Ocean House

1. Is it on schedule?30% built in July 2026; the register gives no handover date · DLD project register, Jul 202630%Context
2. Is my money protected?Payments go to an escrow account at بنك الشارقة, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 5,199/sqft, 6.1% below the Palm Jumeirah off-plan median across 17 projects-6.1%Context
4. Is it selling?8 off-plan sales registered in the last 12 months, of 95 units; the latest on 22 Jul 20268Context
5. Who is building it?The register names the master developer, Palm Jumeirah LLC; the builder is not recordedNo record

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 الشارقة

Master developer

Palm Jumeirah LLC

Registered start

June 2023

Configuration

Residential Building (B+G+9) + GYM + Swimming Pools.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. 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.

What does Ocean House cost per square foot?

AED 5,199 per sqft, the median of 8 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 18.55M. That is 6.1% below the Palm Jumeirah off-plan median across 17 projects.

Is Ocean House in escrow?

Yes: the Land Department register names بنك الشارقة 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 House?

The register names the master developer, Palm Jumeirah LLC, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Ocean House have?

95 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.