Penthouse for Sale in Palm Jumeirah by Ellington

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Off Plan

4 Bed Penthouse for Sale in Palm Jumeirah – Ocean House by Ellington

developer logoEllington
Palm Jumeirah
Penthouse
0% Completed

About Property

Discover unparalleled luxury at Ocean House, a stunning 4-bedroom residence in the prestigious Palm Jumeirah, Dubai. This exquisite property, developed by Ellington, offers an exceptional living experience with breathtaking views and world-class amenities. Spanning an impressive 9,946.49 sq. ft., this residence is designed for those who appreciate the finer things in life. The interior boasts four en-suite bathrooms, spacious living areas, and a gourmet kitchen equipped with high-end appliances, perfect for culinary enthusiasts and those who love to entertain. Ocean House is more than just a home; it's a lifestyle. Residents enjoy access to private infinity-edge pools, state-of-the-art fitness centers, and wellness facilities, ensuring a holistic approach to well-being. The property also features dedicated covered parking, providing convenience and security. Families and pet owners will appreciate the pet-friendly community and the kids play area, creating a welcoming environment for all. The strategic location in Palm Jumeirah offers seamless connectivity to Dubai's key destinations, making it an ideal choice for both investors and families seeking a premium lifestyle. Investing in Ocean House means investing in a future of luxury and high returns. The property's prime location, coupled with its exceptional features and Ellington's reputation for quality, makes it a highly desirable asset in Dubai's thriving real estate market. The floor-to-ceiling windows offer panoramic ocean and city views, while the private balconies and terraces provide the perfect spaces for relaxation and entertainment. Smart home automation systems add a layer of convenience and modernity, allowing residents to control lighting, climate, and security with ease. Don't miss the opportunity to own a piece of paradise in one of Dubai's most sought-after locations.

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Location

Palm Jumeirah

Expected ROI

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Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
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