Damac Properties Dubai Co. PSC
Damac Properties Dubai Co. PSC
11/08/2024 | News release | Distributed by Public on 11/08/2024 05:31
Damac Ocean Heights | Luxury Properties in Dubai Marina
Fri, 08 Nov, 2024
In the heart of Dubai Marina stands a testament to luxury living-Damac Ocean Heights. Rising majestically with its sleek, modern design, this 83-storey skyscraper is an architectural marvel developed by the renowned DAMAC Properties.
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With its strategic location, residents are treated to stunning views of the Arabian Gulf and the vibrant skyline, blending urban convenience with a serene waterfront lifestyle. Whether you're captivated by its proximity to world-class dining, shopping, or the thrill of Dubai's nightlife, Damac Ocean Heights offers an unparalleled living experience that embodies sophistication and comfort.
Overview of Damac Ocean Heights
|
Feature |
Details |
|
Type of Building |
Residential skyscraper |
|
Developer |
DAMAC Properties |
|
Completion Date |
October 2010 |
|
Number of Floors |
83 |
|
Unit Types |
1, 2, 3, and 4-bedroom apartments |
|
Apartment Sizes |
1-Bedroom: 877 - 1,200 sq. ft., 2-Bedroom: 1,006 - 1,664 sq. ft., |
|
Key Amenities |
- Indoor & outdoor swimming pools |
|
Parking Facilities |
Reserved parking for residents; street parking for visitors |
|
Security & Safety |
CCTV surveillance, fire alarms, and extinguishers |
|
Concierge Services |
24-hour concierge and guest reception area |
Location and Connectivity of Damac Ocean Heights
|
Location Feature |
Details |
|
Area |
Dubai Marina - A prestigious waterfront community known for its vibrant lifestyle and luxury residences. |
|
Address |
Ocean Heights Tower, Al Sufouh Road, Dubai Marina, Dubai, UAE |
|
Proximity to Major Roads |
Direct access to Sheikh Zayed Road (E11), providing easy connectivity to key business hubs like Downtown Dubai and Jebel Ali. |
|
Distance to Key Landmarks |
- Palm Jumeirah: 10-minute drive |
|
Nearby Public Transport Options |
|
|
Metro Station |
- Al Khail Metro Station (Red Line): 8-minute drive |
|
Tram Station |
- Mina Seyahi Tram Station: Just a 1-minute walk, providing seamless access to key locations in Dubai Marina and JBR |
|
Bus Stops |
- Media City Tram Bus Stop: 5-minute walk |
|
Airport Connectivity |
- Dubai International Airport (DXB): 30-minute drive |
|
Nearby Attractions & Lifestyle |
|
|
Dubai Marina Walk |
- 6-minute drive or a 15-minute walk; perfect for waterfront dining, shopping, and leisure activities. |
|
Dubai Marina Mall |
- 5-minute drive; features a wide range of retail outlets, entertainment, and dining options. |
|
The Beach at JBR |
- 10-minute drive; a popular beach destination with shops, restaurants, and water sports. |
|
Sufouh Beach |
- 8-minute drive; a serene beach perfect for relaxation and family outings. |
|
Healthcare Facilities Nearby |
|
|
Hospitals |
- Mediclinic Al Sufouh: 10-minute drive |
|
Pharmacies |
- Marina Pharmacy: 5-minute drive |
|
Educational Institutions |
|
|
Schools |
- Emirates International School Meadows: 10-minute drive |
|
Nurseries |
- Blossom Nursery Dubai Marina: 11-minute drive |
|
Supermarkets |
- Carrefour: 7-minute walk |
Key Highlights of Connectivity
- Sheikh Zayed Road (E11): The main artery of Dubai, providing quick access to major destinations.
- Public Transportation: Excellent connectivity with the Dubai Tram, Metro, and bus routes, ensuring convenient commutes.
- Walking Distance to Amenities: Ocean Heights residents benefit from a pedestrian-friendly environment with easy access to restaurants, retail outlets, and leisure spots.
This detailed breakdown ensures readers get a comprehensive understanding of the prime location and excellent connectivity that Damac Ocean Heights offers, making it an attractive option for both residents and investors.
Apartment Types and Features at Damac Ocean Heights
|
Apartment Type |
Size Range |
Key Features |
|
1-Bedroom Apartments |
877 - 1,200 sq. ft. |
- 1-2 bathrooms |
|
2-Bedroom Apartments |
1,006 - 1,664 sq. ft. |
- 2-3 bathrooms |
|
3-Bedroom Apartments |
1,500 - 2,299 sq. ft. |
- 3-4 bathrooms |
|
4-Bedroom Apartments |
2,622 - 5,000 sq. ft. |
- 6-7 bathrooms |
Additional Features Across All Units:
- Built-in wardrobes for efficient storage.
