Distress Deal: Ocean House — Palm Jumeirah | Massive 4,213 Sq. Ft. 2BR | Ellington Properties | Below Market Value

Secure a rare architectural masterpiece in Ocean House by Ellington Properties, located on the prestigious North Crescent of Palm Jumeirah. This ultra-luxury 2-bedroom residence spans an incredible 4,213 sq. ft.—a size typically reserved for penthouses. Offered at AED 17,900,000, this distress deal sits significantly below the current market value for Ellington’s flagship waterfront development. With a Q4 2026 handover, this is a prime opportunity for elite investors to capture substantial capital appreciation in Dubai’s most exclusive postcode.

Property Specifications

• Project: Ocean House

• Developer: Ellington Properties

• Location: North Crescent, Palm Jumeirah

• Unit Type: Ultra-Luxury 2-Bedroom Apartment

• Size: 4,213 Sq. Ft. (391.4 sqm)

• Asking Price: AED 17,900,000

• Price per Sq. Ft.: AED 4,248 /sq. ft.

• Handover: Q4 2026

• Reference No.: PF-KF-DXB-000263-Apt-LIC-48118

Investment Highlights

• Exceptional Value: At AED 4,248 per sq. ft., this unit is priced competitively for a bespoke Ellington development on the Palm, where secondary market rates for similar luxury tiers often exceed AED 5,500/sq. ft.

• Signature Ellington Quality: Known for “Boutique Luxury,” Ellington Properties delivers world-class finishing, hotel-inspired lobbies, and meticulous attention to detail.

• Rare Layout: A 4,213 sq. ft. 2-bedroom unit is an anomaly in the market, providing massive living areas, expansive terraces, and unmatched privacy.

• Palm Jumeirah Appreciation: As a finite landmass, property values on the North Crescent continue to outperform the broader Dubai market.

World-Class Amenities

Ocean House offers a lifestyle of curated wellness and leisure:

• Wellness & Leisure: Olympic-sized Swimming Pool, State-of-the-Art Gym, and Lush Landscaped Lawns.

• Entertainment: Outdoor Cinema, Lobby Lounge, and BBQ Areas.

• Family & Community: Kids Play Area, Picnic Areas, and on-site Mosques.

• Sports & Convenience: Sports Facilities, Retail Outlets, High-end Restaurants, and 24/7 Security.

• Golf: Proximity to world-class Golf Courses.

Location & Connectivity

• Atlantis The Royal: 5 Minutes

• Nakheel Mall: 10 Minutes

• Dubai Marina: 20 Minutes

• Downtown Dubai: 25 Minutes

• Dubai International Airport (DXB): 35 Minutes