2BR Apartment in Ocean House, Palm Jumeirah

This 2-bedroom apartment at Ocean House by Ellington offers 1,630 sq ft on the East Crescent of Palm Jumeirah, priced from AED 11,097,828 (about AED 6,808 per sq ft), with handover expected in Q2 2027.

Ocean House is a nine-storey boutique building by Ellington on the East Crescent of Palm Jumeirah, with 88 residences and views of the sea, Burj Al Arab and the Dubai skyline; sales opened in June 2023. The Dubai Land Department lists it as project 2691 (Northacre Ellington Development L.L.C), registered in June 2023 with 95 homes: 58 two-bedroom, 31 three-bedroom and 6 four-bedroom units, a slightly higher count than some agency pages give. Construction stood at 80.7% at the latest DLD inspection on 3 September 2026. Facilities include a pool deck, a health club and gym, a wellness spa, a cinema room, flexible workspaces and a kids' play area.

The Kempinski Hotel & Residences is about 10 minutes away by car, Burj Al Arab about 12 minutes and Dubai Marina about 15 minutes.

The 2-bedroom layout suits buyers who want a sea-view home in a small, design-led building on the Crescent.

What is the payment plan for Ocean House? 20% on booking, 50% during construction and 30% on handover (a 70/30 plan). Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Palm Jumeirah? Registered sales in Palm Jumeirah had a median of AED 3,315 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 763 sales). At about AED 6,808 per sq ft, this unit is around 105% above that median.

What rental yield can investors expect in Palm Jumeirah? The median annual rent was AED 202,000, a gross yield of about 3.8% over the same period (Dubai Land Department, 3,224 Ejari contracts in Palm Jumeirah). Actual returns depend on the unit, floor and market at handover.

When will Ocean House be completed? Our feed lists handover in Q2 2027.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.