- Floor-to-ceiling windows to maximize natural light and offer stunning views.
- Modern kitchen fittings with high-quality cabinetry.
- Central air conditioning for year-round comfort.
Facilities and Amenities at Damac Ocean Heights
|
Facility |
Details |
|
Parking |
Reserved parking spaces for each unit; street parking available for visitors. |
|
Elevators |
High-speed elevators ensuring quick access to all floors. |
|
Security |
- 24/7 CCTV surveillance |
|
Fitness and Recreation |
|
|
Gymnasium |
Fully equipped, state-of-the-art gym with modern fitness equipment. |
|
Swimming Pools |
- Indoor and outdoor swimming pools |
|
Sports Facilities |
- Tennis court |
|
Children's Play Area |
Dedicated play area with safe, child-friendly equipment. |
|
Lifestyle Amenities |
|
|
Concierge Service |
24-hour concierge and guest services to assist with resident needs. |
|
Lobby Area |
Spacious and elegant lobby for welcoming guests. |
|
Pet Policy |
Pets are not allowed in the building, ensuring a clean and peaceful environment for residents. |
Additional Lifestyle Benefits:
- Proximity to Dubai Marina Walk for leisure and dining.
- Access to nearby beaches and parks for outdoor activities.
- Convenient access to shopping and entertainment venues like Dubai Marina Mall.
This section provides a comprehensive overview of the apartment features and amenities, making Damac Ocean Heights a top choice for luxury living in Dubai Marina.
Floor Plans and Layout
- 2D and 3D Floor Plans: Ocean Heights offers detailed 2D and 3D floor plans,
-
Unit Layouts:
- 1-Bedroom Apartments: Feature spacious living/dining areas, modern kitchens, and balconies.
- 2-Bedroom Apartments: Designed for comfort with additional space for a study or maid's room.
- 3-Bedroom Apartments: Expansive layouts with larger living areas and balconies, ideal for families.
- 4-Bedroom Penthouses: Luxury units with spacious terraces, perfect for entertaining guests.
- Interior Design: All units are thoughtfully designed with modern interiors, high-quality finishes, and floor-to-ceiling windows for breathtaking views of the Marina and Arabian Gulf.
Rental Trends in Ocean Heights (Updated for 2024)
|
Apartment Type |
Annual Rent Range (AED) |
|
1-Bedroom |
AED 99,000 - AED 120,000 |
|
2-Bedroom |
AED 140,000 - AED 155,000 |
|
3-Bedroom |
AED 200,000 - AED 250,000 |
|
4-Bedroom Penthouse |
AED 375,000 - AED 1,150,000 |
Factors Driving Rental Demand:
- Prime Location: Proximity to the beach, shopping centers, and Dubai Marina Walk.
- Luxury Amenities: Indoor/outdoor pools, fitness centers, and 24/7 concierge services.
- Stunning Sea Views: Apartments with panoramic views attract long-term tenants.
Sales Trends in Ocean Heights (Updated for 2024)
|
Apartment Type |
Sale Price Range (AED) |
|
1-Bedroom |
AED 1,330,000 - AED 1,800,000 |
|
2-Bedroom |
AED 2,200,000 - AED 4,500,000 |
|
3-Bedroom |
AED 2,700,000 - AED 2,900,000 |
Investment Insights:
- High ROI: 1 and 3-bedroom units offer attractive returns, making them ideal for investors.
- Airbnb Potential: Due to the popularity of short-term rentals in Dubai Marina, many investors turn these apartments into high-yielding Airbnb properties.
Nearby Amenities and Landmarks
-
Supermarkets:
- West Zone Supermarket - 5-minute walk
- Carrefour Market - 7-minute walk
- Beach City Supermarket - 10-minute walk
-
Healthcare Facilities:
- City Doctor Healthcare Center - 10-minute drive
- Mediclinic Al Sufouh - 12-minute drive
-
Educational Institutions:
- iCademy Middle East - 8-minute drive
- Emirates International School Meadows - 10-minute drive
- Blossom Nursery Dubai Marina - 11-minute drive
-
Dining Options:
- Marina House
- Lamoroso Restaurant & Cafe
- Melt and Roast (all within a 10-minute drive)
-
Leisure & Recreation:
- Dubai Marina Walk - 6-minute drive
- Dubai Marina Mall - 5-minute drive
- Sufouh Beach - 8-minute drive
Transportation and Accessibility
-
Public Transport Options:
- Metro: Al Khail Metro Station (Red Line) - 8-minute drive
- Tram: Mina Seyahi Tram Station - 1-minute walk
- Bus: Media City Tram Bus Stop - 5-minute walk
-
Parking:
- Residents: Dedicated parking spots for each unit.
