New This Week · Ref BP-OP-001
Palm Jumeirah · Beachfront
Ocean House II is Ellington’s second act on Palm Jumeirah’s west crescent — a low-rise collection of 2–4 bedroom residences opening directly onto a private stretch of beach. Interiors follow the studio’s signature restraint: book-matched stone, oak floors, floor-to-ceiling glazing framing an uninterrupted line of sea from every principal room.
The address sits inside the Nakheel master plan, minutes from Nakheel Mall and the Palm monorail, with the West Beach dining strip on foot. Residents share a 50-metre lap pool, a private beach club, wellness suite and concierge — the amenity set that has kept Ellington’s first Ocean House trading at a premium to the wider Palm market since handover.
On the numbers: at AED 5,000/sqft the launch pricing lands under comparable beachfront resale, and short-let comparables on the crescent support a projected 6.5% net yield. First-time buyers of off-plan on the Palm currently benefit from the DLD fee waiver programme on select Ellington launches — we confirm eligibility unit by unit at reservation.
Payment Plan
20%
On Booking
Reservation deposit and SPA signature. DLD registration handled by us.
40%
During Construction
Milestone-linked instalments through to Q3 2028, tied to independent inspection.
40%
On Handover
Balance at completion, Q4 2028 — mortgage-financeable at handover.
The Numbers
| Price from | AED 9,200,000 |
| Per sqft | AED 5,000 |
| Handover | Q4 2028 |
| Payment plan | 60/40 |
| Projected net yield | 6.5% |
| Service charge | AED 18 / sqft / yr |
Questions
Yes. Reservation, SPA signature and DLD registration can all be completed remotely with a power of attorney or digital signature. Roughly half our roadshow clients complete without setting foot on site before handover.
All instalments are paid into a RERA-regulated escrow account released to the developer only against certified construction milestones — not directly to Ellington.
Yes — Ellington permits assignment once 30–40% of the price is paid, subject to an NOC. Palm Jumeirah off-plan has historically been among Dubai’s most liquid pre-handover markets.
See It In Person
Floor plans, launch allocations and developer pricing — one-to-one, in your city.
Reserve Your Seat
The Neighborhood
The island that made Dubai’s name — Atlantis The Royal, Nakheel Mall and the West Beach strip within minutes, and the emirate’s most defended beachfront values.
AED 4,120
Avg / sqft
+9.8%
YoY Growth
Keep Looking
Next Step
Floor plans, unit availability and payment schedule for Ocean House II — Ref BP-OP-001.