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Ocean Terrace

Ocean Terrace
License number: 202302934469

About Ocean Terrace

800,000 AED Starting Price from
1-3BR Available Units
266 Area from
(sq. ft.)
2012 Handover

Ocean Terrace is a modern 43-storey residential complex located on Al Reem Island in Abu Dhabi. The project was developed by Mismak Properties and was built in 2012. The complex consists of 400 apartments that are available to buy and rent. Properties include one- to three-bedroom apartments that range in size from 266 sq. ft (81 sq. m) to 647 sq. ft (197 sq. m).

Apartments have several bathrooms, equipped kitchens with modern appliances, spacious living rooms, dining areas, and built-in closets. Interiors offer beautiful and practical designs, and floors are lined with high-quality tiles. Panoramic windows provide stunning views of the surrounding area, as well as plenty of natural sunlight during the day.

Apartments that are available to buy come partially furnished, which is ideal for residents who are looking to add personalised design features to the spaces. Property prices start at AED 800,000 (USD 218,000), and annual rental rates start at AED 50,000 (USD 13,615). Rental properties are usually fully furnished, which offer a high level of comfort.

*The price is valid for 2021

The complex provides a variety of amenities, including:

  • Covered parking
  • Gym
  • Sauna
  • Outdoor swimming pool
  • Sports facilities
  • Children’s play area
  • 24-hour security with video surveillance

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Property Information

Location

Ocean Terrace is located in Marina Square on Al Reem Island, one of the busiest areas of Abu Dhabi. The island is connected to the central part of the city via major highways, such as Al Matla’i Street and Hazza’ Bin Zayed The First Street. Residents have easy access to other parts of the city through personal and public transportation. There are several bus stops, including Khor ʹAzeez St./Marina Square and Hazzaʹ Bin Zayed St./Marina Square, which are situated within walking distance of the apartments.

The area offers a well-developed infrastructure. Residents can take advantage of facilities located within a five-minute walk of the complex, including:

  • Marwanito’s gym
  • Karate class
  • Carrefour supermarket
  • Oxid cafe
  • Playhouse kindergarten

Additional facilities are situated within a 10-minute walk of the apartments, including:

  • Perfect Balance Rehabilitation Centre
  • Pharmacy
  • Cool Time Ladies Beauty Salon
  • Bank

Sorbonne University and Reem Hospital can be reached within a 15-minute drive of the complex, and Abu Dhabi International Airport is located within a 30-minute drive.

Residents can enjoy Mangrove National Park and Jubail Mangrove Park, which offer an abundance of nature, tours, and picnic areas.

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Payback

Marina Square offers many profitable real estate investment opportunities, which attract property buyers from around the world. The return on investment rate for a one-bedroom apartment is 7%, per annum.

Ocean Terrace has a convenient location within a lively part of Abu Dhabi. Residents can take advantage of the area’s well-developed infrastructure, as well as a wide range of onsite services and amenities.

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