ELLINGTON "Ocean House"
Ellington Properties · Palm Jumeirah · Dubai
SKID Score6.2 / 10
SKID Score
6.2 / 10
Proceed with caution
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: delivery risk. Weakest: entry price.
SKID warning
This project appears expensive relative to comparable transactions.
- Published price
- From AED 10.5M
- Payment plan
- Down payment 50%.
- Handover
- Jun 2027
- Available units
- 2–4 beds · Freehold
- Gross yield
- 1.9%
- Fair value
- -96.0%
- Risk
- Medium
- At handover
- 50% at or after handover
SKID intelligence
How does this project compare across all 10 factors?
- Gross yield
- 1.9%
- Fair value
- -96.0%
Last evaluated: 2026-10-07
01 · Ranked
10 factors
0% total
Tap any slice or factor below to inspect how SKID weighs and verifies it.
Why SKID gave it 6.2
| Factor | Weight | Score |
|---|---|---|
Location Waterfront or beach positioning | 26.7% | 7.9/ 10 |
Entry price Launch is -96.0% versus median DLD sale price per sq ft in this community | 20% | 3.2/ 10 |
Supply / competition Busy pipeline: 13 other launches in Palm Jumeirah | 13.3% | 5.0/ 10 |
Appreciation potential Community closed-sale trend is +8.0% year on year | 13.3% | 8.4/ 10 |
Rental yield Implied gross yield is 1.9% against community rents | 10% | 3.8/ 10 |
Delivery risk Handover sits in a typical off-plan window | 6.7% | 8.6/ 10 |
Service charges Service charge published at 25 | 3.3% | 5.5/ 10 |
Exit liquidity 1231 closed sales in the last year in this community | 6.7% | 8.6/ 10 |
Strong
- • Community closed-sale trend is +8.0% year on year
- • Handover sits in a typical off-plan window
- • 1231 closed sales in the last year in this community
Watch
- • Waterfront or beach positioning
Risk
- • Launch is -96.0% versus median DLD sale price per sq ft in this community
- • Busy pipeline: 13 other launches in Palm Jumeirah
- • Implied gross yield is 1.9% against community rents
- • Service charge published at 25
🤖What the agents are saying & Did each agent do its job?Show audit details ▾
Did each agent do its job?
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Ellington Properties is named, but there is no completed project on this catalog and no delivery record, so developer history did not change the SKID score. Delivery risk 8.6 / 10. Handover sits in a typical off-plan window.
Community read for Palm Jumeirah: location 7.9 / 10, supply 5.0 / 10. Waterfront or beach positioning Amenities mention park Busy pipeline: 13 other launches in Palm Jumeirah
Pricing agent: Launch is -96.0% versus median DLD sale price per sq ft in this community Service charge published at 25 1231 closed sales in the last year in this community
ROI agent: Community closed-sale trend is +8.0% year on year Implied gross yield is 1.9% against community rents
No payment plan split was published, so the payment plan did not change the SKID score.
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: delivery risk. Weakest: entry price.
What the agents are saying
News sentiment
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation
Ellington Properties is named, but there is no completed project on this catalog and no delivery record, so developer history did not change the SKID score. Delivery risk 8.6 / 10. Handover sits in a typical off-plan window.
Community
Community read for Palm Jumeirah: location 7.9 / 10, supply 5.0 / 10. Waterfront or beach positioning Amenities mention park Busy pipeline: 13 other launches in Palm Jumeirah
Pricing
Pricing agent: Launch is -96.0% versus median DLD sale price per sq ft in this community Service charge published at 25 1231 closed sales in the last year in this community
ROI
ROI agent: Community closed-sale trend is +8.0% year on year Implied gross yield is 1.9% against community rents
Payment plan
No payment plan split was published, so the payment plan did not change the SKID score.
Orchestrator
Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: delivery risk. Weakest: entry price.
Payment plan
Payment Plan 50% is due at or after handover. Down payment 50%.
Location
Palm Jumeirah · Dubai
Recent sales nearby
| Date | Type | Price | Sq ft | AED / sq ft |
|---|---|---|---|---|
| 2026-07-16 | Ready · Apartment | AED 2M | 676 | 2,960 |
| 2026-07-16 | Ready · Villa | AED 31M | 5,000 | 6,200 |
| 2026-07-16 | Ready · Villa | AED 40M | 7,000 | 5,714 |
| 2026-07-15 | Ready · Apartment | AED 5.48M | 1,709 | 3,203 |
| 2026-07-15 | Off-plan · Apartment | AED 18.96M | 4,213 | 4,500 |
| 2026-07-15 | Ready · Apartment | AED 7M | 1,975 | 3,544 |
| 2026-07-15 | Off-plan · Apartment | AED 11.45M | 3,477 | 3,292 |
| 2026-07-15 | Off-plan · Apartment | AED 5.31M | 1,764 | 3,010 |
Closed sales in this community. These are not this tower's own contracts unless the record says so.
Available units
2–4 beds · Apartments
AED 10.5M – AED 26.98M
1,630 – 4,642 sq.ft
AED 29.89M – AED 46.38M
5,173 – 8,185 sq.ft
From AED 49.28M
8,717 sq.ft
From 1630 sq ft / sq m as published
Service charge 25
Amenities
- Covered Parking
- Security & CCTV
- Laundry
- Concierge Service
- Children’s Pool
- Shared Pool
- Kids’ Play Area
- Central A/C
- Pets Allowed
- Lobby
- Cinema
- SPA
- Shared Gym & Fitness Centre
- Coworking Zone
- Dining outlets (coffee houses & restaurants)
- Retail Outlets
- Accessibility for people with disabilities
- Leisure Areas
Compare
ELLINGTON "Ocean House"
From AED 10.5M · ★ 6.2 / 10
Questions about this launch
- Who is building ELLINGTON "Ocean House"?
- Ellington Properties is the developer named on this launch.
- When is handover for ELLINGTON "Ocean House"?
- The published handover is Jun 2027.
- What is the starting price of ELLINGTON "Ocean House"?
- The published starting price is AED 10.5M.
- What does the SKID screen mean for ELLINGTON "Ocean House"?
- The SKID screen for this launch in Palm Jumeirah is 80 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.