Ocean Tower

1. Is it on schedule?30% built in September 2026 against a September 2026 handover: 70% left to build within the month · DLD inspection, 3 Sept 202630%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,927/sqft, 30.1% below the Dubai Islands off-plan median across 112 projects-30.1%Context
4. Is it selling?10 off-plan sales registered in the last 12 months, of 165 units; the latest on 14 Jul 202610Context
5. Who is building it?Ahmed Alansari, licence no. 1700Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك الإمارات دبي الوطني (ش.م.ع)

Developer, as licensed

AHMED ALANSARI REAL ESTATE DEVELOPMENT L.L.C (no. 1700)

Master developer

Nakheel

Registered start

October 2024

Configuration

G+2P+14+R Residential Building.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 3 Sept 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Ocean Tower be completed?

The developer registered handover for September 2026, 0 months after DLD’s latest record, and the project was 30% built as of September 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 3 Sept 2026.

What does Ocean Tower cost per square foot?

AED 1,927 per sqft, the median of 10 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.67M. That is 30.1% below the Dubai Islands off-plan median across 112 projects.

Is Ocean Tower in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Ocean Tower?

AHMED ALANSARI REAL ESTATE DEVELOPMENT L.L.C, licence no. 1700, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Ocean Tower have?

165 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.