Ocean Terrace Tower is a 43-storey skyscraper in Marina Square on Al Reem Island. Near the complex there is a mosque, a shopping centre, and various cafes, restaurants, parks and supermarkets. Construction was completed in April 2012, and the developer is Mismak Properties.
The tower offers spacious 1-3 bedroom apartments for sale . with total areas ranging from 839 square feet to 2,730 square feet.
All properties in Ocean Terrace Tower are designed so that residents enjoy the highest level of comfort. The apartments have a spacious living/dining room, bedrooms with adjoining bathrooms, built-in closets and an equipped kitchen. Some residences also have a staff room, walk-in closet and pantry.
Smart home technology has been implemented for the residents’ convenience. All apartments have panoramic windows which offer magnificent views of Marina Square, the marina and the Arabian Gulf.
At Ocean Terrace Tower, services and amenities include:
1-bedroom apartments start at AED 720,000 (USD 196,000) in Q1 2023.
*The price is valid for 2021
Marina Square is one of the first areas that became a freehold zone in Abu Dhabi. Here, real estate can be purchased not only by locals but also by foreigners. Construction of the area is on-going , so investing in property right now allows you to count on a significant increase in its value after the end of construction.
It is worth noting the comfortable conditions in the Ocean Terrace Tower complex, which are ideal for young couples and families with children. Investing in apartments in the complex allows you to count on a profitability of 6.5-8%. The most profitable investment is considered to be the purchase of apartments with one bedroom, the ROI being 7.7%.
You can get from AED 52,000 (USD 14,000) annually, if you plan to rent the property out after purchase.
*The price is valid for 2021
Within a 5-10 minute walk of Ocean Terrace Tower you can find Carrefour Market at Paragon Bay Mall, Broadway Baqala grocery store, Ohara Flowers and Golden Fountain, Al Ansari Exchange, Land Pearl Butchery and Atlas Elektronik.
From the tower, you can get to the following shopping malls: Abu Dhabi Mall, The Galleria, Shams Boutik, Madinat Zayed Shopping Center and Liwa Center.
The Cleveland Clinic, Dar Al Shifa Hospital, Burjeel Hospital, Al Salama Hospital and Ahalia Hospital are all within a 10-15 minute drive of the complex.
Playhouse Nursery is a pre-school that is just a 2-minute walk from Ocean Terrace Tower. Mosaic Nursery, Early World Nursery and Little Buds Nursery are only 10-15 minutes away.
Educational institutions such as Abu Dhabi Grammar School, INSEAD Middle East Campus and GEMS World Academy are all within a 5-minute drive by private vehicle or taxi.
The nearest bus stop is Hazzaʹ Bin Zayed St/Marina Square, a 5-minute walk from the tower. Abu Dhabi International Airport can be reached in about half an hour by car, and Al Bateen Executive Airport is reachable in 20 minutes.
The landmark Qasr Al Hosn is a 15-minute drive away. It is the oldest building in Abu Dhabi and is remarkable for its exquisite architecture and the available observation deck offering a stunning view of the UAE capital. It takes about 10-20 minutes to drive to other places of interest in the emirate, such as the Abu Dhabi National Theater, Louvre Museum and Zayed National Museum .
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