Oceanscape
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Oceanscape

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About the project

Oceanscape is a mixed-use complex on Al Reem Island in Abu Dhabi and consists of two 35-storey twin towers. Oceanscape houses not only apartments with 1-3 bedrooms, but also townhouses and commercial premises. The developer of this project is DAMAC Properties.

On-site parking is available for residents and each building has several high-speed elevators, CCTV cameras and physical security to ensure the safety of residents. Concierge services are available around the clock. and the building also includes a shaded children’s playground.

The surrounding area of Oceanscape is fully landscaped and owners of the apartments can spend their free time on the well-groomed green lawns which are surrounded by numerous palm trees.

The following amenities are provided for a comfortable living for its residents; a fully equipped gym, a large swimming pool, as well as steam baths and jacuzzis, a spa and saunas.

Apartments ranging in size from 750 sq. ft to 2,400 sq. ft (70 sq. m-223 sq. m) are available for purchase, as well as four-bedroom townhomes ranging from 2,620 sq. ft to 3,200 sq. ft (243-297 sq. m). All townhomes offered have a private pool, an outdoor garden, multiple bathrooms and walk-in closets, as well as a large balcony overlooking the canal.

Apartment prices in Oceanscape start from AED 760,000 (USD 207,000) and go up to AED 2,000,000 (USD 544,500). The average price of townhouses in the same area are AED 2,700,000 (USD 735,000).

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Location

Oceanscape is located close to the main highways of Abu Dhabi, which means you can reach the center of the city in just 15 minutes.

There are several restaurants in close proximity to the complex, including La Brioche, Urban Portion and Natural Kitchen.

The Boutik shopping center is a 7-minute walk from the apartments.

Supermarkets such as Dikkan Saifan, Almaya Mart, Lulu Express Fresh Market and Waitrose are located near Oceanscape.

On the island of Al Reem are several kindergartens – Mosaic Nursery, Hummingbird Nursery, Playhouse Nursery, as well as the prestigious Repton School Abu Dhabi.

Not far from the complex is the University of Paris-Sorbonne University.

The nearest medical facility to Oceanscape is Burjeel Hospital.

Payback

The Return on Investment (ROI) in Oceanscape ranges from 5 to 7%. The most profitable units are considered apartments with one bedroom. The annual cost of rent for a one bedroom residence ranges from AED 57,000 to AED 120,000 (USD 15,500- USD 32,600). Townhouses with four bedrooms are rented for prices ranging from AED 72,000 to AED 150,000 (USD 19,600- USD 41,000). The average payback period for the project is 20 years.

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