood), 4%
AED 380,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 855,000
The handover date (Mar 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 20 per sq ft a year in 2023, from 5 buildings on the Dubai Land Department register. For the smallest home (1,642 sq ft) that is about AED 33,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 85 off-plan sales of 2-bed apartments of 1,397 sq ft to 2,095 sq ft in Palm Jumeirah, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in OCEAN HOUSE sold in 24 months, so we compare with off-plan sales across Palm Jumeirah.
Dubai Land Department recorded 85 off-plan sales of 2-bed apartments of 1,397 sq ft to 2,095 sq ft in Palm Jumeirah, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 5,277 per sq ft
AED 2,878 to AED 4,015 per sq ft
11 sales
AED 4,015 to AED 5,151 per sq ft
27 sales
AED 5,151 to AED 6,287 per sq ft
27 sales
This project's from price is in this band.
AED 6,287 to AED 7,423 per sq ft
13 sales
AED 7,423 to AED 8,560 per sq ft
4 sales
AED 8,560 to AED 9,696 per sq ft
0 sales
AED 9,696 to AED 10,832 per sq ft
1 sale
AED 10,832 to AED 11,969 per sq ft
2 sales
AED 2,878 per sq ftAED 11,969 per sq ft
This project AED 5,786 per sq ft
Half of the sales sold for AED 4,541 to AED 6,171 per sq ft
The median is the middle sale: half sold for less, half for more.
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Price per sq ft
Sales
AED 2,878 to AED 4,015 per sq ft
11
AED 4,015 to AED 5,151 per sq ft
27
AED 5,151 to AED 6,287 per sq ft
27
AED 6,287 to AED 7,423 per sq ft
13
AED 7,423 to AED 8,560 per sq ft
4
AED 8,560 to AED 9,696 per sq ft
0
AED 9,696 to AED 10,832 per sq ft
1
AED 10,832 to AED 11,969 per sq ft
2
The 3 closest sales
Picked from the 85 similar sales above, closest in size to this project's smallest home.
Dec 2025AED 6,741,936AED 4,102 per sq ftOlaia Residences, 1,644 sq ft
Dec 2025AED 6,218,209AED 3,794 per sq ftOlaia Residences, 1,639 sq ft
Feb 2026AED 6,597,672AED 4,028 per sq ftOlaia Residences, 1,638 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Palm Jumeirah in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
2-bed apartmentFrom AED 9,500,000 here
Off-plan medianAED 8,730,000AED 5,260 per sq ft
Sales156
10% above 85 similar sales
3-bed apartment
Off-plan medianAED 13,636,000AED 6,544 per sq ft
Sales117
4-bed apartment
Off-plan medianAED 55,000,000AED 6,910 per sq ft
Sales36
5-bed apartment
Off-plan medianToo few sales for a median
Sales9
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
2.4%
Typical for similar ready homes
5.1%
Median rent of 2-bed apartments in Palm Jumeirah
AED 230,000 a year
Rent contracts counted
824
Rented between
Apr 1, 2025 and Mar 31, 2026
2-bed apartment
AED 230,000 a year
3-bed apartment
AED 320,000 a year
4-bed apartment
AED 750,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 230,000 ÷ AED 9,500,000 = 2.4%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Sufouh Tram Stop3.1 km, 6 min driveTram stop
Al Sufouh2.3 km, 5 min driveBeach
The Palm Jumeirah waterfront2.7 km, 15 min driveWaterfront
Dubai College3.1 km, 6 min driveSchool
GEMS Wellington International School3.9 km, 8 min driveIB school
Ocean House is a 9-storey Ellington project on Palm Jumeirah with 88 homes, listed as penthouses and duplexes of 2 to 6 bedrooms, from AED 9,500,000 and with a listed handover of March 2026. That date has passed and may be out of date, so ask about the handover status and the completion certificate before you pay.
The from price per square foot is 9.6% above 85 similar two-bedroom sales on Palm Jumeirah registered with the Dubai Land Department in the 12 months to October 2026. Those are off-plan sales across the area, not only in this project.
The plan is 5% on booking, 55% during construction and 40% at handover. At the from price that is AED 475,000, then AED 5,225,000 during the build and AED 3,800,000 at handover. The 4% Land Department fee adds AED 380,000. The listed handover, March 2026, was about eight months ago, so ask how much of the construction share is already due and whether a completion certificate has been issued.
The listing gives sizes from 1,642 to 9,917 sq ft for 2 to 6 bedrooms. The developer's description puts the 6-bedroom suite at 11,770 sq ft or more and two 5-bedroom penthouses at 14,037 and 14,369 sq ft, above that range, so ask for the floor plans and the exact size of your home. The developer lists interiors by Bjarke Ingels Group (BIG), wood and travertine finishes and marble bathrooms; homes are sold unfurnished, with kitchen appliances included.
A clinic is about 370 m away. Al Sufouh Tram Stop and Dubai College are both about 3.1 km away, around 6 minutes by car. GEMS Wellington International School is about 3.9 km away and Dubai Internet City about an 8-minute drive. Ocean House is freehold.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
2 BR
3 BR
4 BR
5 BR
6 BR
How prices moved
Median price of 2-bed apartments in Palm Jumeirah, over the 12 months to each dateUp 12% from Dec 2024 to Sep 2026.
Dec 2024AED 4,685 per sq ft
Sep 2026AED 5,260 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 5,260 per sq ft
156 sales
Jun 2026
AED 5,278 per sq ft
168 sales
Mar 2026
AED 5,251 per sq ft
163 sales
Dec 2025
AED 4,962 per sq ft
134 sales
Sep 2025
AED 4,414 per sq ft
91 sales
Jun 2025
AED 4,074 per sq ft
92 sales
Mar 2025
AED 4,059 per sq ft
101 sales
Dec 2024
AED 4,685 per sq ft
119 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Can foreigners buy here?
Yes. Ocean House is in a freehold area, so foreign buyers can own outright.
When is handover?
The listed date is March 2026, which has passed, so it may be out of date. Ask for the handover status and whether a completion certificate has been issued.
How does the price compare with recent sales?
The from price per square foot is 9.6% above 85 similar two-bedroom sales on Palm Jumeirah in the 12 months to October 2026.
What do I pay at each stage?
At the from price: AED 475,000 (5%) on booking, AED 5,225,000 (55%) during construction and AED 3,800,000 (40%) at handover. Separately, the 4% Land Department fee comes to AED 380,000; ask when it is due.
How big are the homes?
The listing gives 1,642 to 9,917 sq ft, but the developer's description puts the 5- and 6-bedroom homes at 11,770 sq ft and more. Ask for the floor plans.
Is furniture included?
No. Homes are sold unfurnished, and the developer says kitchen appliances come with the home.
