AMAZING OPPORTUNITY - Distressed Deal on Palm Jumeirah
Palm Jumeirah
For Sale
2 Bedrooms
3 Baths
4,213 sq. ft.
Condo
dh17,500,000
Overview
Instant Equity: A Private Pool Duplex, AED 5M Below Market Value.
The Foundry presents an extraordinary, verified distressed opportunity in the sold-out Ocean House by Ellington. This massive 2-bedroom duplex, spanning a total of 4,213 sq. ft., is available for AED 17,500,000—a price point that is AED 1.4 million below the original purchase price and estimated at AED 5 million below current market value. Located on the Northeastern Crescent of Palm Jumeirah, this residence offers the rare luxury of a private pool on its expansive terrace, commanding uninterrupted views of the Ocean, Burj Al Arab, and Downtown Dubai skyline. With handover slated for Q2 2026, this is a unique chance to secure a "villa in the sky" with significant instant equity.
Distressed Deal of the Year: Ocean House Duplex with Burj Al Arab Views.
Ocean House is a collaboration between Ellington Properties, Northacre, and Sol Properties, designed to bring a new layer of bespoke luxury to Palm Jumeirah. The architecture is defined by a "state of flow," featuring a façade that mimics the undulation of the ocean waves, utilizing soft shadows and intricate textures to connect residents with the sea. It is an exclusive collection of oceanfront residences that prioritizes personalization and privacy, creating a lifestyle incomparable to anywhere else on the island.
The development is anchored by a world-class wellness ecosystem. Residents enjoy access to a lush garden oasis featuring an Olympic-sized swimming pool, a private clubhouse with a cigar terrace, and a cinema room. Unique to Ocean House is its dedicated wellness spa, which includes a salt cave for halo therapy, infrared saunas, aromatherapy experience showers, and a hydrotherapy path, ensuring that health and wellbeing are central to the daily living experience.
Property Features
Gym
AC
Pool
Restaurants
Prime Location
Stunning Decor
24/7 Building Manager
Maid Room
Fully Furnished
Wellness & Recreation
Pet Friendly
Games Room
Location
Jumeirah Living, Dubai, UAE
Project Name: Ocean House by Ellington
Location: Palm Jumeirah, Northeastern Crescent
Property Type: 2-Bedroom Duplex (Type: 2 Bedroom Dual Duplex)
Total Size: 4,213 sq. ft. (Internal: 2,770 sq. ft. | Outdoor: 1,443 sq. ft.)
View: Ocean, Burj Al Arab, and Downtown Dubai
Handover: Q2 2026
Price: AED 17,500,000 (Distressed Deal)
Financial Highlight: AED 1.4M below Original Price & approx. AED 5M below Market Price.
Key Features: Private Pool on Terrace, Duplex Layout, Dual Kitchens, Maid’s Room.
Unit Description
A Vertical Villa with Private PoolThis spectacular duplex residence redefines apartment living, offering the space and privacy of a villa with the elevated views of a penthouse. Spanning two levels, the home features a massive 1,443 sq. ft. outdoor terrace equipped with its own private pool, creating an exclusive sanctuary for relaxation and entertainment. The interiors are finished with Ellington’s signature attention to detail, utilizing travertine tones, natural woods, and champagne gold fixtures to reflect a modern, elegant character.
Layout & Features
Lower Level (Entertaining): The ground floor of the duplex is dedicated to social spaces, featuring a vast formal living and dining area that opens directly onto the pool deck. It is serviced by dual kitchens—a designer show kitchen for hosting and a separate enclosed prep kitchen for heavy cooking. This level also includes a powder room, a dedicated store room, and a maid’s room with en-suite bath.
Upper Level (Privacy): Accessed via a feature staircase, the upper floor houses the private quarters. It includes a secondary lounge area on the landing, perfect for a family room or study. The two spacious bedrooms are located here, including a grand Primary Suite with a walk-in wardrobe and a spa-inspired bathroom featuring a freestanding bathtub and dual vanities.
Wellness Bathrooms: Bathrooms are designed as retreats, featuring textured stone, high-quality fittings, and sensor-touch wellness features.
Exclusive Building Amenities
Wellness Spa: Includes a salt cave, steam room, infrared sauna, and plunge pool.
The Clubhouse: A reconfigurable lounge with a show kitchen for private chefs and a cigar room.
Fitness & Recreation: An Olympic-sized outdoor pool, a state-of-the-art fitness studio, an outdoor yoga deck, and a dedicated cinema room.
Family Focused: Features a creative kids' play area with climbing walls and sensory boards, plus a dedicated kids' pool.
DLD Permit
Broker License
82017
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