Oceanscape by DAMAC Properties

About the Project

The complex consists of two 35-storey residential towers with 29 residential floors, a ground floor and three podium levels that connect the building. All apartments and townhouses are provided with balconies and offer gorgeous views of the Arabian Gulf. Those interested in obtaining a unit in Oceanscape can choose from 1-3 bedroom apartments with areas ranging from 750 sq.ft to 2,400 sq.ft and 4 bedroom townhouses with living areas from 2,620 sq.ft to 3,200 sq.ft. Each townhouse is also provided with a private swimming pool.

On the territory of Oceanscape there is also an infinity pool with views of the beautiful surrounding mangroves and the Arabian Gulf. Residents can practice sports in the on-site gym with state-of-the-art fitness equipment, visit the steam and sauna rooms, as well as relax in the massage rooms or enjoy the landscaped garden, which is an ideal place for social events. Parents will appreciate the children’s playroom and audio visual entertainment center within the building as well.

Residents of Oceanscape are provided with 24/7 concierge services and individual smart home technology will provide residents with both comfort and extra security. The reception area has a double height lobby and a guest lounge which is an ideal place to conduct business meetings or meet with your friends. The covered parking can be found on the ground, first and second floors and three levels of boutiques are offered to the residents of the development and to visitors.

Oceanscape is located on Al 'Oud Street in Shams Abu Dhabi, one of the most luxurious districts of Al Reem Island. From here residents can easily get to any area of the Emirati capital both by public transport and by car. The nearest bus stop that can be reached in less than 5 minutes' on foot is called Al 'Oud St / Repton School. It takes about 40 minutes' to get to the center of Abu Dhabi using bus 67 from the above-mentioned bus stop, while a car ride will take about 15 minutes. Abu Dhabi International Airport can be reached within a 35-minute drive.

The surrounding social infrastructure is excellent, with the following amenities and facilities within 20 minutes' of the development:

Belvedere British Nursery and Liverpool Nursery can be reached within a 5-minute drive.

Repton School which follows the British National Curriculum, can be reached in less than a 10-minute walk.

It takes 20 minutes' to get from Oceanscape to GEMS Winchester School and Abu Dhabi International School, which is considered one of the best schools of Abu Dhabi.

Sorbonne University Abu Dhabi, located on the Al Reem Island, can be reached in less than 10 minutes' by car.

Reem Hospital and Cleveland Clinic Abu Dhabi, where one can get professional help in family medicine, ENT, ophthalmology, neurology, gastroenterology, and more, are just a 10-minute drive from Oceanscape.

The closest recreational activities are as follows:

Reem Central Park, one of the most well-known places to relax, will take about 5-minutes' to get to from Oceanscape on foot. Visitors of the park can walk along the canal and the beach, practice sports, or read and spend time with their friends on the green lawns. A children's playground and a skate park can also be found here as well. Dogs are allowed in several areas of the park too.

The shopping center, Shams Boutik Mall, can be reached within a 5-minute drive of Oceanscape. Visitors can find countless retail outlets, cafes and family-friendly activities.

Galleria Mall has about 400 stores including H&M, Zara, Books Kinokuniya and various F&B outlets, the National Geographic Ultimate Explorer attraction and a 21-screen VOX Cinema, and is just a 15-minute drive from Oceanscape.

Cafes and restaurants such as La Brioche, which offers French cuisine, and First Clique with Middle Eastern and international dishes, is where you can spend time with your friends or colleagues, and is a 15-minute drive from Oceanscape.

Investment Appeal

Since all the construction work on the Oceanscape complex has already been completed, buying a property here means you can either move in immediately or start renting it out for a stable passive income in the future. Oceanscape on Al Reem Island is fairly popular with both investors and tenants (business professionals, singles, and couples with children) due to its close proximity to the business centers and neighbourhoods of the emirate, and the large number of educational institutions and entertainment activities within the vicinity. Given this point, it is worth noting that the initial cost to rent an apartment with one bedroom in Oceanscape starts from AED 50,000 (USD 13,600) per year, offering a return on investment (ROI) of no less than 6.6% per year. In addition to all the above, it is worth noting that experts in the field of the real estate market in Abu Dhabi suggest that in 2022, rental prices will rise by another 7-9%, which only strengthens the position of the emirate as a favorable environment for investment.