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1. Definition of the area and data structure
Actual location: The OCEAN HOUSE building is officially classified as being in Palm Jumeirah according to DLD transaction data (area_name_en: Palm Jumeirah, master_project_en: Palm Jumeirah).
The total number of transactions for OCEAN HOUSE in the DLD database is 92. Among them there are no sales of 1-bedroom apartments; all transactions relate to 2-, 3- and 4-bedroom units. This is confirmed both by the absence of records under the “1 b/r” filter and by the unique apartment-type values for this building. Therefore, all further assessments are given for the building as a whole and for the district, rather than specifically for 1-bedroom units in this project.
2. Sales volume and dynamics
For OCEAN HOUSE, transactions were recorded in 2023 (55 deals) and 2024 (29 deals), and there are also future transactions dated 2025, which are not included in the analysis (only periods up to the current date are considered).
Quarterly dynamics of the average price per square meter in OCEAN HOUSE (all apartments):
– 2023, Q3: ~55,300 AED/m²
– 2023, Q4: ~56,200 AED/m²
– 2024, Q1: ~55,100 AED/m²
– 2024, Q2: ~49,200 AED/m²
– 2024, Q3: ~58,500 AED/m²
– 2024, Q4: ~60,700 AED/m²
Over the last 12 months, the average sale price per square meter in the building is 57,464 AED/m².
For comparison: across Palm Jumeirah as a whole (over the last 12 months) the average sale price is 34,457 AED/m².
3. Market price level and comparison with the area
Based on the last 12 months, OCEAN HOUSE is trading at a substantial premium to the district (approximately 67% above the Palm Jumeirah average). This reflects the new-build status of the tower, its prime segment positioning and, potentially, a higher standard of amenities and infrastructure.
Average prices per m² by quarter in Palm Jumeirah show mixed movements, but do not reach the OCEAN HOUSE level (for example, in 2024 district-wide values fluctuated from ~28,600 to 46,800 AED/m²).
4. Rental analysis and dynamics
There are no registered rental contracts for OCEAN HOUSE in the DLD database. Accordingly, analysis of annual rental rates and yields for this building is not possible.
For Palm Jumeirah, the sample size is large (29,765 residential lease contracts), which allows for district-level estimates. For a correct ROI comparison, fair price and yield calculations are only possible using Palm Jumeirah-wide data.
5. Investment metrics and yield
Given the absence of rental contracts directly for OCEAN HOUSE:
– Over the last 12 months, it is not possible to calculate a yield (ROI) for the building — there is no DLD rental rate data.
– For the district (Palm Jumeirah) there is sufficient rental data; however, the actual yield level for OCEAN HOUSE may differ significantly due to its premium entry price and other factors.
– A fair “investment” price range based on a 7–8% annual yield target (fair price range at target yield) cannot be estimated without rental rates; any yield calculations for an investor in this asset would be speculative without corresponding DLD data.
6. Summary of liquidity and outlook for the asset
– Liquidity (sales): OCEAN HOUSE demonstrates good liquidity within the new ultra-prime segment (around 92 deals in less than two years); sales activity is high.
– Price dynamics: the building’s average price is growing moderately, lagging behind the quarterly peaks, but consistently holding at a high level relative to the district.
– Rental demand: according to DLD, there are no contracts for the building. CONCLUSION: as of the end of the period there are no registered long-term tenants — either the project is being sold entirely as a “residential end-user” product, or rentals may appear later.
– For a long-term investor focused on rental income, there is currently no transparency regarding actual rental rates and potential ROI for this building. Average indicators for the district can be used as a benchmark, but for ultra-prime assets of this level such comparisons are only approximate.
7. Investor takeaway
OCEAN HOUSE is a typical example of an ultra-prime new development on Palm Jumeirah, trading at a 60–70% premium to the district’s average market levels. The project is more attractive to buyers focused on capital appreciation and prestige than to yield-driven investors targeting high rental returns. In the absence of publicly registered rental transactions and relying solely on DLD statistics, it is not possible to calculate a reliable ROI or a fair income-based price for this asset.
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