- Visitors: Ample street parking available nearby.
-
Accessibility to Key Neighborhoods:
- Jumeirah Beach Residence (JBR): 10-minute drive
- Dubai Media City: 5-minute drive
- Downtown Dubai: 20-minute drive
Service Charges in Ocean Heights
|
Service Type |
Price Per Sq. Ft. (AED) |
|
General Services |
AED 3.46 |
|
Maintenance |
AED 5.19 |
|
Utilities |
AED 7.12 |
|
Improvement |
AED 2.24 |
|
Management |
AED 0.90 |
|
Insurance |
AED 0.66 |
|
Master Community |
AED 0.38 |
|
Reserved Fund |
AED 0.58 |
|
Total Service Charge |
AED 16.40 per sq. ft. |
Importance of Service Charges:
These charges ensure the building maintains its high-quality facilities, security, and overall living standards, contributing to its appeal among residents and investors alike.
Investment Opportunities and ROI in Ocean Heights
|
Apartment Type |
Rental Yield (ROI) |
|
1-Bedroom |
7.52% |
|
2-Bedroom |
6.09% |
|
3-Bedroom |
7.58% (highest ROI) |
Why Invest in Ocean Heights?
- Strong ROI: With rental yields reaching up to 7.58%, Ocean Heights stands as a lucrative option for investors, especially for 1 and 3-bedroom units.
- Long-term Growth Potential: Dubai Marina remains one of Dubai's most sought-after areas, with continuous demand for rental properties driven by its prime location and lifestyle amenities.
- Short-Term Rental Potential: Due to its location and stunning views, units in Ocean Heights are popular on Airbnb, offering high returns for short-term rentals.
Investment Advantages:
- High demand from expats and professionals seeking luxury waterfront living.
- Growing popularity for holiday homes, making it an ideal investment for vacation rentals.
- Future appreciation expected due to continuous infrastructure development and Dubai Marina's enduring appeal.
Pros and Cons of Living in Ocean Heights
Pros
- Prime Location in Dubai Marina: Offers residents easy access to the beach, Dubai Marina Walk, and top-rated dining and entertainment venues.
- Luxurious Amenities: World-class facilities including a fully-equipped gym, swimming pools, tennis courts, and 24/7 concierge services.
- Stunning Sea Views: Floor-to-ceiling windows and spacious balconies provide panoramic views of the Arabian Gulf and Marina.
- Excellent Connectivity: Close to Sheikh Zayed Road, metro, tram, and bus stations, ensuring hassle-free commuting.
Cons
- No Pet Policy: Ocean Heights does not allow pets, which might be a drawback for pet owners.
- Limited Visitor Parking: Street parking is available, but there are no dedicated visitor parking spots within the building.
Considerations for Potential Residents:
- Ocean Heights is ideal for professionals and families looking for a luxurious lifestyle but may not be suitable for pet owners due to its strict no-pet policy.
FAQs
1. What is Damac Ocean Heights in Dubai Marina?
- Damac Ocean Heights is an iconic 83-storey residential skyscraper developed by DAMAC Properties in the heart of Dubai Marina.
- Completed in October 2010, it offers luxurious 1 to 4-bedroom apartments with breathtaking views of the Arabian Gulf and Marina skyline.
- The tower is renowned for its prime location, world-class amenities, and proximity to popular destinations like Dubai Marina Walk and The Beach at JBR.
2. What types of apartments are available in Damac Ocean Heights?
-
Ocean Heights offers a variety of unit types to suit different preferences:
- 1-Bedroom Apartments: Sizes range from 877 to 1,200 sq. ft. with spacious balconies.
- 2-Bedroom Apartments: Ranging between 1,006 to 1,664 sq. ft., with some units including a maid's room.
- 3-Bedroom Apartments: Larger layouts of 1,500 to 2,299 sq. ft., perfect for families.
- 4-Bedroom Penthouses: Ultra-luxury units with sizes up to 5,000 sq. ft., featuring terraces and premium finishes.
3. How much does it cost to rent an apartment in Damac Ocean Heights?
-
Rental prices (2024):
- 1-Bedroom: AED 99,000 to AED 120,000 per year.
- 2-Bedroom: AED 140,000 to AED 155,000 per year.
- 3-Bedroom: AED 200,000 to AED 250,000 per year.
- 4-Bedroom Penthouses: AED 375,000 to AED 1,150,000 per year.
- The tower's luxurious amenities, sea views, and proximity to transportation make it a popular choice for renters.
4. What is the ROI (Return on Investment) for properties in Ocean Heights?
-
Ocean Heights offers strong rental yields, making it an attractive investment:
- 1-Bedroom: 7.52% ROI
- 2-Bedroom: 6.09% ROI
- 3-Bedroom: 7.58% (highest ROI)
- Investors benefit from high demand in Dubai Marina, especially from expatriates and tourists looking for luxury short-term rentals.
5. Is Ocean Heights pet-friendly?
- Unfortunately, pets are not allowed in Ocean Heights. The building enforces a strict no-pet policy to maintain cleanliness and a peaceful environment for residents.
- Potential tenants who are pet owners may need to explore other pet-friendly buildings in Dubai Marina.
6. What amenities does Damac Ocean Heights offer?
-
Residents at Ocean Heights enjoy access to a range of high-end facilities:
- Fitness & Recreation: Fully equipped gym, indoor/outdoor swimming pools, tennis court, and basketball court.
- Leisure & Lifestyle: Children's play area, 24/7 concierge service, and a luxurious lobby.
- Security: 24-hour CCTV surveillance, fire alarms, and dedicated security staff.
- The building's amenities are designed to enhance comfort and convenience, attracting both families and professionals.
7. What is the service charge for Damac Ocean Heights?
-
Service charges (2024):
- General Services: AED 3.46 per sq. ft.
- Maintenance: AED 5.19 per sq. ft.
- Utilities: AED 7.12 per sq. ft.
- Total: AED 16.40 per sq. ft.
- These charges help maintain the building's high standards, ensuring that facilities and services remain top-notch.
8. What makes Ocean Heights a popular choice for expats?
- Prime Location: Situated in Dubai Marina, it offers easy access to Sheikh Zayed Road, JBR, and Downtown Dubai.
- Public Transport: Close proximity to Al Khail Metro Station, Mina Seyahi Tram Station, and bus stops ensures convenient commuting.
- Lifestyle: Surrounded by dining, shopping, and leisure options like Dubai Marina Walk and Dubai Marina Mall.
9. Can I buy an apartment in Damac Ocean Heights as a foreigner?
- Yes, Dubai Marina is located in a freehold area, meaning foreigners can purchase properties here with full ownership rights.
-
Price range (2024):
- 1-Bedroom: AED 1,330,000 to AED 1,800,000.
- 2-Bedroom: AED 2,200,000 to AED 4,500,000.
- 3-Bedroom: AED 2,700,000 to AED 2,900,000.
- With attractive ROI rates, investing in Ocean Heights is a smart choice for both residents and international investors.
10. What are the nearby landmarks and amenities?
- Supermarkets: West Zone Supermarket, Carrefour Market, and Beach City Supermarket are all within walking distance.
- Healthcare Facilities: City Doctor Healthcare and Mediclinic Al Sufouh are nearby for residents' convenience.
- Educational Institutions: iCademy Middle East, Emirates International School Meadows, and Blossom Nursery.
- Leisure Spots: Dubai Marina Walk, Dubai Marina Mall, and Sufouh Beach are all just a short drive away.
11. Is Ocean Heights suitable for families?
-
Absolutely. The building offers spacious 2 to 4-bedroom units ideal for families, with amenities like:
- Children's play area
- Proximity to schools and nurseries
- Family-friendly environment with parks and beaches nearby
- The secure and tranquil atmosphere makes it a perfect choice for families looking to enjoy the Dubai Marina lifestyle.
12. What are the future prospects for property value in Ocean Heights?
- Due to its strategic location and continuous development in the Dubai Marina area, property values in Ocean Heights are expected to appreciate over time.
- The building's high rental yields and proximity to popular attractions make it a reliable long-term investment.
- Additionally, with Dubai's real estate market rebounding in 2024, the demand for luxury residences like Ocean Heights is on the rise.
Why Choose Damac Ocean Heights?
Damac Ocean Heights stands as a symbol of luxury and convenience in the heart of Dubai Marina, one of the city's most vibrant and sought-after locations. With its stunning architecture, prime waterfront views, and world-class amenities, it offers an unparalleled living experience. Whether you're a professional looking for a stylish home close to the city's business districts or an investor seeking a high ROI with strong rental yields, Ocean Heights presents an excellent opportunity.
Its proximity to top attractions, shopping malls, dining spots, and convenient access to public transport make it a preferred choice for both residents and short-term visitors. While the no-pet policy and limited visitor parking may pose challenges, the building's luxurious offerings and strategic location far outweigh these minor inconveniences.
Investing in Damac Ocean Heights means not just acquiring a property but embracing a lifestyle defined by elegance, comfort, and convenience. Whether you're planning to rent, buy, or invest, Ocean Heights remains one of Dubai's standout residential choices for 2024 and beyond.
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